Missouri’s gross domestic product dropped 2.2 percent between 2008 and 2009, according to new data from the U.S. Bureau of Economic Analysis.
Missouri is among 38 states in which real gross domestic product showed a percentage drop between 2008 and 2009. According to data released today by the U.S. Bureau of Economic Analysis, Missouri’s real GDP fell 2.2 percent to $36,420, or 36th among all states in 2009, according to a news release.
Delaware had the highest per capita real GDP at $62,080. And with $29,634, Mississippi’s was the lowest. Missouri also ranked No. 36 in 2008.
Nationwide, real GDP dropped 2.1 percent, led primarily by the decline in durable goods manufacturing and construction, the release said.
According to the advance statistical data, some sectors in Missouri, including agriculture, forestry and hunting; utilities; and finance and insurance, showed percentage growth, but the state’s real GDP was negatively affected by decreases in sectors including construction (-.44), durable goods manufacturing (-.46), and nondurable goods manufacturing, (-.99).[[In-content Ad]]
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