In the first quarter of 2019, the Kansas economy grew at the annual rate of 3.1 percent, up from 0.9 percent the previous quarter.
In the first quarter of 2019, the Kansas economy grew at the annual rate of 3.1 percent in real (inflation-adjusted) dollars, according to statistics released today by Bureau of Economic Analysis, a division of the United States Department of Commerce. GDP for the quarter was at the annual rate of $171,215 million.
The rate of 3.1 percent ranked twentieth among the states and matched the rate for the entire nation.
Quarterly GDP growth for states can be volatile, as shown in the chart.
Over the last eight quarters, Kansas has averaged quarterly growth rates of 1.3 percent in annual terms. For the nation, the rate was 2.9 percent. For the Plains states, it was 2.0 percent. (For this data, BEA defines Plains states as Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.)
For Kansas, industries that performed substantially better than the nation include agriculture, durable goods manufacturing, durable goods manufacturing, retail trade, and management of companies and enterprises.Learn how you can support the Voice for Liberty. Click here.