Central ND News

Tax Commissioner Brian Kroshus has reported a 3.2 percent increase in North Dakota's taxable sales and purchases for the fourth quarter of 2024 compared to the same period in 2023. The total for October, November, and December 2024 reached $7.1 billion.

"Despite the influence lower commodity pricing had on our state's top two sectors, energy and agriculture, our economy again posted a modest gain compared to the same period last year," said Commissioner Kroshus. "As an exporting state, we'll continue to keep a watchful eye on monetary and trade policy at the federal level, in conjunction with overall demand for North Dakota products."

All major industry sectors showed slight to moderate increases in taxable sales and purchases from the previous year’s fourth quarter. Retail trade, the largest sector, saw a 2.6 percent rise. Wholesale trade increased by 2.0 percent, while mining and gas extraction grew by 1.4 percent.

The performance of the top five categories included:

- Retail Trade – Increase of 2.6%

- Wholesale Trade – Increase of 2.0%

- Mining, Oil & Gas Extraction – Increase of 1.4%

- Accommodation and Food Services – Increase of 0.6%

- Manufacturing – Increase of 4.8%

For North Dakota's largest cities during this period:

- Bismarck saw a decrease of 0.7%.

- Dickinson experienced an increase of 3.3%.

- Fargo recorded a decrease of 3.1%.

- Grand Forks decreased by 0.5%.

- Jamestown fell by 1.9%.

- Minot decreased by 4.5%.

- Williston increased by 2%.

"While fourth quarter results were positive, decreased collections for the state's largest cities indicate consumer spending continues to moderate due to inflation and the current interest rate environment," said Commissioner Kroshus.

Among North Dakota's largest cities, Burlington had a notable increase of 41.1%, followed by Casselton at 34.2%, Ellendale at 28.3%, Bowman at 26.3%, and New Town at 9.4%.

Counties with significant increases included Logan County with a rise of 46.8%, Bowman County up by 34.8%, Bottineau County growing by 28.6%, Kidder County increasing by 14.4%, and Ransom up by 13.5%.

For more information regarding tax-related programs in North Dakota, visit the Office of State Tax Commissioner's website or connect via social media.