Kansas Economy Lags Behind Neighboring States
Associated Press - June 12, 2014 3:04 pm
Repeated misses in Kansas' monthly revenue projections has clouded the state's ability to balance budgets, and some lawmakers are thinking the process could use reform.
New federal statistics show Kansas’ gross domestic product grew slightly faster than the national average last year but still lagged behind most other states in the region.
The U.S. Department of Commerce says Kansas’ gross domestic product grew 1.9 percent in 2013.
GDP is the value of finished goods and services and is considered a key indicator of economic health.
The U.S. saw a 1.8 percent growth in its GDP last year.
But the statistics showed that among eight neighboring or Plains states, only Missouri saw lower GDP growth than Kansas, with 0.8 percent.
The top GDP growth in the region was North Dakota’s 9.7 percent, followed by Oklahoma at 4.2 percent and Colorado at 3.8 percent.