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Inside the Industry
Industry Overview
Establishments
Employment
Annual Pay
GDP by State
Establishments
From 2001-2006, the number of establishments engaged in Biotech activities in the state grew by 22.76%, outpacing the Nation’s growth of 13.74%.
| |
South Dakota
|
United States
|
| |
Number |
Growth |
Number |
Growth |
| 2001 |
126
|
-- |
52,305 |
-- |
| 2002 |
132 |
4.8% |
53,917 |
3.1% |
| 2003 |
136 |
3.0% |
54,755 |
1.6% |
| 2004 |
134 |
-1.5% |
56,057 |
2.4% |
| 2005 |
145 |
8.2% |
57,783 |
3.1% |
| 2006 |
151 |
4.1% |
59,492 |
3.0% |
| |
# Growth |
% Change |
# Growth |
% Change |
| 2001-2006 |
28 |
22.76% |
7,187 |
13.74% |
Source: SD Dept. of Labor, Labor Market Information Center, Covered Workers & Wages, March 25, 2008.
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Employment
From 2001-2006, the number of employees working in Biotech establishments in the state grew by 23.76%, far outpacing the Nation’s growth of 6.55%.
| |
South Dakota
|
United States
|
| |
Number |
Growth |
Number |
Growth |
| 2001 |
2,500
|
-- |
1,585,650 |
-- |
| 2002 |
2,512 |
0.5% |
1,598,752 |
0.8% |
| 2003 |
2,527 |
0.6% |
1,596,335 |
-0.2% |
| 2004 |
2,645 |
4.7% |
1,607,083 |
0.7% |
| 2005 |
2,738 |
3.5% |
1,646,262 |
2.4% |
| 2006 |
3,094 |
13.0% |
1,689,455 |
2.61% |
| |
# Growth |
% Change |
# Growth |
% Change |
| 2001-2006 |
594 |
23.76% |
103,805 |
6.55% |
Source: SD Dept. of Labor, Labor Market Information Center, Covered Workers & Wages, March 25, 2008.
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Annual Pay
From 2001-2006, the Annual Pay in the Biotech field in South Dakota grew by 24.97%, once again out pacing the Nation's growth of 20.21%.
| |
South Dakota
|
United States
|
| |
Number |
Growth |
Number |
Growth |
| 2001 |
$36,078
|
-- |
$54,307 |
-- |
| 2002 |
$36,796 |
2.0% |
$55,336 |
1.9% |
| 2003 |
$39,581 |
7.6% |
$57,616 |
4.1% |
| 2004 |
$39,091 |
-1.2% |
$61,422 |
6.6% |
| 2005 |
$41,087 |
5.1% |
$62,639 |
2.0% |
| 2006 |
$45,086 |
9.7% |
$65,281 |
4.2% |
| |
# Growth |
% Change |
# Growth |
% Change |
| 2001-2006 |
$9,008 |
24.97% |
$10,974 |
20.21% |
Source: SD Dept. of Labor, Labor Market Information Center, Covered Workers & Wages, March 25, 2008.
For greater detail on the biotech industry, including data by NAICS code, please select one of the following:  
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Gross Domestic Product (GDP)
From 2001-2005, the GDP in Biotech in South Dakota grew by 10.9%, while the Nation grew by 23.0%.
in millions of current dollars
| |
South Dakota
|
United States
|
| |
Number |
Growth |
Number |
Growth |
| 2001 |
$2,930
|
-- |
$1,282,839 |
-- |
| 2002 |
$3,706 |
26.5% |
$1,325,379 |
3.3% |
| 2003 |
$2,792 |
-24.7% |
$1,374,607 |
3.7% |
| 2004 |
$2,985 |
6.9% |
$1,455,437 |
5.9% |
| 2005 |
$3,248 |
8.8% |
$1,577,295 |
8.4% |
| |
# Growth |
% Change |
# Growth |
% Change |
| 2001-2005 |
$318 |
10.9% |
$294,456 |
23.0% |
Source: Bureau of Economic Analysis, GDP by State, July 26, 2007
GDP numbers may not accurately reflect the growth in the biotech sectors because of the broad coverage of 3-digit NAICS.
For greater detail on the Gross Domestic Product in the biotech industry, including data by NAICS code, please select one of the following:
Please refer to our technical notes for a list of the Codes used to classify the Biotech Industry.
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