03/29/2024

California GDP lags in Q3 2016

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the third quarter of 2016, according to statistics on the geographic breakout of GDP released Thursday by the U.S. Bureau of Economic Analysis.

Real GDP by state growth ranged from 7.1 percent in South Dakota to -0.1 percent in New Mexico and Alaska.

California saw a 3.3 percent growth rate, 16th lowest in the nation, tied with Alabama, Pennsylvania and the District of Columbia.

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