Following a surge of growth in 2010, Louisiana’s real growth domestic product last year grew by a modest 0.5%—a middle-of-the-pack rate for the southeastern region of the United States, according to the U.S. Department of Commerce. The tepid growth was nonetheless ahead of rates seen in Mississippi, Alabama, Arkansas and Virginia, according to a report by the department’s Bureau of Economic Analysis, while keeping pace with Florida and Kentucky. West Virginia led the pack with 4.5% growth. Among the 12 states in the region, Louisiana ranked No. 6 in dollars of GDP in 2011: $205.8 billion. Florida led the region with $661 billion. Louisiana had made a 9.4% change in growth in 2010, with $204.8 billion compared to $187.2 billion in 2009. Real GDP across the United States grew by 1.5% in 2011 after a 3.1% increase in 2010, according to the report, which can be read in its entirety here.
Louisiana GDP grew by 0.5% in 2011
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
