Tuesday , August 20 2019
Home / BEA / Gross Domestic Product by State, 1st quarter 2019

Gross Domestic Product by State, 1st quarter 2019

Summary:
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the first quarter ranged from 5.2 percent in West Virginia to 1.2 percent in Hawaii (table 1). Highlights Finance and insurance, retail trade, and health care and social assistance were the leading contributors to the increase in real GDP nationally (table 2). These industries increased 9.5 percent, 11.9 percent, and 6.2 percent, respectively (GDP by Industry table 1), and contributed to growth in all 50 states and the District of Columbia. Mining for the nation increased 26.5 percent, after increasing 38.0 percent in the fourth quarter. This industry was

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

This could be interesting, too:

Tyler Durden writes Analysts Desperately Seek Silver Lining As Freight Industry Collapses, Note Positive Sequential Trailer Data

Tyler Durden writes Hong Kong’s Anti-Singles-Day Push Threatens Recession

Tyler Durden writes Streaming Wars: Apple To Spend Over Billion On Original Shows

Tyler Durden writes “God Of Chaos” Asteroid Will Get Closer Than Orbiting Satellites In 2029, Researchers Warn Impact Would Be “Devastating For All Life”

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the first quarter ranged from 5.2 percent in West Virginia to 1.2 percent in Hawaii (table 1).

Gross Domestic Product by State, 1st quarter 2019

Highlights

  • Finance and insurance, retail trade, and health care and social assistance were the leading contributors to the increase in real GDP nationally (table 2). These industries increased 9.5 percent, 11.9 percent, and 6.2 percent, respectively (GDP by Industry table 1), and contributed to growth in all 50 states and the District of Columbia.
  • Mining for the nation increased 26.5 percent, after increasing 38.0 percent in the fourth quarter. This industry was the leading contributor to growth in several states, including the three fastest growing states of West Virginia, Texas, and New Mexico.
  • The government sector decreased 1.1 percent nationally and slowed growth in most states, especially in the District of Columbia. The decrease was partly due to the partial federal government shutdown in January 2019.

Revised annual gross domestic product (GDP) by state statistics for 2014 to 2018 will be released on November 7, 2019. In addition, revised quarterly statistics for 2014:Q1 through 2019:Q1, and new estimates for 2019:Q2 will also be released.

Next release: November 7, 2019 at 8:30 A.M. EST — Gross Domestic Product by State, Second 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 *