skip to Main Content
BEA Logo
News
 
 

News Release

Available for this release: PDF Icon Full Release: PDF (1,630 kb), XLS Icon Tables: XLS (110 kb), PDF Icon Highlights: PDF (401 kb)

envelope icon  Sign up for e-mail subscriptions.

FOR WIRE TRANSMISSION: 9:00 A.M. EDT, THURSDAY, May 22, 2003

Sharon Panek: (202) 606–9228   BEA 03-16
Ndidi Obidoa: (202) 606–9229  

GROSS STATE PRODUCT BY INDUSTRY for 2001:
U.S. Economic Slowdown was Widespread

New data released today by the U.S. Bureau of Economic Analysis confirm that the economic slowdown in 2001, while mild by historical standards, was geographically widespread. Real gross state product (GSP) for the nation - GSP adjusted to reflect price changes - grew 0.4 percent in 2001, compared with a 0.2-percent decline during the 1990-91 recession, and a 1.6-percent decline during the more severe 1981-82 recession./1./  In 2001, real GSP declined in 20 states and growth decelerated in an additional 26 states. During the 1990-91 recession, real total GSP declined in 18 states and growth decelerated in an additional 19 states. In contrast, during the more severe 1981- 82 recession, real total GSP declined in 37 states and decelerated in an additional 12 states.

Chart 1 shows trends in real GSP growth for 1990-2001 for the U.S. and for the top- and bottom-quintile states, where quintiles are defined by 2001 growth. With the exception of 2000, average growth in the top quintile has exceeded the U.S. rate every year since 1990. Further, real GSP growth in the top quintile remained positive and relatively strong both during the 2001 slowdown and in the 1990-91 recession. In contrast, the bottom-quintile states fared worse in 2001 than in the 1990-91 recession, with an average decline of 1.6 percent in 2001, compared with an average decline of 0.8 percent in the 1990-91 recession. Many of the bottom-quintile states specialize in traditional manufacturing industries that are sensitive to economic slowdowns.

Graph showing real gross state product, percent change from previous year


/1./ Percent changes are expressed at annual rates and refer to 2001, 1991, and 1982, respectively. The GSP estimates for 1999-2000 released today are revised. See the "Sources of GSP revisions" section on page 3 for details on the revisions.
 
This news release is available at BEA's web site at www.bea.gov/newsreleases/rels.htm.

GSP Growth by Industry

The slowdown in real U.S. GSP was characterized by a decline in goods-producing industries (except mining) and decelerated growth in most services-producing industries. Manufacturing, which declined 6.0 percent in 2001, was largely responsible for the decline in real GSP in goods-producing industries. Manufacturing declined in 40 states and was the largest contributor to declines in real total GSP for all of the bottom-quintile states except Alaska.

United States map showing annual percent change in real gross state product, 2000-2001

Among the other goods-producing industry divisions, real GSP in construction declined in 37 states. Growth in mining was an important contributor to total GSP growth in a number of states, including Wyoming, West Virginia, New Mexico, and Nevada. But, mining, primarily oil and gas extraction, contributed significantly to a decline in Alaska's real GSP.

Despite the deceleration in real U.S. GSP growth in several services-producing industries in 2001, growth in these industries remained relatively strong. Overall growth in retail trade decelerated to 4.6 percent in 2001 from 7.5 percent in 2000, and growth in finance, insurance and real estate decelerated to 2.8 percent from 6.2 percent. From 2000 to 2001, real GSP growth in retail trade decelerated in 46 states; growth in finance, insurance and real estate decelerated in 42 states; and growth in services decelerated in 38 states. However, retail trade continued to grow in all states except Connecticut; finance, insurance and real estate grew in all but 11 states; and services grew in all but 11 states. Within finance, insurance and real estate, double-digit growth was reported in 2001 for non-depository institutions and for security and commodity brokers. In Delaware, real GSP in finance, insurance and real estate grew 18 percent, mainly due to growth in depository institutions and holding and other investment offices.

In contrast to fast growth during the 1990's, real GSP in high-tech industries (a combination of goods- and services-producing industries) was mixed in 2001. Communications grew in all states except Colorado and electronic and other electric equipment manufacturing grew in 45 states. These industries contributed to growth in several of the top-quintile states, including New Mexico, Vermont, Maryland, Nevada, Florida, and Texas. But, real U.S. GSP declined in industrial machinery and equipment manufacturing and in business services.

Within tourism-related services-producing industries, slow growth or declines in U.S. GSP in transportation by air, hotels and other lodging places, and amusement and recreation services affected many states, partially reflecting reductions in business air travel and tourism after the terrorist attacks on September 11, 2001. Despite declines in two industries relatively important to its economy--transportation by air and hotels and other lodging places--Nevada was in the top quintile in 2001.

GSP Growth by Component

The changes over time in the capital and labor shares of industry value added reflect differences in the growth rates of the components of current-dollar GSP by industry--compensation of employees, indirect business tax and nontax liability, and property-type income. In every BEA region, the trends in the GSP income component shares mirrored the national trend for 1999-2001-- the share of compensation of employees increased, the share of indirect business tax and nontax liability was unchanged, and the share of property-type income decreased.

State shares of U.S. current-dollar GSP in 2001

In 2001, current-dollar GSP for the nation was $10.1 trillion. California accounted for the largest share (13.4 percent) of the nation; its GSP has exceeded $1 trillion since 1997 (see table 4). The other four states with the largest shares of the U.S. total were New York (8.2 percent), Texas (7.5 percent), Florida (4.8 percent), and Illinois (4.7 percent). North Dakota, Vermont, Wyoming, Montana, and South Dakota had the smallest shares. The states representing the five largest and five smallest shares did not change throughout the 1990s.

Sources of GSP revisions

The GSP estimates have been revised for 1999 and 2000 to incorporate the results of the most recent revisions of state personal income, of the national estimates of gross product by industry, and of the national income and product accounts (NIPA's). The revised GSP estimates also reflect incorporation of the 2000 and 2001 Annual Survey of Manufactures (ASM). The ASM data are based on the North American Industry Classification System (NAICS) rather than on the Standard Industrial Classification System (SIC). For this revision, the 1999-2001 ASM data were converted from NAICS to the SIC by BEA on the basis of information provided by the source agency (see "Industry classification" section below).

In general, the revisions to GSP as a percentage of the previously published estimates for all years were small. For the nation, current-dollar GSP was revised down $28.2 billion in 1999, and revised down $50.4 billion in 2000. For 2000, the five states with the largest downward percentage revisions were New Mexico (-3.3 percent), West Virginia (-3.2 percent), North Carolina (-3.1 percent), Arizona (-1.8 percent), and Mississippi (-1.7 percent). For a detailed discussion of major sources of the revisions and of the impacts of the revisions, see "Gross State Product by Industry, 1999-2001" in a forthcoming issue of the Survey of Current Business.

Industry classification

In 1997, U.S. federal statistical agencies adopted NAICS, an economic classification system that groups establishments into industries based on similarity of production processes. NAICS provides a new framework for collecting, analyzing, and disseminating economic data on an industry basis. Some of BEA's source data, however, still remain on a Standard Industrial Classification (SIC) basis. BEA plans to incorporate NAICS into its GSP estimates upon full implementation of NAICS by all of its source-data agencies in 2004-2005. For more information, see "The North American Industry Classification System in BEA's Economic Accounts," Survey of Current Business (May 2001): 7-13.

Definitions

GSP is the value added in production by the labor and property located in a state. GSP for a state is derived as the sum of the GSP originating in all industries in the state.

The estimates of real GSP were derived by applying national implicit price deflators by detailed industry to the current-dollar GSP estimates by detailed industry. Then, in order to capture the differences across states that reflect the relative differences in the mix of goods and services that the states produce, the same chain-type index formula used in the national accounts was used to calculate the estimates of total real GSP and real GSP by major industry. For additional information, see "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth," Survey of Current Business 77 (May 1997): 58-68; "Comprehensive Revision of Gross State Product by Industry, 1977-94," Survey 77 (June 1997): 28-29; and "Gross State Product by Industry, 1992-99," Survey 81 (August 2001): 69-90.

The relation of GSP to Gross Domestic Product (GDP)

In concept, an industry's GSP, 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). Thus, GSP is often considered the state counterpart of the nation's GDP, BEA's featured measure of U.S. output. In practice, GSP estimates are measured as the sum of the distributions by industry and state of the components of gross domestic income, that is, the sum of the costs incurred and incomes earned in the production of GDP.

GSP for the nation differs from GDP for the following reasons: GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy; GSP excludes and GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and GSP and GDP have different revision schedules. In 2000-2001, real GDP grew 0.3 percent, and real GSP for the nation grew 0.4 percent.

Availability of detailed GSP estimates

GSP estimates for 63 industries and 3 income components for states, BEA regions, and the United States are available on BEA's Web site: www.bea.gov. The site also contains BEA's major national, regional, international, and industry estimates; the Survey of Current Business; and BEA news releases.

In BEA's GSP accounts, estimates of compensation of employees and property-type income are based on estimates of wages and salaries and proprietors' income, respectively, from BEA's personal income accounts. For 2001, BEA's estimates of wages and salaries and proprietors' income were published on the 2002 North American Industry Classification System (NAICS) at the sub-sector level and on the 1987 Standard Industrial Classification (SIC) at the division level. Therefore, for the 2001 GSP estimates presented here, compensation of employees and property-type income estimates are being released at only the SIC division level, while estimates of GSP by industry and of indirect business tax and non-tax liability (IBT) are being released for the usual 63 SIC-based industries.

Regional Income and Product release dates for the rest of 2003:

State Personal Income, First Quarter 2003 ..................July 23 (Wednesday)

State Personal Income, Second Quarter 2003 .............October 23 (Thursday)


******************************************************************************************************************
                              Table 1. -- Percent Change in Real Gross State Product by Major Industry, 2000-2001

---------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                            Rank of
                                                                                                                                            percent
                                Total     Agri-                                   Trans-                         Finance                     change 
                                gross    culture,   Mining     Con-     Manu-    portation   Whole-    Retail    insur-    Ser-   Govern-  in total
                               state     forestry,            struc-   factur-     and       sale      trade     ance,     vices    ment     gross
                               product     and                 tion       ing     public     trade             and real                      state
                                         fishing                                utilities                       estate                      product
                                                                                                                                          
---------------------------------------------------------------------------------------------------------------------------------------------------
United States .............       0.4      -1.7       4.8      -1.6      -6.0      -0.2      -0.2       4.6       2.8       0.9       1.8  .......

  New England .............       0.0       1.2       4.2       1.5      -6.0       0.5      -3.0       4.0       1.4       0.2       2.6  .......
    Connecticut ...........       0.7      -1.4       1.3      -1.1      -2.0       1.4       0.0      -0.5       2.1      -1.1       6.6       21
    Maine .................       0.8      -3.5      -5.9      -1.9      -8.4       0.8       2.8       6.2       2.5       2.8       2.1       18
    Massachusetts .........      -0.4       5.1       5.0       3.3      -7.8       0.0      -6.6       5.5       1.7       0.0       0.9       39
    New Hampshire .........      -1.8       3.7       5.3       5.0     -13.8       1.0       3.4       7.2      -3.0       1.5       0.7       48
    Rhode Island ..........       0.3       1.7      38.0      -2.8      -2.7      -0.9      -1.7       3.9      -0.3       3.1       0.1       26
    Vermont ...............       3.8      -0.1       3.6      -1.4       7.6       0.6       5.9       6.7       3.6       1.1       5.5        4

  Mideast .................       1.1       2.5      11.1       0.4      -6.0       1.6       0.2       4.7       3.4       1.3       0.6  .......
    Delaware ..............       7.1      18.0      15.1      -3.8      -6.1       2.0       4.6       4.8      18.0       2.5      -1.6        1
    District of Columbia ..       3.7      15.3     -22.0      -3.8      -9.6       5.4      -6.9       4.9      11.1       3.4       1.6  .......
    Maryland ..............       2.6       4.4       6.4       1.4       0.0       1.6       2.3       5.2       2.9       2.7       3.0        6
    New Jersey ............      -0.0       1.8      20.6       3.3     -10.0      -1.1       0.0       5.3       1.5       1.9       0.4       31
    New York ..............       1.3       6.3       5.7      -0.4      -4.0       3.9      -0.8       4.1       3.9       0.2      -1.5       11
    Pennsylvania ..........       0.1      -2.4      12.1      -1.0      -6.7       0.2       1.3       5.0       0.8       1.7       2.6       27

  Great Lakes .............      -1.0       1.2       7.3      -4.2      -7.0      -2.8      -1.6       3.4       3.2       0.5       1.0  .......
    Illinois ..............      -0.0      -1.5       4.9      -1.4      -4.5      -3.5      -1.4       4.2       3.5      -0.1       0.7       32
    Indiana ...............      -1.8       4.9       8.7      -4.6      -8.9      -1.7       0.4       3.0       3.9       1.5       0.1       49
    Michigan ..............      -2.9      -2.1       9.3      -6.8      -9.8      -3.2      -5.0       3.0       0.8      -0.4       1.4       50
    Ohio ..................      -0.9      -3.2       9.1      -5.8      -7.9      -2.9      -1.3       2.8       4.7       1.4       0.9       44
    Wisconsin .............       0.8      10.1      -1.7      -3.3      -1.8      -0.5       1.6       3.8       2.1       1.0       2.3       19

  Plains ..................      -0.0      -4.1       7.4      -1.9      -4.7      -0.8       1.2       4.5       1.1       0.5       1.8  .......
    Iowa ..................      -0.6      -7.9      -3.5      -1.6      -2.3      -2.3      -1.7       4.0       0.1       0.8       1.3       41
    Kansas ................       1.0       3.0       4.6      -4.3      -1.3       1.5       0.2       3.4       1.4       1.8       1.3       16
    Minnesota .............      -0.8      -8.0      20.4      -0.5      -8.1      -2.3       3.0       5.5      -0.5      -0.4       2.5       43
    Missouri ..............       0.4      -3.2       8.9      -0.8      -4.0      -1.2       0.9       4.5       3.6       0.9       0.5       24
    Nebraska ..............       0.1       8.1       4.0      -5.5      -6.1       0.4      -1.3       3.7      -0.4       1.7       1.9       29
    North Dakota ..........      -0.2     -11.6       1.1      -6.0       2.4       1.2       2.1       5.2      -5.5      -1.2       5.9       34
    South Dakota ..........       1.0     -11.6      19.1      -1.7      -9.0       2.2       9.8       4.5       6.8      -2.4       6.0       15

  Southeast ...............       0.5      -0.9       6.4      -2.3      -5.9       0.8       0.3       4.6       1.6       2.2       1.2  .......
    Alabama ...............      -0.2      10.1      10.1      -2.9      -4.7      -1.8       0.2       3.5      -1.3       1.9       1.0       36
    Arkansas ..............      -0.5      -4.0       6.8      -2.1      -9.0       1.2       2.1       5.0       2.4       1.7       1.2       40
    Florida ...............       1.8      -5.8      -2.9       0.7      -5.1       0.6       2.1       6.0       3.6       2.0       0.1        9
    Georgia ...............      -0.4       3.6      -0.5      -2.2      -9.5       1.3      -0.9       5.6      -0.2       1.9       2.5       38
    Kentucky ..............       0.5     -13.3      15.0      -3.1      -2.7       2.9       1.6       3.5       1.2       1.8       2.5       23
    Louisiana .............      -0.3      -4.0       5.6      -7.2     -16.6       1.2       3.7       6.4       0.3       1.8       1.2       37
    Mississippi ...........      -1.2      16.8      -2.6      -8.1      -5.9      -2.3      -0.6       2.3      -0.8      -0.8       1.0       46
    North Carolina ........      -1.4      -0.1       0.6      -3.6      -6.9       1.6      -0.0       4.5      -3.4       1.9       1.6       47
    South Carolina ........       0.4       5.2      -9.0      -4.4       1.1      -1.7      -1.1       2.7       0.6       1.9      -0.7       25
    Tennessee .............       1.1       0.3      -3.5      -6.2      -1.5       4.8      -1.1       2.9       3.1       1.9       1.5       13
    Virginia ..............       1.9      -0.7      11.9       0.5      -5.0      -0.3      -2.8       4.0       6.0       4.5       1.4        7
    West Virginia .........       0.9       0.8      15.7       3.4      -8.1      -3.0       2.5       2.9       2.4       1.7       0.8       17

  Southwest ...............       1.9      -3.6       5.3      -0.8      -0.2      -1.0       0.2       6.3       3.6       1.6       2.6  .......
    Arizona ...............       3.3       4.8       7.6      -1.0       8.9      -0.7       3.2       6.2       4.6      -2.6       7.4        5
    New Mexico ............       4.9      12.5       6.4       1.6      13.7       1.5       3.7       5.4       1.3       0.6       6.2        2
    Oklahoma ..............       1.0      -8.5       5.8       4.6      -8.5       3.3       4.6       5.2       1.1       1.3       3.3       14
    Texas .................       1.5      -6.3       5.0      -1.4      -2.0      -1.6      -0.9       6.5       3.7       2.7       1.0       10

  Rocky Mountain ..........       0.8       7.5       8.0      -0.5     -10.7      -3.1      -0.0       5.8       4.1       1.9       2.8  .......
    Colorado ..............       0.7      11.8       8.7      -0.1     -10.5      -3.4      -1.5       6.1       3.6       2.0       2.4       20
    Idaho .................      -0.7       5.7       0.7       2.3     -13.5       0.8       1.8       7.0       0.1       2.7       2.9       42
    Montana ...............       1.2      -1.3       6.0       1.5      -4.8      -3.0       1.8       5.6       2.4       0.7       3.0       12
    Utah ..................       0.6      12.0      14.7      -4.2     -13.1      -3.8       0.6       4.1       7.6       1.1       3.0       22
    Wyoming ...............       4.1       1.3       6.3       1.9      12.4      -2.8       9.1       6.8       0.6       4.7       4.1        3

  Far West ................       0.1      -5.2      -4.4      -1.7      -8.1       0.2       0.2       4.5       3.4      -0.5       3.7  .......
    Alaska ................      -1.0      -0.3      -8.7       2.5      -9.5      -0.3       0.1       4.4       3.5       1.8       1.8       45
    California ............       0.1      -5.3      -6.5      -0.0     -11.2       1.3       0.6       5.0       3.9      -0.3       4.1       28
    Hawaii ................      -0.1      -4.8     -25.0      -3.0      -7.1      -2.0       2.1       4.0      -0.7       0.3       0.7       33
    Nevada ................       1.9       3.7      28.2      -3.1       0.1      -1.9       6.3       6.6       3.3      -0.2       3.1        8
    Oregon ................       0.1      -3.1       8.2      -7.6       2.1      -6.3      -3.9       3.7      -0.8       0.9       2.9       30
    Washington ............      -0.2      -7.4      -7.9      -5.8       0.6      -1.2      -1.2       1.6       1.9      -2.5       3.7       35
--------------------------------------------------------------------------------------------------------------------------------------------------
  Source:  U.S. Bureau of Economic Analysis

 *****************************************************************************************************************************************



                        Table 2. -- Contributions to Percent Change in Real Gross State Product, 2000-2001

-----------------------------------------------------------------------------------------------------------------------------------------
                                                                                Percentage points
                                        -------------------------------------------------------------------------------------------------
                              Percent    Agri-                                  Trans-                        Finance                    
                               change   culture,   Mining    Con-      Manu-   portation   Whole-   Retail     insur-    Ser-     Govern-
                              in total  forestry,           struc-    factur-    and        sale     trade      ance,    vices     ment  
                               gross      and                tion       ing     public      trade             and real                   
                               state    fishing                                utilities                       estate                    
                              product                                                                                                    
-----------------------------------------------------------------------------------------------------------------------------------------
United States .............       0.4     -0.02      0.06     -0.07     -0.89     -0.01     -0.01      0.40      0.54      0.20      0.21

  New England .............       0.0      0.01      0.00      0.06     -0.85      0.03     -0.20      0.33      0.36      0.04      0.24
    Connecticut ...........       0.7     -0.01      0.00     -0.04     -0.30      0.08      0.00     -0.04      0.65     -0.25      0.56
    Maine .................       0.8     -0.07      0.00     -0.09     -1.31      0.05      0.17      0.71      0.48      0.57      0.30
    Massachusetts .........      -0.4      0.03      0.00      0.15     -1.03      0.00     -0.48      0.41      0.42      0.00      0.08
    New Hampshire .........      -1.8      0.03      0.00      0.22     -2.60      0.06      0.24      0.69     -0.77      0.31      0.06
    Rhode Island ..........       0.3      0.01      0.01     -0.15     -0.31     -0.05     -0.09      0.34     -0.10      0.64      0.01
    Vermont ...............       3.8      0.00      0.01     -0.06      1.18      0.05      0.34      0.66      0.66      0.25      0.72

  Mideast .................       1.1      0.02      0.02      0.02     -0.71      0.13      0.01      0.35      0.92      0.31      0.07
    Delaware ..............       7.1      0.15      0.00     -0.16     -0.89      0.10      0.19      0.32      7.12      0.40     -0.15
    District of Columbia ..       3.7      0.01     -0.01     -0.04     -0.13      0.26     -0.09      0.13      1.70      1.27      0.58
    Maryland ..............       2.6      0.04      0.01      0.08      0.00      0.11      0.14      0.45      0.62      0.67      0.52
    New Jersey ............      -0.0      0.01      0.02      0.17     -1.63     -0.13      0.00      0.51      0.45      0.54      0.04
    New York ..............       1.3      0.03      0.00     -0.01     -0.40      0.27     -0.05      0.28      1.29      0.05     -0.15
    Pennsylvania ..........       0.1     -0.02      0.07     -0.04     -1.22      0.02      0.08      0.44      0.15      0.40      0.25

  Great Lakes .............      -1.0      0.01      0.02     -0.21     -1.56     -0.21     -0.12      0.30      0.55      0.10      0.11
    Illinois ..............      -0.0     -0.01      0.01     -0.07     -0.70     -0.31     -0.12      0.34      0.78     -0.02      0.07
    Indiana ...............      -1.8      0.06      0.03     -0.25     -2.65     -0.13      0.02      0.27      0.52      0.26      0.01
    Michigan ..............      -2.9     -0.02      0.02     -0.35     -2.47     -0.21     -0.37      0.28      0.12     -0.08      0.15
    Ohio ..................      -0.9     -0.03      0.04     -0.27     -1.83     -0.20     -0.09      0.27      0.79      0.27      0.11
    Wisconsin .............       0.8      0.18      0.00     -0.17     -0.43     -0.04      0.11      0.34      0.34      0.18      0.26

  Plains ..................      -0.0     -0.11      0.04     -0.09     -0.82     -0.07      0.09      0.42      0.18      0.10      0.22
    Iowa ..................      -0.6     -0.32     -0.01     -0.07     -0.51     -0.19     -0.12      0.35      0.01      0.15      0.16
    Kansas ................       1.0      0.08      0.06     -0.21     -0.21      0.19      0.02      0.33      0.19      0.32      0.18
    Minnesota .............      -0.8     -0.14      0.07     -0.03     -1.40     -0.17      0.24      0.51     -0.09     -0.08      0.25
    Missouri ..............       0.4     -0.05      0.02     -0.04     -0.71     -0.12      0.06      0.43      0.57      0.18      0.06
    Nebraska ..............       0.1      0.35      0.01     -0.27     -0.80      0.05     -0.10      0.31     -0.06      0.34      0.26
    North Dakota ..........      -0.2     -0.67      0.04     -0.30      0.20      0.12      0.18      0.49     -0.85     -0.23      0.86
    South Dakota ..........       1.0     -0.89      0.09     -0.07     -1.15      0.16      0.64      0.44      1.42     -0.42      0.77

  Southeast ...............       0.5     -0.01      0.11     -0.12     -0.92      0.07      0.02      0.45      0.27      0.44      0.16
    Alabama ...............      -0.2      0.18      0.11     -0.14     -0.88     -0.15      0.01      0.36     -0.20      0.33      0.15
    Arkansas ..............      -0.5     -0.13      0.05     -0.10     -1.92      0.12      0.14      0.58      0.29      0.29      0.15
    Florida ...............       1.8     -0.10      0.00      0.04     -0.33      0.05      0.16      0.67      0.79      0.50      0.01
    Georgia ...............      -0.4      0.05      0.00     -0.11     -1.53      0.14     -0.08      0.51     -0.03      0.38      0.30
    Kentucky ..............       0.5     -0.31      0.25     -0.15     -0.71      0.23      0.10      0.32      0.13      0.29      0.34
    Louisiana .............      -0.3     -0.04      1.01     -0.33     -2.26      0.10      0.19      0.51      0.04      0.29      0.14
    Mississippi ...........      -1.2      0.39     -0.03     -0.40     -1.12     -0.22     -0.03      0.25     -0.09     -0.15      0.16
    North Carolina ........      -1.4      0.00      0.00     -0.19     -1.57      0.10     -0.00      0.39     -0.66      0.32      0.21
    South Carolina ........       0.4      0.06     -0.01     -0.27      0.22     -0.16     -0.07      0.29      0.08      0.32     -0.11
    Tennessee .............       1.1      0.00     -0.01     -0.30     -0.28      0.39     -0.08      0.32      0.46      0.40      0.17
    Virginia ..............       1.9     -0.01      0.05      0.03     -0.62     -0.03     -0.16      0.33      1.09      1.02      0.24
    West Virginia .........       0.9      0.01      0.99      0.17     -1.11     -0.33      0.13      0.29      0.28      0.32      0.14

  Southwest ...............       1.9     -0.05      0.29     -0.04     -0.03     -0.10      0.01      0.60      0.55      0.33      0.32
    Arizona ...............       3.3      0.07      0.06     -0.06      1.18     -0.05      0.21      0.67      0.88     -0.58      0.89
    New Mexico ............       4.9      0.26      0.60      0.07      1.86      0.12      0.15      0.48      0.17      0.12      1.08
    Oklahoma ..............       1.0     -0.19      0.32      0.18     -1.32      0.31      0.27      0.52      0.14      0.23      0.54
    Texas .................       1.5     -0.08      0.31     -0.07     -0.26     -0.18     -0.07      0.61      0.56      0.54      0.11

  Rocky Mountain ..........       0.8      0.15      0.24     -0.03     -1.23     -0.33     -0.00      0.54      0.68      0.39      0.36
    Colorado ..............       0.7      0.16      0.14     -0.01     -1.03     -0.41     -0.10      0.57      0.64      0.46      0.28
    Idaho .................      -0.7      0.30      0.00      0.15     -2.87      0.06      0.11      0.69      0.01      0.46      0.39
    Montana ...............       1.2     -0.05      0.22      0.08     -0.34     -0.35      0.11      0.55      0.33      0.15      0.50
    Utah ..................       0.6      0.13      0.25     -0.26     -1.73     -0.31      0.03      0.40      1.42      0.23      0.43
    Wyoming ...............       4.1      0.03      1.48      0.10      0.87     -0.37      0.36      0.49      0.07      0.54      0.57

  Far West ................       0.1     -0.10     -0.04     -0.08     -1.10      0.01      0.01      0.41      0.71     -0.11      0.42
    Alaska ................      -1.0     -0.01     -1.89      0.11     -0.37     -0.05      0.00      0.28      0.37      0.24      0.35
    California ............       0.1     -0.10     -0.04     -0.00     -1.55      0.09      0.04      0.45      0.88     -0.07      0.43
    Hawaii ................      -0.1     -0.06     -0.03     -0.13     -0.20     -0.19      0.08      0.44     -0.16      0.07      0.14
    Nevada ................       1.9      0.03      0.53     -0.31      0.00     -0.14      0.29      0.69      0.61     -0.07      0.32
    Oregon ................       0.1     -0.10      0.01     -0.48      0.68     -0.53     -0.36      0.37     -0.14      0.19      0.42
    Washington ............      -0.2     -0.17     -0.02     -0.30      0.08     -0.10     -0.08      0.16      0.36     -0.60      0.50
-----------------------------------------------------------------------------------------------------------------------------------------
  Source:  U.S. Bureau of Economic Analysis

***************************************************************************************************************



     
                                 Table 3. -- Gross State Product in Current Dollars, 1995-2001
                                                      [Millions of dollars]

------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                  Percentage of U.S. total
                                 1995        1996        1997        1998       1999/r/     2000/r/     2001/p/  -------------------------
                                                                                                                        2000       2001
------------------------------------------------------------------------------------------------------------------------------------------
United States .............   7,309,516   7,715,901   8,224,960   8,750,174   9,251,541   9,891,187  10,137,190        100.0      100.0

  New England .............     416,166     439,596     471,336     503,940     533,324     582,874     594,686          5.9        5.9
    Connecticut ...........     118,645     124,157     134,968     142,701     149,010     161,929     166,165          1.6        1.6
    Maine .................      27,987      28,925      30,409      32,208      34,102      36,276      37,449           .4         .4
    Massachusetts .........     197,469     210,127     223,571     241,369     257,802     283,072     287,802          2.9        2.8
    New Hampshire .........      32,388      35,068      37,470      40,529      43,360      47,385      47,183           .5         .5
    Rhode Island ..........      25,703      26,656      29,409      30,838      31,895      36,086      36,939           .4         .4
    Vermont ...............      13,974      14,662      15,510      16,294      17,155      18,124      19,149           .2         .2

  Mideast .................   1,403,270   1,471,796   1,547,124   1,649,536   1,720,155   1,837,583   1,900,223         18.6       18.7

    Delaware ..............      27,575      29,001      31,263      32,693      34,696      37,247      40,509           .4         .4
    District of Columbia ..      48,408      48,505      50,546      52,145      55,382      59,963      64,459           .6         .6
    Maryland ..............     139,495     145,061     154,646     164,100     173,836     185,049     195,007          1.9        1.9
    New Jersey ............     271,435     285,738     299,986     316,875     332,155     357,453     365,388          3.6        3.6
    New York ..............     597,593     633,830     663,377     718,686     743,873     798,382     826,488          8.1        8.2
    Pennsylvania ..........     318,765     329,660     347,306     365,038     380,213     399,488     408,373          4.0        4.0

  Great Lakes .............   1,191,441   1,243,554   1,317,428   1,396,841   1,456,553   1,523,441   1,536,991         15.4       15.2
    Illinois ..............     359,451     375,949     400,327     423,175     440,899     466,312     475,541          4.7        4.7
    Indiana ...............     148,447     155,096     162,953     176,110     181,287     189,778     189,919          1.9        1.9
    Michigan ..............     254,179     265,130     279,503     293,173     312,054     323,717     320,470          3.3        3.2
    Ohio ..................     295,668     306,333     326,451     346,648     357,378     370,617     373,708          3.7        3.7
    Wisconsin .............     133,694     141,046     148,194     157,735     164,935     173,016     177,354          1.7        1.7

  Plains ..................     484,013     516,213     547,790     575,122     598,424     635,038     647,904          6.4        6.4
    Iowa ..................      71,687      76,976      81,695      83,069      85,540      89,654      90,942           .9         .9
    Kansas ................      64,069      68,160      72,998      76,648      80,208      84,526      87,196           .9         .9
    Minnesota .............     131,841     141,540     152,334     163,009     171,490     186,097     188,050          1.9        1.9
    Missouri ..............     139,547     146,537     155,811     163,425     168,877     177,104     181,493          1.8        1.8
    Nebraska ..............      44,084      47,772      49,275      51,349      53,494      55,649      56,967           .6         .6
    North Dakota ..........      14,529      15,855      15,910      17,053      17,093      18,556      19,005           .2         .2
    South Dakota ..........      18,257      19,372      19,767      20,570      21,723      23,452      24,251           .2         .2

  Southeast ...............   1,599,405   1,684,304   1,791,586   1,905,267   2,029,995   2,145,947   2,205,625         21.7       21.8
    Alabama ...............      95,514      99,286     104,213     109,672     115,095     119,319     121,490          1.2        1.2
    Arkansas ..............      53,809      56,796      59,141      61,298      64,993      66,793      67,913           .7         .7
    Florida ...............     344,771     366,318     389,473     415,564     442,613     471,623     491,488          4.8        4.8
    Georgia ...............     203,505     219,520     235,733     254,891     276,510     295,539     299,874          3.0        3.0
    Kentucky ..............      91,472      95,536     101,535     107,648     112,396     117,233     120,266          1.2        1.2
    Louisiana .............     112,157     116,867     123,549     122,580     133,940     144,984     148,697          1.5        1.5
    Mississippi ...........      54,562      56,575      58,743      61,709      64,219      66,162      67,125           .7         .7
    North Carolina ........     194,634     204,329     221,629     241,220     260,628     272,934     275,615          2.8        2.7
    South Carolina ........      86,880      89,854      95,447     101,384     106,800     112,197     115,204          1.1        1.1
    Tennessee .............     136,821     142,051     151,738     162,228     170,771     177,401     182,515          1.8        1.8
    Virginia ..............     188,963     199,953     212,105     228,049     241,503     260,837     273,070          2.6        2.7
    West Virginia .........      36,315      37,220      38,281      39,024      40,525      40,926      42,368           .4         .4

  Southwest ...............     730,598     785,031     858,147     904,979     958,013   1,035,273   1,073,842         10.5       10.6
    Arizona ...............     104,586     112,882     122,273     132,897     144,596     153,469     160,687          1.6        1.6
    New Mexico ............      42,170      44,114      47,829      48,488      49,221      52,592      55,426           .5         .5
    Oklahoma ..............      69,960      74,855      79,423      82,189      85,389      90,942      93,855           .9         .9
    Texas .................     513,882     553,180     608,622     641,405     678,808     738,270     763,874          7.5        7.5

  Rocky Mountain ..........     214,923     230,695     249,183     266,375     287,132     315,341     324,139          3.2        3.2
    Colorado ..............     109,021     117,118     129,575     139,860     152,331     169,341     173,772          1.7        1.7
    Idaho .................      27,155      28,101      29,388      31,041      34,584      36,755      36,905           .4         .4
    Montana ...............      17,537      18,074      18,907      19,971      20,566      21,702      22,635           .2         .2
    Utah ..................      46,290      51,523      55,070      59,084      62,635      68,430      70,409           .7         .7
    Wyoming ...............      14,920      15,879      16,244      16,420      17,015      19,113      20,418           .2         .2

  Far West ................   1,269,700   1,344,712   1,442,365   1,548,113   1,667,945   1,815,689   1,853,781         18.4       18.3
    Alaska ................      24,791      25,774      26,575      24,651      25,550      28,129      28,581           .3         .3
    California ............     925,931     973,395   1,045,254   1,125,331   1,213,355   1,330,025   1,359,265         13.4       13.4
    Hawaii ................      37,243      37,490      38,537      39,371      40,662      42,524      43,710           .4         .4
    Nevada ................      49,377      54,564      59,248      63,786      69,534      75,533      79,220           .8         .8
    Oregon ................      81,092      91,709      97,510     102,943     110,374     121,383     120,055          1.2        1.2
    Washington ............     151,265     161,779     175,242     192,031     208,470     218,095     222,950          2.2        2.2
------------------------------------------------------------------------------------------------------------------------------------------
  r  Revised.
  p  Preliminary.
  Note:  Estimates may not add to totals due to rounding.
  Source:  U.S. Bureau of Economic Analysis

***************************************************************************************************************


                               Table 4. -- Real Gross State Product, 1995-2001
                                     [Millions of chained (1996) dollars]

---------------------------------------------------------------------------------------------------------------

                                 1995        1996        1997        1998       1999/r/     2000/r/     2001/p/
---------------------------------------------------------------------------------------------------------------
United States .............   7,433,965   7,715,901   8,093,396   8,502,663   8,882,613   9,298,227   9,335,399

  New England .............     422,524     439,596     463,498     488,673     511,623     549,341     549,472
    Connecticut ...........     120,792     124,157     132,620     138,159     142,699     151,987     152,985
    Maine .................      28,256      28,925      29,958      31,121      32,418      33,746      34,020
    Massachusetts .........     200,537     210,127     219,716     233,981     247,354     266,840     265,722
    New Hampshire .........      32,630      35,068      37,131      39,965      42,529      46,082      45,270
    Rhode Island ..........      26,182      26,656      28,766      29,541      30,058      33,349      33,451
    Vermont ...............      14,133      14,662      15,304      15,921      16,611      17,387      18,048

  Mideast .................   1,427,110   1,471,796   1,517,005   1,589,707   1,643,461   1,721,622   1,741,057
    Delaware ..............      28,236      29,001      30,142      30,594      31,961      33,381      35,745
    District of Columbia ..      49,737      48,505      49,265      49,613      51,291      54,080      56,077
    Maryland ..............     142,140     145,061     151,478     157,610     164,001     170,747     175,256
    New Jersey ............     275,002     285,738     294,088     304,851     316,040     332,927     332,897
    New York ..............     609,090     633,830     651,107     695,186     717,677     756,573     766,526
    Pennsylvania ..........     322,915     329,660     340,924     351,920     362,533     374,012     374,500

  Great Lakes .............   1,206,844   1,243,554   1,300,504   1,360,725   1,404,960   1,448,553   1,434,052
    Illinois ..............     364,080     375,949     394,497     411,417     424,851     441,904     441,797
    Indiana ...............     150,037     155,096     161,059     171,703     175,395     181,542     178,184
    Michigan ..............     258,329     265,130     275,991     285,449     299,525     306,437     297,475
    Ohio ..................     299,232     306,333     322,050     337,650     344,957     352,654     349,331
    Wisconsin .............     135,169     141,046     146,903     154,512     160,224     166,019     167,299

  Plains ..................     493,438     516,213     541,882     561,737     579,248     605,144     604,905
    Iowa ..................      73,111      76,976      81,541      82,332      84,376      87,454      86,968
    Kansas ................      65,618      68,160      72,113      74,830      77,480      79,919      80,680
    Minnesota .............     133,804     141,540     150,415     158,919     165,644     176,841     175,371
    Missouri ..............     141,926     146,537     153,392     158,123     161,395     166,677     167,370
    Nebraska ..............      45,247      47,772      48,924      50,296      52,047      53,517      53,563
    North Dakota ..........      14,988      15,855      15,819      16,884      16,825      17,787      17,757
    South Dakota ..........      18,744      19,372      19,673      20,323      21,456      22,937      23,165

  Southeast ...............   1,625,905   1,684,304   1,761,146   1,841,807   1,924,738   1,985,453   1,994,577
    Alabama ...............      96,624      99,286     102,646     106,367     110,426     112,295     112,026
    Arkansas ..............      54,689      56,796      58,585      59,967      63,207      64,046      63,701
    Florida ...............     350,565     366,318     382,250     400,891     420,176     438,639     446,482
    Georgia ...............     206,415     219,520     231,808     245,966     261,522     274,886     273,876
    Kentucky ..............      92,794      95,536     100,210     104,359     106,590     109,537     110,074
    Louisiana .............     116,496     116,867     120,699     120,783     129,495     125,733     125,295
    Mississippi ...........      55,420      56,575      57,794      59,893      61,797      62,295      61,527
    North Carolina ........     197,500     204,329     218,108     232,122     242,941     249,784     246,291
    South Carolina ........      87,750      89,854      94,252      98,360     102,379     106,108     106,485
    Tennessee .............     138,632     142,051     149,239     156,836     162,665     166,632     168,412
    Virginia ..............     192,486     199,953     207,892     218,406     224,464     236,945     241,539
    West Virginia .........      36,569      37,220      37,668      37,791      39,111      38,665      39,012

  Southwest ...............     747,594     785,031     844,386     892,737     935,268     974,776     992,959
    Arizona ...............     105,397     112,882     120,763     130,720     141,368     148,806     153,684
    New Mexico ............      42,708      44,114      47,621      49,554      50,305      52,361      54,930
    Oklahoma ..............      71,819      74,855      78,111      80,759      82,990      85,092      85,948
    Texas .................     527,685     553,180     597,889     631,688     660,534     688,473     698,547

  Rocky Mountain ..........     219,072     230,695     245,237     259,522     276,625     296,816     299,089
    Colorado ..............     111,244     117,118     127,314     135,590     145,524     158,173     159,308
    Idaho .................      27,395      28,101      29,322      31,015      34,688      37,089      36,832
    Montana ...............      17,858      18,074      18,614      19,422      19,898      20,461      20,708
    Utah ..................      46,965      51,523      53,999      57,011      59,683      63,565      63,933
    Wyoming ...............      15,617      15,879      15,983      16,470      16,852      17,528      18,254

  Far West ................   1,291,429   1,344,712   1,419,778   1,507,858   1,606,940   1,717,175   1,719,594
    Alaska ................      26,355      25,774      26,056      24,920      25,064      24,725      24,490
    California ............     941,853     973,395   1,029,232   1,096,091   1,169,845   1,258,449   1,260,041
    Hawaii ................      37,948      37,490      37,668      37,622      38,047      38,860      38,839
    Nevada ................      50,062      54,564      57,518      60,522      64,375      68,216      69,538
    Oregon ................      81,330      91,709      97,097     103,218     111,388     124,781     124,847
    Washington ............     153,987     161,779     172,216     185,474     198,264     202,812     202,470
---------------------------------------------------------------------------------------------------------------
Not allocated by state/1/.         -130           0         -35         -53        -330      -1,526      -1,146

  r  Revised.
  p  Preliminary.
  1. Equals total gross state product less the sum of gross state product of the states.
  Because the formula for the chain-type quantity indexes uses weights of more than one period
  the corresponding chained-dollar estimates are not additive.
  NOTE.  Chained (1996) dollar series are calculated as the product of the chain-type quantity
  index and the 1996 current-dollar value of the corresponding series, divided by 100.
  Source:  U.S. Bureau of Economic Analysis

Last updated: