US report: Michigan economic growth outpacing nation since 2010, with 2 percent rise in 2013

Economic IndicatorsAssociated Press

A new federal report says Michigan's economy has continued its steady recovery from the Great Recession, growing 2 percent in 2013 and staging a faster comeback than the nation as a whole over a four-year span.

The U.S. Bureau of Economic Analysis said Thursday that the nation's gross domestic product grew 1.8 percent last year. It says Michigan's 2 percent economic growth rate was ahead of the five-state Great Lakes region as a whole, where it rose 1.6 percent.

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The report says Michigan's economy expanded 5.3 percent in 2010, 2.2 percent in 2011 and 1.5 percent in 2012. It says Michigan's gross domestic product was $408 billion in 2013, up from $386 billion in 2010.

The figures are in 2009 dollars.



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