Search Results for 'North Dakota'

Gross Domestic Product (GDP) by State: First Quarter 2018

GDP State

  • Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018. The percent change in real GDP in the first quarter ranged from 3.6 percent in Washington to –0.6 percent in North Dakota.
  • Real estate and rental and leasing along with information services were the leading contributors to the increase in real GDP nationally and in Washington, the fastest growing state. North Dakota was the only state with a decrease in first quarter real GDP. Mining and construction subtracted the most from growth in this state.
  • Real estate and rental and leasing increased 3.3 percent nationally—the eleventh consecutive quarter of growth. This industry contributed to growth in 47 states and the District of Columbia.
  • Information services increased 6.8 percent nationally. In addition to Washington, this industry was the leading contributor to the increase in real GDP in Colorado and contributed to growth in every other state and the District of Columbia.

Gross Domestic Product (GDP) by State: Fourth Quarter 2017

GDP by state graphic

• Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017. The percent change in real GDP ranged from 5.2 percent in Texas to –1.3 percent in North Dakota.

• Mining and construction were the leading contributors to the increase in real GDP in Texas, the fastest growing state. Agriculture, forestry, fishing, and hunting subtracted from growth in North Dakota and South Dakota—the only two states with decreases in fourth quarter real GDP.

• Durable goods manufacturing increased 7.2 percent nationally and contributed to growth in every state and the District of Columbia. This industry was the leading contributor to growth the increases in real GDP in five of the top ten fastest growing states.

For more information, read the full report.

State Personal Income Rises in 2017

State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota. The percent change in personal income across all states ranged from 4.8 percent in Washington to -0.3 percent in North Dakota.

Personal Income March22

  • Earnings increased 3.1 percent in 2017 and was a leading contributor to growth in personal income in most states, including the five fastest growing states—Washington, Idaho, Nevada, Utah, and Arizona.
  • For the nation, earnings increased in 22 of the 24 industries for which BEA prepares estimates. Earnings growth in three industries—health care and social assistance; professional, scientific, and technical services; and construction—were the leading contributors to overall growth in personal income.
  • State personal income increased 1.1 percent on average in the fourth quarter of 2017, after increasing 0.8 percent growth in the third quarter. The percent change in personal income across all states ranged from 1.5 percent in Nevada to 0.2 percent in North Dakota.

For more information, read the full report.

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