BISMARCK, N.D. – Tax Commissioner Brian Kroshus announced today that North Dakota’s taxable sales and purchases for the second quarter of 2023 are up 16.8% compared to the same timeframe in 2022. Taxable sales and purchases for April, May and June of 2023 were $6.9 billion.
“Through the first half of 2023 our economy continues to perform extremely well, exhibiting strong growth in taxable sales and purchases versus last year across virtually all major categories including energy and agriculture,” said Tax Commissioner Brian Kroshus. “The solid performance in quarter two is further evidence of our state’s healthy economy.”
Thirteen out of 15 major industry sectors reported taxable sales and purchases increases when compared to the second quarter of 2022. Most notably, the mining and oil extraction sector increased by $246 million (a 51.0% increase) and the wholesale trade sector increased by $359 million (a 25.1% increase).
“North Dakota’s energy sector once again posted the largest increase compared to other categories. This is attributable to various factors including a strong demand, both at home and abroad, fewer supply-chain disruptions and heightened economic activity,” said Kroshus.
Percent changes for the second quarter of 2023 (compared to the second quarter of 2022) for the four largest cities in North Dakota were as follows:
- Bismarck – Increase of 4.5%
- Fargo – Increase of 3.9%
- Grand Forks – Increase of 3.0%
- Minot – Increase of 13.0%
Of the 50 largest cities in North Dakota, the highest percentage of increases for the second quarter of 2023 (compared to the second quarter of 2022) were as follows:
- New Town – Increase 115.6%
- Burlington – Increase 87.7%
- Velva – Increase 69.9%
- Belfield – Increase 66.5%
- Hillsboro – Increase 63.2%
Counties with the highest percentage of increases for the second quarter of 2023 (compared to the second quarter of 2022) were as follows:
- McHenry County – Increase 73.5%
- Mountrail County – Increase 62.9%
- Divide County – Increase 51.9%
- Williams County – Increase 34.8%
- Griggs County – Increase 33.0%
The complete data for this quarter of 2023 North Dakota Sales and Use Tax Statistical Report can be accessed through an interactive Power BI report found at www.tax.nd.gov/data.
Taxpayers can stay up-to-date on North Dakota tax-related matters by visiting the Office of State Tax Commissioner’s website at www.tax.nd.gov or connecting on Facebook, Instagram, LinkedIn or Twitter.