Modest growth in states’ economies
Real Gross Domestic Product (GDP), the broadest measure of the nation’s economy, grew more slowly last year. GDP grew in 43 states and the District of Columbia in 2011 with a national average increase of 1.5 percent, according to an analysis of federal data by the Council of State Governments (CSG). That compared to a 3.1 percent average annual GDP increase for the states in 2010.
North Dakota posted the biggest year-over-year jump, with a 7.6 percent GDP increase over 2010. Other states experiencing big gains include Oregon, with a 4.7 percent increase, and West Virginia, 4.5 percent.
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