Originally published: . Volume 10, No. 3. Source pages: 3.
Gov. Edwards Says State's GDP is Highest on Record, $252 Billion
On February 26 Gov. Edwards issued a statement on Louisiana’s Gross Domestic Product (GDP), $252 billion in the third quarter of 2018, which is the highest on record for the state.
“Louisiana enjoyed another quarter of economic growth, with a GDP that is higher than ever recorded. Continued growth is a sign that our economy is getting stronger and headed in the right direction, still we know there is more work to be done,” Gov. Edwards said. “We remain concerned about the impacts of tariffs on our economy and hope that our farmers and agribusinesses will see some relief soon.”
According to data from the U.S. Bureau of Economic Analysis, Louisiana’s real GDP increased by $2.3 billion from $249.7 billion in the second quarter of 2018 to $252 billion in the third quarter of 2018. Since last year, Louisiana’s GDP increased $15.5 billion, from $236.5 billion in the third quarter of 2017 to $252 billion in the third quarter of 2018.
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