R.I. GDP grows at 2nd-fastest rate in N.E. in Q1

PBN Staff

06/25/2021

qgdpstate0621 — RHODE ISLAND GDP expanded at an annualized rate of 7.9% in the first quarter of 2021. / COURTESY BUREAU OF ECONOMIC ANALYSIS

PROVIDENCE – Rhode Island's gross domestic product increased at an estimated 7.9% annualized rate in the first quarter of 2021, the second-highest rate in New England, the Bureau of Economic Analysis said on Friday. Largely mirroring national GDP trends, Rhode Island’s GDP expanded at an annualized rate of 2.6% in the fourth quarter of 2020…

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