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In the fiscal year of 2019, the state of North Dakota had state debt totaling 3.04 billion U.S. dollars. However, the local government debt was slightly higher at 5.38 billion U.S. dollars.
The North Dakota Department of Financial Institutions is responsible for chartering, regulating, and examining North Dakota state-chartered banks, credit unions, and trust companies.
North Dakota has $23.4 billion of assets available to pay the state's bills totaling $10.5 billion. North Dakota has $12.8 billion available after bills have been paid, which breaks down to $47,400 per taxpayer.
Overview of the North Dakota Economy The top three sectors by total employment are Mining, Agriculture, Forestry, Fishing and Hunting, Healthcare and Social Assistance, while the unemployment rate across the state in 2023 was 2.3%.
In the fiscal year of 2019, the state of South Dakota had state debt totaling 3.94 billion U.S. dollars. However, the local government debt was slightly lower at 3.04 billion U.S. dollars.
North Dakota ranks 46th in economy size among states and Washington, DC. In 1st quarter of 2023, North Dakota accounted for 0.3% of the US economy.