Virginia’s economy grew slightly in 2009
- November 18, 2010
Virginia was one of the few states that saw their economies grow last year, according to government statistics released Thursday.
Virginia’s real gross domestic product, the total value of goods and services it produced, rose slightly, just 0.2 percent, according to a report by the U.S. Bureau of Economic Analysis. Nonetheless, only nine other states and the District of Columbia saw any economic growth last year. Real GDP declined in 38 states and was flat in two others..
Most of the states with positive GDP numbers were in the South and Northern Plains, led by Oklahoma, whose economy grew 6.6 percent. The report said mining was the biggest contributor to growth in that state’s economy as well as in Wyoming (up 5.4 percent) and Louisiana (up 3.5 percent).
Others with positive GDP were: North Dakota (3.9 percent), Alaska (3.5 percent), South Dakota (2.2 percent), District of Columbia (0.8 percent), West Virginia (0.7 percent) and Nebraska (0.3 percent).
Among other neighboring states, Maryland’s GDP was flat in 2009, Kentucky was down 1.8 percent, Tennessee declined 3.1 percent, and North Carolina dropped 3.2 percent.
Michigan saw the greatest decline in its economy, down 5.2 percent.