In the second quarter of 2019, the Kansas economy grew at the annual rate of 2.2 percent, up from a revised -1.1 percent the previous quarter.
In the second quarter of 2019, the Kansas economy grew at the annual rate of 2.2 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 $172,538 million.
The Kansas rate of 2.2 percent ranked fifteenth among the states and was higher than the national rate of 2.0 percent. The Plains states grew at the rate of 1.9 percent. (For this data, BEA defines Plains states as Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.)
Of note, GDP growth for Kansas in the first quarter of 2019 was revised from 3.1 percent to -1.1 percent, indicating a shrinking economy for that quarter. Revisions are common as more complete and more detailed data becomes available. For 2018, Kansas GDP was revised upwards by 0.8 percent to $168,318 in current (non-inflation adjusted) dollars.
Over the last ten quarters, Kansas has averaged quarterly growth rates of 0.9 percent in annual terms. For the nation, the rate was 2.5 percent. For the Plains states, it was 1.4 percent.Learn how you can support the Voice for Liberty. Click here.