Second Quarter Growth in Service Industries Widespread Across States

Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the second quarter of 2015. Overall, U.S. real GDP by state grew at an annual rate of 3.8 percent in the second quarter of 2015 after increasing 0.7 percent in the first quarter of 2015. Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to real U.S. economic growth in the second quarter.

GDP by State 1210

  • Finance and insurance grew 12.4 percent in the second quarter of 2015. This industry was the leading contributor to growth in 28 states and contributed 3.32 percentage points to real GDP growth in Delaware, 2.42 percentage points to growth in South Dakota, and 2.16 percentage points to growth in New York.
  • Professional, scientific, and technical services grew 7.6 percent in the second quarter of 2015. This industry contributed 0.52 percentage point to real GDP growth for the nation and contributed to growth in all 50 states and the District of Columbia.
  • Wholesale trade grew 8.4 percent in the second quarter of 2015. This industry contributed 0.50 percentage point to real GDP growth and was the leading contributor to growth in Arkansas, Kentucky, and Indiana.

For more information, read the full report.


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