West Virginia GDP Ranking

By: The Associated Press Email
By: The Associated Press Email

CHARLESTON, W.Va. (AP) - New federal data shows West Virginia's economy ranks as the second smallest in the country.

U-S Bureau of Economic Analysis figures released today show the state's economy generated 24-thousand-748 dollars worth of goods and services per person in 2006. That ranks ahead of only Mississippi, with just over 24-thousand per person.

Delaware was number one, with per capita gross domestic product of more than 59-thousand dollars last year.

Still, West Virginia's economy did grow last year. G-D-P -- which is a measure of the market value of all final goods and services produced in the state -- grew zero-point-six percent in 2006. The economy grew three-point-two percent in 2004 and one-point-seven percent in 2005.

Coal was booming in 2004 and 2005 and last year's slowdown came as production began declining. West Virginia University economist George Hammond says coal remains a key part of the state's economy, even though its contribution often gets glossed over.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WSAZ NewsChannel 3 645 Fifth Avenue Huntington, WV 25701 304-697-4780 WSAZ Charleston 111 Columbia Avenue Charleston, WV 25302 304-344-3521
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 7888932 - wsaz.com/a?a=7888932