Report: Rhode Island Growth Lagging US

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A new report from the Rhode Island Public Expenditures Council finds that the state’s economic growth falls short of the US average on several measures. The report, Rhode Island 2026 Economic Prosperity Scorecard, uses publicly available data on state GDP, income and cost of living to show that Rhode Island’s GDP growth is lagging both that of its neighboring New England states and of the U.S as a whole. The study’s authors attribute some of this underperformance to the high percentage of the state’s GDP that is generated by health and education, which they consider to be low productivity sectors. The study also finds that while Rhode Island’s personal income measures put it in the top half of all states, the state’s relatively high cost of living drops its real personal income ranking to the bottom third of states.

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