BEA: State’s economy grew by 2.4 percent in 2012
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Once the bane of only Southerners, kudzu is migrating north and west
- Senators push for protecting steel producers from imported rebar
- SouthGroup Insurance named to 'Best Practices' study