I was remiss in not posting about this yesterday, but for the fourth time in a row, North Dakota lead the nation in economic growth according to the Bureau of Economic Analysis.
You can read the full press release here.
Here are some fun facts about North Dakota’s stunning economic growth:
- North Dakota’s GDP growth was 9.7 percent in 2013
- North Dakota’s growth rate was just over 4 times faster than the 2.5 percent growth rate for the plains region the state is a part of
- North Dakota’s growth rate was 5.4 times faster than the national average in 2013 which was 1.8 percent
- Over the last decade, from 2003 to 2013, North Dakota went from 33rd in the nation in per-capita GDP to #2
As you can see on the map above, the states that lead the nation in economic growth in 2013 were:
Obviously, the common theme in what’s driving the economies in those states is fossil fuel energy.