10 Fastest-Growing Economies by State Some of the states seeing the biggest increases are expanding due to booming energy industries, such as in Texas and North Dakota. Population growth is also fueling some economies. The top five states for GDP growth were also among the five largest for population growth last year. “You’re going to find border states with heavy immigrant presence generating faster population growth,” says Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities. The following are the states with the fastest growing economies, based on GDP growth. 1. North Dakota GDP growth: 13.4% 1-year population change: 2.17% 2. Texas GDP growth: 4.8% 1-year population change: 1.67% 3. Oregon GDP growth: 3.9% 1-year population change: 0.80% 4. Washington GDP growth: 3.6% 1-year population change: 1.08% 5. Minnesota GDP growth: 3.5% 1-year population change: 0.60% 6. California GDP growth: 3.5% 1-year population change: 0.95% 7. Utah GDP growth: 3.4% 1-year population change: 1.45% 8. Indiana GDP growth: 3.3% 1-year population change: 0.32% 9. Tennessee GDP growth: 3.3% 1-year population change: 0.88% 10. West Virginia GDP growth: 3.3% 1-year population change: 0.03% Source: “Top states with the fastest growing economies,” 24/7 Wall St. (June 15, 2013)
Posted on: Mon, 17 Jun 2013 15:48:06 +0000
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