Tuesday, June 12, 2012

States with the fastest growing economies via MSNBC.com

In 2011, the U.S. economy grew for the second straight year, although at a slower pace than in 2010. According to figures released by the Bureau of Economic Analysis, U.S. GDP increased 1.5 percent — less than half the 3.1 percent growth in the previous year. Still, this shows the economy is moving in the right direction.

The biggest contributors the nation’s economic growth were professional, scientific and technical services and the information sector, which represented 24.7 percent and 14.7 percent of total U.S. GDP growth, respectively. By far, the most significant growth industry was durable goods manufacturing, which contributed to nearly a third of total GDP growth. A state-level review shows that just a handful of the states are responsible for the lion’s share of national GDP growth. 24/7 Wall St. performed an analysis of the 11 states with the largest GDP growth in the country last year.

Read more...States with the fastest growing economies - Bottom Line via MSNBC.com

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