ACROSS MISSISSIPPI — New figures show that Mississippi’s economy grew by 2.4 percent in 2012.
Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state.
Mississippi’s 2012 growth rate was close to the national average of 2.5 percent, and ranked 17th among the 50 states. That was a marked improvement from 2011, when Mississippi’s economy shrank by 1.1 percent, one of only five states to contract.
Federal figures show the biggest contributor to growth in Mississippi last year came from makers of durable goods such as cars.
Only three times in the last 15 years has Mississippi’s economy grown faster than the nation.
Mississippi retained the lowest per-capita gross domestic product of any state, at $28,944 per person.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info