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Gross Domestic Product by State, 4th Quarter and Year 2019 (Preliminary)

Summary:
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, 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 3.4 percent in Washington and Utah to -0.1 percent in West Virginia (table 1). Retail trade; finance and insurance; government; and utilities were the leading contributors to the increase in real GDP nationally (table 2). Retail trade was the leading contributor to the increase in real GDP in Washington, the fastest growing state. Other highlights Retail trade increased 7.4 percent nationally and contributed to growth in all 50 states and the District of Columbia (GDP by Industry table 1). Finance and insurance increased 5.1

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Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, 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 3.4 percent in Washington and Utah to -0.1 percent in West Virginia (table 1).

Gross Domestic Product by State, 4th Quarter and Year 2019 (Preliminary)

Retail trade; finance and insurance; government; and utilities were the leading contributors to the increase in real GDP nationally (table 2). Retail trade was the leading contributor to the increase in real GDP in Washington, the fastest growing state.

Other highlights

  • Retail trade increased 7.4 percent nationally and contributed to growth in all 50 states and the District of Columbia (GDP by Industry table 1).
  • Finance and insurance increased 5.1 percent nationally and contributed to growth in all 50 states and the District of Columbia. This industry was the leading contributor to growth in Arizona, the third fastest growing state.
  • Government increased 2.7 percent nationally and contributed to growth in 49 states and the District of Columbia. This industry was the leading contributor to growth in Utah, the second fastest growing state.
  • Utilities increased 23.3 percent nationally and contributed to growth in all 50 states and the District of Columbia.

GDP by State, Annual 2019

Real GDP increased in all 50 states and the District of Columbia in 2019. The percent change in real GDP ranged from 4.4 percent in Texas to 0.6 percent in Nebraska (table 4).

Gross Domestic Product by State, 4th Quarter and Year 2019 (Preliminary)

Professional, scientific, and technical services; finance and insurance; and information services were the leading contributors to the increase in real GDP nationally. Mining was the leading contributor to the increase in real GDP in Texas, the fastest growing state (table 5).

Other highlights

  • Professional, scientific, and technical services contributed to growth in 48 states and the District of Columbia. This industry was also the leading contributor to growth in Utah, the third fastest growing state.
  • Finance and insurance contributed to growth in 49 states and the District of Columbia.
  • Information services contributed to growth in 48 states and the District of Columbia. This industry was the leading contributor to growth in Washington, the second fastest growing state.

Gross Domestic Product (GDP) by State

Today, BEA is releasing statistics for 2019:Q4 and annual statistics for 2019. BEA is also releasing revised annual state per capita real GDP for 2010-2018 that incorporate revisions in Census state population estimates.

Next release: July 7, 2020 at 8:30 A.M. EDT
Gross Domestic Product by State, 1st Quarter 2020

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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