How Tensas Parish, Louisiana's GDP has changed since 2018
How Tensas Parish, Louisiana's GDP has changed since 2018
Tensas Parish's GDP was $140 million in 2022鈥攖he #64 highest out of 64 parishes in the state. Louisiana's overall GDP was $292 billion for the year, with Tensas Parish's making up 0.0% of it.
Tensas Parish's GDP fell about 8% from 2018 to 2022, adjusted for inflation, while the state's GDP fell about 2%.
Gross domestic product is the dollar amount that measures how many goods and services businesses created in a given time period. It's measured quarterly but also often talked about in annual terms.
It's of particular importance to world leaders and economists because a declining measurement for two consecutive quarters can mean that the country is in a recession鈥攁 significant decline in overall economic activity that creates pain for workers.
But it can be difficult to wrap our heads around how much our immediate communities contribute to that larger national picture and what kinds of work drive economic advancement for the places we live. That's why used data from the to illustrate how the GDP in Tensas Parish has changed in the past five years.
Concerns about dropping GDP today are somewhat different than in 2020, when the U.S. last entered a recession, though they are linked.
Paralyzed by the COVID-19 pandemic, U.S. businesses produced sharply fewer goods and services between the end of 2019 and the second half of 2020. A historic number of workers were laid off by their employers in the spring, swamping states' welfare programs.
By summer, however, American businesses had shifted how they operated and began rehiring and reopening. Some moved to providing services remotely, and those who couldn't put health safety policies in place in warehouses, restaurants, and other in-person workplaces with varying degrees of success.
By and large, Americans continued to work through the worst of the public health disaster, which has to date鈥攎ore than the deaths involved in any single war since the country's founding. As they worked, Congress passed trillions in stimulus money meant to prop up the economy and keep Americans' wallets lined so that they could continue showing up to work and spending. And the U.S. GDP .
That additional money added to the economy to get through the pandemic also sent prices higher, diluting Americans' ability to buy goods and services. This led economic policymakers to adjust interest rates beginning in 2022 in order to keep inflation under control. Now analysts and world leaders are concerned about .
This story features data reporting by Paxtyn Merten, writing by Dom DiFurio, and is part of a series utilizing data automation across 3,099 counties.