St. Louis, MO 63102, Gross Domestic Product (GDP) by County, Metro, and Other Areas, http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm, More Click here to read our methodology. The pace of economic growth in the United States slowed to 2.1% in the sec ond quarter, down from 3.1% in the first three months of 2019. Federal Reserve Bank of St. Louis,

Based on these broader measures, these are the states with the best and worst economies. [7][6], Map of the U.S. states and the District of Columbia by GDP in million. Using data from the Bureau of Economic Analysis, 24/7 Wall St. reviewed 2018 GDP growth by state to identify the fastest growing and shrinking state economies. Washington ranked high among the states and District of Columbia in growth of gross domestic product last year. [2][3][4][5][6], Map of U.S. states, the federal district, and Puerto Rico by GDP in billions USD (2019). Please review the copyright information in the series notes before sharing.

Please update this article to reflect recent events or newly available information. While much has been made of the decline of the American manufacturing industry in recent years, manufacturing was the second largest economic driver in 2018. Bellingham, WA; Bremerton-Silverdale, WA In concept, an industry's GDP by metropolitan area, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported).

Of course, not all state economies are growing at the same rate — or even at all. Click here to see the fastest growing and shrinking state economies That's called punching above your weight. States are ranked from weakest GDP growth to strongest.

GDP in the United States averaged 7456.57 USD Billion from 1960 until 2019, reaching an all time high of 21427.70 USD Billion in 2019 and a record low of 543.30 USD Billion in 1960. In just over half of all states, the manufacturing sector contributed more to GDP growth than any other industry. In just over half of all states, the manufacturing sector contributed more to GDP growth than any other industry. These are the cities where manufacturing is making a comeback.

The professional and business services industry contributed more to overall economic growth than any other industry last year. State GDP adjusted for inflation here … List of U.S. states, federal district, and territories by GDP (millions of current dollars) Rank State federal district or territory GDP in the 4th quarter of 2019 % of Nation GDP per capita Region — See how fast your state is growing compared to others. New York state takes up about 1% of the land mass of the United States. retrieved from FRED, Federal Reserve Bank of St. Louis; These are the cities where manufacturing is making a comeback. It is important to note that GDP growth is not the only indicator of a state’s economic vitality. Annual. The U.S. economy is no more than the sum of its parts, and the unprecedented GDP growth nationwide is attributable to local economic success stories across the 50 states. Series from Gross Domestic Product (GDP) by County, Metro, and Other Areas. The relatively modest second quarter growth was nonetheless historic, marking over 10 years of economic expansion — the longest continual stretch on record. It is important to note that GDP growth is not the only indicator of a state’s economic vitality. Are you sure you want to remove this series from the graph? The All industry total includes all Private industries and Government.Gross domestic product (GDP) by metropolitan area is the measure of the market value of all final goods and services produced within a metropolitan area in a particular period of time. Other factors like the unemployment rate, poverty rate, incomes, and education level of the labor force are also useful in any assessment of a given state economy’s strengths and weaknesses. https://fred.stlouisfed.org/series/NGMP42660, The coronavirus pandemic has significantly damaged the food... ond quarter, down from 3.1% in the first three months of 2019. Based on these broader measures, these are the states with the best and worst economies. Still, rapid GDP growth is often indicative of strong fundamentals, and many of the highest ranking states on this list have healthy economies overall.

GDP by metropolitan area is the metropolitan area counterpart of the nation's, BEA's featured measure of U.S. production.For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm. The professional and business services industry contributed more to overall economic growth than any other industry last year. The pace of economic growth in the United States slowed to 2.1% in the sec ond quarter, down from 3.1% in the first three months of 2019.

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