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Report: Despite energy woes, Wyoming saw a little growth in 2013-14

In a recent review of declining oil costs and severance taxes in energy rich states, the Nelson A. Rockefeller Institute of Government found that Wyoming managed to pull a little growth in the 2013-2014 budget year. According to the institute, there are eight states that have 10 percent or more of their gross domestic product coming from oil, natural gas and mining: Alaska, North Dakota, Louisiana, New Mexico, Oklahoma, Texas, West Virginia and Wyoming. Wyoming, in fact, saw 33.1 percent of its GDP coming from all mining activities in 2013. Wyoming had a .1 percent growth in the mining industries in 2013-14, the only of the eight to see growth. Meanwhile, nationwide severance tax revenue declined 33.7 percent nationwide from 2014-2015. Despite that growth, employment has decreased in Wyoming from the start to the end of 2015. It reduced by a total of 2.4 percent in those twelve months, the sharped decline in employment by any of the eight energy-rich states. Read the complete data review here . *Photo of a natural gas drilling rig near Pinedale.* #bootstrapped #news