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June 5, 2012
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BEA says California GDP in top fifth nationally in 2011

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Written by: shelley
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The federal Bureau of Economic Analysis released a report today that says that California ranked in the top fifth nationally for economic growth in 2011.

That sounds good, until you realize that the national growth rate was a weak 1.5%, down from 3.1% the previous year. In 2010, the Far West’s economy shrank by 3.8%.

The BEA report’s tables show that California’s economy has grown for the last two years, but not robustly: 1.7% in 2010 and 2.0% in 2011. The state’s economy shrank by 0.4% in 2008 and by a chilling 4.7% in 2009.

So toss a (tiny) handful of confetti, toot your horn (off-key) and get back to work (if you’ve got a job) — and go vote!

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Graphic of Far West 2011 GDP growth courtesy of BEA.

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About the Author

shelley
Shelley Henderson is a reformed computer and networking geek turned freelance writer. Now she only fixes her own networks and computers. That leaves time for writing, and writing and more writing. And editing the Orange County Breeze. Shelley most enjoys visiting and finding out about local businesses to write business profiles that allow our communities to learn more about their local businesses and the people who own and run them. If you own or manage a business in our coverage area and would like to invite Shelley to write a business profile, let us know.
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