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 bureau’s report is a last look at the state of the U.S. economy before the COVID-19 crisis hit.
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.
Retail trade; finance and insurance; government; and utilities were the leading contributors to the increase in real GDP nationally. 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.
- 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).
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.
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.
Click here for the full BEA report, with state-by-state and industry-specific charts and breakdowns.
