South Dakota’s GDP totaled slightly over $40.1 billion in 2011, an increase of nearly 5 percent.
“The growth of South Dakota’s Gross Domestic Product last year was impressive and exceeded the national average of 3.92 percent,” said Gov. Dennis Daugaard.
Especially impressive was the increase in durable manufacturing, the Governor said. Durable goods include manufactured equipment and products with a normal shelf life of three years or longer.
“South Dakota saw a measurable upswing in the durable manufacturing sector,” Gov. Daugaard said. “Companies like Angus Palm, Trail King, Adam’s Thermal Systems and Masaba are all leaders in helping South Dakota achieve this type of growth.”
Gross Domestic Product state statistics are released by the U.S. Department of Commerce’s Bureau of Economic Analysis as a measure of comprehensive economic activity. For more information about national and regional statistics, visit www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm.
South Dakota Gross State Product: (in current $)
•2011: $40.117 billion +4.98 percent •2010: $38.215 billion +3.22 percent •2009: $37.022 billion -0.66 percent •2008: $37.266 billion + 6.83 percent •2007: $34.885 billion + 7.99 percent •2006: $32.304 billion + 2.39 percent •2005: $31.549 billion + 3.21 percent •2004: $30.569 billion + 5.69 percent •2003: $28.922 billion + 4.75 percent •2002: $27.610 billion + 9.51 percent -30-