Kansas tops nation in economic growth over Fall 2023
New data released by the Bureau of Economic Analysis (BEA) shows the Kansas economy grew by 9.7% in the 3rd quarter of 2023 — the fastest rate in the nation.
This improves on an already impressive record of economic growth; in the 2nd quarter of 2023, Kansas’ economy grew at the second-fastest rate in the nation at 7.4%.
“This data shows that our efforts to support businesses, create a stable economy, and grow our workforce are paying off,” Governor Laura Kelly said. “Now, Kansas is outstripping the entire nation in economic growth and attracting business investment. Last week, I announced Kansas surpassed $18 billion in business investment since I took office in 2019. It’s clear we have the momentum to continue this trajectory of economic success into 2024 and beyond.”
Kansas’ economic growth is measured by the change in its real gross domestic product (GDP), or the market value of goods and services produced in the state. The second quarter of 2023 included April through June; the third quarter included July through September.
The data shows Missouri saw a 4% growth, Oklahoma saw 6% and Arkansas came in last at just 0.7%.
