12:46pm

Wed June 8, 2011
Planet Money

How's The Economy In Your State?

The economy grew in 48 states last year. But for the most part, it didn't grow much:

The economy in most states grew by less than 2.2 percent. That's pretty weak: The long-term national average is about 3 percent.

Nevada, hit especially hard by the housing bust, actually saw its economy shrink last year. (Wyoming is the other state where the economy shrank.)

North Dakota is in the midst of an oil boom; its 7.1 percent growth was the highest in the country. New York had the second-highest growth rate, driven by the comeback in the finance industry.

Here's more from the BEA.

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