In the second quarter of 2023, the Kansas economy grew at the annual rate of 7.4 percent. Real Gross Domestic Product rose in 44 states, with Kansas ranking second.
In the second quarter of 2023, the Kansas economy grew at the annual rate of 7.4 percent in real (inflation-adjusted) dollars, according to statistics released by Bureau of Economic Analysis, a division of the United States Department of Commerce. BEA says, “Gross domestic product (GDP) by state is the market value of goods and services produced by the labor and property located in a state. GDP by state is the state counterpart of the nation’s GDP, the Bureau’s featured and most comprehensive measure of U.S. economic activity.”
GDP in Kansas for the second quarter was at the annual rate of $226,644 million in current dollars. (The first quarter consists of April, May, and June.) The Kansas growth rate of 7.4 percent ranked second among the states and District of Columbia. The national rate of growth was 2.1 percent, while the rate for the Plains states was also 2.1 percent. (For this data, BEA defines Plains states as Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.)
BEA is in the process of revising previous state GDP data, and I am not able to produce my usual charts at this time.
For the complete release at BEA, click on Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update.
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