R.I. GDP increases at 2nd fastest annualized rate in N.E. in Q2

RHODE ISLAND real GDP increased at an annualized rate of 7.5% in the second quarter of 2021. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PROVIDENCE – Rhode Island’s annualized growth rate of real gross domestic product in second quarter was the ninth highest rate in the nation and second highest in New England, according to Bureau of Economic Analysis data released Friday. GDP in Rhode Island increased at an annualized rate of 7.5% in the second quarter, higher than…

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  1. Encouragingindicator since GDP growth is a better indicator of the health of the economy as opposed to unemployment %. Interesting to note that California’s growth outpaced that of both Texas and Florida, two states that did not strongly lock down during the pandemic. So much for that myth.