According to the United States Bureau of Economic Analysis, it was estimated that the North Dakota's total economy in the year 2005 was $24.178 billion. Individual income in that same year was around $31,395. Because of this economic condition the state has been ranked as 32nd in United States. Since the agricultural condition of North Dakota is extremely good the state has been leading the nation in production of several crops. The region has good rainfall and hence the agricultural activity is largely dependent on the rainfall. The production of good quality crops directly supports the economy of the state. The major crops produced in the region include Wheat, barley, canola, soybeans, sunflowers, and flax are grown throughout the state.
The Red River valley greatly helps in rich farming. The chief crops to be grown here include sugar beets, soybeans and corn. In the dry southwestern region cattle rearing is very common and towards the east dairy farming dominates the region. In the central of North Dakota extensive amount of honey is produced. Though the industrial source of the state is not that developed still it helps a great deal in the economy of the region. The small industrial set ups include the electric power, machinery, food processing, petroleum and many other things. The tourism also helps greatly in enhancing the economic condition of North Dakota.
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