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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, WEDNESDAY, MARCH 2, 2016 Technical: Catherine Wang (202) 606-9670 Todd Siebeneck (202) 606-9705 Media: Jeannine Aversa (202) 606-2649 E-Mail: gdpbystate@bea.gov BEA 16-11 Retail Trade Led Growth Across States in the Third Quarter Gross Domestic Product by State, 3rd quarter 2015 Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Overall, U.S. real GDP by state growth slowed to an annual rate of 1.9 percent in the third quarter of 2015 after increasing 3.8 percent in the second quarter. Retail trade; health care and social assistance; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth in the third quarter. Retail trade grew 7.1 percent in the third quarter of 2015. This industry contributed 0.41 percentage point to U.S. real GDP growth and contributed to growth in 49 states and the District of Columbia. Nevada was the lone exception. Retail trade was the leading contributor to growth in 13 states and contributed 0.63 percentage point to real GDP growth in Arizona and 0.62 percentage point to real GDP growth in Washington. Health care and social assistance grew 5.5 percent in the third quarter of 2015. This industry contributed 0.39 percentage point to U.S. real GDP growth and contributed to growth in 49 states and the District of Columbia. North Dakota was the lone exception. Health care and social assistance contributed more than half a percentage point to real GDP growth in Maine, Wisconsin, Arizona, and Indiana. Agriculture, forestry, fishing, and hunting grew 37.5 percent in the third quarter of 2015. This industry contributed 0.36 percentage point to real GDP growth for the nation and was the largest contributor to real GDP growth in the Plains region. Agriculture, forestry, fishing, and hunting contributed 6.91 percentage points to real GDP growth in South Dakota, 5.41 percentage points to growth in Kansas, and 4.79 percentage points to growth in Nebraska. Other highlights South Dakota, the fastest growing state in the nation, grew 9.2 percent in the third quarter of 2015. Agriculture, forestry, fishing, and hunting was the largest contributor to the state’s growth. Wholesale trade declined 5.8 percent in the third quarter after an increase in the second quarter of 2015. This industry subtracted 0.36 percentage point from U.S. real GDP growth and subtracted from growth in every state and the District of Columbia. Mining declined 8.3 percent for the nation in the third quarter of 2015. This industry slowed growth in most mining states and subtracted more than a percentage point from real GDP growth in North Dakota, West Virginia, Oklahoma, and Wyoming. Tables 1–3 show these results in more detail; complete detail is available on BEA's Web site at www.bea.gov. The next quarterly GDP by state release is scheduled for June 14, 2016 and will cover the fourth quarter of 2015 in addition to annual 2015 (advance) statistics. Please note: BEA plans to accelerate the release of GDP by state statistics for the first quarter of 2016 to July 27 at 8:30 a.m. (EDT) from September 7, as originally scheduled. 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. The statistics of real GDP by state are prepared in chained (2009) dollars. Real GDP by state is an inflation-adjusted measure of each state's gross product that is based on national prices for the goods and services produced within that state. The statistics of real GDP by state and quantity indexes with a reference year of 2009 were derived by applying national chain-type price indexes to the current-dollar values of GDP by state for the 21 NAICS-based industry sectors. -2- The chain-type index formula that is used in the national accounts is then used to calculate the values of total real GDP by state and real GDP by state at more aggregated industry levels. Real GDP by state may reflect a substantial volume of output that is sold to other states and countries. To the extent that a state's output is produced and sold in national markets at relatively uniform prices (or sold locally at national prices), real GDP by state captures the differences across states that reflect the relative differences in the mix of goods and services that the states produce. However, real GDP by state does not capture geographic differences in the prices of goods and services that are produced and sold locally. 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 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, the measurement of income earned, usually referred to as gross domestic income (GDI), does not always equal the measurement of what is spent (GDP). The difference is referred to as the "statistical discrepancy." 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 Web site 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. Percent Change in Real Gross Domestic Product (GDP) by State, 2014:I-2015:III Seasonally adjusted at annual rates 2014 2014 I 1 United States ………….. New England …………… Connecticut ……………. Maine …………………… Massachusetts ………… New Hampshire ……….. Rhode Island ………….. Vermont ………………… Mideast ………………….. Delaware ……………….. District of Columbia ….. Maryland ……………….. New Jersey ……………. New York ………………. Pennsylvania …………… Great Lakes …………….. Illinois ………………….. Indiana …………………. Michigan ……………….. Ohio …………………….. Wisconsin ……………… Plains …………………….. Iowa …………………….. Kansas …………………. Minnesota ……………… Missouri ………………… Nebraska ………………. North Dakota …………… South Dakota ………….. Southeast ………………… Alabama ……………….. Arkansas ………………. Florida …………………… Georgia ………………… Kentucky ………………. Louisiana ……………….. Mississippi …………….. North Carolina ………….. South Carolina ………… Tennessee ……………… Virginia ………………….. West Virginia ………….. Southwest ……………….. Arizona ………………….. New Mexico ……………. Oklahoma ………………. Texas ……………………. Rocky Mountain ………… Colorado ……………….. Idaho …………………….. Montana ………………… Utah …………………….. Wyoming ……………….. Far West …………………. Alaska …………………… California ……………….. Hawaii ………………….. Nevada …………………. Oregon ………………….. Washington ……………. 2.2 1.6 1.0 -0.1 2.1 2.2 1.6 0.3 2.0 2.9 2.2 1.2 1.3 2.7 1.5 1.3 1.0 1.2 1.6 1.4 1.2 1.7 1.6 1.4 1.8 0.6 2.3 7.0 2.3 2.0 1.5 1.5 2.7 2.7 1.2 1.5 0.0 2.9 2.1 1.5 0.4 4.4 4.0 2.4 1.8 2.9 4.5 4.0 5.0 2.7 2.0 2.7 5.2 2.3 -1.4 2.3 0.4 3.3 2.4 3.1 II -1.2 1.6 -1.1 -3.2 3.9 1.7 2.6 -4.3 0.0 -4.7 8.2 -1.4 -1.9 0.3 0.7 -1.7 -2.5 0.2 -0.5 -1.4 -4.5 -3.6 -7.1 -3.8 -3.2 -2.4 -1.4 -3.1 -6.7 -1.1 -1.4 -1.2 0.1 0.0 -2.5 -2.8 -3.0 0.5 -4.1 -0.4 -2.8 -3.5 1.3 0.5 -1.6 -1.1 1.9 1.4 2.7 -3.8 -3.3 3.1 -0.7 -4.2 -2.6 -6.1 -1.3 2.2 -2.5 3.1 2015 III 4.3 2.4 4.2 2.3 0.7 7.3 3.1 2.1 3.3 9.4 -2.6 5.6 4.2 3.4 1.4 3.9 3.5 2.4 4.0 3.7 6.6 6.9 11.9 5.5 3.6 3.9 10.5 18.8 12.7 4.9 4.4 3.9 4.1 5.1 5.6 8.1 5.0 2.7 9.0 5.2 3.5 13.0 5.2 2.3 4.7 4.7 5.8 5.4 6.6 3.4 7.1 2.1 9.2 3.8 0.3 3.6 1.8 3.4 5.8 5.3 IV 4.7 3.5 1.1 3.0 5.2 1.3 2.7 6.2 4.3 6.5 0.6 2.6 2.8 5.9 3.9 3.8 2.8 3.5 2.6 6.4 3.4 3.9 2.9 5.3 6.6 2.1 1.4 5.0 1.7 3.9 6.1 2.7 4.2 5.8 2.3 5.6 -0.8 5.5 1.6 2.5 1.3 6.5 7.7 4.9 6.7 8.8 8.1 6.5 8.1 4.6 3.4 4.6 8.1 5.0 -0.3 5.4 1.2 5.6 8.0 2.8 I 1.7 2.5 -0.4 4.4 3.6 3.5 3.8 3.4 1.1 -4.3 0.3 -1.3 0.7 1.8 2.0 0.5 -0.7 2.8 0.7 -0.1 1.7 1.2 0.1 1.4 0.5 0.8 3.9 7.8 -2.1 2.2 -1.3 3.7 2.8 2.0 3.4 1.2 0.9 3.1 2.7 2.7 0.9 3.5 2.2 -0.1 6.0 -1.2 2.8 6.1 6.9 6.8 1.0 4.6 10.5 1.5 7.6 0.6 -1.2 5.8 0.8 4.9 II 0.7 -2.7 0.1 -10.3 -1.7 -8.9 -3.4 -9.2 -1.4 1.5 7.2 2.2 0.5 -4.0 -0.7 -1.5 3.5 -4.5 -2.8 -3.6 -4.6 -5.0 -15.6 -4.7 2.3 -2.5 -8.5 -10.4 -14.8 0.4 2.4 -2.6 3.1 1.6 -1.7 -1.5 -1.5 1.2 -0.5 -2.2 -1.3 -7.7 3.9 1.1 -8.0 6.5 4.8 1.6 1.3 -2.4 10.1 3.8 -6.1 5.6 5.2 6.8 3.4 -0.3 6.5 1.6 Rank 2015:II2015:III III 3.8 4.2 4.8 4.2 4.0 3.8 4.0 3.0 4.7 5.7 3.9 4.6 4.7 5.0 4.1 3.8 2.9 3.4 4.5 4.5 3.9 3.8 4.5 2.8 4.5 3.6 4.3 -1.2 5.8 3.9 2.2 4.0 5.1 3.8 3.7 2.4 3.6 4.1 3.5 3.8 4.3 -2.0 0.6 3.2 1.2 -2.4 0.5 3.5 3.2 4.9 3.2 5.2 -2.3 4.9 0.4 4.4 5.1 5.5 3.9 8.0 1.9 2.0 1.6 2.5 2.2 1.7 2.1 2.1 1.4 1.0 1.4 2.4 1.5 0.7 2.5 2.5 1.6 3.7 2.9 2.3 3.1 4.0 6.4 6.5 2.9 2.8 5.4 -3.4 9.2 2.0 2.2 1.9 2.0 2.0 2.3 1.6 1.9 2.8 2.6 2.1 1.2 -2.0 0.4 2.2 0.5 0.1 0.1 2.6 2.4 3.9 3.5 2.9 0.3 1.9 -1.2 2.1 3.8 0.7 2.2 0.8 ....... ....... 35 16 24 34 27 28 ....... 40 ....... 19 38 42 17 ....... 36 7 12 21 9 ....... 3 2 11 13 4 50 1 ....... 22 33 31 30 20 37 32 14 15 26 39 49 ....... 25 44 47 46 ....... 18 5 8 10 45 ....... 48 29 6 43 23 41 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-bystate accounts excluding Federal military and civilian activity located overseas, which cannot be attributed to a particular state. Source: U.S. Bureau of Economic Analysis Table 2. Contributions to Percent Change in Real Gross Domestic Product (GDP) by State, 2015:II-2015:III--Continues Seasonally adjusted at annual rates Percentage points Percent Agriculture, change in real GDP by state forestry, fishing, and hunting Mining United States1 ………….. 1.9 0.36 New England …………… 2.0 (D) Connecticut ……………. 1.6 0.01 Maine …………………… 2.5 0.05 Massachusetts ………… 2.2 0.00 New Hampshire ……….. 1.7 0.03 Rhode Island ………….. 2.1 (D) Vermont ………………… 2.1 0.38 Mideast ………………….. 1.4 (D) Delaware ……………….. 1.0 (D) District of Columbia ….. 1.4 0.00 Maryland ……………….. 2.4 0.08 New Jersey ……………. 1.5 -0.01 New York ………………. 0.7 0.03 Pennsylvania …………… 2.5 0.10 Great Lakes …………….. 2.5 0.45 Illinois ………………….. 1.6 0.39 Indiana …………………. 3.7 0.51 Michigan ……………….. 2.9 0.40 Ohio …………………….. 2.3 0.36 Wisconsin ……………… 3.1 0.82 Plains …………………….. 4.0 2.49 Iowa …………………….. 6.4 4.32 Kansas …………………. 6.5 5.41 Minnesota ……………… 2.9 1.08 Missouri ………………… 2.8 0.47 Nebraska ………………. 5.4 4.79 North Dakota …………… -3.4 0.16 South Dakota ………….. 9.2 6.91 Southeast ………………… 2.0 0.21 Alabama ……………….. 2.2 0.29 Arkansas ………………. 1.9 0.51 Florida …………………… 2.0 0.04 Georgia ………………… 2.0 0.15 Kentucky ………………. 2.3 0.69 Louisiana ……………….. 1.6 0.19 Mississippi …………….. 1.9 0.46 North Carolina ………….. 2.8 0.11 South Carolina ………… 2.6 0.29 Tennessee ……………… 2.1 0.24 Virginia ………………….. 1.2 0.20 West Virginia ………….. -2.0 0.64 Southwest ……………….. 0.4 0.41 Arizona ………………….. 2.2 0.10 New Mexico ……………. 0.5 0.29 Oklahoma ………………. 0.1 1.01 Texas ……………………. 0.1 0.40 Rocky Mountain ………… 2.6 0.79 Colorado ……………….. 2.4 0.51 Idaho …………………….. 3.9 1.81 Montana ………………… 3.5 1.83 Utah …………………….. 2.9 0.32 Wyoming ……………….. 0.3 1.90 Far West …………………. 1.9 0.02 Alaska …………………… -1.2 0.01 California ……………….. 2.1 0.01 Hawaii ………………….. 3.8 -0.05 Nevada …………………. 0.7 0.07 Oregon ………………….. 2.2 0.01 Washington ……………. 0.8 0.07 (D) Data are suppressed to avoid disclosure of confidential information. -0.15 (D) 0.00 0.00 0.00 -0.01 (D) -0.05 (D) (D) 0.00 0.00 0.00 0.00 -0.14 -0.03 -0.03 -0.01 -0.01 -0.07 -0.04 -0.09 -0.01 -0.06 -0.04 -0.03 -0.01 -1.40 0.00 -0.12 -0.08 -0.18 -0.01 -0.01 -0.18 -0.81 -0.12 -0.01 -0.01 -0.03 -0.03 -1.81 -0.69 -0.05 -0.61 -1.57 -0.72 -0.28 -0.09 -0.07 -0.26 -0.19 -2.44 -0.08 -0.93 -0.06 0.01 -0.44 -0.01 -0.01 Utilities -0.01 -0.03 -0.05 -0.05 -0.01 -0.04 -0.02 -0.05 -0.04 0.01 0.00 -0.02 -0.04 -0.07 -0.03 -0.02 -0.02 0.01 -0.02 -0.03 -0.04 -0.01 -0.02 0.00 -0.01 0.00 -0.11 0.08 0.02 -0.03 0.00 0.00 -0.04 -0.02 0.00 -0.11 -0.05 -0.04 -0.03 -0.01 -0.01 0.14 0.03 -0.03 0.02 -0.08 0.06 0.00 -0.01 0.01 -0.03 0.03 -0.01 0.00 0.01 0.00 -0.10 0.07 -0.07 0.05 Construction 0.28 0.25 0.24 0.25 0.27 0.21 0.16 0.30 0.32 0.24 0.04 0.32 0.25 0.34 0.39 0.16 0.20 0.07 0.19 0.13 0.21 0.29 0.57 0.37 0.26 0.24 0.28 -0.40 0.39 0.32 0.40 0.53 0.40 0.30 0.42 0.51 0.31 0.28 0.35 0.26 0.12 -0.32 0.24 0.31 0.33 0.60 0.18 0.29 0.29 0.42 0.25 0.23 0.37 0.29 0.48 0.27 1.08 0.44 0.23 0.19 Durable-goods manufacturing 0.07 0.17 0.21 0.18 0.13 0.43 0.10 0.09 0.06 0.03 0.00 0.06 0.08 0.09 -0.01 0.24 0.02 0.51 0.62 0.08 0.21 0.11 0.04 0.09 0.18 0.16 0.02 -0.16 0.27 0.11 0.24 -0.09 0.09 0.05 0.32 -0.22 0.12 0.26 0.18 0.16 0.08 -0.07 -0.28 0.16 -0.10 -0.33 -0.37 0.19 0.07 0.36 0.07 0.45 0.03 0.07 0.02 0.09 -0.03 -0.33 0.45 -0.05 Nondurablegoods manufacturing 0.24 0.17 0.15 0.26 0.18 0.06 0.18 0.14 0.14 0.26 0.01 -0.02 0.25 0.07 0.28 0.39 0.31 0.78 0.28 0.41 0.31 0.15 0.19 0.15 0.06 0.26 0.10 0.16 0.03 0.40 0.30 0.24 0.10 0.30 0.51 1.62 0.48 0.63 0.29 0.34 0.31 0.15 0.28 0.06 -0.01 0.01 0.36 0.22 0.21 0.34 0.29 0.25 -0.04 0.09 0.24 0.07 0.04 0.09 0.09 0.16 Wholesale trade -0.36 -0.31 -0.34 -0.29 -0.29 -0.33 -0.28 -0.32 -0.37 -0.21 -0.13 -0.22 -0.44 -0.40 -0.40 -0.32 -0.40 -0.16 -0.30 -0.33 -0.30 -0.45 -0.30 -0.37 -0.56 -0.34 -0.24 -1.53 -0.42 -0.39 -0.39 -0.57 -0.38 -0.44 -0.55 -0.25 -0.35 -0.40 -0.36 -0.36 -0.36 -0.28 -0.35 -0.17 -0.41 -0.07 -0.41 -0.45 -0.39 -0.35 -0.46 -0.62 -0.40 -0.33 -0.19 -0.34 -0.23 -0.18 -0.23 -0.40 Retail trade 0.41 0.36 0.37 0.54 0.29 0.51 0.46 0.48 0.34 0.28 0.08 0.37 0.40 0.34 0.32 0.40 0.31 0.43 0.46 0.40 0.50 0.40 0.37 0.41 0.40 0.42 0.36 0.30 0.49 0.44 0.53 0.36 0.56 0.42 0.34 0.27 0.47 0.36 0.59 0.47 0.35 0.23 0.44 0.63 0.34 0.34 0.42 0.40 0.40 0.49 0.40 0.42 0.19 0.44 0.26 0.44 0.49 -0.02 0.38 0.62 Transportation and warehousing 0.03 0.08 0.06 0.15 0.09 0.08 0.05 0.07 0.10 0.13 0.08 0.04 0.15 0.09 0.14 0.02 0.00 0.05 -0.01 0.07 0.01 -0.09 -0.09 0.02 -0.02 -0.02 -0.53 -0.30 0.02 0.03 -0.01 -0.15 0.06 0.02 0.10 -0.24 -0.01 0.06 0.03 0.08 0.08 0.04 -0.06 -0.06 -0.01 -0.08 -0.06 0.02 0.08 0.02 -0.13 0.05 -0.43 0.06 -0.47 0.06 0.19 -0.08 0.11 0.12 Information Finance and insurance 0.02 0.04 0.00 -0.04 0.10 -0.02 -0.09 -0.01 -0.09 -0.05 0.18 -0.03 0.00 -0.20 -0.03 0.01 0.02 0.00 -0.09 0.03 0.12 0.00 0.03 -0.03 -0.04 0.02 0.08 -0.01 -0.03 0.03 -0.04 0.04 -0.01 0.05 0.05 0.15 -0.01 0.12 0.04 0.02 -0.03 -0.17 0.13 0.09 -0.02 -0.02 0.16 0.10 0.03 -0.08 0.01 0.37 -0.02 0.03 0.06 0.17 -0.15 0.14 0.13 -0.78 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, which cannot be attributed to a particular state. Source: U.S. Bureau of Economic Analysis -0.09 -0.04 -0.08 -0.04 -0.03 0.07 -0.04 -0.08 -0.27 -0.45 0.02 -0.11 -0.19 -0.48 -0.02 -0.04 -0.08 0.00 0.07 -0.11 0.00 0.02 0.42 -0.05 -0.02 -0.10 -0.07 -0.16 0.29 -0.03 -0.04 -0.02 -0.03 -0.16 0.01 -0.03 -0.01 0.05 -0.03 -0.02 0.03 -0.16 -0.14 0.33 0.00 -0.01 -0.24 -0.03 -0.12 0.02 0.02 0.11 0.10 -0.06 -0.06 -0.06 -0.05 0.01 -0.02 -0.11 Table 2. Contributions to Percent Change in Real Gross Domestic Product (GDP) by State, 2015:II-2015:III--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 ………….. -0.02 0.27 0.10 0.13 0.05 0.39 0.07 0.06 -0.01 0.05 New England …………… -0.01 0.37 0.09 0.15 0.08 0.45 0.07 0.07 -0.01 0.05 Connecticut ……………. 0.06 0.27 0.03 0.16 0.07 0.38 0.06 0.05 -0.02 0.01 Maine …………………… 0.00 0.18 0.09 0.15 0.03 0.58 0.10 0.07 0.03 0.25 Massachusetts ………… -0.12 0.51 0.12 0.14 0.10 0.49 0.06 0.08 -0.01 0.10 New Hampshire ……….. 0.16 0.14 0.05 0.07 0.02 0.40 0.05 0.05 -0.02 -0.22 Rhode Island ………….. 0.34 0.22 0.24 0.26 0.05 0.34 0.12 0.07 -0.02 -0.02 Vermont ………………… -0.06 0.29 0.05 0.10 0.08 0.50 0.05 0.14 -0.01 0.04 Mideast ………………….. 0.08 0.29 0.09 0.10 0.11 0.43 0.08 0.05 0.01 0.01 Delaware ……………….. -0.07 0.23 0.07 0.08 0.02 0.35 0.08 0.05 -0.01 -0.02 District of Columbia ….. 0.07 0.46 0.02 0.09 0.24 0.43 0.01 0.01 0.08 -0.31 Maryland ……………….. 0.57 0.41 0.04 0.13 0.09 0.36 0.05 0.04 -0.01 0.27 New Jersey ……………. 0.14 0.16 0.06 0.12 0.11 0.31 0.08 0.08 0.01 -0.02 New York ………………. -0.28 0.28 0.09 0.09 0.13 0.47 0.08 0.05 0.04 -0.04 Pennsylvania …………… 0.55 0.33 0.16 0.08 0.08 0.48 0.09 0.02 -0.03 0.10 Great Lakes …………….. 0.13 0.26 0.10 0.12 0.01 0.42 0.06 0.04 -0.03 0.10 Illinois ………………….. 0.10 0.28 0.06 0.13 -0.02 0.30 0.07 0.03 -0.04 -0.04 Indiana …………………. 0.20 0.19 0.06 0.07 0.04 0.52 0.05 0.05 -0.04 0.36 Michigan ……………….. 0.11 0.37 0.10 0.19 0.03 0.44 0.07 0.06 -0.01 -0.08 Ohio …………………….. 0.19 0.18 0.13 0.10 0.00 0.43 0.05 0.03 -0.03 0.25 Wisconsin ……………… 0.01 0.24 0.16 0.10 0.04 0.57 0.02 0.06 -0.05 0.13 Plains …………………….. 0.20 0.17 0.14 0.11 0.04 0.39 0.07 0.02 -0.03 0.11 Iowa …………………….. 0.29 0.16 0.03 0.06 0.07 0.33 0.10 -0.02 -0.04 -0.15 Kansas …………………. -0.03 0.26 0.13 0.10 0.04 0.33 0.05 0.02 -0.03 -0.28 Minnesota ……………… 0.31 0.15 0.20 0.14 0.05 0.50 0.09 0.02 -0.04 0.21 Missouri ………………… 0.38 0.16 0.15 0.15 0.05 0.44 0.07 0.06 -0.03 0.34 Nebraska ………………. -0.15 0.05 0.16 0.01 0.02 0.37 0.06 0.05 0.03 0.15 North Dakota …………… -0.33 0.22 0.05 -0.01 0.04 -0.01 -0.01 -0.11 -0.05 0.00 South Dakota ………….. 0.29 0.22 0.14 0.15 -0.03 0.36 0.06 0.03 -0.04 0.09 Southeast ………………… 0.06 0.19 0.11 0.14 0.03 0.38 0.07 0.06 -0.02 0.00 Alabama ……………….. 0.11 0.18 0.04 0.08 0.03 0.40 0.03 0.05 -0.02 0.15 Arkansas ………………. 0.16 0.17 0.29 0.25 0.01 0.46 0.03 -0.02 -0.03 -0.07 Florida …………………… 0.09 0.21 0.13 0.14 0.04 0.48 0.16 0.12 -0.01 -0.15 Georgia ………………… 0.23 0.19 0.13 0.20 0.01 0.34 0.03 0.04 -0.02 0.19 Kentucky ………………. 0.01 0.11 0.06 0.09 0.01 0.41 0.03 0.05 -0.02 -0.18 Louisiana ……………….. -0.28 0.31 0.05 0.10 0.04 0.36 0.02 0.06 -0.05 -0.11 Mississippi …………….. -0.08 0.04 0.05 0.27 0.01 0.26 0.02 0.05 -0.05 0.08 North Carolina ………….. 0.44 0.21 0.14 0.12 0.03 0.33 0.06 0.05 0.01 -0.05 South Carolina ………… 0.01 0.21 0.05 0.19 0.02 0.36 0.07 0.13 -0.02 0.27 Tennessee ……………… 0.03 0.04 0.10 0.19 0.03 0.43 0.04 0.06 -0.02 0.09 Virginia ………………….. -0.28 0.22 0.09 0.13 0.01 0.24 0.05 0.03 -0.03 0.04 West Virginia ………….. -0.51 0.03 0.06 -0.14 0.04 0.34 -0.02 -0.19 -0.01 0.02 Southwest ……………….. -0.71 0.26 0.10 0.21 0.06 0.40 0.01 0.10 0.00 -0.02 Arizona ………………….. -0.59 0.28 0.13 0.23 0.03 0.52 0.08 0.09 0.01 0.02 New Mexico ……………. 0.24 0.12 0.02 0.09 0.02 0.40 0.03 0.00 -0.06 -0.20 Oklahoma ………………. -0.18 0.25 0.03 0.07 0.08 0.26 -0.02 -0.07 0.00 -0.12 Texas ……………………. -0.85 0.26 0.11 0.23 0.07 0.40 0.00 0.12 0.00 -0.01 Rocky Mountain ………… 0.31 0.29 0.09 -0.01 0.02 0.33 0.12 0.07 -0.03 0.18 Colorado ……………….. 0.54 0.23 0.12 -0.09 0.00 0.30 0.14 0.05 -0.05 0.18 Idaho …………………….. 0.01 0.16 0.06 0.17 0.03 0.42 0.04 0.04 -0.05 0.07 Montana ………………… 0.26 0.23 0.03 0.08 0.02 0.45 0.16 0.02 0.00 0.30 Utah …………………….. -0.02 0.56 0.06 0.08 0.05 0.35 0.12 0.08 0.01 0.18 Wyoming ……………….. 0.28 0.13 0.00 0.00 0.01 0.20 0.07 0.20 -0.06 0.22 Far West …………………. 0.03 0.39 0.11 0.15 0.03 0.32 0.10 0.09 0.00 0.11 Alaska …………………… -0.28 -0.09 0.05 -0.07 0.01 0.03 0.05 -0.07 -0.03 -0.20 California ……………….. 0.16 0.46 0.09 0.15 0.03 0.32 0.11 0.08 -0.01 0.05 Hawaii ………………….. 1.84 -0.05 0.03 0.15 -0.01 0.41 0.08 0.10 0.04 0.00 Nevada …………………. -0.96 0.17 0.30 0.38 0.04 0.38 0.08 0.47 0.02 0.06 Oregon ………………….. -0.19 0.22 0.25 0.03 0.08 0.37 0.05 0.02 0.00 0.33 Washington ……………. -0.55 0.29 0.15 0.17 0.03 0.31 0.09 0.07 0.05 0.36 (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, which 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:III-2015:III III 1 Millions of dollars Seasonally adjusted at annual rates 2014 2015 IV I II United States …………..………… 17,406,306 New England …………………920,942 Connecticut ……………. 252,266 Maine …………………… 54,592 Massachusetts ………… 458,934 New Hampshire ……….. 70,783 Rhode Island ………….. 54,786 Vermont ………………… 29,581 Mideast ………………….. 3,162,009 Delaware ……………….. 64,637 District of Columbia ….. 116,528 Maryland ……………….. 350,313 New Jersey ……………. 556,366 New York ………………. 1,411,157 Pennsylvania …………… 663,008 Great Lakes …………….. 2,391,113 Illinois ………………….. 742,689 Indiana …………………. 320,674 Michigan ……………….. 451,741 Ohio …………………….. 583,564 Wisconsin ……………… 292,445 Plains …………………….. 1,135,780 Iowa …………………….. 171,815 Kansas …………………. 145,953 Minnesota ……………… 320,996 Missouri ………………… 281,837 Nebraska ………………. 111,731 North Dakota …………… 56,773 South Dakota ………….. 46,674 Southeast ………………… 3,718,421 Alabama ……………….. 203,235 Arkansas ………………. 120,711 Florida …………………… 845,779 Georgia ………………… 480,166 Kentucky ………………. 189,217 Louisiana ……………….. 255,577 Mississippi …………….. 105,194 North Carolina ………….. 486,846 South Carolina ………… 190,946 Tennessee ……………… 299,371 Virginia ………………….. 465,742 West Virginia ………….. 75,638 Southwest ……………….. 2,233,746 Arizona ………………….. 289,368 New Mexico ……………. 92,798 Oklahoma ………………. 186,270 Texas …………………….1,665,310 Rocky Mountain ………… 603,015 Colorado ……………….. 309,520 Idaho …………………….. 63,551 Montana ………………… 44,570 Utah …………………….. 140,992 Wyoming ……………….. 44,383 Far West …………………. 3,241,277 Alaska …………………… 56,546 California ……………….. 2,330,796 Hawaii ………………….. 76,638 Nevada …………………. 136,130 Oregon ………………….. 215,839 Washington ……………. 425,328 17,499,778 931,303 253,235 55,503 465,231 71,783 55,585 29,966 3,183,722 64,162 117,111 350,926 560,279 1,423,884 667,360 2,403,965 744,507 324,114 454,968 585,613 294,762 1,141,339 172,236 146,621 322,515 283,573 113,101 56,817 46,476 3,749,460 203,313 121,873 856,685 484,775 191,014 254,155 105,743 492,265 193,242 302,810 468,784 74,800 2,218,989 290,166 93,313 182,936 1,652,574 609,077 313,504 64,714 44,555 142,727 43,577 3,261,919 55,824 2,341,241 76,961 138,195 217,365 432,333 17,532,450 931,517 255,189 54,310 466,545 70,604 55,486 29,384 3,191,066 64,780 120,100 355,359 564,928 1,418,908 666,991 2,408,263 755,502 321,972 455,035 583,172 292,582 1,127,458 165,391 144,555 325,597 283,285 110,690 53,385 44,555 3,762,664 205,155 120,737 869,147 489,535 190,083 249,231 105,431 495,828 194,273 302,805 469,781 70,658 2,191,795 291,614 89,804 180,342 1,630,035 605,039 312,003 64,137 45,208 144,000 39,691 3,314,647 53,466 2,386,653 78,310 137,867 222,472 435,880 17,796,276 946,108 259,661 55,137 473,606 71,632 56,323 29,750 3,244,853 66,150 121,798 360,969 573,947 1,444,406 677,582 2,443,478 764,817 326,538 462,252 592,899 296,971 1,143,606 168,089 146,219 330,782 287,207 112,208 53,686 45,415 3,818,227 207,303 122,492 883,735 496,180 192,874 252,965 106,880 503,745 196,887 307,125 476,919 71,123 2,215,351 295,445 90,810 181,089 1,648,007 614,404 316,535 65,202 45,799 146,697 40,170 3,370,249 54,256 2,424,033 79,595 140,608 225,661 446,096 2014 III 17,942,030 956,294 262,212 55,789 478,941 72,339 56,948 30,064 3,274,101 66,695 122,936 365,209 579,379 1,455,568 684,313 2,470,844 771,896 331,126 468,029 599,093 300,699 1,159,771 171,532 149,090 334,780 290,713 114,197 52,818 46,641 3,853,397 209,382 123,424 893,189 501,241 194,578 253,517 107,817 509,718 199,256 310,276 480,876 70,124 2,208,115 298,204 90,701 179,835 1,639,375 618,380 318,600 66,070 46,249 148,225 39,236 3,401,129 53,099 2,448,467 80,835 141,204 228,120 449,404 III 100.0 5.3 1.4 0.3 2.6 0.4 0.3 0.2 18.2 0.4 0.7 2.0 3.2 8.1 3.8 13.7 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 21.4 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 1.7 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 1.2 2.4 Percent of the U.S. Seasonally adjusted at annual rates 2015 IV I II 100.0 5.3 1.4 0.3 2.7 0.4 0.3 0.2 18.2 0.4 0.7 2.0 3.2 8.1 3.8 13.7 4.3 1.9 2.6 3.3 1.7 6.5 1.0 0.8 1.8 1.6 0.6 0.3 0.3 21.4 1.2 0.7 4.9 2.8 1.1 1.5 0.6 2.8 1.1 1.7 2.7 0.4 12.7 1.7 0.5 1.0 9.4 3.5 1.8 0.4 0.3 0.8 0.2 18.6 0.3 13.4 0.4 0.8 1.2 2.5 100.0 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 13.7 4.3 1.8 2.6 3.3 1.7 6.4 0.9 0.8 1.9 1.6 0.6 0.3 0.3 21.5 1.2 0.7 5.0 2.8 1.1 1.4 0.6 2.8 1.1 1.7 2.7 0.4 12.5 1.7 0.5 1.0 9.3 3.5 1.8 0.4 0.3 0.8 0.2 18.9 0.3 13.6 0.4 0.8 1.3 2.5 100.0 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 13.7 4.3 1.8 2.6 3.3 1.7 6.4 0.9 0.8 1.9 1.6 0.6 0.3 0.3 21.5 1.2 0.7 5.0 2.8 1.1 1.4 0.6 2.8 1.1 1.7 2.7 0.4 12.4 1.7 0.5 1.0 9.3 3.5 1.8 0.4 0.3 0.8 0.2 18.9 0.3 13.6 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, which cannot be attributed to a particular state. Source: U.S. Bureau of Economic Analysis III 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 3.3 1.7 6.5 1.0 0.8 1.9 1.6 0.6 0.3 0.3 21.5 1.2 0.7 5.0 2.8 1.1 1.4 0.6 2.8 1.1 1.7 2.7 0.4 12.3 1.7 0.5 1.0 9.1 3.4 1.8 0.4 0.3 0.8 0.2 19.0 0.3 13.6 0.5 0.8 1.3 2.5