Saturday, October 25, 2014

State falling behind on economy

By The Herald Staff | 6/13/2014

WASHINGTON — The Kansas economy is lagging behind its neighbors, according to a study by the U.S. Department of Commerce’s Bureau of Economic Analysis report.

Kansas’ Gross Domestic Product (GDP) grew 1.9 percent in 2013, falling behind many states in the central region of the country, according to the report. Kansas had the second lowest growth of states within the plains region — Missouri, Nebraska, North Dakota, South Dakota, Iowa, Minnesota and Kansas — only outpacing Missouri, which grew 0.8 percent.

WASHINGTON — The Kansas economy is lagging behind its neighbors, according to a study by the U.S. Department of Commerce’s Bureau of Economic Analysis report.

Kansas’ Gross Domestic Product (GDP) grew 1.9 percent in 2013, falling behind many states in the central region of the country, according to the report. Kansas had the second lowest growth of states within the plains region — Missouri, Nebraska, North Dakota, South Dakota, Iowa, Minnesota and Kansas — only outpacing Missouri, which grew 0.8 percent.

Kansas’ neighbors in other regions both outpaced the state by close to 2 percent: Colorado, 3.8 percent, and Oklahoma, 4.2 percent. But Kansas did outpace the national GDP of 1.8 percent growth.

The report said nondurable–goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth. Agriculture, forestry, fishing and hunting were the leading contributors to the plains region. The industry contributed 1.36 percentage points or more to growth in North Dakota, South Dakota, Iowa and Nebraska.

comments powered by Disqus