Economy of Oklahoma
The economy of Oklahoma is the 29th largest in the United States. Oklahoma's gross state product (GSP) is approximately $197.2 billion as of December 2018.
Flag of Oklahoma | |
| Currency | US$ (USD) |
|---|---|
| July 1 - June 30 | |
| Statistics | |
| GDP | $200.2 billion (nominal, Q1 2020) |
| GDP rank | 30th (Q1 2020) |
GDP growth | 4.0% (2020) |
GDP per capita | $50,594 (2020 est) |
GDP by sector | Agriculture 2% Industry 34% Services 64% |
Population below poverty line | 15.2% (2011) |
Labor force | 1.9 million (Q1 2020) |
Labor force by occupation | Agriculture 1% Industry 16% Services 83% |
| Unemployment | 5.7% (Q3 2020) |
Average gross salary | $45,620 (Q2 2019) |
| External | |
| Exports | $5.4 billion (2020) |
Export goods | Aircraft engines, motor vehicles, precious metals, pork meat |
Main export partners | Canada 27% Mexico 9% Germany 9% Japan 5% |
| Imports | $10.8 billion (2020) |
Import goods | Crude Oil, turbojets, computers |
Main import partners | Canada 40% China 22% Mexico 7% Germany 4% |
| Public finances | |
Government debt | $2.1 billion; 1% of GDP (2020) |
| Revenues | $19.8 (FY2020) (Taxation 49.3%, Federal Grants 38.9%, Other 11.8%) |
| Expenses | $19.8 billion (FY2014) (Health Services 31.3 %, Education 26.1%, Social Services 12.4%, Gov't Admin 10.9%, Public Safety 4.6%, Debt Service 1.4%, Other 13.3%) |
Credit rating |
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All values, unless otherwise stated, are in US dollars. | |
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