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North Dakota leads states in economic growth

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BISMARCK – For the third straight year, North Dakota’s economy has outpaced all other states, a report from the U.S. Bureau of Economic Analysis shows.

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North Dakota’s gross domestic product, which measures total economic production, increased to $38.7 billion in 2012, a 13.4 percent jump from 2011, the report stated.

Texas had the second-strongest state economy with a growth rate of 4.8 percent.

The country’s average GDP growth rate was 2.5 percent in 2012.

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