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Gross receipts show slowdown in 2020

gross receipts

gross receipts

OKLAHOMA CITY – As the state endured a pandemic, high unemployment and an oil downturn, Gross Receipts to the Treasury show the Oklahoma economy pulled back by almost four percent during calendar year 2020, State Treasurer Randy McDaniel announced today.

Collections from all sources in calendar year 2020 reached $13.19 billion, down by $520.9 million, or 3.8 percent, from calendar year 2019. Gross receipts from December total $1.16 billion, below December receipts from a year ago by 4.8 million, or 0.4 percent.

“The state’s economy declined in 2020, but was bolstered by the resourcefulness of Oklahomans,” McDaniel said. “The state has exceeded expectations during a year most of us would like to forget. Hopefully, we will see improvement in the months ahead as the vaccine becomes widely available.”

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