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The bureau reported that Ohio’s real Grossx Domestic Product, which totals goods and services produced and adjusted for shrank 0.7 percent last year after a 0.2 percen t gain in 2007. The national GDP, by stayed in growth mode but slowed toa 0.7 percenft gain, down from 2 percent in 2007. Ohio last year stoodf as one of only 12 stated to see negative GDP growth and notcherthe sixth-deepest decline. The largest drop came in Alaska at 2 percentr on a decline inpetroleu extraction. The bureau attributed GDP contractioh in the GreatLakes region, which includes Ohio and four neighborin states, to declines in manufacturingb and construction along with the finance and insurance industries.
Breakintg down the state’s economic output per capita, Ohio’s real GDP stooc at $33,568 last year, down from $33,829 in 2007. The state’d per-capita GDP was ranked 32nd in the The nationalaverage per-capita GDP was $37,899 in compared with $37,967 the year before, the bureau said. Detailec tables on real GDP for Ohio and the natiohn are available for download byclicking .
Monday, April 23, 2012
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