Economy of Oklahoma

By | March 4, 2023

Oklahoma is located in the South Central region of the United States and is considered to be a part of the Great Plains. The state has an estimated population of 3.9 million people and a gross domestic product of $209 billion, making it the 28th largest economy in the nation. While Oklahoma’s economy was traditionally based on agriculture, today it is more diversified and includes energy, manufacturing, services, and technology industries.

Agriculture remains an important part of Oklahoma’s economy and is one of its key industries. Agriculture accounts for about 11% of Oklahoma’s total economic output and employs around 197,000 people across the state. The main crops grown in Oklahoma are wheat, corn, cotton, soybeans, alfalfa hay, canola seed oil crops, sorghum grain crops, peanuts, sunflowers and pecans. Livestock production also plays an important role in Oklahoma’s agricultural sector with beef cattle being the most significant livestock product.

The energy industry is another major contributor to Oklahoma’s economy with oil being one of its primary sources. Oil production has been a major factor in driving economic growth for over 100 years and contributes significantly to employment levels in the state as well as tax revenues for local governments. In addition to oil production there are other forms of energy production such as natural gas extraction which also contribute to economic output in Oklahoma.

Manufacturing plays a big role in Oklahoma’s economy with food processing being one of its key industries due to its abundant agricultural resources. Other important manufacturing sectors include aerospace engineering which produces aircraft parts as well as electronics manufacturing which produces components used by many different industries across the world.

The service industry accounts for nearly half of all jobs in Oklahoma with retail trade being particularly important due to its large population centers such as Tulsa and Oklahoma City where many retail stores are located Health care services are also very important due to their growing importance nationwide as well as their ability to provide jobs that pay wages that are higher than those offered by other service sectors such as hospitality or tourism.

Finally, technology has become increasingly important for driving innovation within businesses throughout the state which helps them remain competitive within their respective markets. This includes software development, IT services, engineering, biotechnology, financial services, telecommunications, etc. Many tech companies have chosen to locate their offices within cities like Tulsa or Norman due to their proximity to universities that provide access to talent pools with specialized skill sets.

Overall, while agriculture still remains an integral part of Oklahoma’s economy, it has diversified over time into other sectors such as energy, manufacturing, services & technology which have enabled it maintain steady growth rates over recent years despite fluctuations experienced by some other states. This diversification provides greater stability & resilience against any future economic downturns while providing opportunities for new businesses & investments that can help drive future growth & prosperity within the state.

Top 3 Counties in Oklahoma

According to, main counties in Oklahoma include:

Oklahoma is a state located in the south-central United States, bordered by Kansas in the north and Texas in the south. It is home to some of the most diverse and vibrant counties in the country. Here are three of Oklahoma’s top counties.

Oklahoma County is located in central Oklahoma and includes Oklahoma City, the state’s capital and largest city. It has a population of over 770,000 people, making it one of the most populous counties in the state. The county is home to several major universities, including Oklahoma State University and University of Central Oklahoma, as well as numerous museums and cultural attractions. In addition, Oklahoma County has numerous parks and recreational areas that attract visitors from all over the world.

Tulsa County is located in northeastern Oklahoma and includes Tulsa, the second-largest city in the state. The county’s population stands at over 600,000 people, making it one of the most populous counties in Oklahoma. Tulsa County offers a wide variety of attractions for visitors including museums, parks, golf courses, shopping centers, restaurants and more. Additionally, Tulsa is home to several universities such as Oral Roberts University and University of Tulsa.

Cleveland County lies just south of Oklahoma City and has a population of over 250,000 people. This county boasts numerous attractions for visitors including museums like National Cowboy & Western Heritage Museum; parks like Lake Thunderbird State Park; golf courses; shopping centers; restaurants; wineries; theaters; festivals; concerts; libraries; schools; colleges & universities such as University of Central Oklahoma & Rose State College; sports teams such as NBA’s OKC Thunder basketball team & minor league baseball team OKC Dodgers baseball team plus much more! Cleveland County also offers plenty of outdoor activities like camping & fishing spots along with trails for hiking & biking throughout its scenic landscapes which makes it an ideal destination for nature lovers.

Economy of Oklahoma