State GDP grows, positive sign for the economy

Good news for the West Virginia economy. The state's real gross domestic product, or GDP, grew by four and a half percent in 2011. The US Bureau of Economic Analysis released the numbers this week and said West Virginia's growth was good for the third highest marks in the nation. North Dakota was number one with a 7.6 increase in GDP, followed by Oregon with a 4.7 percent rise. Wyoming's economy shrunk by 1.2 percent, and that state came in last. The Gross Domestic Product is the broadest measure of a state's economy and is the total market value of all goods and services produced within the borders.