State officials tout report of SC's GDP growth

Tools

COLUMBIA, S.C. (AP) — State officials are touting a U.S. Department of Commerce report that ranks South Carolina's economy as the 12th fastest growing in the nation.

Gov. Nikki Haley and state Commerce Secretary Bobby Hitt say that's proof the state's successfully growing its economy through manufacturing jobs.

The federal agency's Bureau of Economic Analysis released states' gross domestic product earlier this month. The report shows real GDP increased in all states except Maine.

South Carolina's production across all industries grew by 2.7 percent in 2012, equal to North Carolina. North Dakota ranked first at 13.4 percent growth, followed by Texas at 4.8 percent.

South Carolina's manufacturing sector grew 8.5 percent from 2011, ranking 17th highest nationally and first among East Coast states.

South Carolina's GDP per capita ranked fourth-lowest, at less than $32,000.

Add a comment

Name:

Comment: 1000 Characters Left

ABC Columbia and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

Most Popular

Columbia
Current: 51°
Clear
High: 57°
Low: 50°
Wind: 6 MPH
Pressure: 30.13
Humidity: 71 %

What's on WOLOTV Full Schedule