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The Bureau of Economic Analysis released its first quarter 2016 data, showing North Carolina among 37 states, as well as the District of Columbia, with an increase in gross domestic product (GDP).
Our state had a 1.4% increase in GDP. This nominal growth ranks North Carolina as 26th in the country, but our state’s economy ranks as the second largest in the Southeast region, behind Florida, and eighth in the nation overall.
The Bureau of Economic Analysis defines GDP by state as “the market value of goods and services produced by the labor and property located in a state.”
– Deneen Bloom, S&A Communications