North Dakota Fiscal Statistics

StatisNostics/State Financials/North Dakota

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20122021

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State Revenue Analysis (North Dakota: 2012–2021)

Population: 701,705 → 762,062 (8.6% change)

Overall Revenue Trends

Total Revenue▲ 35.7%

$7,316,458,000 (2012)→$9,928,728,000 (2021)

Per Capita Revenue▲ 25%

$10,427 (2012)→$13,029 (2021)

Fund Balances▲ 141.6%

$12,960,582,000 (2012)→$31,313,571,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 9.9%

Major Tax Revenue

Property Tax▲ 117.1%

$2,398,000 (2012)→$5,207,000 (2021)

Sales Tax▼ 18.1%

$1,122,783,000 (2012)→$919,915,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 2190.3%

$53,737,000→$1,230,742,000

Housing & Community Development Charges▲ 260.4%

$1,096,000→$3,950,000

Unemployment - Contribution▲ 245.3%

$97,096,000→$335,315,000

Declining/Slowest Growing Sources

Local Intergovernmental Public Welfare▼ 95.8%

$8,487,000→$356,000

Federal Intergovernmental Employment Security Administration▼ 78.4%

$16,088,000→$3,469,000

Air Transportation Charges▼ 66.7%

$15,000→$5,000

Revenue Forecast

Projected Revenue (Next Year)▲ 5.9%

Estimated: $10,510,069,275

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Severance Tax23.4%

Total General Sales Taxes15.3%

Federal Intergovernmental Public Welfare7.3%

Federal Intergovernmental Highways6.9%

Individual Income Tax5.9%

Federal Intergovernmental Education4.2%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges3.7%

Higher Education Tuition Charges3.5%

Federal Intergovernmental Other3.2%

Interest Earnings3.0%

Corporation Net Income Tax2.9%

Motor Fuels Sales Tax2.8%

Other Selective Sales Taxes1.9%

Higher Education Auxiliary Charges1.5%

Workers Compensation - Other Contributions1.5%

Motor Vehicle License1.4%

Unemployment - Contribution1.3%

Occupation & Business License Not Elsewhere Classified0.9%

Workers Compensation - Interest Earnings0.7%

Federal Intergovernmental Health & Hospitals0.7%

Donations From Private Sources0.7%

Royalties0.7%

Miscellaneous General Revenue Not Elsewhere Classified0.6%

Insurance Premium Tax0.6%

Public Utilities Tax0.6%

All Other Not Elsewhere Classified Charges0.5%

Federal Intergovernmental Other Natural Resources0.5%

Federal Intergovernmental Water Utilities0.5%

Natural Resources Not Elsewhere Classified Charges0.4%

Tobacco Sales Tax0.4%

Local Intergovernmental Highways0.3%

Federal Intergovernmental Employment Security Administration0.2%

Hunting & Fishing License0.2%

Federal Intergovernmental Housing & Community Development0.2%

Net Lottery Revenue0.2%

Fines & Forfeits0.1%

Local Intergovernmental Public Welfare0.1%

Alcoholic Beverage Sales Tax0.1%

Local Intergovernmental Water Utilities0.1%

Amusement Tax0.1%

Hospital Charges0.1%

Federal Intergovernmental Sewerage0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Other0.1%

Sale of Property0.1%

Unemployment - Interest Revenue0.0%

Parks & Recreation Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Property Tax0.0%

Regular Highway Charges0.0%

Rents0.0%

Housing & Community Development Charges0.0%

Amusement License Tax0.0%

Parimutuels Tax0.0%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Air Transportation Charges0.0%

Public Utility License Tax0.0%

Death & Gift Tax0.0%

Local Intergovernmental Education0.0%

2021 Revenue Sources

Severance Tax16.7%

Federal Intergovernmental Public Welfare13.7%

Federal Intergovernmental Health & Hospitals12.4%

Total General Sales Taxes9.3%

Interest Earnings6.2%

Individual Income Tax4.5%

Federal Intergovernmental Education4.1%

Higher Education Tuition Charges3.7%

Federal Intergovernmental Highways3.4%

Unemployment - Contribution3.4%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges2.7%

Federal Intergovernmental Other2.7%

Motor Fuels Sales Tax1.7%

Other Selective Sales Taxes1.7%

Corporation Net Income Tax1.6%

Workers Compensation - Interest Earnings1.5%

Motor Vehicle License1.2%

Workers Compensation - Other Contributions1.0%

Higher Education Auxiliary Charges0.9%

Donations From Private Sources0.9%

Occupation & Business License Not Elsewhere Classified0.7%

Royalties0.6%

Insurance Premium Tax0.6%

All Other Not Elsewhere Classified Charges0.6%

Public Utilities Tax0.5%

Miscellaneous General Revenue Not Elsewhere Classified0.4%

Federal Intergovernmental Other Natural Resources0.4%

Local Intergovernmental Highways0.3%

Tobacco Sales Tax0.3%

Fines & Forfeits0.2%

Federal Intergovernmental Water Utilities0.2%

Amusement Tax0.2%

Hunting & Fishing License0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Housing & Community Development0.2%

Local Intergovernmental Water Utilities0.1%

Net Lottery Revenue0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Alcoholic Beverage Sales Tax0.1%

Federal Intergovernmental Sewerage0.1%

Parks & Recreation Charges0.1%

Unemployment - Interest Revenue0.1%

Local Intergovernmental Other0.1%

Motor Vehicle Operators License0.1%

Property Tax0.1%

Sale of Property0.0%

Housing & Community Development Charges0.0%

Hospital Charges0.0%

Federal Intergovernmental Employment Security Administration0.0%

Rents0.0%

Amusement License Tax0.0%

Parimutuels Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Public Welfare0.0%

Federal Intergovernmental Air Transportation0.0%

Air Transportation Charges0.0%

Public Utility License Tax0.0%

Local Intergovernmental Education0.0%

Key Insights

1Total revenue increased by 35.7% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 8.6%, while per-capita revenue changed by 25.0%.
3The state's fund balances increased by 141.6%, suggesting improved fiscal health.

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State Expense Analysis (North Dakota: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 49%

$2,294,624,000→$3,425,718,000

Per Capita Spending▲ 37%

$3,270→$4,495

Population Trends

Population Change▲ 8.6%

701,705 (2012)→762,062 (2021)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 77%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 17%

$0 (2012)→$0 (2021)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 211%

$0 (2012)→$0 (2021)

General Expenses▲ 107%

$0 (2012)→$0 (2021)

North Dakota Key Insights

1General expenses increased dramatically by 107%, which may indicate classification changes, new initiatives, or reporting adjustments
2Financial Administration was the fastest growing major expense category at 211% increase

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 10%

$1,232,940,000 (2012)→$1,357,729,000 (2021)

Industrial Revenue Debt▲ 58%

$837,325,000 (2012)→$1,323,320,000 (2021)

Per Capita Debt▲ 1%

$1,757 (2012)→$1,782 (2021)

Population Trends

Population Change▲ 8.6%

701,705 (2012)→762,062 (2021)

Debt Management

Most Recent Year (2021)

Issued:$302,625,000

Retired:$341,745,000

Net Change:$-39,120,000

Debt Retirement Trend

$132,972,000 → $341,745,000▲ 157%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.