2012 State GDP Data Issued
The U.S. Bureau of Economic Analysis today issued advance 2012 gross domestic product (GDP) for the states. Inflation-adjusted GDP grew by 2.5 percent in 2012, compared to a 1.6 percent increase in 2011. Only Connecticut experienced an inflation-adjusted negative GDP trend (-.1 percent), while North Dakota had the highest growth (13.4 percent) and was the only state whose gain was in double digits. Real GDP increased in all eight BEA regions in 2012, with growth accelerating in seven of eight regions. The Great Lakes region was the only region where growth decelerated relative to growth in 2011. The Southwest region grew the fastest (4.1 percent), led by Texas with a 4.8 percent increase.
The landing page for the new state GDP estimates is at GDP by State, and includes links to the full news release, data tables, interactive tables, and various regional maps.
The news release itself is at Widespread Economic Growth in 2012: Advance 2012 and Revised 2009–2011 GDP-by-State Statistics. See especially Table 1 on p. 6, which has state-specific data for 2009-12 and shows the 2012 state rankings.
Modified On : June 06, 2013
Type : Thread
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In Relation : State and Local Data (Misc.)