IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
US State economic profile
Oklahoma - Economic Profile
Statistics, economic information and rankings for the Sooner State
In 2026, the state of Oklahoma has a population of 4,159,451, having grown an annualized 0.8% over the five years to 2026, which ranks it 16th out of all 50 US states by growth rate. Oklahoma's gross state product (GSP) in 2026 reached $214.9b, with growth of 2.0% over the 5 years to 2026. Businesses in Oklahoma employed a total of 1,764,468 people in 2026, with average annual employment growth over the past five years of 2.1%. The top three sectors by total employment are Real Estate & Rental & Leasing, Mining, Healthcare & Social Assistance, while the unemployment rate across the state in 2026 was 3.6%.
Access this data your way
The Oklahoma economic profile is available in multiple formats to fit seamlessly into your workflow.
State economic profile
Oklahoma Economic Overview
$214.9b
Gross state product
4,159,451
Population
359,481
Businesses
What is Oklahoma's Gross Domestic Product (GDP)?
In 2026, Oklahoma's GDP reached $214.9b, representing an increase of 2.0% from 2025. Oklahoma's GDP has grown at an annualized rate of 1.5% over the five years to 2026. Moreover, Oklahoma's trailing five-year GDP growth ranks it 26th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in Oklahoma's GDP, and compare them to the national average, using the chart below.
State economic profile
Oklahoma Industry Trends
Learn about current trends affecting the most significant industries for Oklahoma's state economy, down to the county level. IBISWorld offers state industry research reports on over 30,000 industries across all 50 states in the US, including 631 industries in Oklahoma.
What are Oklahoma's Largest Industries by Revenue?
The largest industries by revenue in Oklahoma are Oil Drilling & Gas Extraction, Gasoline & Petroleum Wholesaling and Petroleum Refining, which generated $43.9b, $22.8b and $19.5b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Oil Drilling & Gas Extraction | $43.9b |
| 2. | Gasoline & Petroleum Wholesaling | $22.8b |
| 3. | Petroleum Refining | $19.5b |
| 4. | Hospitals | $18.2b |
| 5. | New Car Dealers | $15.6b |
| 6. | Commercial Banking | $13.8b |
| 7. | Drug, Cosmetic & Toiletry Wholesaling | $13.5b |
| 8. | Lotteries & Native American Casinos | $10.6b |
| 9. | Oil & Gas Field Services | $9.2b |
| 10. | Natural Gas Distribution | $9.0b |
State economic profile
Top Companies in Oklahoma
Learn about current trends affecting the top companies in Oklahoma. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in Oklahoma by Employment
The largest companies by employment in Oklahoma are Walmart Inc., The Chickasaw Nation and Oklahoma State University, which employed 35,568, 15,000 and 13,942 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | Walmart Inc. | 35,568 | 2.0% |
| 2. | The Chickasaw Nation | 15,000 | 0.9% |
| 3. | Oklahoma State University | 13,942 | 0.8% |
| 4. | Integris Health, Inc. | 12,000 | 0.7% |
| 5. | Saint Francis Health System | 12,000 | 0.7% |
| 6. | University of Oklahoma | 11,532 | 0.7% |
| 7. | Hobby Lobby Stores Inc. | 8,250 | 0.5% |
| 8. | Amazon.Com | 7,500 | 0.4% |
| 9. | United States Postal Service | 6,850 | 0.4% |
| 10. | Oklahoma Deparment of Human Services | 6,217 | 0.4% |
State economic profile
Oklahoma Sector Statistics
In Oklahoma, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Oklahoma's GDP by Sector?
The Real Estate & Rental & Leasing, Mining and Healthcare & Social Assistance sectors contributed the most to Oklahoma's GDP in 2026, representing a combined 34.7% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state economy, in addition to how the state economy is evolving over time.
| Sector | GDP | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Real Estate & Rental & Leasing | 25,351,413,117 | 3.5% | 3.5% |
| Mining | 19,899,493,276 | 6.3% | 3.0% |
| Healthcare & Social Assistance | 18,966,217,106 | 5.0% | 5.3% |
| Manufacturing | 15,982,066,391 | -0.4% | -0.1% |
| Retail Trade | 14,982,231,067 | 4.3% | 3.6% |
| Transportation & Warehousing | 12,058,493,683 | 2.0% | 2.0% |
| Professional, Scientific & Technical Services | 11,917,526,731 | 5.5% | 5.8% |
| Wholesale Trade | 9,365,393,367 | 0.2% | 0.3% |
| Administration, Business Support and Waste Management Services | 8,547,198,354 | 4.9% | 5.6% |
| Finance & Insurance | 8,130,454,056 | 0.8% | 0.4% |
| Information | 6,450,853,570 | 1.6% | 0.7% |
| Utilities | 6,269,955,223 | 10.6% | 11.8% |
| Accommodation & Food Services | 6,140,479,356 | 1.9% | 0.1% |
| Construction | 6,068,202,010 | -2.7% | -3.6% |
| Management of Companies and Enterprises | 5,581,265,886 | 9.3% | 10.1% |
| Other Services (except Public Administration) | 3,810,435,204 | -1.8% | -1.6% |
| Agriculture, Forestry, Fishing & Hunting | 2,553,191,045 | -0.5% | -0.0% |
| Arts, Entertainment & Recreation | 1,580,759,036 | 5.3% | 5.3% |
| Educational Services | 1,483,191,639 | 3.5% | 3.1% |
What is Oklahoma's Employment by Sector?
The Healthcare & Social Assistance, Retail Trade and Accommodation & Food Services sectors contributed the most to employment in Oklahoma in 2026, representing a combined 38.5% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Healthcare & Social Assistance | 270,471 | 2.1% | 2.1% |
| Retail Trade | 236,815 | 1.5% | 2.1% |
| Accommodation & Food Services | 172,466 | 0.5% | 1.9% |
| Administration, Business Support and Waste Management Services | 142,106 | 1.7% | 1.0% |
| Professional, Scientific & Technical Services | 139,685 | 1.4% | 2.1% |
| Manufacturing | 131,415 | 0.7% | 1.5% |
| Construction | 103,785 | 1.6% | 1.5% |
| Transportation & Warehousing | 86,967 | 3.0% | 3.4% |
| Educational Services | 86,688 | 1.1% | 0.3% |
| Other Services (except Public Administration) | 82,466 | 1.5% | 3.1% |
| Finance & Insurance | 73,413 | 1.0% | 1.1% |
| Wholesale Trade | 63,374 | 0.9% | 1.9% |
| Real Estate & Rental & Leasing | 48,628 | 1.1% | 1.4% |
| Mining | 42,913 | -2.2% | 1.8% |
| Arts, Entertainment & Recreation | 39,800 | 0.6% | 5.2% |
| Information | 27,735 | 2.0% | 2.5% |
| Utilities | 13,218 | 0.9% | 1.4% |
| Agriculture, Forestry, Fishing & Hunting | 2,523 | 1.4% | -1.1% |
State economic profile
Oklahoma Employment Trends
1.8m
Employment
3.6%
Unemployment
What Employment Trends are Impacting Oklahoma?
The state of Oklahoma employs 1,764,468 people in 2026, which ranks it 31st out of all 50 US states. Employment in Oklahoma has grown at an annualized rate of 1.9% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in Oklahoma include Healthcare & Social Assistance, Retail Trade and Accommodation & Food Services, which employed 270,471, 236,815 and 172,466 people in 2026, respectively. Oklahoma's unemployment rate is 3.6% in 2026, which ranks it 11th out of all 50 US states. Oklahoma's unemployment rate has trended downwards at a rate of -2.1% over the five years to 2026, overperforming the US economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Oklahoma, and compare them to the US economy, using the chart below.
$158.8k
Per capita disposable income
What is Oklahoma's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Oklahoma's DPI in 2026 was $158.8k, compared to the US average of $156.5k, which places it 6th out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Oklahoma's per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
Oklahoma Construction & Building Trends
$6,968.1tn
Nonresidential construction
$4.1tn
Residential construction
15,998
Building permits
What can construction trends tell you about a state’s economy?
In Oklahoma, non-residential construction was $6,968.1tn in 2026, which ranks it 27th out of all 50 US states. Residential construction was $4.1tn in 2026, which places Oklahoma 30th out of all 50 US states. The number of building permits issued in Oklahoma in 2026 was 15,998, representing a 0.9% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Oklahoma, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
Oklahoma Population Statistics
Which Counties in Oklahoma have the Largest Populations?
The counties with the highest populations in Oklahoma are Oklahoma County, Tulsa County and Cleveland County, which had populations of 822,684, 697,156 and 306,659 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Oklahoma | 822.7k | 0.6% | 19.8% |
| Tulsa | 697.2k | 0.7% | 16.8% |
| Cleveland | 306.7k | 0.6% | 7.4% |
| Canadian | 197.2k | 3.9% | 4.7% |
| Comanche | 121.0k | -0.2% | 2.9% |
| Rogers | 104.7k | 1.4% | 2.5% |
| Wagoner | 97.0k | 2.8% | 2.3% |
| Payne | 84.9k | 0.6% | 2.0% |
| Pottawatomie | 75.0k | 0.5% | 1.8% |
| Creek | 74.8k | 0.7% | 1.8% |
| Muskogee | 67.1k | 0.2% | 1.6% |
| Garfield | 61.8k | -0.1% | 1.5% |
| Grady | 59.7k | 1.3% | 1.4% |
| Logan | 56.3k | 2.0% | 1.4% |
| Washington | 54.9k | 0.7% | 1.3% |
| Mcclain | 52.3k | 3.6% | 1.3% |
| Bryan | 51.7k | 1.8% | 1.2% |
| Le Flore | 50.9k | 0.9% | 1.2% |
| Carter | 49.1k | 0.4% | 1.2% |
| Cherokee | 48.9k | 0.5% | 1.2% |
| Osage | 46.5k | 0.3% | 1.1% |
| Stephens | 45.1k | 0.8% | 1.1% |
| Kay | 43.5k | -0.1% | 1.0% |
| Pittsburg | 43.3k | -0.1% | 1.0% |
| Delaware | 42.6k | 0.7% | 1.0% |
State economic profile
Oklahoma Demographics
In Oklahoma, 30.4% of the population has a Bachelors or higher. The largest ethnic group in Oklahoma is White, accounting for 60.8% of the state's population.
Education level in Oklahoma
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 30.4 |
| Other | 69.6 |
Race in Oklahoma
| Race | Share (%) |
|---|---|
| White | 60.8 |
| Other | 14.6 |
| Hispanic | 14.4 |
| Black | 7.5 |
| Asian | 2.8 |
Oklahoma State industry reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 631 Oklahoma industry reports.
Other states to explore
Compare Oklahoma’s economy with other states in the United States.
Cut through the noise with intelligence you can trust
