Gross domestic product increased by 4.3 percent in the Southwest last year as mining helped Texas boost its output by 5.2 percent, giving it the second-fastest growth rate of any state. The Rocky Mountain region saw a 3.9 percent expansion as the Far West, which includes California, Oregon, Washington and Nevada, grew 2.7 percent.
In addition to mining, professional, scientific and technical services helped Western states pull ahead from the rest of the nation last year. The latter made the biggest contribution to U.S. output growth by state in 2014.
North Dakota was the fastest-expanding state last year, growing 6.3 percent, following a 0.9 percent advance in 2013 that was revised down sharply from a previously reported 9.7 percent rate.
Wednesday, June 10, 2015
Real GDP Growth By State, 2013-2014
Posted By Milton Recht
From BloombergBusiness, "This Map Shows How Fast Each State Grew Last Year: From Texas and Wyoming to Oregon, growth is heating up west of the Mississippi" by Jeanna Smialek:
Posted 6/10/2015 01:55:00 PM