Arkansas Sees 36th Ranking In 2017 GDP Growth

Arkansas’ economy only saw a moderate 1.1% change in real domestic product (GDP) growth in 2017 as the state’s economic output ranked 36th among the 50 states, according to a state GDP report posted Friday (May 4) by the U.S. Bureau of Economic Analysis (BEA).

Nationwide, real GDP grew in 47 states and the District of Columbia in 2017 as the U.S. economy expanded at an annual rate of 2.1%, generating total economic output exceeding $78.3 trillion. The percent change in real GDP ranged from 4.4% in Washington to a 0.2% decline in Louisiana.

Arkansas’ economy did pick up steam in the final three months of 2017 with GDP at 2.5%. However, that respectable growth spurt was not able to offset the decline into negative territory in the third quarter at -1.9%. State GDP in the first and second quarters was 1.1% and 2.3%, respectively.   MORE

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