Economy of Oklahoma

Economy of Oklahoma

Flag of Oklahoma
Currency	US$ (USD)
Fiscal year	July 1 - June 30
Statistics
GDP	$200.2 billion (nominal, Q1 2020)[1]
GDP rank	30th (Q1 2020)
GDP growth	4.0% (2020)[2]
GDP per capita	$50,594 (2020 est)
GDP by sector	Agriculture 2% Industry 34% Services 64%
Population below poverty line	15.2% (2011)[3]
Labor force	1.9 million (Q1 2020)[4]
Labor force by occupation	Agriculture 1% Industry 16% Services 83%
Unemployment	5.7% (Q3 2020)[5]
Average gross salary	$45,620 (Q2 2019)
External
Exports	$5.4 billion (2020) [6]
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)[7]
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)[8]
Revenues	$19.8 (FY2020)[9] (Taxation 49.3%, Federal Grants 38.9%, Other 11.8%)
Expenses	$19.8 billion (FY2014)[10] (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	Standard & Poor's: AA[11] Moody's: Aa2 Fitch: AA [12]
All values, unless otherwise stated, are in US dollars.

The economy of Oklahoma is the 30th largest in the United States. Oklahoma's gross state product (GSP) is approximately $197.2 billion as of December 2018.