WASHINGTON, D.C. – Iowa has the lowest economic growth rate in the country at -2.3%, U. S. Commerce Department announced, with Texas at the top at +10.1%, for the 1st quarter of 2022.
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2021, as real GDP for the nation increased at an annual rate of 6.9 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 10.1 percent in Texas to –2.3 percent in Iowa.
Agriculture, forestry, fishing, and hunting was the leading contributor to decreases in real GDP in Iowa, North Dakota, and Nebraska.
Real GDP increased in all 50 states and the District of Columbia in 2021. The percent change in real GDP ranged from 8.6 percent in Tennessee to 0.3 percent in Alaska. Iowa’s sits at 6.4%.
7 thoughts on “U. S. Commerce Department: Iowa has the lowest economic growth rate in the country”
The Dept. of Commerce also released the 2021 GDP growth report by state. Iowa was ranked 11th in the nation at 6.4% for the year.
Yes, but things have slowed down ever since. This is Q1 2022. Maybe Iowa rises in the future.
Put up the other map which shows a 6.4% increase for 2021 that was 12th best in the nation.
Now you want stories about last year? Iowa holds the title right now for Q1 as worst economy for growth – that’s what this story is about.
You are too stupid to even comprehend the report. Stats for Q1 2022 won’t be released until June 30. The whole report was about last year, your first paragraph is idiocy.
The traditional rural ‘mindset’ stymies growth.
Stop it. Those ppl are salt of the earth with higher morals than any of the rest of us could dream of achieving. Practically sent here by God himself to guide us.