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Bruce Yandle: South Carolina Digest - June 2011 - South Carolina's economy is getting in gear..., finally.

Submitted by: John Warner on Jun 14, 2011 at 9:28 am Tagged with: Economics Source: Clemson University

South Carolina's economy is getting in gear..., finally.

Good news on the economy is about as hard to find as an ivory-billed woodpecker. So when there is a sighting, it needs to be shared. Here's the good news. South Carolina's economy has turned some important corners. State GDP growth, a fundamental measure of economic health, has turned positive. The left-most map below shows average state GDP growth for the years 2005 through 2010. South Carolina's growth is negative for that five-year period.
The happier right-hand map shows GDP growth for the most recent year, 2009-2010.

Celebrate! The state has finally moved into positive growth territory. It was a long trip.

See the rest of the report.