July 26, 2017
Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first quarter of 2017, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 3.9 percent in Texas to –4.0 percent in Nebraska. Real estate and rental and leasing; mining; and durable-goods manufacturing were the leading contributors to U.S. economic growth in the first quarter.
- Texas was the fastest growing economy (3.9 percent), followed by West Virginia and New Mexico which grew 3.0 percent and 2.8 percent, respectively.
- Real estate and rental and leasing grew 2.7 percent nationally, contributing to real GDP growth in 44 states.
- Mining grew 21.6 percent nationally, contributing to real GDP growth in 48 states.
- Durable-goods manufacturing grew 4.4 percent nationally, contributing to real GDP growth in 47 states and the District of Columbia.
For more information, read the full report.