Nebraska Economic Growth: First Quarter of 2019
Nebraska Economic Growth: First Quarter of 2019
Nebraska’s real gross domestic product (GDP) grew 3.4% in the first quarter of 2019. This was the 16th highest in the nation according to the U.S. Bureau of Economic Analysis in their latest release of estimated state GDP numbers. All 50 states experienced positive real GDP growth ranging from 1.2% to 5.2%.
The biggest contributors to Nebraska’s real GDP growth were agriculture, forestry, fishing and hunting, as well as retail trade, and finance and insurance.
This is a strong start for the state of Nebraska which in the first quarter of 2018 only posted 0.7% real GDP growth. It should be noted however, that highs and lows are easily experienced from one quarter to the next.