Arkansas Ranks 48th in New Per Capita GDP Estimates - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Arkansas Ranks 48th in New Per Capita GDP Estimates

LITTLE ROCK, AR - Arkansas ranks No. 48 in the new U.S. Bureau of Economic Analysis estimates of states' per capita real gross domestic product.

The bureau says economic growth slowed in most states and regions of the country in 2007.  Nationally, real economic growth slowed from 3.1 percent in 2006 to two percent in 2007, the bureau announced Thursday.  The slowing was most pronounced in Arizona, California, Florida and Nevada, and the bureau said decreases in the construction industry was partly to blame.  Utah had the fastest economic growth at 5.3 percent.

In Arkansas, the 2007 real gross domestic product was $27,781, up from $27,631 a year prior.  Only West Virginia and Mississippi had lower GDPs.

Delaware had the highest GDP, at $56,496.  The national average was $38,020.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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