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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY, SEPTEMBER 2, 2015 Technical: Catherine Wang (202) 606-9670 Todd Siebeneck (202) 606-9705 Media: Jeannine Aversa (202) 606-2649 E-Mail: gdpbystate@bea.gov BEA 15−40 Quarterly Gross Domestic Product by State, 2005−2014 (Prototype Statistics) Today, the U.S. Bureau of Economic Analysis (BEA) is releasing prototype quarterly gross domestic product (GDP) by state statistics for 2005−2014. The quarterly GDP by state statistics are released for 21 industry sectors and are in both current and inflation-adjusted chained (2009) dollars. The new data are intended to provide a fuller description of the accelerations, decelerations, and turning points in economic growth at the state level, including key information about the impact of industry composition differences across states. Relative to the August 2014 release, the new prototype statistics incorporate new and revised source data and cover an additional year of economic activity. Statistics for the first quarter of 2015 are not being released as BEA continues to evaluate its methodology based on data users’ comments and evaluations received after the first release of prototype quarterly GDP by state statistics last September. Highlights The following highlights for 2014 demonstrate how the new quarterly GDP by state statistics supplement the detail on state-level economic activity provided by annual GDP by state statistics. In 2014: • • • Real GDP increased in all eight BEA regions. However, in the first quarter of 2014 GDP declined in five of the eight regions. The Plains region declined the most primarily due to a decline in agriculture, forestry, fishing, and hunting. The Southwest region was the fastest growing region primarily due to strong growth in mining during the third quarter. North Dakota was the fastest growing state, but a slowdown in mining contributed to much slower real GDP growth rates in the last two quarters compared with the peak growth rate in the second quarter. • • Mississippi and Alaska declined. However, both of these states ended 2014 with growth in the fourth quarter. Growth in Mississippi was primarily due to strong growth in nondurable goods manufacturing and Alaska primarily due to growth in mining. Most states experienced quarters of both positive and negative real GDP growth. However, in a few states, such as Utah and Washington, real GDP consistently grew over all four quarters. Tables 1–3 show these results in more detail; complete detail is available on BEA’s website at www.bea.gov. Next Steps BEA plans additional outreach with data users to assess the new prototype statistics. Provided that user evaluations are positive, we plan to release new statistics for the first quarter of 2005 through the second quarter of 2015 in December. Availability of Data on BEA Website Prototype statistics of current-dollar and real GDP for each state and for the 21 industry sectors may be found on BEA’s Regional Economic Accounts webpage (http://www.bea.gov/regional/index.htm#news). More information on the statistics and the methodology will appear in an article in an upcoming issue of the Survey of Current Business, the monthly online journal of the Bureau of Economic Analysis. Explanatory Notes Definitions. GDP by state is the state counterpart of the Nation's gross domestic product (GDP), the Bureau's featured and most comprehensive measure of U.S. economic activity. GDP by state is derived as the sum of the GDP originating in all the industries in a state. Statistical convention. Quarterly estimates are expressed at seasonally adjusted annual rates. Percent changes are calculated from unrounded data and are annualized. Vintages. Quarterly GDP by state is consistent with the annual GDP by state released in June 2015 and the Annual Industry Accounts’ quarterly GDP by industry released in July 2015 These statistics do not incorporate the July 2015 annual revision of the national income and product accounts. Relation of GDP by State to U.S. Gross Domestic Product (GDP). An industry's GDP by state, or its value added, in practice, is calculated as the sum of incomes earned by labor and capital and the costs incurred in the production of goods and services. That is, it includes the wages and salaries that workers earn, the income earned by individual or joint entrepreneurs as well as by corporations, and business taxes such as sales, property, and Federal excise taxes--that count as a business expense. GDP is calculated as the sum of what consumers, businesses, and government spend on -2- final goods and services, plus investment and net foreign trade. In theory, incomes earned should equal what is spent, but due to different data sources, income earned, usually referred to as gross domestic income (GDI), does not always equal what is spent (GDP). The difference is referred to as the "statistical discrepancy." Quarterly GDP by state for the U.S. differs from the GDP in the national income and product accounts (NIPAs) and thus from the Annual Industry Accounts' GDP by industry, because the U.S. GDP by state excludes federal military and civilian activity located overseas, which cannot be attributed to a particular state. BEA’s national, international, regional, and industry statistics; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Website at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements. -3- Table 1. Real Gross Domestic Product (GDP) by State, 2014:I-2014:IV 2014 Millions of chained (2009) dollars Seasonally adjusted at annual rates 2014 I 1 United States ………….. 15,773,516 New England …………… 852,517 Connecticut …………… 232,620 Maine ………………… 50,979 Massachusetts ……… 424,991 New Hampshire ……… 66,276 Rhode Island ………… 50,544 Vermont ……………… 27,164 Mideast ………………… 2,876,279 Delaware ……………… 56,652 District of Columbia … 105,018 Maryland ……………… 321,288 New Jersey …………… 504,159 New York ……………… 1,279,921 Pennsylvania ………… 609,141 Great Lakes …………… 2,187,656 Illinois ………………… 680,448 Indiana ………………… 289,346 Michigan ……………… 417,306 Ohio …………………… 532,018 Wisconsin …………… 268,677 Plains …………………… 1,021,091 Iowa …………………… 152,482 Kansas ………………… 132,904 Minnesota …………… 288,145 Missouri ……………… 259,847 Nebraska ……………… 99,200 North Dakota ………… 48,233 South Dakota ………… 39,833 Southeast ……………… 3,365,475 Alabama ……………… 182,301 Arkansas ……………… 110,746 Florida ………………… 769,662 Georgia ……………… 435,511 Kentucky ……………… 171,850 Louisiana ……………… 215,968 Mississippi …………… 94,466 North Carolina ……… 440,333 South Carolina ……… 174,573 Tennessee …………… 275,826 Virginia ……………… 427,451 West Virginia ………… 68,035 Southwest ……………… 1,975,615 Arizona ……………… 260,799 New Mexico ………… 83,592 Oklahoma …………… 162,377 Texas ………………… 1,467,342 Rocky Mountain ……… 542,102 Colorado ……………… 279,650 Idaho ………………… 57,591 Montana ……………… 39,448 Utah …………………… 128,178 Wyoming ……………… 37,566 Far West ………………… 2,947,421 Alaska ………………… 48,742 California ……………… 2,113,280 Hawaii ………………… 70,532 Nevada ……………… 120,771 Oregon ………………… 203,788 Washington …………… 390,489 15,522,562 846,364 230,883 50,462 422,941 65,169 50,149 26,818 2,846,566 55,631 105,737 316,604 499,484 1,266,466 602,532 2,157,141 672,579 286,226 411,550 522,421 264,496 999,564 147,631 130,395 284,074 255,516 96,216 46,323 39,058 3,313,738 179,502 109,279 757,964 427,919 169,526 210,263 93,457 435,855 170,562 271,826 423,519 65,458 1,926,690 258,733 82,194 158,435 1,426,015 530,951 272,330 57,024 38,944 126,694 36,301 2,896,828 48,603 2,074,765 69,959 119,955 198,182 385,419 II 15,689,047 849,602 233,016 50,836 421,670 66,733 50,499 26,901 2,863,797 56,393 104,758 320,922 503,150 1,272,223 606,269 2,179,790 678,312 288,027 417,393 528,095 268,124 1,017,287 152,514 132,216 285,023 259,515 99,571 48,154 39,800 3,353,620 180,951 110,428 766,882 432,809 171,951 214,051 94,912 436,955 175,278 275,318 427,647 67,746 1,954,120 258,470 82,923 160,631 1,450,615 537,858 277,111 57,301 39,300 127,127 37,335 2,927,835 49,077 2,097,112 70,437 119,849 202,006 389,464 III 15,901,852 855,173 232,916 51,223 426,515 66,504 50,695 27,377 2,896,375 57,290 104,521 323,142 505,743 1,292,863 612,689 2,202,751 684,055 290,558 419,186 538,904 270,176 1,031,120 154,571 133,946 291,254 261,537 100,245 48,901 40,198 3,386,873 183,818 111,227 774,136 439,790 172,535 218,572 94,572 443,165 175,576 277,295 428,256 69,089 2,000,806 262,550 84,215 164,945 1,487,506 547,709 283,502 57,788 39,669 128,993 38,091 2,975,339 48,567 2,136,382 70,723 121,362 206,657 391,913 Percent change Seasonally adjusted at annual rates 2014 2014 IV 15,980,603 858,928 233,665 51,394 428,839 66,699 50,831 27,560 2,898,377 57,295 105,058 324,484 508,258 1,288,131 615,075 2,210,943 686,847 292,575 421,095 538,652 271,912 1,036,391 155,214 135,057 292,229 262,820 100,767 49,555 40,277 3,407,669 184,933 112,051 779,666 441,527 173,390 220,988 94,922 445,357 176,874 278,864 430,382 69,847 2,020,843 263,444 85,035 165,497 1,505,234 551,890 285,656 58,252 39,877 129,900 38,538 2,989,682 48,721 2,144,861 71,010 121,918 208,307 395,161 I 2.2 1.6 0.6 0.2 2.3 2.3 1.2 0.6 1.7 1.2 1.6 0.8 0.4 2.5 1.8 1.4 1.2 0.4 1.9 2.1 1.0 1.3 0.4 1.8 1.4 0.9 0.7 6.3 0.6 1.7 0.7 0.8 2.7 2.3 1.0 1.9 -1.2 1.4 2.2 1.7 0.0 5.1 4.3 1.4 1.0 2.8 5.2 3.9 4.7 2.7 1.8 3.1 5.1 2.7 -1.3 2.8 0.8 1.0 3.6 3.0 II -2.4 0.7 -2.0 -3.9 3.6 -1.3 -0.1 -4.2 -1.1 -7.6 8.3 -2.8 -3.4 -0.8 0.1 -2.7 -2.6 -4.2 -1.0 -2.1 -5.4 -6.8 -14.6 -3.2 -4.3 -5.6 -11.5 -0.3 -7.6 -2.6 -4.8 -5.0 -0.6 -1.1 -2.7 -3.3 -7.5 -2.9 -4.3 -0.9 -4.7 -3.7 0.3 -1.1 -4.5 -3.2 1.2 0.9 0.9 -1.3 -0.2 3.5 -2.4 -4.7 -4.2 -6.4 -2.0 -1.7 -2.7 2.2 III 4.4 1.5 3.7 3.0 -1.2 10.0 2.8 1.2 2.4 5.6 -3.7 5.6 3.0 1.8 2.5 4.3 3.5 2.5 5.8 4.4 5.6 7.3 13.9 5.7 1.3 6.4 14.7 16.8 7.8 4.9 3.3 4.3 4.8 4.7 5.8 7.4 6.4 1.0 11.5 5.2 4.0 14.7 5.8 -0.4 3.6 5.7 7.1 5.3 7.2 2.0 3.7 1.4 11.9 4.4 4.0 4.4 2.8 -0.4 7.9 4.3 IV 5.5 2.6 -0.2 3.1 4.7 -1.4 1.6 7.3 4.6 6.5 -0.9 2.8 2.1 6.6 4.3 4.3 3.4 3.6 1.7 8.4 3.1 5.6 5.5 5.3 9.0 3.2 2.7 6.4 4.1 4.0 6.5 2.9 3.8 6.6 1.4 8.7 -1.4 5.8 0.7 2.9 0.6 8.2 9.9 6.5 6.4 11.2 10.6 7.5 9.6 3.4 3.8 6.0 8.4 6.6 -4.1 7.7 1.6 5.1 9.5 2.5 1. The U.S. values may differ from the National Income and Product Account (NIPA) values because of revisions to the NIPA values as well as the GDP-by-state accounts excluding Federal military and civilian activity located overseas (because it cannot be attributed to a particular state). Source: U.S. Bureau of Economic Analysis 2.0 1.8 1.3 1.3 2.2 1.2 1.1 2.7 0.3 0.0 2.1 1.7 2.0 -1.5 1.6 1.5 1.6 2.8 1.8 -0.2 2.6 2.1 1.7 3.4 1.3 2.0 2.1 5.5 0.8 2.5 2.4 3.0 2.9 1.6 2.0 4.5 1.5 2.0 3.0 2.3 2.0 4.5 4.1 1.4 4.0 1.3 4.9 3.1 3.1 3.2 2.1 2.8 4.8 1.9 1.3 1.6 1.6 1.8 3.2 3.4 Table 2. Contributions to Percent Change in Real Gross Domestic Product (GDP) by State, 2014:III-2014:IV--Continues Seasonally adjusted at annual rates Percentage points Percent Agriculture, change in real GDP by state forestry, fishing, and hunting Mining United States1 ………….. 2.0 0.14 New England ………… 1.8 (D) Connecticut ………… 1.3 0.00 Maine ………………… 1.3 0.23 Massachusetts ……… 2.2 0.02 New Hampshire …… 1.2 0.05 Rhode Island ……… 1.1 (D) Vermont ……………… 2.7 0.18 Mideast ………………… 0.3 (D) Delaware …………… 0.0 (D) District of Columbia … 2.1 0.00 Maryland …………… 1.7 0.01 New Jersey ………… 2.0 0.01 New York …………… -1.5 0.04 Pennsylvania ……… 1.6 0.07 Great Lakes …………… 1.5 0.09 Illinois ………………… 1.6 -0.01 Indiana ……………… 2.8 0.17 Michigan …………… 1.8 0.13 Ohio ………………… -0.2 -0.02 Wisconsin …………… 2.6 0.43 Plains …………………… 2.1 0.49 Iowa ………………… 1.7 0.48 Kansas ……………… 3.4 1.45 Minnesota …………… 1.3 0.11 Missouri ……………… 2.0 -0.01 Nebraska …………… 2.1 1.88 North Dakota ……… 5.5 -0.61 South Dakota ……… 0.8 1.05 Southeast ……………… 2.5 0.11 Alabama …………… 2.4 0.50 Arkansas …………… 3.0 0.15 Florida ……………… 2.9 0.11 Georgia ……………… 1.6 0.11 Kentucky …………… 2.0 0.24 Louisiana …………… 4.5 -0.10 Mississippi ………… 1.5 0.39 North Carolina ……… 2.0 0.07 South Carolina ……… 3.0 0.14 Tennessee ………… 2.3 0.05 Virginia ……………… 2.0 0.04 West Virginia ……… 4.5 0.06 Southwest ……………… 4.1 0.22 Arizona ……………… 1.4 0.07 New Mexico ………… 4.0 0.57 Oklahoma …………… 1.3 0.38 Texas ………………… 4.9 0.21 Rocky Mountain ……… 3.1 0.32 Colorado …………… 3.1 0.23 Idaho ………………… 3.2 1.07 Montana …………… 2.1 0.18 Utah ………………… 2.8 0.09 Wyoming …………… 4.8 0.81 Far West ………………… 1.9 0.15 Alaska ……………… 1.3 0.22 California …………… 1.6 0.13 Hawaii ……………… 1.6 0.03 Nevada ……………… 1.8 0.03 Oregon ……………… 3.2 0.30 Washington ………… 3.4 0.19 (D) Data are suppressed to avoid disclosure of confidential information. 0.39 (D) 0.01 0.00 0.01 0.03 (D) 0.10 (D) (D) 0.00 0.00 -0.01 0.00 0.25 0.05 -0.03 -0.08 0.05 0.15 0.16 0.30 0.03 0.20 0.07 0.06 0.00 4.86 0.02 0.18 0.07 0.59 -0.01 0.02 0.29 0.42 0.10 0.06 0.02 0.09 0.06 4.37 2.00 0.28 1.47 2.30 2.29 1.08 1.25 0.24 0.53 0.63 3.17 0.09 0.69 0.08 0.00 0.38 0.02 0.05 Utilities -0.01 0.02 0.00 0.03 0.03 0.02 0.04 0.02 0.02 0.04 0.02 0.01 0.07 0.00 0.04 0.04 0.03 0.04 0.03 0.05 0.02 0.04 0.10 0.07 0.06 0.05 -0.11 0.02 -0.04 0.05 0.10 0.15 0.04 0.07 0.01 0.05 0.11 0.04 0.05 0.01 0.03 0.09 -0.28 -0.62 0.05 -2.61 0.01 -0.01 -0.02 -0.03 0.03 0.01 0.03 0.02 0.05 0.03 0.05 0.04 -0.03 0.02 Construction 0.10 0.06 0.03 -0.08 0.07 0.25 -0.02 0.02 -0.05 0.02 0.04 0.07 0.04 -0.16 0.02 0.04 0.13 0.02 0.06 -0.13 0.16 0.09 0.28 0.04 -0.04 0.11 -0.10 0.67 0.08 0.06 0.20 0.25 0.20 0.05 0.03 -0.34 -0.06 0.14 0.09 0.13 -0.03 -0.62 0.42 0.20 0.10 0.14 0.50 0.24 0.28 0.27 0.12 0.40 -0.40 0.12 0.33 0.12 -0.65 -0.08 0.11 0.30 Durable-goods manufacturing 0.02 0.12 0.11 0.03 0.12 0.11 0.16 0.29 0.00 0.06 0.00 0.03 0.03 -0.05 0.07 0.21 0.11 0.42 0.28 0.15 0.24 0.13 0.04 0.12 0.18 0.17 -0.02 0.15 0.17 0.07 0.22 0.25 0.11 -0.30 0.08 0.07 -0.02 0.16 0.24 0.15 0.09 0.01 -0.09 -0.11 0.07 0.03 -0.10 0.18 0.22 0.25 0.02 0.14 0.04 -0.17 -0.01 -0.55 0.02 0.16 1.09 1.07 Nondurablegoods manufacturing 0.51 0.31 0.29 0.57 0.30 0.30 0.16 0.30 0.34 0.36 0.01 0.27 0.58 0.18 0.58 0.77 0.75 1.33 0.30 0.81 0.85 0.48 0.28 0.69 0.51 0.55 0.42 0.47 0.17 0.72 0.65 0.77 0.15 0.50 0.78 3.31 0.95 1.04 0.69 0.65 0.37 0.32 0.64 0.16 0.29 0.21 0.79 -0.04 -0.34 0.20 0.65 0.15 0.48 0.34 0.12 0.36 0.11 0.14 0.21 0.40 Wholesale trade 0.27 0.21 0.18 0.29 0.21 0.19 0.24 0.21 0.17 0.14 0.01 0.17 0.35 0.09 0.21 0.29 0.30 0.25 0.33 0.26 0.33 0.28 0.43 0.20 0.25 0.21 0.06 0.80 0.62 0.26 0.14 0.22 0.35 0.42 0.21 0.17 0.14 0.23 0.31 0.31 0.12 -0.10 0.36 0.14 0.19 0.20 0.43 0.19 0.10 0.27 0.29 0.29 0.26 0.32 0.05 0.37 0.39 0.21 0.16 0.19 Retail trade -0.04 0.01 0.06 -0.12 -0.01 0.13 -0.16 -0.02 -0.06 -0.04 0.06 -0.02 -0.08 -0.11 0.00 -0.07 -0.07 -0.03 -0.09 -0.06 -0.07 -0.09 -0.03 -0.16 -0.06 -0.06 -0.07 -0.29 -0.23 0.00 -0.09 -0.09 0.09 0.06 -0.06 0.00 -0.22 0.01 -0.03 -0.05 -0.07 -0.11 -0.02 0.01 0.00 -0.03 -0.03 -0.07 -0.15 -0.24 -0.09 0.15 -0.01 -0.02 -0.08 -0.03 -0.22 -0.05 0.00 0.08 Transportation and warehousing -0.12 -0.12 -0.13 -0.15 -0.12 -0.12 -0.09 -0.10 -0.18 -0.17 -0.13 -0.15 -0.15 -0.22 -0.13 -0.16 -0.16 -0.12 -0.21 -0.14 -0.14 -0.17 -0.22 -0.17 -0.14 -0.12 -0.45 0.10 -0.21 -0.10 -0.08 -0.08 -0.13 -0.05 -0.10 -0.20 -0.15 -0.10 -0.08 -0.15 -0.03 0.04 -0.03 -0.02 -0.13 -0.37 0.01 -0.11 -0.14 -0.05 -0.27 0.02 -0.27 -0.12 -0.59 -0.08 -0.37 -0.17 -0.05 -0.20 Information Finance and insurance 0.14 0.32 0.29 0.09 0.41 0.18 0.23 0.14 0.13 0.12 0.29 0.17 0.16 0.05 0.23 0.13 0.18 0.07 0.06 0.14 0.21 0.21 0.08 0.34 0.24 0.25 0.15 0.04 0.20 0.19 0.15 0.20 0.28 0.55 0.16 0.20 0.09 -0.30 0.16 0.19 0.22 0.12 0.33 0.13 0.38 0.11 0.39 0.21 0.25 0.17 0.18 0.20 0.06 -0.13 0.08 0.03 -0.05 0.16 0.12 -1.29 1. The U.S. values may differ from the National Income and Product Account (NIPA) values because of revisions to the NIPA values as well as the GDP-by-state accounts excluding Federal military and civilian activity located overseas (because it cannot be attributed to a particular state). Source: U.S. Bureau of Economic Analysis -0.59 -0.78 -1.16 -0.63 -0.61 -0.82 -0.66 -0.40 -1.13 -2.17 -0.31 -0.53 -0.47 -1.83 -0.55 -0.62 -0.80 -0.38 -0.43 -0.75 -0.44 -0.74 -0.77 -0.58 -0.74 -0.86 -0.66 -0.46 -0.98 -0.46 -0.42 -0.32 -0.49 -0.70 -0.44 -0.34 -0.33 -0.51 -0.26 -0.47 -0.44 -0.05 -0.21 -0.46 -0.23 -0.29 -0.16 -0.27 -0.26 -0.12 -0.36 -0.37 -0.17 -0.40 -0.17 -0.44 -0.22 -0.34 -0.32 -0.30 Table 2. Contributions to Percent Change in Real Gross Domestic Product (GDP) by State, 2014:III-2014:IV--Table Ends Seasonally adjusted at annual rates Percentage points Professional, Real estate scientific, and and rental and technical leasing services 1 Management of companies and enterprises Administrative and waste management services Educational services Arts, Health care and entertainment, social assistance and recreation Accomodation and food services Other services, except government Government United States ………….. 0.20 0.45 0.03 0.10 -0.01 0.28 0.05 0.08 0.04 -0.04 New England …………… 0.34 0.60 0.09 0.07 0.00 0.32 0.05 0.06 0.03 0.02 Connecticut …………… 0.37 0.40 0.12 0.13 0.04 0.27 0.07 0.08 0.04 0.09 Maine ………………… 0.28 0.30 0.07 0.05 0.02 0.38 0.05 -0.02 -0.03 -0.02 Massachusetts ……… 0.38 0.79 0.08 0.06 -0.04 0.35 0.03 0.07 0.03 0.01 New Hampshire ……… -0.09 0.59 0.03 0.01 0.06 0.22 0.06 -0.03 0.02 -0.01 Rhode Island ………… 0.35 0.35 0.16 -0.07 0.09 0.34 0.00 0.07 0.04 -0.22 Vermont ……………… 0.71 0.38 0.02 0.08 0.05 0.41 0.06 0.13 0.04 0.05 Mideast ………………… 0.06 0.53 0.04 0.06 -0.11 0.26 0.07 0.07 0.02 -0.05 Delaware ……………… 0.66 0.51 0.01 0.11 0.00 0.28 0.04 0.05 0.02 -0.02 District of Columbia … -0.13 1.55 0.02 0.13 -0.04 0.15 0.09 0.07 0.07 0.18 Maryland ……………… 0.55 0.56 0.03 0.19 0.03 0.27 0.06 0.03 0.03 -0.11 New Jersey …………… 0.49 0.49 0.13 0.03 0.01 0.27 0.05 -0.06 0.01 0.07 New York ……………… -0.14 0.51 0.01 0.06 -0.23 0.24 0.08 0.13 0.00 -0.11 Pennsylvania ………… -0.14 0.44 0.06 0.02 -0.04 0.30 0.06 0.05 0.06 -0.04 Great Lakes …………… -0.25 0.39 0.07 0.14 0.03 0.24 0.03 0.05 0.04 -0.02 Illinois ………………… -0.04 0.52 0.05 0.13 0.05 0.25 0.06 0.07 0.03 0.09 Indiana ………………… 0.40 0.24 0.02 0.18 -0.05 0.19 0.04 0.02 0.05 0.01 Michigan ……………… 0.41 0.43 0.06 0.27 0.06 0.25 -0.05 -0.05 0.06 -0.11 Ohio …………………… -1.63 0.33 0.13 0.09 0.03 0.25 0.03 0.11 0.02 0.01 Wisconsin …………… 0.28 0.28 0.07 0.04 0.01 0.21 0.08 0.06 0.03 -0.23 Plains …………………… 0.28 0.30 -0.02 0.06 0.04 0.27 0.04 0.05 0.05 -0.03 Iowa …………………… 0.23 0.23 0.02 0.01 0.04 0.24 0.02 -0.03 0.01 0.20 Kansas ………………… 0.36 0.22 0.01 0.13 0.03 0.19 0.05 0.12 0.07 -0.02 Minnesota …………… 0.26 0.47 -0.22 0.06 0.06 0.31 0.01 0.05 0.06 -0.17 Missouri ……………… 0.54 0.33 0.12 0.11 0.04 0.30 0.08 0.07 0.03 0.02 Nebraska ……………… 0.22 0.21 0.02 0.11 0.00 0.25 0.05 0.03 0.07 0.04 North Dakota ………… -0.57 -0.08 0.07 -0.17 0.01 0.36 0.02 0.21 0.12 -0.25 South Dakota ………… -0.07 0.02 -0.04 -0.11 0.05 0.20 -0.01 -0.11 0.10 -0.07 Southeast ……………… 0.46 0.41 -0.03 0.12 0.02 0.28 0.06 0.10 0.05 -0.08 Alabama ……………… 0.14 0.32 0.01 0.20 0.01 0.21 0.01 0.11 0.07 -0.08 Arkansas ……………… 0.16 0.16 0.19 0.06 0.01 0.25 0.03 0.16 0.00 -0.10 Florida ………………… 0.73 0.50 0.03 0.11 0.01 0.38 0.11 0.16 0.08 0.09 Georgia ……………… 0.10 0.48 -0.24 0.15 0.02 0.24 0.06 0.09 0.05 -0.13 Kentucky ……………… 0.23 0.27 -0.01 0.16 0.02 0.30 0.01 0.11 0.01 -0.31 Louisiana ……………… 0.77 0.21 0.04 0.08 0.03 0.18 0.01 0.07 0.08 -0.23 Mississippi …………… 0.14 0.06 0.00 0.06 0.04 0.24 0.07 0.07 0.04 -0.23 North Carolina ……… 0.47 0.43 -0.17 0.11 0.05 0.26 0.05 0.07 0.05 -0.19 South Carolina ……… 0.60 0.32 0.01 0.26 0.01 0.25 0.05 0.09 0.04 0.04 Tennessee …………… 0.32 0.35 0.04 0.14 0.01 0.32 0.05 0.09 0.04 0.00 Virginia ……………… 0.73 0.58 0.01 0.07 0.02 0.22 0.04 0.03 0.03 -0.07 West Virginia ………… -0.18 0.32 0.07 0.06 0.01 0.34 -0.04 -0.04 -0.01 -0.20 Southwest ……………… -0.33 0.39 -0.01 0.17 0.03 0.38 -0.03 0.12 0.05 -0.04 Arizona ……………… 0.44 0.31 0.00 0.37 -0.02 0.47 0.02 0.12 -0.03 -0.08 New Mexico ………… 0.60 0.47 0.03 0.07 0.03 0.26 0.00 -0.02 0.14 -0.38 Oklahoma …………… 0.44 0.20 0.04 0.27 0.01 0.22 0.01 0.03 0.12 -0.05 Texas ………………… -0.59 0.42 -0.02 0.13 0.04 0.39 -0.05 0.14 0.05 -0.01 Rocky Mountain ……… 0.46 0.34 0.06 -0.06 -0.04 0.28 0.09 0.10 0.00 0.12 Colorado ……………… 0.65 0.34 0.08 -0.18 0.03 0.28 0.15 0.15 -0.01 0.15 Idaho ………………… 0.05 0.38 0.04 0.08 0.01 0.36 0.08 0.06 0.05 0.12 Montana ……………… 0.21 0.33 0.02 0.06 0.01 0.29 0.04 0.08 0.03 -0.23 Utah …………………… 0.32 0.35 0.07 0.08 -0.26 0.27 0.00 0.09 -0.02 0.24 Wyoming ……………… 0.38 0.22 0.02 0.11 0.00 0.19 0.04 -0.12 0.04 -0.10 Far West ………………… 0.62 0.53 0.08 0.11 0.00 0.28 0.10 0.08 0.02 -0.06 Alaska ………………… 0.32 0.22 0.01 0.18 0.01 0.24 0.04 -0.01 0.06 -0.49 California ……………… 0.37 0.62 0.06 0.11 0.01 0.26 0.11 0.09 0.01 -0.06 Hawaii ………………… 1.54 0.18 0.09 0.32 0.01 0.25 0.11 0.38 -0.07 -0.28 Nevada ……………… 0.46 0.29 0.16 0.02 0.03 0.30 0.13 -0.05 0.05 -0.03 Oregon ………………… 0.27 0.33 0.21 0.12 0.00 0.38 0.03 0.04 0.08 0.17 Washington …………… 2.06 0.29 0.08 0.08 -0.05 0.28 0.04 0.02 0.09 -0.05 (D) Data are suppressed to avoid disclosure of confidential information. 1. The U.S. values may differ from the National Income and Product Account (NIPA) values because of revisions to the NIPA values as well as the GDP-by-state accounts excluding Federal military and civilian activity located overseas (because it cannot be attributed to a particular state). Source: U.S. Bureau of Economic Analysis Table 3. Current-Dollar Gross Domestic Product (GDP) by State, 2014:I-2014:IV 2014 I 1 United States ………….. 17,316,314 New England …………… 924,937 Connecticut …………… 253,036 Maine ………………… 55,838 Massachusetts ……… 459,937 New Hampshire ……… 71,552 Rhode Island ………… 54,960 Vermont ……………… 29,613 Mideast ………………… 3,143,366 Delaware ……………… 62,756 District of Columbia … 115,473 Maryland ……………… 348,631 New Jersey …………… 549,099 New York ……………… 1,404,518 Pennsylvania ………… 662,890 Great Lakes …………… 2,391,384 Illinois ………………… 745,875 Indiana ………………… 317,840 Michigan ……………… 451,516 Ohio …………………… 583,261 Wisconsin …………… 292,891 Plains …………………… 1,131,518 Iowa …………………… 170,613 Kansas ………………… 147,075 Minnesota …………… 316,204 Missouri ……………… 284,462 Nebraska ……………… 112,159 North Dakota ………… 55,136 South Dakota ………… 45,867 Southeast ……………… 3,695,095 Alabama ……………… 199,440 Arkansas ……………… 121,395 Florida ………………… 839,944 Georgia ……………… 476,483 Kentucky ……………… 188,602 Louisiana ……………… 251,397 Mississippi …………… 104,851 North Carolina ……… 483,126 South Carolina ……… 190,304 Tennessee …………… 300,604 Virginia ………………… 463,613 West Virginia ………… 75,337 Southwest ……………… 2,208,652 Arizona ………………… 284,156 New Mexico …………… 92,959 Oklahoma …………… 183,501 Texas ………………… 1,648,036 Rocky Mountain ……… 600,485 Colorado ……………… 306,663 Idaho ………………… 63,952 Montana ……………… 44,269 Utah …………………… 141,410 Wyoming ……………… 44,190 Far West ………………… 3,220,878 Alaska ………………… 57,080 California ……………… 2,311,616 Hawaii ………………… 77,389 Nevada ……………… 132,064 Oregon ………………… 215,677 Washington …………… 427,052 Millions of dollars Seasonally adjusted at annual rates 2014 II III IV 16,941,430 911,347 249,336 54,800 454,249 69,842 54,103 29,016 3,087,518 61,094 115,482 341,031 539,958 1,378,213 651,740 2,341,059 731,827 311,837 441,951 569,274 286,169 1,100,382 163,845 143,510 309,764 277,624 108,006 53,026 44,607 3,611,976 195,091 119,172 820,194 464,398 184,763 244,942 103,016 474,030 184,447 293,594 455,777 72,551 2,158,213 279,983 91,326 179,582 1,607,322 586,172 297,603 62,850 43,560 138,911 43,247 3,144,765 57,371 2,254,347 76,067 130,191 208,459 418,329 17,225,767 919,972 252,980 55,588 455,425 71,895 54,795 29,289 3,124,845 62,375 114,998 347,513 546,906 1,393,589 659,464 2,379,809 742,805 315,952 450,755 578,218 292,079 1,128,959 171,071 146,670 312,677 283,834 113,017 55,649 46,042 3,678,954 197,789 121,242 835,308 472,890 188,758 250,163 105,377 478,625 190,658 299,506 463,004 75,635 2,197,472 281,409 92,715 182,935 1,640,414 597,652 304,561 63,818 44,273 140,214 44,786 3,198,105 58,253 2,292,655 77,104 131,057 213,520 425,517 17,497,215 929,812 253,856 56,240 462,636 71,929 55,245 29,905 3,172,793 63,646 115,136 351,349 552,068 1,422,242 668,352 2,413,833 751,601 320,434 454,491 592,046 295,262 1,144,482 173,281 148,403 320,114 286,961 113,402 56,012 46,310 3,728,938 201,541 122,108 846,535 482,335 189,951 255,368 105,184 488,209 191,892 303,206 465,780 76,828 2,241,598 286,590 93,817 186,687 1,674,503 607,987 311,506 64,264 44,569 142,686 44,962 3,257,772 56,996 2,341,652 77,758 133,104 218,898 429,364 17,600,843 938,616 255,972 56,726 467,436 72,542 55,697 30,244 3,188,307 63,908 116,273 354,629 557,465 1,424,029 672,003 2,430,835 757,269 323,139 458,866 593,508 298,053 1,152,247 174,256 149,718 322,264 289,431 114,213 55,858 46,508 3,760,513 203,338 123,060 857,738 486,308 190,936 255,113 105,829 491,637 194,220 306,109 469,891 76,333 2,237,326 288,644 93,977 184,799 1,669,905 610,129 312,981 64,878 44,674 143,830 43,765 3,282,871 55,700 2,357,810 78,629 133,905 221,829 434,997 2014 I 100.0 5.3 1.5 0.3 2.7 0.4 0.3 0.2 18.2 0.4 0.7 2.0 3.2 8.1 3.8 13.8 4.3 1.8 2.6 3.4 1.7 6.5 1.0 0.8 1.8 1.6 0.6 0.3 0.3 21.3 1.2 0.7 4.9 2.8 1.1 1.5 0.6 2.8 1.1 1.7 2.7 0.4 12.8 1.6 0.5 1.1 9.5 3.5 1.8 0.4 0.3 0.8 0.3 18.6 0.3 13.3 0.4 0.8 1.2 2.5 Percent of the U.S. Seasonally adjusted at annual rates 2014 II III 100.0 5.4 1.5 0.3 2.7 0.4 0.3 0.2 18.2 0.4 0.7 2.0 3.2 8.1 3.8 13.8 4.3 1.8 2.6 3.4 1.7 6.5 1.0 0.8 1.8 1.6 0.6 0.3 0.3 21.3 1.2 0.7 4.8 2.7 1.1 1.4 0.6 2.8 1.1 1.7 2.7 0.4 12.7 1.7 0.5 1.1 9.5 3.5 1.8 0.4 0.3 0.8 0.3 18.6 0.3 13.3 0.4 0.8 1.2 2.5 100.0 5.3 1.5 0.3 2.6 0.4 0.3 0.2 18.1 0.4 0.7 2.0 3.2 8.1 3.8 13.8 4.3 1.8 2.6 3.4 1.7 6.6 1.0 0.9 1.8 1.6 0.7 0.3 0.3 21.4 1.1 0.7 4.8 2.7 1.1 1.5 0.6 2.8 1.1 1.7 2.7 0.4 12.8 1.6 0.5 1.1 9.5 3.5 1.8 0.4 0.3 0.8 0.3 18.6 0.3 13.3 0.4 0.8 1.2 2.5 100.0 5.3 1.5 0.3 2.6 0.4 0.3 0.2 18.1 0.4 0.7 2.0 3.2 8.1 3.8 13.8 4.3 1.8 2.6 3.4 1.7 6.5 1.0 0.8 1.8 1.6 0.6 0.3 0.3 21.3 1.2 0.7 4.8 2.8 1.1 1.5 0.6 2.8 1.1 1.7 2.7 0.4 12.8 1.6 0.5 1.1 9.6 3.5 1.8 0.4 0.3 0.8 0.3 18.6 0.3 13.4 0.4 0.8 1.3 2.5 1. The U.S. values may differ from the National Income and Product Account (NIPA) values because of revisions to the NIPA values as well as the GDP-by-state accounts excluding Federal military and civilian activity located overseas (because it cannot be attributed to a particular state). Source: U.S. Bureau of Economic Analysis IV 100.0 5.3 1.5 0.3 2.7 0.4 0.3 0.2 18.1 0.4 0.7 2.0 3.2 8.1 3.8 13.8 4.3 1.8 2.6 3.4 1.7 6.5 1.0 0.9 1.8 1.6 0.6 0.3 0.3 21.4 1.2 0.7 4.9 2.8 1.1 1.4 0.6 2.8 1.1 1.7 2.7 0.4 12.7 1.6 0.5 1.0 9.5 3.5 1.8 0.4 0.3 0.8 0.2 18.7 0.3 13.4 0.4 0.8 1.3 2.5
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