Widespread State Economic Growth in 2012

gdp_by_state_2012• Real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2012. Leading industry contributors were durable-goods manufacturing, finance and insurance, and wholesale trade.

• Durable-goods manufacturing was the largest contributor to U.S. real GDP by state growth in 2012. This industry was the leading contributor to real GDP growth in 22 states, contributing 2.87 percentage points to growth in Oregon and 1.70 percentage points to growth in Indiana.

• Finance and insurance was the leading contributor to growth in the Mideast region and contributed 0.75 percentage point or more to real GDP growth in Utah, South Dakota, and Delaware.

• Wholesale trade contributed to real GDP growth in 48 states and the District of Columbia.

• In North Dakota, the fastest growing state in 2012, mining contributed 3.26 percentage points to real GDP growth.

• In contrast, agriculture, forestry, fishing, and hunting subtracted from real GDP growth in 6 of 8 BEA regions and in 35 states in 2012.

• Per capita real GDP ranged from a high of $61,183 in Delaware to a low of $28,944 in Mississippi. Per capita real GDP for the U.S. was $42,784.

To learn more about gross domestic product by state, read the full report.



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