Wednesday, June 8, 2011PIERRE, S.D. – South Dakota’s Gross Domestic Product (GDP) saw an upswing in 2010. According to the 2010 GDP state-by-state report released this week by the U.S. Department of Commerce, South Dakota saw a 4.28% increase in economic output. GDP measures the state’s productivity by the value of goods and services it produces. “The new numbers show South Dakota’s GDP at $39.893 billion,” Gov. Dennis Daugaard said. “Ranked number 16 this year, South Dakota never experienced the sharp falls that other states suffered, and we continue to exceed the national average and post impressive rates of growth.” The Governor was encouraged by the numbers, including increases in some of South Dakota’s key industries like agriculture and manufacturing. “It’s interesting to note that during the recessionary time period of 2007-2010, South Dakota had the third highest percentage increase in GDP in the nation,” Governor Daugaard said. 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 http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm South Dakota Gross State Product: (in current $)
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