FEDS SAY NEBRASKA’S GDP GREW BY 5.2% IN Q2 AFTER SHRINKING TO START YEAR

LINCOLN — After having the biggest gross domestic product loss among states at the start of this year, Nebraska tied for the sixth-highest GDP gains during the second quarter. 

The latest report from the U.S. Bureau of Economic Analysis shared that Nebraska’s GDP rose roughly 5.2% in April, May, and June. The real GDP nationally rose 3.8%, following a slower growth of 0.5% in the first quarter. GDP represents the total market value of goods and services produced during a specific time period.

“This report points to the underlying strength of Nebraska’s economy — one driven by agriculture, value-added processes, biofuels, manufacturing, financial services, healthcare, and other key components,” Gov. Jim Pillen said in a statement. 

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