South Dakota economy second least impacted by COVID-19 in first quarter
PIERRE, S.D. — On Tuesday, the Bureau of Economic Analysis (BEA) announced the South Dakota contracted 2.2% of its economy, the second least in the country following only Nebraska.
The BEA released the state gross domestic product (GDP) decreases for all 50 states for the first quarter which covers January through March.
“The credit here goes to the people of South Dakota,” said Governor Kristi Noem. “Obviously, our low taxes and reasonable regulatory environment put us in a really good position to bounce back from this pandemic. We have trusted our people to do the right things for themselves, their loved ones, and – in turn – their communities, and we will continue to do so.”