Arkansas GDP Grows 2.5% in Q1

Arkansas’ gross domestic product expanded by 2.5% during the first quarter of 2019, the highest quarterly growth rate for the state since the fourth quarter of 2016, Michael Pakko noted recently on his Arkansas Economist blog.

“While this represents solid growth, it fell short of the national growth rate of 3.1% in the first quarter,” said Pakko, state economic forecaster at the Arkansas Economic Development Institute at the University of Arkansas at Little Rock.

State growth rates ranged from a low of 1.2% in Hawaii to a high of 5.2% in West Virginia, according to data from the U.S. Bureau of Economic Analysis. Arkansas’ GDP expansion rate put it at number 38 among the 50 states.