Louisiana’s $249.7 million gross domestic product in the second quarter, as released by the Bureau of Economic Analysis, represents the highest figure on record for Louisiana, according to an announcement from Gov. John Bel Edwards.
The BEA recently released a report showing GDP growth for states for the second quarter of this year, showing Louisiana’s GDP grew a rate of 4.3%, outpacing the national average of 4.2%. The second quarter of 2018 had the highest quarterly GDP on record,
Edwards says, followed by the first quarter of 2018. Third highest was is the third quarter of 2014.
“Louisiana’s economy is continuing to recover, but we are making tremendous strides,” said Edwards in a prepared statement. “This latest report represents the highest our GDP has been since the state began recording this information. We are not out of the woods, but after reviewing this data, we have to acknowledge that Louisiana is on a much better path than it has been.”
