GILLETTE, Wyo. — In its latest report, the Wyoming Economic Analysis Division says statewide taxable sales continued to decline and totaled $6.2 billion at the end of 2024.
According to the report, which based its figures on sales and use tax collections, total taxable sales in Wyoming decreased by 4%, marking the third consecutive decline since the first quarter of 2021.
Per the EAD, the weak performance was primarily caused by a 25.5% decline in taxable sales from the mining industry and a 24.3% decrease from the utilities sector. Despite this, increases were noted in most economic sectors in the state, with construction leading the way with growth measuring 15.9%.
Increases were also seen in wholesale trade, information and financial activities, the EAD said in the report, adding that the largest sector for taxable sales, retail trade, saw expansion totaling 2.1% at the end of 2024.
Across the state, less than half of all counties saw increases in taxable sales. The top performers included Hot Springs County at 19.6%, Big Horn County at 13.3%, Crook County at 13% and Park County at 10.4%, the EAD says, adding that the largest decrease was found in Albany County, where taxable sales fell by 30.3% due to the reduction in wind power.
