Connecticut GDP Growing Half As Fast As U.S.
The monetary value of all the finished goods and services produced within Connecticut’s borders grew at rate in 2013 that was half as fast as the United States as a whole, according to data released Wednesday by the federal Bureau of Economic Analysis (BEA).
Connecticut’s Gross Domestic Product (GDP) for last year grew 0.9 percent compared to 2012 and resulted in the state being ranked 39th nationally. That tied Connecticut with Maine and New Hampshire for the lowest GDP growth rate in New England in 2013, the BEA said.
The GDP growth for the United States in 2013 was 1.8 percent above where it was the previous year. Alaska and the District of Columbia both saw their GDP decline in 2013 compared to 2012.
Click here to continue reading.