NC Budget and Tax Center

North Carolina’s productivity is slowing, lagging behind much of the South

Last week, the Bureau of Economic Analysis released the latest data on economic growth measured by the production of goods and services for all 50 states.  North Carolina’s annual growth rate of 1.6 percent ranked the state 19th in the country.  This was below other Southeastern states (1.8 percent) and slightly above the national average (1.5 percent).

North Carolina’s economic performance on this measure is falling short of its potential even in comparison to the South. Neighboring states of South Carolina and Tennessee outperformed the Old North State, as did Georgia.

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