© 2024 Maine Public | Registered 501(c)(3) EIN: 22-3171529
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Scroll down to see all available streams.

New Figures Show Maine’s GDP Growth Was Flat From January To March

Maine’s economy stood still in the first quarter of this year.

Figures released Wednesday by the Bureau of Economic Analysis showed the state’s gross domestic product had a growth rate of zero from January through March, placing Maine 43rd among the states.

New Hampshire grew, but only at an .8 percent rate, 34th best in the country. Nationally, the GDP grew just 1.2 percent in the first quarter. And there were four states, all in the Plains, whose economic output shrank in the first three months of the year.