Negative GDP growth a red flag for South Dakota's economy

State's budget chief argues it's just one indicator that will get revised with better data

Jim Terwilliger, commissioner of the Bureau of Finance and Management, testifying at the state Capitol in 2023.

South Dakota saw a decrease in gross domestic product in the final quarter of 2022, the U.S. Bureau of Economic Analysis reported, raising a red flag on the state’s underlying economic health.

The 4.3 percent decrease in GDP was the worst performance of any state in the country. Just three states registered decreases in GDP, but South Dakota saw the steepest decline.

Nebraska and Iowa also registered decreases in GDP.

NEWS: Noem breaks silence on criminal charges against ally, former President Donald Trump