The Black Hills Knowledge Network provides GDP data showing that South Dakota’s economy under Governor Dennis Daugaard has not performed as well as the national economy under President Barack Obama:
The Daugaard Administration began with a remarkable 5% GDP growth in 2011. But as the Governor’s 10% cuts in the FY2012 state budget set in, so did a recession, with South Dakota’s real-dollar GDP shrinking 0.9% in 2012. South Dakota’s GDP won back that 0.9% in 2013, then crawled up another 0.6% in 2014.
Over the same period, the national GDP has been recovering at between 1.4% and 2.2% a year.
Nearly all of South Dakota’s economic growth under Daugaard happened in 2011. Net GDP growth since 2010 is 5.6% for South Dakota and 7.8% for the U.S.
One could argue that the comparison is unfair because Governor Daugaard is competing against really strong growth preceding his administration, while President Obama is posting growth over the declining numbers with which the Bush Administration and the housing bubble saddled him in 2008 and 2009. But one could also argue that Governor Daugaard has had a harder time keeping up with previous growth rates than President Obama has. Under the Daugaard Administration, South Dakota’s GDP has averaged 1.4% growth each year. At the same time, national GDP growth has averaged 1.9% each year. Pre-Daugaard, from 1997 through 2010, our state GDP growth averaged 4.0% a year.
If we get creative and don’t give administrations credit for their first years, when they are operating in part under the budgets of their predecessors, Governor Daugaard’s average annual GDP growth is 0.2%, while President Obama’s is 2.0%. Governor Daugaard is 3.8 percentage points below the late-Janklow/Rounds-era GDP performance, while President Obama is just 0.2 percentage points behind the pace set by the late-Clinton/Bush2-era.
While America recovers under President Obama, South Dakota sputters under Governor Daugaard.