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Tuesday, April 7, 2020 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product by State: 4th Quarter 2019 Washington had the fastest growth in the fourth quarter Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia. • Retail trade increased 7.4 percent nationally and contributed to growth in all 50 states and the District of Columbia. This industry was the leading contributor to the increase in real GDP in Washington, the fastest growing state. • Finance and insurance increased 5.1 percent nationally and contributed to growth in all 50 states and the District of Columbia. This industry was the leading contributor to growth in Arizona, the third fastest growing state. • Government increased 2.7 percent nationally and contributed to growth in 49 states and the District of Columbia. This industry was the leading contributor to growth in Utah, the second fastest growing state. BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: GDP by state for the first quarter 2020 will be released on July 7, 2020.
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