Louisiana’s gross domestic product — the measure of goods and services produced in the state — was in the top tier in the nation in 2009, according to an article in today’s Advocate citing the federal Bureau of Economic Analysis. The Bayou State also outpaced all other states in the southeastern U.S. The top-producing states were Oklahoma (6.6 percent), Wyoming (5.4), North Dakota (3.9) and Alaska (3.5).
According to the BEA analysis, Louisiana’s GDP rose 2.5 percent to $187.93 billion in 2009; 39 states showed declines. LSU economist Loren Scott, speaking to The Advocate, attributed the state’s positive growth to oil and gas, construction and the hospitality industries.
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