News
12:22 pm
Fri June 7, 2013

Feds Say Ohio's Economy Growing

The U.S. Bureau of Economic Analysis says Ohio's economy grew slightly last year for the third consecutive year.

Ohio's growth last year was less than the 2.9 percent increase in 2011. The state's growth has lagged behind the national average for 13 of the last 15 years. The state's real gross domestic product increase of 2.2 percent in 2012 lagged behind the national average of 2.5 percent. The real gross domestic product is the total value of all goods and services produced in the state, adjusted for inflation. The new and revised data shows in 2012 the RGDP was 435 billion dollars, up by 9 billion from 2011.