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Wednesday, January 24, 2018 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product (GDP) by State: Third Quarter 2017 Finance and Insurance Led Growth Across States in the Third Quarter Real gross domestic product (GDP) increased in every state and the District of Columbia in the third quarter of 2017. Real GDP by state growth in the third quarter ranged from 5.7 percent in Delaware to 0.5 percent in South Dakota. For the nation, 17 of 21 industry groups increased in the third quarter. Finance and insurance, durable goods manufacturing, and information services were the leading contributors to national economic growth. Finance and insurance increased 14.7 percent nationally and contributed to growth in every state and the District of Columbia. This industry was the leading contributor to growth in seven of the ten fastest growing states, including Delaware—the 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 fourth quarter 2017 will be released on May 4, 2018.
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