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  • BEA: Thanks to Oil and Gas Growth, Mining Sector is Largest Contributor to U.S. GDP in Second QuarterNovember 30, 2017

    Expansion in the mining sector — which includes oil and gas development — was the driving force behind U.S. economic growth in the second quarter of 2017, new data from the Bureau of Economic Analysis (BEA) shows. BEA found that mining contributed to growth in all but one state in Q2 2017, led by increased oil and natural gas production nationwide. In fact, mining propelled North Dakota, Wyoming and Texas to experience the top three largest gross domestic product (GDP) increases in the second quarter.