Tag: Bureau of Economic Analysis

Kansas GDP
Economics

Kansas GDP

In the third quarter of 2020, the Kansas economy grew at the annual rate of 34.3 percent, compared to contraction of 30.6 percent in the previous quarter. GDP grew in all states, with Kansas performing in the middle. In the third quarter of 2020, the Kansas economy grew at the annual rate of 34.3 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. This large growth overcomes the contraction of 30.3 percent in the second quarter. This pattern of large growth in the third quarter after second-quarter contraction was shown in all states, to varying magnitudes. GDP in Kansas for the quarter was at the annual rate of $175,465 million in current dollars, up from $161,464 the...
Kansas GDP
Economics

Kansas GDP

In the second quarter of 2020, the Kansas economy contracted at the annual rate of 30.3 percent, compared to contraction of 3.5 percent in the previous quarter. While GDP fell in all states, Kansas performed better than most, ranking nineteenth. In the second quarter of 2020, the Kansas economy contracted at the annual rate of 30.3 percent in real (inflation-adjusted) dollars, according to statistics released Friday by Bureau of Economic Analysis, a division of the United States Department of Commerce. GDP for the quarter was at the annual rate of $161,464 million in current dollars, down from $177,917 the previous quarter. The second quarter consists of the months of April, May, and June. This the second quarter to be affected by the response to the pandemic, as BEA noted in the relea...
Kansas GDP
Economics

Kansas GDP

In the first quarter of 2020, the Kansas economy contracted at the annual rate of 3.1 percent, compared to 2.1 percent growth in the previous quarter. While GDP fell in all states, Kansas performed relatively well, with only four states contracting less. In the first quarter of 2020, the Kansas economy contracted 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 $175,124 million. The first quarter consists of the months of January, February, and March. This the first quarter to be affected by the response to the pandemic, as BEA noted in the release: The 2020 Q1 estimates of GDP by state were...
Kansas GDP
Economics

Kansas GDP

In 2019, the Kansas economy grew at the annual rate of 0.9 percent, down from 2.1 percent the previous year, and ranked forty-fifth among the states. In the fourth quarter of 2019, the Kansas economy grew at the annual rate of 2.1 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 $175,703 million. (Click charts and tables for larger versions.) The Kansas rate of 2.1 percent ranked twenty-seventh among the states and was the same as the national rate. The Plains states grew at a rate of 1.7 percent. (For this data, BEA defines Plains states as Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.)...
Kansas GDP
Economics

Kansas GDP

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 fir...
Kansas GDP
Economics

Kansas GDP

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...
Kansas GDP
Economics

Kansas GDP

In the fourth quarter of 2018, the Kansas economy grew at the annual rate of 0.9 percent, down from 1.2 percent the previous quarter. In the fourth quarter of 2018, the Kansas economy grew at the annual rate of 0.9 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 $169,558 million. The rate of 0.9 percent ranked forty-fifth among the states. Quarterly GDP growth for states can be volatile, as shown in the nearby chart. Over the last eight quarters, Kansas has averaged quarterly growth rates of 0.5 percent in annual terms. For the nation, the rate was 2.7 percent. For the Plains states, it was 1.5 percent. (For this da...
Kansas GDP
Economics

Kansas GDP

In the third quarter of 2018, the Kansas economy grew at the annual rate of 2.3 percent, down from 4.7 percent the previous quarter. In the third quarter of 2018, the Kansas economy grew at the annual rate of 2.3 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 $165,415 million. The rate of 2.3 percent ranked thirty-eighth among the states. In the second quarter of 2018, Kansas GDP was seventh-best in the country. Quarterly GDP growth for states can be volatile, as shown in the nearby chart. For Kansas, industries that differed markedly from the nation include agriculture, durable goods manufacturing, real estate and r...
Kansas GDP growth spurt
Economics

Kansas GDP growth spurt

In the second quarter of 2018, the Kansas economy grew at the annual rate of 4.7 percent, the seventh-best rate in the nation. In the second quarter of 2018, the Kansas economy grew at the annual rate of 4.7 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 $164,018 million. This is a sharp jump in the rate of growth from the first quarter of 2018, when the rate was 0.5 percent, with only three states having lower rates. Quarterly GDP growth for states can be volatile, as shown in the nearby chart. For Kansas, industries that differed markedly from the nation include agriculture, forestry, fishing, and hunting, and dura...
Kansas GDP growth slows
Economics

Kansas GDP growth slows

In the first quarter of 2018, the Kansas economy grew at the annual rate of 0.5 percent in real terms, slowing from the previous quarter. In the first quarter of 2018, the Kansas economy grew at the annual rate of 0.5 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 $161,551 million. This is a decline in the rate of growth from the fourth quarter of 2017, when the rate was 2.3 percent. The first quarter numbers put Kansas in 47th position among the states, with only Arkansas, Idaho, and North Dakota posting lower numbers. Quarterly GDP can be volatile, as shown in the nearby chart. For Kansas, industries that differed ...
Personal income in Kansas and Wichita
Economics

Personal income in Kansas and Wichita

Personal income in Wichita and Kansas has declined. Today the Bureau of Economic Analysis, an agency of the United States Department of Commerce, released real personal income for the states and metropolitan areas. [1. Bureau of Economic Analysis. Real Personal Income for States and Metropolitan Areas, 2016. Available at https://www.bea.gov/newsreleases/regional/rpp/2018/pdf/rpp0518.pdf.] The data released today is through the complete year 2016. For the state of Kansas, real personal income declined from $137,975 million in 2015 to $137,307 in 2016, a decline of 0.5 percent. For the entire country, the growth was 1.1 percent. Among the states and DC, Kansas ranked forty-fifth in magnitude of change. For the Wichita metropolitan statistical area, real personal income declined from $30,9...
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