Make that eight arguments….
On December 23, the Bureau of Economic Analysis reported gross domestic product figures for each state from Quarter 2 to Quarter 3 of 2021. While U.S. GDP in Q3 grew at an annual rate of 2.3%, thirteen states saw economic production decline. South Dakota was one of those shrinkers:
Maybe Kristi Noem should wash her hands of her claim that “South Dakota has the strongest economy in the nation“… or insert the word she’s missing: South Dakota has the 45th strongest economy in the nation.
Related Data: According to the BEA, 2021 Q3 real GDP (in chained 2021 dollars) for the entire nation was 2.78% higher than 2020 Q1 GDP, just as the coronavirus pandemic wound up to deliver its serious economic haymaker. Since the beginning of the pandemic, South Dakota’s real GDP has increased only 0.73%.