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Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update
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Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update

www.bea.gov·@HashtagPLUS·about 1 month ago
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Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 8.7 percent in Wyoming to –1.9 percent in Vermont (table 1), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Current-dollar GDP increased in 46 states and the District of Columbia in the second quarter, with the percent change ranging from 8.3 percent in Kansas to –4.3 percent in North Dakota. Real GDP In the second quarter of 2023, while real GDP for the nation increased at an annual rate of 2.1 percent, real GDP increased in 14 of the 23 industry groups for which BEA prepares quarterly state estimates (table 2). Utilities; professional, scientific, and technical services; durable-goods manufacturing; and mining were the leading contributors to the increase in real GDP nationally. Utilities increased in all 50 states and the District of Columbia and was the leading contributor to growth in 22 states.…

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