# Economy of Oklahoma

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.

## Data
### Historical data

The history of Oklahoma's GSP according to the Bureau of Economic Analysis and the United States Census Bureau
| Year | Nominal GSP (in bil. US-Dollar) | GSP growth (in percent) | Population (in thousands) | Population growth (in percent) | GSP per capita (in US Dollars) | Unemployment (in percent) | State Government spending (in % of GSP) | State Government debt (in % of GSP) | Current account balance (in % of GSP) |
| 2020 | 185.9 | -8.0 | 3,981 | 0.6 | 46,697 | 4.7 | 10.7 | 4.6 | -2.9 |
| 2019 | 201.3 | 1.7 | 3,957 | 0.4 | 51,049 | 3.0 | 8.2 | 4.1 | -2.8 |
| 2018 | 198.6 | 7.1 | 3,940 | 0.2 | 50,406 | 3.2 | 8.8 | 4.2 | -2.6 |
| 2017 | 185.5 | 0.7 | 3,931 | 0.1 | 47,189 | 3.8 | 9.4 | 4.3 | -2.3 |
| 2016 | 177.8 | -3.4 | 3,926 | 0.4 | 45,288 | 4.5 | 10.1 | 4.2 | |
| 2015 | 184.1 | -4.9 | 3,910 | 0.8 | 47,084 | 4.4 | 9.5 | 4.1 | |
| 2014 | 193.5 | 6.4 | 3,878 | 0.6 | 49,897 | 5.0 | 9.0 | 3.4 | |
| 2013 | 181.9 | 5.0 | 3,853 | 0.9 | 47,210 | 5.0 | 9.3 | 3.5 | |
| 2012 | 173.2 | 4.9 | 3,819 | 0.8 | 45,352 | 5.1 | 9.6 | 3.9 | |
| 2011 | 165.1 | 7.8 | 3,788 | 1.7 | 43,585 | 5.4 | 10.1 | 4.3 | |
| 2010 | 153.2 | -4.1 | 3,724 | 1.0 | 41,139 | 6.1 | 10.8 | | |
| 2009 | 159.8 | 0.0 | 3,686 | 1.3 | 43,353 | 7.0 | 10.1 | | |
| 2008 | 159.8 | 10.4 | 3,640 | 0.9 | 43,901 | 4.7 | 9.4 | | |
| 2007 | 144.8 | 5.8 | 3,609 | 1.4 | 40,122 | 3.6 | 9.7 | | |

### GSP by industry

Industries value added to Oklahoma GDP in Q1 2020. Sectors percentages are compared to sector percentages of United States GDP.
| Sector | OK value ($ billions) | Sector % of OK GDP | Sector % of US GDP |
| Agriculture | 4.4 | 2.2% | 1% |
| Mining | 45.0 | 22.5% | 3% |
| Construction | 5.6 | 2.8% | 2% |
| Manufacturing | 16.6 | 8.3% | 4% |
| Trade, Transportation, and Utilities | 35.8 | 17.9% | 12% |
| Information | 5.2 | 2.6% | 5% |
| Finance | 22.0 | 11.0% | 20% |
| Professional | 16.4 | 8.2% | 12% |
| Education and Health | 14.0 | 7.0% | 8% |
| Entertainment | 5.4 | 2.7% | 4% |
| Other Services | 3.4 | 1.7% | 2% |
| Government | 27.8 | 13.9% | 12% |
| Total | 200.2 | 100% | 100% |

## Employment

There were approximately 1.8 million in the Oklahoma labor force in 2018. The private sector employs 90% of working Oklahomans, with the government (federal, state, and local) employing 9%. The largest employer in the state is the United States Department of Defense, which employs approximately 69,000 workers or 3.8% of all working Oklahomans. The largest private employer is Walmart, which employs approximately 32,000 workers or 1.8% of all working Oklahomans.
As of 2019, the top 20 employers in the State of Oklahoma were:
| # | Employer | # of employees |
| 1 | United States Department of Defense | 69,000 |
| 2 | Walmart | 32,200 |
| 3 | University of Oklahoma | 17,800 |
| 4 | Chickasaw Nation | 11,300 |
| 5 | Choctaw Nation of Oklahoma | 10,000 |
| 6 | Integris Health | 8,900 |
| 7 | Cherokee Nation | 8,500 |
| 8 | Oklahoma State University | 8,200 |
| 9 | United States Postal Service | 6,900 |
| 10 | Oklahoma Department of Human Services | 6,600 |
| 11 | Hobby Lobby | 6,401 |
| 12 | Mercy Health | 6,300 |
| 13 | Saint Francis Hospitals | 6,200 |
| 14 | Tulsa Public Schools | 5,900 |
| 15 | United States Department of Veterans Affairs | 5,800 |
| 16 | Braum's | 5,400 |
| 17 | American Airlines | 5,200 |
| 18 | Lowe's | 5,100 |
| 19 | Oklahoma City Public Schools | 5,000 |
| 20 | City of Oklahoma City | 4,800 |