R.I. GDP up 5.3% over year, highest increase in New England

RHODE ISLAND real GDP increased 1.3 percent from the fourth quarter of 2017 to the first quarter of 2018 and 5.3 percent year over year to an annual rate of $61.3 billion, accounting for 0.3 percent of total U.S. GDP. / COURTESY BUREAU OF ECONOMIC ANALYSIS
RHODE ISLAND real GDP increased 1.3 percent from the fourth quarter of 2017 to the first quarter of 2018 and 5.3 percent year over year to an annual rate of $61.3 billion, accounting for 0.3 percent of total U.S. GDP. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PROVIDENCE – Rhode Island’s real Gross Domestic Product increased 1.3 percent in the first quarter of 2018, seasonally adjusted, the fourth-highest quarterly growth rate in New England and 35th-highest among the 50 states, according to the Bureau of Economic Analysis Tuesday. United States real GDP increased at 1.8 percent in the first three months of the…

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