Interesting item from Roby Brock on new data that shows only one metro area in Arkansas experienced GDP growth in 2008-09.
Go on. Guess.
Answer on the jump.
The Little Rock area was the only Arkansas metro region to see a GDP increase between 2008-2009, according to figures released Wednesday by the U.S. Bureau of Economic Analysis.
Northwest Arkansas saw its GDP fall from $16.214 billion in 2008 to $16.021 billion in 2009.
“Only the Little Rock-North Little Rock-Conway MSA showed positive growth in 2009 (+2.4%). This suggests that much of the growth revealed in the state-level GDP report for Arkansas was concentrated in the central part of the state,” Dr. Michael Pakko, chief economist and state economic forecaster at the Institute for Economic Advancement at the University of Arkansas at Little Rock, noted on his Arkansas Economist blog.