Garden State GDP is booming as New Jersey is benefiting tremendously from the national economic resurgence over the last few years. No wonder other States are trying to lure our businesses away!
“New Jersey’s gross domestic product grew the largest in the northeastern United States and beat the national average for the third quarter of 2019 – which runs July 30 to Sept. 30 – according to federal data. For that third quarter, the state’s GDP grew 2.3 percent, according to federal Bureau of Economic Analyses released Jan. 10, compared to the nationwide GDP average of 2.1 percent. The nearest state that saw higher growth than New Jersey was Tennessee, whose GDP grew 2.4 percent in the third quarter.”