Wisconsin’s GDP growth last year was best since 2010
Thursday, May 02, 2019
State had second strongest growth in Midwest
Wisconsin’s real gross domestic product grew 2.5% in 2018, the second largest increase in the Midwest and the state’s strongest year of economic growth since 2010.
The 2018 growth rate marks the first time Wisconsin’s real GDP has increased by more than 2% in a year since 2011. After two years of negative growth in 2008 and 2009, Wisconsin posted 3% growth in 2010 and 2.1% in 2011. From 2012 to 2017, the state averaged 1.3% annual growth.
Wisconsin now ranks 17th in the country last year for economic growth. The U.S. economy as a whole grew 2.9% last year while the Great Lakes region grew 2.2%, according to data from the U.S. Bureau of Economic Analysis.