Search Results for 'North Dakota'

Gross Domestic Product by State: Second Quarter 2016

Real gross domestic product (GDP) increased in 41 states and the District of Columbia in the second quarter of 2016, 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 4.3 percent in Nebraska to –5.6 percent in North Dakota. Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to U.S. economic growth in the second quarter.

gdp-by-state-dec-7

  • Transportation and warehousing grew 14.0 percent in the second quarter of 2016. This industry contributed to growth in 47 states and the District of Columbia and contributed 0.97 percentage point to the 2.3 percent growth in Nevada.
  • Health care and social assistance grew 4.7 percent in the second quarter. This industry contributed to growth in every state and the District of Columbia.
  • Professional, scientific, and technical services grew 3.7 percent in the second quarter—the ninth consecutive quarter of growth for this industry. This industry contributed to growth in 47 states and the District of Columbia.

For more information, read the full report.

Personal Consumption Expenditures by State, 2015

Growth in state personal consumption expenditures (PCE) – the measure of goods and services purchased by or on behalf of households – decelerated to 3.6 percent in 2015 from 4.4 percent in 2014. In 2015, growth in PCE was largely concentrated in the Far West and Rocky Mountain regions.

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  • In 2015, growth in total PCE ranged from 1.5 percent in Wyoming to 5.0 percent Florida.
  • Health care was the leading contributor to growth in total PCE by state. Health care expenditures grew on average 6.0 percent. They grew fastest in Oregon (9.2%), Colorado (8.9%), and North Dakota (8.2%) and contributed more than 1.0 percentage points to the total PCE growth in these states.
  • Housing and utilities was the second largest contributor to growth in total PCE by state. Housing and utilities expenditures grew on average 4.2 percent. They grew fastest in North Dakota (8.6%), Florida (5.9%), and Colorado (5.9%) and contributed more than 1.0 percentage point to total PCE growth in these states.
  • Across all states and the District of Columbia, per capita total PCE in 2015 was $38,196. It ranged from a high of $49,717 in Massachusetts to a low of $29,330 in Mississippi.

For more information, read the full report.

Gross Domestic Product by State: First Quarter 2016

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the first quarter of 2016, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis.  Real GDP by state growth, at an annual rate, ranged from 3.9 percent in Arkansas   to –11.4 percent in North Dakota.  Construction; health care and social assistance; and retail trade were the leading contributors to U.S. economic growth in the first quarter.

GDP by State July 27

  • Construction grew 9.0 percent in the first quarter of 2016—the eighth consecutive quarter of growth for this industry.  This industry contributed to growth in 47 states and the District of Columbia and 1.1 percentage points to the 1.7 percent growth in real GDP in Hawaii.
  • Health care and social assistance grew 3.8 percent in the first quarter.  This industry contributed to growth in every state and the District of Columbia.
  • Retail trade grew 4.8 percent in the first quarter.  This industry contributed to growth in 47 states and the District of Columbia and 0.59 percentage point to the 3.9 percent growth in Washington.

For more information, read the full report.

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