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Oregon GDP growth second-best among states

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Wednesday, June 06, 2012

Oregon's real gross domestic product grew 4.7% in 2011, the second-best performance among the states.

“It’s still a long and slow recovery from an employment and income perspective, but our GDP has bounced back nicely,” said Josh Lehner, an economist with the Oregon Office of Economic Analysis.

Only North Dakota — with a GDP growth of 7.8 percent — bested Oregon. Mining contributed 2.81 percentage points to North Dakota’s real GDP.

In Oregon, durable goods manufacturing accounted for about 3.9 percentage points of the 4.7 percent in GDP growth.

Read more at The Statesman Journal.

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