The folks at Opportunity Ohio have compiled a 50-state analysis of state GDP growth, breaking the growth rates down into 16-year, 4-year, and 2-year periods. You can see the breakdown here.
Looking at North Carolina’s growth rates over the various time horizons is interesting. NC’s growth rate over the past 16 years (1997-2013) ranks 23rd, right about the middle of the pack. Our growth rate looking at the past 4 years, however, drops to 28th. But then focusing on just the last two years (2011-13), NC’s growth rate rises to 12th best in the nation.
Do policy changes help explain the improved relative growth rate in the last 2 years?
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