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Kansas GDP

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In the fourth quarter of 2018, the Kansas economy grew at the annual rate of 0.9 percent, down from 1.2 percent the previous quarter.

In the fourth quarter of 2018, the Kansas economy grew at the annual rate of 0.9 percent in real (inflation-adjusted) dollars, according to statistics released today by Bureau of Economic Analysis, a division of the United States Department of Commerce. GDP for the quarter was at the annual rate of $169,558 million.

The rate of 0.9 percent ranked forty-fifth among the states.

Quarterly GDP growth for states can be volatile, as shown in the nearby chart.

Over the last eight quarters, Kansas has averaged quarterly growth rates of 0.5 percent in annual terms. For the nation, the rate was 2.7 percent. For the Plains states, it was 1.5 percent. (For this data, BEA defines Plains states as Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.)

For Kansas, industries that differed markedly from the nation include agriculture, utilities, construction, nondurable goods manufacturing, educational services, and government and government enterprises.



Source: https://wichitaliberty.org/economics/kansas-gdp-2018-q4/


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