GDP in U.S. Grows 1.8% in 2013, Arkansas Sees 2.4% Rise

by Arkansas Business Staff  on Monday, Jun. 23, 2014 12:00 am  

Source: Bureau of Economic Analysis

Real gross domestic product grew 1.8 percent in the United States last year, a slowdown when compared with 2012, when GDP rose 2.5 percent.

In Arkansas, GDP rose 2.4 percent in 2013, compared with growth of only 1.1 percent in 2012. Last year’s performance ranked the state 16th in GDP growth. The Bureau of Economic Analysis released the figures earlier this month.

Real GDP rose in 49 states last year. Leading the growth nationwide were the following sectors: nondurable-goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing and hunting.

 

 

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