Oregon economy growing at nation’s second-fastest rate

Oregon’s economic growth outpaced all but North Dakota’s in 2011, thanks to manufacturing gains.

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Oregon’s economic growth outpaced all but North Dakota’s in 2011, thanks to manufacturing gains.

The state’s real gross domestic product totaled $186.2 billion last year, according to data released Tuesday, growing 4.7 percent from the previous year. The rate more than triples the U.S. average and falls behind only North Dakota and its oil-fueled 7.6 percent gain.

The high-tech sector helped speed Oregon’s economic growth in relation to other states, economists say, but it doesn’t paint the full picture of the state’s economy.

Read more at OregonLive.com.

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