The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Wednesday, July 27, 2016 Contact: Jeannine Aversa, 301.278.9003 Gross Domestic Product by State: First Quarter 2016 Construction Led Growth Across States in the First Quarter 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. 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. BEA statistics—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.