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WV Shows GDP Growth

The U.S. Department of Commerce announced that West Virginia topped the nation in growth of gross domestic product for the first quarter of 2019.

West Virginia’s nation leading percent change from the last few months of 2018 to the first few months of 2019 was 5.2 percent.

Gross domestic product is the total monetary or market value of all the finished goods and services produced within a specific time period.

So changes from period to period can be subject to fluctuation. Percent change depends on the economic conditions of the prior period up against the current conditions.

Nevertheless, the snapshot of growth is welcome compared to the economic doldrums West Virginia faced just a few years ago.