North Carolina economic growth lags behind region, country

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While the economic picture certainly looks much better now than it did a few years ago, North Carolina is falling behind its peers in economic growth. Ranking 7th in the southeast, and 25th in the nation, the state's 1.4 percent growth in gross domestic product (GDP) for 2014 trail the average for the southeast (1.7 percent) and the county (2.2 percent).

From the Triad Business Journal

Compared to the average growth, however, North Carolina comes up shorter. The 1.4 percent growth here is behind both the Southeast’s 1.7 percent and the nation’s 2.2 percent growth in 2014.

In real terms, North Carolina’s GDP hit $440 billion in 2014, which is up 4.3 percent from 2011 when the GDP was $422 billion. Even that figure trails both the region and state as the Southeast GDP has grown 4.4 percent in that time and the nation has grown 6.3 percent. The nation's GDP hit $15.8 trillion last year.


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