According to data compiled by Visual Capitalist and released in an infographic earlier this month, Delaware had the Lowest Real Gross Domestic Product (GDP) of any state in the nation in 2023.
GDP is the total monetary value of all the finished goods and services produced within a particular jurisdiction over a specific period and functions as a broad measure of economic health.
Visual Capitalist noted that "while the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind. Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year, as a sluggish finance and insurance sector dampened the state’s economy."
Delaware was the only state posting a negative GDP growth rate. The First State's poor performance outpaced #2 on the list, Wisconsin, by more than a full percentage point.
Click here to see the complete post.
Graphic used with the permission of Visual Capitalist.
Do not miss other enlightening articles from the latest edition of the "Delaware House of Representatives NEWSLETTER":
House Passes Contested Bill to Mandate Abortion Coverage
Legislation Will Give Politically Appointed Board Financial Oversight of Hospitals
Legislation Seeks to Help Veterans Get the Assistance They Need
Consumer Protection Bill Clears House
The latest Newsletters from both the House and Senate Republican Caucuses are found on the GENERAL ASSEMBLY NEWS page. Look for NEWSLETTER buttons. Sign up for YOUR copy of the newsletters via buttons on webpage.