Wednesday , October 16 2019
Home / BEA / Gross Domestic Product by State, 4th quarter 2018 and annual 2018 (preliminary)

Gross Domestic Product by State, 4th quarter 2018 and annual 2018 (preliminary)

Summary:
Quarterly GDP by state in 2018:Q4 Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the fourth quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 6.6 percent in Texas to 0.0 percent in Delaware (table 1). Wholesale trade, mining, and information services were the leading contributors to the increase in real GDP nationally (table 2). Mining and wholesale trade were the leading contributors to the increase in real GDP in Texas, the fastest growing state. Other highlights Wholesale trade increased 9.1 percent nationally and contributed to growth in all 50 states (GDP by Industry table 1). Mining increased 38.0 percent nationally and

Topics:
Bureau of Economic Analysis considers the following as important:

This could be interesting, too:

Barry Ritholtz writes Helping Farmers Adapt to Climate Change?

Ben Hunt writes To My Fellow Billionaires …

Bureau of Economic Analysis writes Prototype Economic Statistics for Puerto Rico, 2012-2017

Kathy Lien writes Brexit Deal in Sight. Which Currencies are Set to Rally?

Quarterly GDP by state in 2018:Q4

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the fourth quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 6.6 percent in Texas to 0.0 percent in Delaware (table 1).

Gross Domestic Product by State, 4th quarter 2018 and annual 2018 (preliminary)

Wholesale trade, mining, and information services were the leading contributors to the increase in real GDP nationally (table 2). Mining and wholesale trade were the leading contributors to the increase in real GDP in Texas, the fastest growing state.

Other highlights

  • Wholesale trade increased 9.1 percent nationally and contributed to growth in all 50 states (GDP by Industry table 1).
  • Mining increased 38.0 percent nationally and contributed to growth in 49 states. In addition to Texas, this industry was the leading contributor to the increase in real GDP in Wyoming, Oklahoma, Alaska, and New Mexico–the second through fifth fastest growing states.
  • Information services increased 8.9 percent nationally and contributed to growth in every state and the District of Columbia.

Annual GDP by state in 2018

Real GDP increased in 49 states and the District of Columbia in 2018. The percent change in real GDP ranged from 5.7 percent in Washington to -0.3 percent in Alaska (table 4).

Gross Domestic Product by State, 4th quarter 2018 and annual 2018 (preliminary)

Information services; professional, scientific, and technical services; and durable goods manufacturing were the leading contributors to national economic growth in 2018. Information services and retail trade were the leading contributors to the increase in real GDP in Washington, the fastest growing state (table 5).

Other highlights

  • In addition to Washington, information services was the leading contributor to the increase in real GDP in four additional states, including California.
  • Professional, scientific, and technical services was the leading contributor to the increase in real GDP in Utah, the second fastest growing state.
  • Durable goods manufacturing was the leading contributor to the increase in real GDP in Idaho, the third fastest growing state.

Updates to Gross Domestic Product by State

Today, BEA also released revised quarterly estimates for 2015:Q1 to 2018:Q3 and annual statistics for 2015-2017. Updates are made each year about this time to incorporate new and revised state source data.

Next release: July 25, 2019 at 8:30 A.M. EDT
Gross Domestic Product by State, First Quarter 2019

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.

Leave a Reply

Your email address will not be published. Required fields are marked *