Mississippi economy ekes out 0.7 percent growth in 2015

Source: MGN Online
Source: MGN Online(WTOK)
Published: Jun. 15, 2016 at 10:24 AM CDT
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New figures show Mississippi's economic growth trailed the national average in 2015, although it was an improvement over 2014.

Gross domestic product numbers released by the federal Bureau of Economic Analysis try to measure all of the economic output of each state.

Mississippi's economy grew 0.7 percent in 2015, compared to a 0.3 percent decrease in output in 2014. Growth was led by agriculture and non-durable goods manufacturing

Nationwide, economic output rose 2.4 percent during 2015. Mississippi, with a $108 billion-plus economy, tied for 41st for growth among states.

California and Oregon grew the most, 4.1 percent. Economies shrank in Alaska and North Dakota, states most dependent on oil.

Mississippi retained the lowest per-capita gross domestic product of any state, $31,894.