Governor Laura Kelly says according to data released by the Bureau of Economic Analysis (BEA), the Kansas economy grew 9.7% in the 3rd quarter of the year -- the fastest rate in the nation. In the 2nd quarter of the year, Kansas’ economy grew at the second-fastest rate in the nation, at 7.4%.
Robust agriculture, forestry, fishing, and hunting industries helped drive this economic growth; those industries decreased nationally and in 33 other states, but they were leading contributors to growth in Kansas.
Kansas also ranked third in the nation for growth in personal income, growing 4.9% during the 3rd quarter of the year. Farming, which decreased nationally and in 41 other states, was the leading contributor to the increased earnings in Kansas.
Kansas’ economic growth is measured by the change in its real gross domestic product (GDP), or the market value of goods and services produced in the state.