South Dakota’s real gross domestic product lagged behind most of the region and the resurgent nation in the second quarter of 2021. South Dakota’s annual rate of real GDP growth of 4.2% would usually be great news, but the United States as a whole posted 6.7% growth:
For all of South Dakota’s love of freedom and business, 41 states managed to post strong GDP growth, including Democratically-led New York, California, Washington, Michigan, and Minnesota.
Agriculture, forestry, fishing, and hunting buoyed South Dakota’s Q2 GDP growth, providing 2.22 percentage points of growth while contracting 0.14 percentage points nationwide. But South Dakota was sandbagged by underperformance relative to national GDP growth in many other areas:
|nondurable goods manufacturing||0.15||0.35|
|finance and insurance||0.07||0.3|
|real estate and rental and leasing||0.39||0.63|
|professional, scientific, and technical services||0.28||1.13|
|administrative and support and waste management and remediation services||0.06||0.31|
|health care and social assistance||0.06||0.42|
|arts, entertainment, and recreation||-0.17||0.12|
|accommodation and food services||0.92||1.7|
So whatever our Governor thinks she’s doing, she’s not making South Dakota’s economy grow faster than the rest of the nation.