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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY, JUNE 11, 2014 Technical: Clifford Woodruff (202) 606-9234 Ralph Rodriguez (202) 606-9631 Media: Jeannine Aversa (202) 606-2649 E-Mail: gdpbystate@bea.gov BEA 14–25 Widespread But Slower Growth in 2013 Advance 2013 and Revised 1997–2012 Statistics of GDP by State Real gross domestic product (GDP) increased in 49 states in 2013, according to new statistics released today by the Bureau of Economic Analysis (BEA). 1 Nondurable-goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth. U.S. real GDP growth slowed to 1.8 percent in 2013 after increasing 2.5 percent in 2012. 2 1 Real GDP by state is an inflation-adjusted measure of each state’s production based on national prices for those goods and services produced within each state. For a further description, see the “Explanatory Notes” section in this release. 2 For an explanation of the small difference between real GDP by state and real GDP in the national income and product accounts (NIPAs), see the section “Relation of GDP by state to U.S. Gross Domestic Product.” Real GDP increased in all eight BEA regions. Growth accelerated in the Rocky Mountain and Plains regions. The Rocky Mountain region grew the fastest, led by Wyoming, which increased 7.6 percent. Nondurable-goods manufacturing was the largest contributor to U.S. real GDP by state growth in 2013. This industry increased 5.3 percent in 2013 after declining 0.5 percent in 2012. It was the leading contributor to growth in three of the eight BEA regions and in 10 states. Nondurable-goods manufacturing contributed 2.65 percentage points to growth in Louisiana and 1.19 percentage points to growth in Texas. Real estate and rental and leasing was also a leading contributor to U.S. real GDP by state growth. This industry increased 1.6 percent in 2013, down slightly from 2.2 percent in 2012. It contributed to growth in all eight BEA regions and was the leading contributor to growth in the New England region. Real estate and rental and leasing contributed 0.50 percentage point or more to growth in North Dakota, Nevada, and Massachusetts. Agriculture, forestry, fishing, and hunting contributed to real GDP growth in all eight BEA regions and in 49 states and the District of Columbia. It was the largest contributor to the growth in GDP in the Plains region. This industry contributed 1.36 percentage points or more to growth in North Dakota, South Dakota, Iowa, and Nebraska. -2- Comprehensive Revision of Gross Domestic Product by State The statistics released today reflect the results of the comprehensive revision of gross domestic product (GDP) by state for 1997–2012. This revision not only incorporates new and revised source data, but it also includes significant improvements in classification and statistical methods to more accurately portray the state economies. Significant changes introduced with this revision include: Updated industry definitions consistent with the 2007 North American Industry Classification System (NAICS) Results of the 2013 comprehensive revision of state personal income Results of the 2013 comprehensive revision of the national income and product accounts and the 2014 comprehensive revision of the annual industry accounts, which included the recognition of research and development (R&D) expenditures as capital, the capitalization of entertainment, literary, and other artistic originals, the expansion of the capitalization of the ownership transfer costs of residential fixed assets, the use of an improved accrual accounting treatment of transactions for defined benefit pension plans, and improved methods for computing financial services provided by commercial banks More detailed statistics of GDP by state are available on BEA’s interactive website at http://www.bea.gov/itable/index.cfm. Additional information on this revision will be available in an article in the July 2014 issue of the Survey of Current Business. Although mining was not a significant contributor to real GDP growth for the nation, it did play a key role in several states. This industry was a large contributor in five of the fastest growing states: North Dakota, Wyoming, West Virginia, Oklahoma, and Colorado. In North Dakota, the fastest growing state in 2013, mining contributed 3.61 percentage points to the state’s 9.7 percent growth in real GDP. By contrast, Alaska was the only state where real GDP decreased in 2013, primarily due to a decline in mining that resulted from lower output on the state’s North Slope. The government sector declined in six of the eight BEA regions, 39 states, and the District of Columbia, shaving 0.41 percentage point from growth in Georgia and Louisiana. A decline in the government sector was the primary factor for real GDP decreasing in 2013 in the District of Columbia, where the federal government accounts for nearly 32 percent of GDP. Per capita real GDP by state in 2013. Per capita real GDP ranged from a high of $70,113 in Alaska to a low of $32,421 in Mississippi. Per capita real GDP for the U.S. was $49,115. Tables 1–4 show these results in more detail; complete detail is available on BEA's Web site at www.bea.gov. The next release of GDP by state is planned for the summer of 2015. The release will include revised statistics for 1997–2013 and advance statistics for 2014. -3- Advance Statistics of GDP by State for 2013 by NAICS Sector The advance statistics of GDP by state for 2013 are based on source data that are incomplete or subject to further revision by the source agency. Revised statistics, based on more complete data, will be released in the summer of 2015. More information on the methodology used to produce the advance 2013 statistics, on the revised statistics of GDP by state for 1997–2012, and on revisions to the statistics of GDP by state will appear in an article in the July 2014 issue of the Survey of Current Business. 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 of 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 64 detailed NAICS-based industries for 1997 forward. 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 of 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, 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." Starting with the 2004 comprehensive revision, BEA's annual industry accounts and its accounts of GDP by state allocate the statistical discrepancy across all private-sector industries. -4- Therefore, the statistics of GDP by state are now conceptually more similar to the GDP statistics in the national accounts than they had been in the past. U.S. real GDP by state for the advance year, 2013, may differ from the Annual Industry Accounts' GDP by industry and, hence NIPA (National Income and Product Account) GDP, because of different sources and vintages of data used to estimate GDP by state and NIPA GDP. For the revised years of 1997–2012, U.S. GDP by state is nearly identical to GDP by industry except for small differences resulting from GDP by state’ exclusion of overseas Federal military and civilian activity (because it cannot be attributed to a particular state). The statistics of GDP by industry are identical to those from the 2013 annual revision of the NIPAs, released in July 2013. However, because of revisions since July 2013, GDP in the NIPAs may differ from U.S. GDP by 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. -5- Table 1. Real GDP by State, 2010-2013 Millions of chained (2009) dollars Percent change 2010 2011 2012 2013* 2010 2011 United States/1/………… 14,639,748 14,868,836 15,245,906 15,526,715 2.2 1.6 2012 2.5 2013* 1.8 2013 Rank * ....... New England …………. 815,964 823,281 836,644 847,683 2.4 0.9 1.6 1.3 ....... Connecticut …………… 231,643 229,513 231,809 233,996 0.7 -0.9 1.0 0.9 39 Maine ………………… 50,945 50,407 50,707 51,163 1.2 -1.1 0.6 0.9 41 Massachusetts ……… 396,122 404,929 414,144 420,748 3.4 2.2 2.3 1.6 28 New Hampshire ……… 62,187 62,872 63,538 64,118 3.0 1.1 1.1 0.9 40 Rhode Island ………… 48,719 48,649 49,262 49,962 2.4 -0.1 1.3 1.4 33 Vermont ……………… 26,349 26,924 27,207 27,723 4.4 2.2 1.1 1.9 22 Mideast ………………… 2,734,598 2,762,202 2,805,846 2,825,303 2.2 1.0 1.6 0.7 ....... Delaware ……………… 56,684 56,789 57,129 58,028 1.1 0.2 0.6 1.6 31 District of Columbia … 104,407 106,484 105,989 105,465 2.4 2.0 -0.5 -0.5 ....... 49 Maryland ……………… 313,016 318,242 322,188 322,234 2.8 1.7 1.2 0.0 New Jersey …………… 493,213 490,653 503,497 509,067 0.9 -0.5 2.6 1.1 37 New York ……………… 1,182,857 1,197,378 1,217,512 1,226,619 2.7 1.2 1.7 0.7 46 Pennsylvania ………… 584,412 592,630 599,523 603,872 2.3 1.4 1.2 0.7 47 Great Lakes …………… 2,053,348 2,089,965 2,130,977 2,164,187 3.3 1.8 2.0 1.6 ....... Illinois ………………… 645,829 656,145 665,613 671,407 1.4 1.6 1.4 0.9 42 Indiana ………………… 280,408 281,171 288,261 294,212 6.9 0.3 2.5 2.1 19 Michigan ……………… 385,779 394,201 400,232 408,218 5.3 2.2 1.5 2.0 21 Ohio …………………… 488,557 501,335 517,064 526,196 2.6 2.6 3.1 1.8 26 Wisconsin …………… 252,794 257,146 259,766 264,126 2.8 1.7 1.0 1.7 27 Plains …………………… 951,841 971,788 994,539 1,019,654 3.1 2.1 2.3 2.5 ....... Iowa …………………… 140,473 142,760 146,336 150,512 2.9 1.6 2.5 2.9 12 Kansas ………………. 124,521 129,243 129,726 132,153 3.1 3.8 0.4 1.9 23 Minnesota …………… 268,941 275,663 281,284 289,125 3.7 2.5 2.0 2.8 13 Missouri ……………… 255,496 253,146 256,183 258,135 1.9 -0.9 1.2 0.8 45 Nebraska ……………… 89,873 93,267 95,349 98,250 3.5 3.8 2.2 3.0 10 North Dakota ………… 34,564 37,735 45,385 49,772 7.5 9.2 20.3 9.7 1 South Dakota ………… 37,960 39,804 39,906 41,142 2.7 4.9 0.3 3.1 9 Southeast ……………… 3,204,796 3,222,513 3,284,667 3,337,240 1.9 0.6 1.9 1.6 ....... Alabama ……………… 172,998 175,159 179,312 180,727 2.3 1.2 2.4 0.8 43 Arkansas ……………… 110,065 111,829 113,056 115,745 4.0 1.6 1.1 2.4 16 Florida ………………… 721,007 718,174 734,274 750,511 -0.1 -0.4 2.2 2.2 18 Georgia ……………… 406,992 410,811 416,927 424,606 0.7 0.9 1.5 1.8 25 Kentucky ……………… 164,068 166,681 168,022 170,667 5.1 1.6 0.8 1.6 30 Louisiana ……………… 220,819 214,705 219,209 222,008 5.2 -2.8 2.1 1.3 34 Mississippi …………… 93,027 92,267 95,474 96,979 0.9 -0.8 3.5 1.6 29 North Carolina ………… 418,473 419,683 429,707 439,672 2.2 0.3 2.4 2.3 17 South Carolina ……… 162,616 167,704 170,212 172,176 1.6 3.1 1.5 1.2 35 Tennessee …………… 252,035 258,988 267,554 269,602 1.8 2.8 3.3 0.8 44 Virginia ………………… 417,978 420,802 426,133 426,423 2.9 0.7 1.3 0.1 48 West Virginia ………… 64,553 66,138 65,221 68,541 2.9 2.5 -1.4 5.1 3 Southwest ……………… 1,676,293 1,738,858 1,839,040 1,899,016 2.3 3.7 5.8 3.3 ....... Arizona ………………… 245,032 251,462 259,043 261,924 0.7 2.6 3.0 1.1 36 New Mexico …………… 81,179 82,096 83,057 84,310 -0.2 1.1 1.2 1.5 32 Oklahoma …………… 148,038 153,104 157,737 164,303 0.7 3.4 3.0 4.2 4 Texas ………………… 1,201,992 1,252,007 1,338,578 1,387,598 3.0 4.2 6.9 3.7 8 Rocky Mountain ……… 497,435 506,400 519,824 541,022 1.5 1.8 2.7 4.1 ....... 6 Colorado ……………… 252,035 255,866 263,593 273,721 1.6 1.5 3.0 3.8 Idaho ………………… 54,702 54,781 54,792 57,029 1.2 0.1 0.0 4.1 5 Montana ……………… 36,576 37,778 38,692 39,846 2.4 3.3 2.4 3.0 11 7 Utah …………………… 116,761 120,211 126,193 131,017 2.0 3.0 5.0 3.8 Wyoming ……………… 37,392 37,802 36,755 39,538 -1.3 1.1 -2.8 7.6 2 Far West ………………… 2,705,561 2,752,722 2,831,099 2,888,182 1.3 1.7 2.8 2.0 ....... Alaska ………………… 49,023 51,100 52,870 51,542 -1.9 4.2 3.5 -2.5 50 California ……………… 1,924,438 1,957,114 2,009,936 2,050,693 0.9 1.7 2.7 2.0 20 Hawaii ………………… 66,432 67,660 68,825 70,110 2.1 1.8 1.7 1.9 24 Nevada ………………… 119,242 120,217 122,698 123,903 -0.7 0.8 2.1 1.0 38 Oregon ………………… 190,136 197,832 205,723 211,241 5.5 4.0 4.0 2.7 14 Washington …………… 356,398 358,869 371,156 381,017 1.8 0.7 3.4 2.7 15 * Advance statistics 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). In addition, the advance year statistic (2013) may differ because of different sources and vintages of data used to estimate GDP by state. Source: U.S. Bureau of Economic Analysis Table 2. Contribution to Percent Change in Real GDP by State, 2012-2013--Continues Percentage points Percent change in real GDP by state Agriculture, forestry, fishing, NondurableMining Utilities Construction Durable-goods manufacturing and hunting Transportation Wholesale goods manufacturing Retail trade trade and Information Finance and insurance warehousing United States/1/…………….. 1.8 0.21 0.05 0.03 0.06 0.07 0.33 0.09 0.12 0.03 0.16 New England ……………… 1.3 (D) (D) 0.02 0.07 -0.03 0.04 0.09 0.08 -0.01 0.03 0.14 0.02 Connecticut ………………… 0.9 0.03 0.00 0.05 0.09 0.08 -0.08 0.02 0.06 -0.03 0.28 -0.15 Maine ……………………… 0.9 (D) (D) 0.05 -0.05 -0.02 -0.07 0.08 0.09 0.05 -0.02 0.21 Massachusetts …………… 1.6 0.01 0.01 0.01 0.10 -0.10 0.11 0.14 0.08 -0.01 -0.07 0.03 New Hampshire …………… 0.9 0.04 -0.09 0.05 0.06 -0.02 0.12 0.07 0.12 0.01 0.06 0.05 Rhode Island ……………… 1.4 0.00 -0.02 -0.08 -0.06 0.14 0.02 0.10 0.03 -0.04 -0.30 0.41 Vermont …………………… 1.9 0.29 0.03 0.03 0.01 -0.18 0.17 0.00 0.24 -0.03 0.05 0.10 Mideast ……………………… 0.7 (D) (D) 0.00 0.01 -0.02 -0.01 -0.01 0.10 0.00 0.13 0.04 Delaware …………………… 1.6 (D) (D) 0.09 0.14 -0.02 -0.09 -0.21 0.09 0.06 0.01 1.23 District of Columbia ……… -0.5 0.00 0.00 0.04 -0.06 0.00 0.00 0.01 0.03 -0.05 0.14 0.09 Maryland …………………… 0.0 0.07 -0.02 -0.10 -0.02 -0.05 -0.04 -0.04 0.03 -0.01 0.11 -0.03 New Jersey ………………… 1.1 0.04 0.01 -0.01 0.12 -0.03 0.05 0.06 0.13 0.02 -0.03 0.17 New York …………………… 0.7 0.05 0.00 0.01 0.02 -0.03 0.00 -0.04 0.16 -0.02 0.25 -0.13 0.17 Pennsylvania ……………… 0.7 0.13 0.15 0.02 -0.08 0.01 -0.06 0.01 0.02 0.03 0.02 Great Lakes ………………… 1.6 0.23 -0.08 0.04 -0.03 0.07 0.46 0.09 0.08 0.03 0.06 0.13 Illinois ……………………… 0.9 0.18 -0.17 0.02 -0.02 -0.18 0.48 0.08 0.05 0.00 0.01 -0.10 Indiana ……………………… 2.1 0.30 -0.22 0.07 -0.26 0.15 1.08 0.09 0.11 0.06 0.03 0.12 Michigan …………………… 2.0 0.21 0.01 0.06 -0.02 0.58 0.15 0.10 0.09 0.08 0.14 0.27 Ohio ………………………… 1.8 0.17 -0.05 0.01 0.01 0.06 0.51 0.08 0.06 0.02 0.04 0.35 Wisconsin …………………… 1.7 0.42 0.12 0.09 0.14 -0.14 0.08 0.13 0.13 -0.02 0.12 0.09 Plains ………………………… 2.5 0.81 0.16 0.04 0.08 0.11 0.23 0.13 0.11 0.03 -0.01 0.22 Iowa ………………………… 2.9 1.41 -0.02 0.04 0.10 0.09 0.15 0.16 0.11 0.03 0.04 0.43 Kansas ……………………… 1.9 0.60 -0.04 0.00 -0.04 -0.05 0.68 0.04 0.09 -0.01 0.11 0.09 Minnesota ………………… 2.8 0.62 0.04 0.10 0.14 0.06 0.46 0.16 0.15 -0.01 0.01 0.22 Missouri …………………… 0.8 0.24 -0.01 0.06 0.00 0.27 -0.12 0.02 0.02 0.08 -0.14 0.07 Nebraska …………………… 3.0 1.36 -0.04 -0.15 0.12 0.12 0.08 0.17 0.12 0.00 0.07 0.29 North Dakota ……………… 9.7 1.79 3.61 0.19 0.47 0.04 0.22 0.62 0.37 0.20 -0.01 0.19 South Dakota ……………… 3.1 1.67 -0.05 0.03 0.02 0.05 -0.02 0.23 0.14 -0.02 -0.07 0.71 Southeast …………………… 1.6 0.17 -0.03 0.05 0.01 0.11 0.32 0.12 0.16 0.08 0.08 0.18 Alabama …………………… 0.8 0.17 -0.20 0.01 -0.13 0.41 0.47 0.08 0.09 0.03 -0.04 0.10 Arkansas …………………… 2.4 0.54 1.03 0.23 -0.29 -0.02 0.02 0.11 0.14 0.00 0.11 0.02 Florida ……………………… 2.2 0.15 0.03 0.03 0.16 0.07 0.02 0.18 0.27 0.11 0.06 0.25 Georgia ……………………… 1.8 0.20 0.02 0.03 0.06 0.14 0.00 0.23 0.19 0.14 0.23 0.28 Kentucky …………………… 1.6 0.24 0.47 0.03 -0.02 0.34 0.42 0.09 0.03 0.00 -0.03 0.17 Louisiana …………………… 1.3 0.15 -2.42 0.08 0.08 0.05 2.65 0.14 0.16 0.18 0.02 0.10 Mississippi ………………… 1.6 0.46 -0.47 0.11 0.45 0.04 0.38 0.07 0.18 0.06 0.10 0.11 North Carolina ……………… 2.3 0.21 0.04 0.14 -0.02 0.25 0.33 0.15 0.20 0.05 0.12 0.39 South Carolina …………… 1.2 0.09 0.02 0.13 0.00 0.25 -0.05 0.08 0.18 0.07 0.05 0.15 Tennessee ………………… 0.8 0.13 0.01 0.01 -0.12 -0.12 0.22 0.01 0.03 0.11 0.04 -0.12 Virginia ……………………… 0.1 0.06 -0.13 -0.02 -0.09 0.01 0.03 0.03 0.09 0.02 0.07 0.13 West Virginia ……………… 5.1 0.02 5.49 -0.01 -0.34 -0.09 0.06 -0.10 0.05 0.02 -0.06 0.07 Southwest …………………… 3.3 0.14 0.61 0.00 0.16 0.06 0.93 0.17 0.16 -0.02 0.09 0.24 Arizona ……………………… 1.1 0.08 -0.11 -0.01 0.10 -0.04 0.06 -0.17 -0.03 -0.04 0.19 0.52 New Mexico ………………… 1.5 0.44 0.75 0.06 -0.13 -0.07 0.37 0.01 0.12 -0.08 -0.03 0.07 Oklahoma …………………… 4.2 0.33 2.48 0.10 0.28 0.06 0.47 0.14 0.18 0.04 -0.02 0.09 Texas ……………………… 3.7 0.10 0.52 -0.01 0.17 0.09 1.19 0.25 0.19 -0.02 0.09 0.22 Rocky Mountain …………… 4.1 0.35 1.38 -0.08 0.14 0.12 0.41 0.17 0.19 0.09 0.06 0.30 Colorado …………………… 3.8 0.22 1.62 -0.18 0.24 -0.03 0.16 0.15 0.15 0.14 0.07 0.28 Idaho ………………………… 4.1 1.14 0.43 0.02 0.13 0.33 0.35 0.36 0.36 0.02 -0.07 0.22 Montana …………………… 3.0 0.88 0.10 0.03 0.11 0.05 1.07 0.31 0.18 0.04 0.04 0.25 Utah ………………………… 3.8 0.11 0.22 0.00 0.05 0.41 0.61 0.13 0.24 0.08 0.15 0.48 Wyoming …………………… 7.6 0.41 6.12 0.02 -0.17 -0.02 0.95 0.03 0.04 -0.01 -0.02 0.06 Far West ……………………… 2.0 0.26 -0.37 0.07 0.11 0.13 0.29 0.09 0.12 0.04 0.50 0.08 Alaska ……………………… -2.5 0.00 -2.55 0.03 -0.02 0.01 0.56 0.07 0.01 -0.36 0.00 -0.40 California …………………… 2.0 0.27 -0.38 0.08 0.11 -0.01 0.30 0.19 0.06 0.05 0.72 0.06 Hawaii ……………………… 1.9 0.18 0.00 0.16 0.04 0.00 0.22 0.07 0.14 0.19 0.05 0.03 Nevada ……………………… 1.0 0.04 -1.26 0.04 0.21 0.09 0.05 0.03 0.25 0.06 0.01 0.37 Oregon ……………………… 2.7 0.31 0.01 0.00 0.08 1.10 0.11 -0.95 0.16 0.03 0.00 0.16 Washington ………………… 2.7 0.31 0.07 0.01 0.12 0.44 0.33 0.11 0.41 0.03 -0.10 0.16 * Advance statistics (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). In addition, the advance year statistic (2013) may differ because of different sources and vintages of data used to estimate GDP by state. Source: U.S. Bureau of Economic Analysis Table 2. Contribution to Percent Change in Real GDP by State, 2012-2013--Table Ends Percentage points Professional, Real estate and scientific, and rental and leasing technical Administrative and Management of companies and enterprises services waste Educational Health care and management services social assistance Arts, Accomodation entertainment, and and food services recreation services Other services, except Government government United States/1/……………… 0.21 0.10 0.11 0.02 -0.01 0.17 0.02 0.06 -0.01 New England ………………. 0.40 0.23 0.09 0.01 0.01 0.16 0.02 0.05 -0.02 -0.12 0.03 Connecticut ……………….. 0.27 0.07 0.17 -0.01 0.04 0.08 0.02 0.02 -0.02 -0.04 Maine ……………………… 0.24 0.13 -0.02 0.07 0.00 0.18 0.06 0.06 0.04 -0.26 Massachusetts …………… 0.52 0.35 0.07 0.00 -0.01 0.19 0.01 0.05 -0.02 0.12 New Hampshire …………… 0.31 0.20 -0.10 -0.02 0.03 0.15 0.01 0.05 -0.02 -0.16 -0.04 Rhode Island ……………… 0.23 0.15 0.35 0.16 0.00 0.22 0.07 0.07 -0.01 Vermont …………………… 0.39 0.07 -0.01 0.09 0.01 0.31 0.06 0.17 -0.02 0.12 Mideast ……………………… 0.04 0.15 0.10 0.02 -0.03 0.18 0.02 0.06 -0.02 -0.14 Delaware ………………….. 0.12 0.13 -0.32 0.11 -0.03 0.15 -0.04 0.03 -0.02 -0.03 District of Columbia ……… -0.01 -0.04 0.03 -0.02 0.15 0.04 0.06 0.12 -0.04 -1.00 Maryland …………………… -0.04 -0.05 0.08 0.03 -0.06 0.18 0.07 0.04 -0.04 -0.11 New Jersey ………………… 0.10 0.20 0.23 0.04 0.02 0.14 0.00 0.04 -0.02 -0.16 New York ………………….. 0.07 0.21 0.05 0.01 -0.01 0.21 0.02 0.06 -0.01 -0.14 Pennsylvania ……………… -0.01 0.11 0.14 0.01 -0.15 0.18 0.01 0.06 -0.03 0.01 Great Lakes ………………… 0.23 0.13 0.08 0.00 -0.01 0.20 0.02 0.02 -0.02 -0.16 Illinois ……………………… 0.31 0.16 0.06 -0.04 -0.01 0.12 0.00 0.02 -0.03 -0.06 Indiana ……………………… 0.07 0.19 0.14 0.03 0.00 0.25 0.01 0.01 -0.01 -0.16 Michigan …………………… 0.21 0.19 0.04 -0.02 0.00 0.20 0.03 0.02 -0.01 -0.35 Ohio ………………………… 0.28 0.07 0.04 0.03 -0.03 0.24 0.05 0.03 -0.03 -0.16 Wisconsin …………………. 0.10 0.06 0.20 0.05 -0.02 0.29 0.01 0.01 -0.03 -0.15 Plains ………………………… 0.13 0.11 0.18 0.01 -0.02 0.18 0.02 0.03 -0.01 -0.04 Iowa ………………………… -0.02 0.10 0.02 -0.03 -0.01 0.20 -0.07 0.06 0.00 0.06 Kansas …………………….. 0.11 0.21 0.17 0.11 0.00 0.00 0.01 0.00 -0.02 -0.19 Minnesota ………………… 0.31 0.18 0.19 -0.06 -0.02 0.21 0.01 0.02 -0.01 -0.02 Missouri …………………… -0.12 0.04 0.16 0.06 -0.02 0.18 0.08 0.03 -0.04 -0.11 Nebraska …………………… 0.23 -0.15 0.57 0.08 -0.05 0.18 0.02 0.02 -0.01 0.01 North Dakota ……………… 0.79 0.34 0.12 -0.02 0.01 0.29 0.02 0.12 0.04 0.28 South Dakota ……………… 0.16 0.03 0.04 -0.08 0.00 0.34 -0.01 0.03 0.00 -0.09 Southeast …………………… 0.22 0.06 0.05 0.02 0.00 0.15 0.01 0.06 -0.01 -0.22 Alabama …………………… 0.03 0.01 -0.04 -0.05 0.00 0.10 0.01 0.04 -0.03 -0.27 Arkansas …………………… -0.03 0.13 0.40 0.05 -0.01 0.13 0.02 0.02 -0.04 -0.19 Florida ……………………… 0.45 0.14 0.02 0.01 0.00 0.26 -0.01 0.17 0.01 -0.16 Georgia ……………………. 0.11 0.09 0.09 0.11 -0.01 0.25 0.04 0.06 0.00 -0.41 Kentucky …………………… -0.13 0.09 -0.04 0.08 -0.01 0.09 0.01 -0.01 -0.03 -0.23 Louisiana …………………… 0.29 0.16 0.14 0.03 0.01 -0.19 0.03 0.03 0.01 -0.41 Mississippi ………………… 0.03 -0.03 0.03 0.17 0.00 0.10 0.01 0.04 -0.01 -0.26 North Carolina ……………… 0.29 0.03 -0.03 -0.02 0.01 0.25 0.02 0.04 0.01 -0.15 South Carolina ……………. 0.40 0.08 0.02 -0.13 -0.01 -0.35 0.01 0.05 0.06 0.07 Tennessee ………………… 0.28 0.05 0.15 0.09 0.00 0.22 0.00 0.00 -0.07 -0.16 Virginia …………………….. 0.06 -0.11 0.06 -0.03 -0.01 0.18 0.01 0.02 -0.05 -0.25 West Virginia ……………… -0.02 0.05 -0.05 0.01 -0.03 0.25 0.00 -0.06 -0.01 -0.15 Southwest …………………… 0.15 0.21 0.06 0.06 0.01 0.17 0.01 0.08 0.01 -0.04 Arizona ……………………. 0.02 0.14 0.13 0.19 -0.04 0.19 0.02 0.06 0.01 -0.17 New Mexico ………………. 0.26 -0.18 0.00 -0.02 -0.01 0.05 0.01 0.03 -0.06 -0.07 Oklahoma …………………. -0.49 0.08 0.17 -0.03 -0.01 0.16 0.02 0.04 -0.01 0.08 Texas ……………………… 0.24 0.27 0.04 0.05 0.02 0.18 0.00 0.09 0.01 -0.03 Rocky Mountain …………… 0.39 0.26 -0.09 -0.03 0.00 0.19 0.04 0.08 0.01 0.09 Colorado …………………… 0.47 0.41 -0.15 -0.09 0.00 0.07 0.03 0.11 -0.01 0.19 Idaho ………………………. 0.42 -0.03 -0.23 0.10 -0.06 0.51 0.04 0.03 0.01 0.01 Montana …………………… 0.06 -0.18 0.01 -0.28 0.01 0.39 0.04 0.10 -0.01 -0.21 Utah ………………………… 0.31 0.30 0.03 0.13 0.01 0.30 0.06 0.05 0.09 0.09 Wyoming …………………… 0.39 -0.02 0.03 -0.03 0.00 -0.07 0.00 0.08 -0.07 -0.14 Far West ……………………. 0.36 -0.05 0.25 0.03 -0.01 0.14 0.02 0.08 -0.01 -0.11 Alaska ……………………… 0.06 0.06 0.25 -0.02 0.01 0.10 0.02 0.02 -0.01 -0.34 California …………………… 0.38 -0.12 0.21 0.04 -0.01 0.13 0.02 0.07 -0.02 -0.12 Hawaii ……………………… 0.47 -0.02 0.09 0.04 -0.02 0.11 0.08 0.26 -0.03 -0.17 Nevada ……………………… 0.54 0.09 0.21 0.01 0.01 0.17 0.03 0.14 -0.02 -0.09 Oregon ……………………… 0.09 0.16 1.01 0.05 0.01 0.28 0.00 0.08 0.00 -0.01 Washington ……………….. 0.38 0.16 0.06 0.00 0.01 0.16 0.03 0.08 0.00 -0.12 * Advance statistics (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). In addition, the advance year statistic (2013) may differ because of different sources and vintages of data used to estimate GDP by state. Source: U.S. Bureau of Economic Analysis Table 3. Revisions to Percent Change in Real GDP by State 2010 Previously published United States ……………… New England ……………… 2011 Difference Revised (percentage points) Previously published 2012 Difference Revised (percentage points) Previously published Difference Revised (percentage points) 2.4 2.2 -0.2 1.6 1.6 0.0 2.5 2.5 0.0 2.8 2.4 -0.4 1.0 0.9 -0.1 1.2 1.6 0.4 Connecticut ……………… 1.2 0.7 -0.5 -0.1 -0.9 -0.8 -0.1 1.0 1.1 Maine …………………… 1.8 1.2 -0.6 0.4 -1.1 -1.5 0.5 0.6 0.1 Massachusetts ………… 3.8 3.4 -0.4 1.7 2.2 0.5 2.2 2.3 0.1 New Hampshire ………… 3.3 3.0 -0.3 2.2 1.1 -1.1 0.5 1.1 0.6 Rhode Island …………… 1.0 2.4 1.4 0.0 -0.1 -0.1 1.4 1.3 -0.1 Vermont ………………… 5.6 4.4 -1.2 1.3 2.2 0.9 1.2 1.1 -0.1 Mideast …………………… 3.0 2.2 -0.8 1.2 1.0 -0.2 1.5 1.6 0.1 Delaware ………………… 0.3 1.1 0.8 0.9 0.2 -0.7 0.2 0.6 0.4 District of Columbia …… 3.2 2.4 -0.8 1.6 2.0 0.4 0.7 -0.5 -1.2 Maryland ………………… 3.3 2.8 -0.5 1.6 1.7 0.1 2.4 1.2 -1.2 New Jersey ……………… 1.5 0.9 -0.6 0.2 -0.5 -0.7 1.3 2.6 1.3 New York ………………… 4.0 2.7 -1.3 1.2 1.2 0.0 1.3 1.7 0.4 Pennsylvania …………… 2.3 2.3 0.0 1.9 1.4 -0.5 1.7 1.2 -0.5 Great Lakes ……………… 3.2 3.3 0.1 2.4 1.8 -0.6 2.2 2.0 -0.2 Illinois …………………… 1.8 1.4 -0.4 2.1 1.6 -0.5 1.9 1.4 -0.5 Indiana …………………… 6.4 6.9 0.5 2.2 0.3 -1.9 3.3 2.5 -0.8 Michigan ………………… 4.9 5.3 0.4 3.5 2.2 -1.3 2.2 1.5 -0.7 Ohio ……………………… 2.1 2.6 0.5 2.9 2.6 -0.3 2.2 3.1 0.9 Wisconsin ………………… 3.1 2.8 -0.3 1.3 1.7 0.4 1.5 1.0 -0.5 Plains ……………………… 2.6 3.1 0.5 2.0 2.1 0.1 2.7 2.3 -0.4 Iowa ……………………… 1.9 2.9 1.0 2.2 1.6 -0.6 2.4 2.5 0.1 Kansas …………………… 2.6 3.1 0.5 3.2 3.8 0.6 1.4 0.4 -1.0 Minnesota ……………… 2.8 3.7 0.9 1.6 2.5 0.9 3.5 2.0 -1.5 Missouri ………………… 1.9 1.9 0.0 0.3 -0.9 -1.2 2.0 1.2 -0.8 Nebraska ………………… 3.9 3.5 -0.4 1.9 3.8 1.9 1.5 2.2 0.7 North Dakota …………… 7.2 7.5 0.3 7.8 9.2 1.4 13.4 20.3 6.9 South Dakota …………… 0.0 2.7 2.7 4.4 4.9 0.5 0.2 0.3 0.1 Southeast ………………… 2.3 1.9 -0.4 1.0 0.6 -0.4 2.1 1.9 -0.2 Alabama ………………… 2.7 2.3 -0.4 1.0 1.2 0.2 1.2 2.4 1.2 Arkansas ………………… 2.6 4.0 1.4 0.7 1.6 0.9 1.3 1.1 -0.2 Florida …………………… 0.3 -0.1 -0.4 0.9 -0.4 -1.3 2.4 2.2 -0.2 Georgia …………………… 1.4 0.7 -0.7 2.1 0.9 -1.2 2.1 1.5 -0.6 Kentucky ………………… 5.0 5.1 0.1 2.0 1.6 -0.4 1.4 0.8 -0.6 Louisiana ………………… 5.8 5.2 -0.6 -2.6 -2.8 -0.2 1.5 2.1 0.6 Mississippi ……………… 2.0 0.9 -1.1 -1.1 -0.8 0.3 2.4 3.5 1.1 North Carolina …………… 2.3 2.2 -0.1 0.5 0.3 -0.2 2.7 2.4 -0.3 South Carolina ………… 2.5 1.6 -0.9 2.3 3.1 0.8 2.7 1.5 -1.2 Tennessee ……………… 2.5 1.8 -0.7 2.4 2.8 0.4 3.3 3.3 0.0 Virginia …………………… 3.8 2.9 -0.9 1.1 0.7 -0.4 1.1 1.3 0.2 West Virginia …………… 3.3 2.9 -0.4 1.9 2.5 0.6 3.3 -1.4 -4.7 Southwest ………………… 3.0 2.3 -0.7 3.0 3.7 0.7 4.1 5.8 1.7 Arizona …………………… -0.2 0.7 0.9 1.7 2.6 0.9 2.6 3.0 0.4 New Mexico ……………… 0.8 -0.2 -1.0 -0.4 1.1 1.5 0.2 1.2 1.0 Oklahoma ………………… 0.6 0.7 0.1 1.9 3.4 1.5 2.1 3.0 0.9 Texas …………………… 4.1 3.0 -1.1 3.6 4.2 0.6 4.8 6.9 2.1 Rocky Mountain ………… 1.9 1.5 -0.4 1.5 1.8 0.3 2.1 2.7 0.6 Colorado ………………… 2.2 1.6 -0.6 1.7 1.5 -0.2 2.1 3.0 0.9 Idaho ……………………… 1.6 1.2 -0.4 0.0 0.1 0.1 0.4 0.0 -0.4 Montana ………………… 2.1 2.4 0.3 2.4 3.3 0.9 2.1 2.4 0.3 Utah ……………………… 2.3 2.0 -0.3 2.8 3.0 0.2 3.4 5.0 1.6 Wyoming ………………… -1.3 -1.3 0.0 -2.4 1.1 3.5 0.2 -2.8 -3.0 -0.5 Far West …………………… 0.9 1.3 0.4 1.5 1.7 0.2 3.3 2.8 Alaska …………………… -1.7 -1.9 -0.2 1.7 4.2 2.5 1.1 3.5 2.4 California ………………… 0.3 0.9 0.6 1.2 1.7 0.5 3.5 2.7 -0.8 Hawaii …………………… 3.1 2.1 -1.0 2.1 1.8 -0.3 1.6 1.7 0.1 Nevada …………………… -0.4 -0.7 -0.3 1.8 0.8 -1.0 1.5 2.1 0.6 Oregon …………………… 5.7 5.5 -0.2 3.5 4.0 0.5 3.9 4.0 0.1 Washington ……………… 2.3 1.8 -0.5 2.0 0.7 -1.3 3.6 3.4 -0.2 Mean ………………………. 2.5 2.3 -0.1 1.6 1.7 0.1 2.1 2.2 0.1 Absolute Mean …………… 2.6 2.5 0.6 1.8 2.0 0.8 2.1 2.4 0.9 Source: U.S. Bureau of Economic Analysis Table 4. Current-Dollar GDP by State, 2010-2013 Millions of dollars Percent of U.S. total 2010 2011 2012 2013* 2010 2011 United States/1/…………… 14,862,637 15,431,583 16,141,152 16,701,415 100.0 100.0 2012 100.0 2013* 100.0 New England …………… 823,311 842,182 874,201 900,870 5.5 5.5 5.4 5.4 Connecticut …………… 233,781 235,121 242,930 249,251 1.6 1.5 1.5 1.5 Maine ………………….. 51,470 51,756 53,235 54,755 0.3 0.3 0.3 0.3 Massachusetts ……….. 399,603 413,716 431,937 446,323 2.7 2.7 2.7 2.7 New Hampshire ……… 62,622 64,122 66,111 67,848 0.4 0.4 0.4 0.4 Rhode Island …………. 49,265 49,921 51,566 53,184 0.3 0.3 0.3 0.3 Vermont ……………….. 26,570 27,545 28,422 29,509 0.2 0.2 0.2 0.2 Mideast …………………. 2,766,975 2,841,050 2,948,377 3,017,145 18.6 18.4 18.3 18.1 0.4 Delaware ……………… 57,628 58,612 60,650 62,703 0.4 0.4 0.4 District of Columbia ….. 106,615 110,702 111,870 113,362 0.7 0.7 0.7 0.7 Maryland ……………… 316,164 326,237 336,481 342,382 2.1 2.1 2.1 2.1 New Jersey …………… 497,733 504,078 528,788 543,071 3.3 3.3 3.3 3.3 New York ……………… 1,198,004 1,231,470 1,280,737 1,310,712 8.1 8.0 7.9 7.8 Pennsylvania …………. 590,830 609,952 629,851 644,915 4.0 4.0 3.9 3.9 Great Lakes ……………. 2,072,637 2,152,025 2,248,357 2,318,125 13.9 13.9 13.9 13.9 Illinois …………………. 652,681 676,911 704,138 720,692 4.4 4.4 4.4 4.3 Indiana ………………… 283,289 292,032 306,838 317,102 1.9 1.9 1.9 1.9 Michigan ………………. 387,730 400,924 416,769 432,573 2.6 2.6 2.6 2.6 Ohio …………………… 494,695 519,082 548,526 565,272 3.3 3.4 3.4 3.4 1.7 Wisconsin …………….. 254,242 263,076 272,086 282,486 1.7 1.7 1.7 Plains …………………… 963,883 1,011,093 1,059,521 1,110,930 6.5 6.6 6.6 6.7 Iowa …………………… 141,814 148,997 156,606 165,767 1.0 1.0 1.0 1.0 Kansas ……………….. 126,347 135,336 138,958 144,062 0.9 0.9 0.9 0.9 Minnesota …………….. 272,244 285,669 298,272 312,081 1.8 1.9 1.8 1.9 Missouri ……………….. 257,924 259,894 269,356 276,345 1.7 1.7 1.7 1.7 Nebraska ……………… 91,131 98,237 103,062 109,614 0.6 0.6 0.6 0.7 North Dakota …………… 35,482 40,508 49,509 56,329 0.2 0.3 0.3 0.3 South Dakota …………. 38,940 42,453 43,758 46,732 0.3 0.3 0.3 0.3 Southeast ………………. 3,246,604 3,332,594 3,472,380 3,584,035 21.8 21.6 21.5 21.5 Alabama ………………. 175,734 181,848 189,542 193,566 1.2 1.2 1.2 1.2 Arkansas ……………… 111,355 115,582 118,993 124,218 0.7 0.7 0.7 0.7 Florida …………………. 728,604 736,347 769,007 800,492 4.9 4.8 4.8 4.8 Georgia ……………….. 410,902 421,564 438,324 454,532 2.8 2.7 2.7 2.7 Kentucky ……………… 166,344 172,517 177,967 183,373 1.1 1.1 1.1 1.1 Louisiana ……………… 232,879 242,666 251,369 253,576 1.6 1.6 1.6 1.5 Mississippi ……………. 94,649 96,224 101,549 105,163 0.6 0.6 0.6 0.6 North Carolina ………… 420,876 429,793 452,358 471,365 2.8 2.8 2.8 2.8 South Carolina ………… 163,836 171,546 177,985 183,561 1.1 1.1 1.1 1.1 Tennessee ……………. 253,987 264,940 280,485 287,633 1.7 1.7 1.7 1.7 Virginia ………………… 421,325 430,103 445,090 452,585 2.8 2.8 2.8 2.7 West Virginia …………. 66,111 69,463 69,711 73,970 0.4 0.5 0.4 0.4 Southwest ……………… 1,734,123 1,868,243 1,995,143 2,085,978 11.7 12.1 12.4 12.5 1.7 Arizona ………………… 247,752 258,187 271,503 279,024 1.7 1.7 1.7 New Mexico …………… 83,798 87,334 89,188 92,245 0.6 0.6 0.6 0.6 Oklahoma ……………… 154,062 165,424 171,432 182,086 1.0 1.1 1.1 1.1 Texas …………………… 9.2 1,248,511 1,357,298 1,463,021 1,532,623 8.4 8.8 9.1 Rocky Mountain ……….. 509,098 532,381 555,243 587,402 3.4 3.4 3.4 3.5 Colorado ………………. 256,628 266,243 278,551 294,443 1.7 1.7 1.7 1.8 Idaho …………………… 55,427 56,956 58,231 62,247 0.4 0.4 0.4 0.4 Montana ………………. 37,520 40,250 42,140 44,040 0.3 0.3 0.3 0.3 Utah …………………… 119,249 125,754 134,483 141,240 0.8 0.8 0.8 0.8 Wyoming ……………… 40,274 43,178 41,839 45,432 0.3 0.3 0.3 0.3 Far West ………………… 2,746,006 2,852,015 2,987,928 3,096,931 18.5 18.5 18.5 18.5 Alaska …………………. 53,251 58,581 59,643 59,355 0.4 0.4 0.4 0.4 California ……………… 1,953,411 2,030,468 2,125,717 2,202,678 13.1 13.2 13.2 13.2 Hawaii …………………. 67,285 69,755 72,512 75,235 0.5 0.5 0.4 0.5 Nevada ………………… 120,579 123,365 128,896 132,024 0.8 0.8 0.8 0.8 Oregon ………………… 190,800 199,488 210,242 219,590 1.3 1.3 1.3 1.3 Washington …………… 360,680 370,359 390,918 408,049 2.4 2.4 2.4 2.4 * Advance statistics 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). In addition, the advance year statistic (2013) may differ because of different sources and vintages of data used to estimate GDP by state. Source: U.S. Bureau of Economic Analysis
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