Wyoming Second Fastest-Growing State in Second Quarter of 2019
Tuesday, November 26, 2019
According to the United States Bureau of Economic Analysis (BEA), Wyoming experienced the second-fastest growth in GDP in the second quarter of 2019, with a 4.2 percent increase – just behind Texas (4.7) and ahead of Alaska (4.1) and New Mexico (4.1).
The BEA cited natural resource development as the leading contributor to the economic growth in Wyoming, as well as in Texas, Alaska, and New Mexico.
“This report from the Bureau of Economic Analysis confirms what we already know here in Wyoming,” said Pete Obermueller, President of the Petroleum Association of Wyoming. “Resource development and specifically oil and natural gas, continues to be the primary driver of Wyoming’s economy. When the industry succeeds, Wyoming thrives.”
Category: WY Wyoming