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Gross Domestic Product by State, 3rd quarter 2018

Summary:
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia (table 1). Wholesale trade, information services, finance and insurance, and retail trade were the leading contributors to the increase in real GDP nationally (table 2). Information services and retail trade were the leading contributors to the increase in real GDP in Washington, the fastest growing state. Other highlights Nationally, wholesale trade, information services, finance and insurance, and retail trade increased 7.4 percent, 7.6 percent, 5.5 percent, and 6.3

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Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia (table 1).

Gross Domestic Product by State, 3rd quarter 2018

Wholesale trade, information services, finance and insurance, and retail trade were the leading contributors to the increase in real GDP nationally (table 2). Information services and retail trade were the leading contributors to the increase in real GDP in Washington, the fastest growing state.

Other highlights

  • Nationally, wholesale trade, information services, finance and insurance, and retail trade increased 7.4 percent, 7.6 percent, 5.5 percent, and 6.3 percent, respectively (GDP by Industry table 1). Wholesale trade contributed to growth in 49 states, while information services, finance and insurance, and retail trade contributed to growth in all 50 states and the District of Columbia.
  • Finance and insurance was the leading contributor to growth in Utah–the second fastest growing state.
  • Information services was the leading contributor to growth in Arizona–the third fastest growing state.
  • For the nation, real GDP for mining was virtually unchanged from the second quarter. This industry subtracted from growth in Wyoming, Alaska, and West Virginia–the three slowest growing states.

Next release: May 1, 2019 at 8:30 A.M. EDT — Gross Domestic Product by State, Fourth Quarter 2018 and Annual 2018 (preliminary)

Bureau of Economic Analysis
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA’s national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.

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