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Click here for more information about SD's Economy
South Dakota's Economy:
Dominated by wholesale and retail trade, and agricultures, South Dakota has a stable economy.
Growing from $10.5 billion in 1984 to 47.6 billion in 2006 is the total gross business sales.
Respectively, in 2006 retail and wholesale trade represented 40.3% and 22.7%.
The farm economy produced cash receipts of $57 in 2005.
Livestock generated cash reciepts of $2.6 billion or 45.9%.
Crops generated total cash reciepts of $2.3 billion or 39.9%.
$806.7 million was the payments to farms for field crops and deairy products under federal farm subsidy programs.
This amount has represented 14.2% of total cash reciepts in 2005 and has grown from $90.7 million in 1981.
The state doesn't offer any farm subsidy programs.
Accounting for over 17% of the Gross State Product, finance and insurance is the leading industry in South Dakota.
Hunting, fishing, forestry, agriculture, real estate, retail trade, health care and social assistance, and manufacturing are other top industries.
Over 50% of South Dakota's Gross State Product are accounted for these industries combined.
Sectors that employ most workers are government, educational and health services, and retail trade.
Currently, no single sector employs more than 20% of all nonfarm workers.
Employers in South Dakota at Sioux Valley Hospital in Sioux Falls are sitting at the top of the list of largest private employers.
More than 9,700 employees in the Sioux Falls area are accounted for by Sioux Valley and Avera McKennan Hospital.
Attractive business climate is also considered in South Dakota.
South Dakota offers the best economic enviroment for entrepreneurship in the nation according to the Small Business Survival Foundation.
The state has no income tax, personal or corporate, and boasts the second lowest crime rate in the nation.
Expected to remain lower in the future is the state's unemployment rate that has been significantly lower that the unemployment rate of the United States.
Mt. Rushmore is a famous historical site.
It was made by Doane Robinson and Gutzon Borglum.
The heads of George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln were carved in the mountain.
Borglum died in the month of March in 1941 so his son Lincoln took over for the next seven months until funding ran out.
Mt. Rushmore has stayed the same since then.
The most important mined products in South Dakota are granite, limestone, clays, crushed stone, sand, gravel, and petroleum.
Gypsum and natural gas are also products that are mined.
Before Homestake Mine in Lead was closed in 2001, South Dakota was the leading producer of gold.
Gold mining still exists in South Dakota but it is on a small scale.
Click here for more information about SD's State Symbols
Click here for more information about SD's History
Click here for more information about SD's Interesting facts and people
Click here for more information about SD's Physical Features
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