Gross Domestic Product by State: Fourth Quarter and Annual 2017
Monday, June 25, 2018
Texas Had the Fastest Growth in the Fourth Quarter
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 5.2 percent in Texas to -1.3 percent in North Dakota.
Mining and construction were the leading contributors to the increase in real GDP in Texas, the fastest growing state (table 2). Agriculture, forestry, fishing, and hunting subtracted from growth in North Dakota and South Dakota–the only two states with decreases in fourth quarter real GDP.