Indiana’s Gross Domestic Product is on the rise. The Bureau of Economic Analysis reports the state now ranks 30th in the U.S. with a second quarter GDP of 3.6 percent. In the same period last year, Indiana’s GDP was -0.8 percent and in the first quarter of the year it was 3 percent.
Most of Indiana’s neighbors in the Great Lakes Region came in around the same or higher in Q2: Michigan led the way in the region at 5.4 percent, followed by Ohio at 3.7 percent and Illinois at 3.6 percent. Wisconsin was near the bottom of the country at 2.8 percent.
Texas was number one in the U.S. at 6 percent and Delaware was last at 2.8 percent. GDP measures the market value of goods and services produced by the labor and property located in a state. The second quarter average for the country was 4.2 percent.
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