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The current-dollar [[gross state product]] of South Dakota was $39.8&nbsp;billion as of 2010, the fifth-smallest total state output in the U.S.<ref>{{cite web | title = Table 3. Current-Dollar GDP by State, 2007–2010 | publisher = [[Bureau of Economic Analysis]] | access-date = August 25, 2011 | url = https://www.bea.gov/newsreleases/regional/gdp_state/2011/pdf/gsp0611.pdf | archive-url = https://web.archive.org/web/20110719041705/http://www.bea.gov/newsreleases/regional/gdp_state/2011/pdf/gsp0611.pdf | archive-date = July 19, 2011 | df = mdy-all }}</ref> The [[Per capita personal income in the United States|per capita personal income]] was $38,865 in 2010, ranked 25th in the U.S.,<ref>{{cite web | title = SA1-3 Per capita income (dollars) | publisher = [[Bureau of Economic Analysis]] | access-date = August 25, 2011 | url = https://www.bea.gov/regional/spi/drill.cfm | archive-url = https://web.archive.org/web/20150923192707/http://www.bea.gov/regional/spi/drill.cfm | archive-date = September 23, 2015 | df = mdy-all }}</ref> and 12.5% of the population was below the poverty line in 2008.<ref>{{cite web | title = Persons Below Poverty Level, 2008 | publisher = [[United States Census Bureau]] | access-date = August 25, 2011 | url = https://www.census.gov/compendia/statab/2011/ranks/rank34.html | archive-url = https://web.archive.org/web/20110817031706/http://www.census.gov/compendia/statab/2011/ranks/rank34.html | archive-date = August 17, 2011 | df = mdy-all }}</ref> CNBC's list of "Top States for Business for 2010" has recognized South Dakota as the seventh-best state in the nation.<ref>[https://web.archive.org/web/20111226183123/http://www.cnbc.com/id/37516043 "America's Top States for Business 2010"]. . CNBC Special Report (2010): 1. Web. May 9, 2011.</ref> In July 2011, the state's unemployment rate was 4.7%.<ref>{{cite web | title = Local Area Unemployment Statistics | publisher = [[Bureau of Labor Statistics]] | access-date = May 9, 2011 | url = http://www.bls.gov/lau/ | archive-url = https://web.archive.org/web/20180725005015/https://www.bls.gov/lau/ | archive-date = July 25, 2018 | url-status = live }}</ref>
The current-dollar [[gross state product]] of South Dakota was $39.8&nbsp;billion as of 2010, the fifth-smallest total state output in the U.S.<ref>{{cite web | title = Table 3. Current-Dollar GDP by State, 2007–2010 | publisher = [[Bureau of Economic Analysis]] | access-date = August 25, 2011 | url = https://www.bea.gov/newsreleases/regional/gdp_state/2011/pdf/gsp0611.pdf | archive-url = https://web.archive.org/web/20110719041705/http://www.bea.gov/newsreleases/regional/gdp_state/2011/pdf/gsp0611.pdf | archive-date = July 19, 2011 | df = mdy-all }}</ref> The [[Per capita personal income in the United States|per capita personal income]] was $38,865 in 2010, ranked 25th in the U.S.,<ref>{{cite web | title = SA1-3 Per capita income (dollars) | publisher = [[Bureau of Economic Analysis]] | access-date = August 25, 2011 | url = https://www.bea.gov/regional/spi/drill.cfm | archive-url = https://web.archive.org/web/20150923192707/http://www.bea.gov/regional/spi/drill.cfm | archive-date = September 23, 2015 | df = mdy-all }}</ref> and 12.5% of the population was below the poverty line in 2008.<ref>{{cite web | title = Persons Below Poverty Level, 2008 | publisher = [[United States Census Bureau]] | access-date = August 25, 2011 | url = https://www.census.gov/compendia/statab/2011/ranks/rank34.html | archive-url = https://web.archive.org/web/20110817031706/http://www.census.gov/compendia/statab/2011/ranks/rank34.html | archive-date = August 17, 2011 | df = mdy-all }}</ref> CNBC's list of "Top States for Business for 2010" has recognized South Dakota as the seventh-best state in the nation.<ref>[https://web.archive.org/web/20111226183123/http://www.cnbc.com/id/37516043 "America's Top States for Business 2010"]. . CNBC Special Report (2010): 1. Web. May 9, 2011.</ref> In July 2011, the state's unemployment rate was 4.7%.<ref>{{cite web | title = Local Area Unemployment Statistics | publisher = [[Bureau of Labor Statistics]] | access-date = May 9, 2011 | url = http://www.bls.gov/lau/ | archive-url = https://web.archive.org/web/20180725005015/https://www.bls.gov/lau/ | archive-date = July 25, 2018 | url-status = live }}</ref>


The [[service industry]] is the largest economic contributor in South Dakota. This sector includes the retail, finance, and healthcare industries. [[Citibank]], which was at one time the largest bank holding company in the United States, established national banking operations in South Dakota in 1981 to take advantage of favorable banking regulations.<ref name=Citibank/> Today the [[trust fund]] industry manages hundreds of billions of dollars and is known as [[tax haven]] for foreigners.<ref>{{cite news |last=Bullough |first=Oliver |date=November 14, 2019 |title=The great American tax haven: why the super-rich love South Dakota |language=en-GB |work=[[The Guardian]] |url=https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws |access-date=October 21, 2023}}</ref> [[Government spending]] is another important segment of the state's economy, providing over ten percent of the gross state product. [[Ellsworth Air Force Base]], near Rapid City, is the second-largest single employer in the state.<ref>Reha, Bob. [http://news.minnesota.publicradio.org/features/2005/08/26_rehab_ellsworthopen/ "South Dakota's Ellsworth AFB to stay open"]. {{webarchive |url=https://web.archive.org/web/20070127161020/http://news.minnesota.publicradio.org/features/2005/08/26_rehab_ellsworthopen/ |date=January 27, 2007}}. [[Minnesota Public Radio]]. August 26, 2005. Accessed September 8, 2007.</ref>
The [[service industry]] is the largest economic contributor in South Dakota. This sector includes the retail, finance, and healthcare industries. [[Citibank]], which was at one time the largest bank holding company in the United States, established national banking operations in South Dakota in 1981 to take advantage of favorable banking regulations.<ref name=Citibank/> Today the [[trust fund]] industry manages hundreds of billions of dollars and is known as [[tax haven]] for foreigners.<ref>{{cite news |last=Bullough |first=Oliver |date=November 14, 2019 |title=The great American tax haven: why the super-rich love South Dakota |language=en-GB |work=The Guardian |url=https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws |access-date=October 21, 2023}}</ref> [[Government spending]] is another important segment of the state's economy, providing over ten percent of the gross state product. [[Ellsworth Air Force Base]], near Rapid City, is the second-largest single employer in the state.<ref>Reha, Bob. [http://news.minnesota.publicradio.org/features/2005/08/26_rehab_ellsworthopen/ "South Dakota's Ellsworth AFB to stay open"]. {{webarchive |url=https://web.archive.org/web/20070127161020/http://news.minnesota.publicradio.org/features/2005/08/26_rehab_ellsworthopen/ |date=January 27, 2007}}. [[Minnesota Public Radio]]. August 26, 2005. Accessed September 8, 2007.</ref>


[[File:SDethnl1.jpg|thumb|left|upright=1.15|[[Ethanol]] plant in [[Turner County, South Dakota|Turner County]]]]
[[File:SDethnl1.jpg|thumb|left|upright=1.15|[[Ethanol]] plant in [[Turner County, South Dakota|Turner County]]]]
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