Iowa Last In GDP Growth, 4th Quarter 2021

Not sure what exactly to make of the map below. It is from the Bureau of Economic Analysis (bea.gov). Here is the description from the site.

 Gross Domestic Product by State, 4th Quarter 2021 and Year 2021 (Preliminary)

Texas had the largest increase in the fourth quarter

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2021, as real GDP for the nation increased at an annual rate of 6.9 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 10.1 percent in Texas to –2.3 percent in Iowa (table 1).

Admittedly, this is only a snapshot for a short period of time, the last quarter of 2021. Yet this was at a time when the country was booming. The country is still booming, but we seem to be headed the wrong way.

Iowa’s legislature seems to be doing all it can to turn the state over to the wealthy while letting it be known that poor and working class are not much appreciated.

Cutting unemployment insurance, running teachers off the job with crazy threats of jail, big tax cuts for the rich – add it all together and it feels like an economy that is out of balance. Iowa is one of only 3 states with a negative growth, joining Nebraska and North Dakota. South Dakota is barely positive.

This came out March 31. The website says the next update will be June 30th

About Dave Bradley

retired in West Liberty
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