The Fine Print: GDP Growth
Experts talk about the national economy, but economic statistics can vary widely across the U.S. The federal Bureau of Economic Analysis now reports inflation-adjusted (“real”) gross domestic product by state. The Q2 data, released in November, showed Minnesota posting 2 percent growth, matching the national average. Minnesota ranked 16th overall among the 50 states. Everyone was doing better a year ago. For the second quarter of 2018, we posted GDP growth of 4.8 percent, topping the national average of 3.5 percent.