Louisiana’s economy grew by 1.9 percent in 2014, falling behind a nationwide growth rate of 2.2 percent. The federal Bureau of Economic Analysis released the GDP numbers yesterday which attempt to determine the stratified economic output for each state. Louisiana’s numbers reflect a divide in the manufacturing sector. While the part that includes oil refiners and chemical makers performed well, the mining sector, including oil and gas drilling, shrank. Contracting government also contributed to a significant decline on overall output. Louisiana’s $251 billion economy ranked 19th among the states for growth.
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