Mississippi one of two state economies to shrink in 2014 [View all]

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Source: Clarion-Ledger

Mississippi was one of two states whose gross domestic product decreased last year.

Alaska was the other.

The state's GDP, which measures economic output, shrank 1.2% in 2014, marking the second consecutive year of decline. Overall, U.S. GDP grew by 2.2% in 2014.

The revelation was included in data the federal Bureau of Economic Analysis released Wednesday. The decline put Mississippi 49th in the U.S. The state's GDP decreased 1.1% in 2013. The state also had the lowest GDP per capita ($31,551) in the country.

Read more: http://www.clarionledger.com/story/business/2015/06/10/mississippi-economy-shrink-2014/71011438/#