Kansas leader in economic, income growth in 1st quarter of 2023

Kansas leader in economic, income growth in 1st quarter of 2023

Kansas leader in economic, income growth in 1st quarter of 2023

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Kansas ranked fourth in the nation for personal income growth and seventh in the nation for economic growth in the first quarter of 2023, according to a report released by the Bureau of Economic Analysis (BEA).

Kansas’ real gross domestic product (GDP), or the market value of goods and services produced in the state, grew by 6.0% from the fourth quarter of 2022 when adjusted for inflation, triple the national average of 2.0%.  

Personal income in Kansas grew by 8.4% over the same period, surpassing the national rate of 5.1%.  

The report also showed that agriculture, forestry, fishing, and hunting were the lead contributors to growth in states including Kansas.

Read more from the BEA here 

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