Indiana’s Economic Front Looking Positive

There’s good news for Hoosiers on the economic front, according to Fifth District State Senator Ed Charbonneau (R-Valparaiso).

First, Charbonneau points out that Indiana’s real gross domestic product grew at a remarkable rate of 4.6% in 2010. In comparison, other states averaged 2.6 percent GDP improvements. Indiana and Oregon led the nation in durable goods manufacturing with statistically twice the growth of our closest state competitors in that industry. In the Great Lakes region, Michigan had a GDP of 2.9%; Wisconsin 2.5%; and Illinois, 1.9%. Nationwide, only New York and North Dakota experienced GDP growth outpacing that of Indiana.

Also Indiana’s credit was reaffirmed as AAA, the highest rating granted by Standard and Poor. Only nine other states nationwide achieved this honor. No other great lakes state fared as well.