State GDP rose in 2012
Published 5:00 am Friday, June 7, 2013
Oregon’s economy grew by 3.9 percent last year over 2011, ranking it third highest among the 50 states and Washington, D.C., according to data released Thursday.
Durable goods manufacturing fueled the state’s rise in gross domestic product, which measures the total value of all goods and services produced in an area over a certain time period. Economists view it as an indicator of economic health.
North Dakota and Texas, with growth rates of 13.4 percent and 4.8 percent, respectively, were ranked first and second, according to the figures released by the U.S. Bureau of Economic Analysis.