Tuesday, June 5, 2012

2011 Inflation Adjusted (Real) GDP Growth By State And Region

From The US Department Of Commerce Bureau of Economic Analysis, "Widespread Economic Growth Across States In 2011: Advance 2011 and Revised 1997—2010 GDP–by–State Statistics:"
Real gross domestic product (GDP) increased in 43 states and the District of Columbia in 2011, according to new statistics released today by the U.S. Bureau of Economic Analysis (BEA) that breakdown GDP by state. Durable–goods manufacturing, professional, scientific, and technical services, and information services were the leading contributors to real U.S. economic growth. U.S. real GDP by state grew 1.5 percent in 2011 after a 3.1 percent increase in 2010. [Footnotes omitted.]

Real GDP increased in all eight BEA regions in 2011, although growth slowed in most regions. The Far West (2.1 percent) was the only region where growth accelerated. The Southwest region grew the fastest (2.7 percent), led by Texas with a 3.3 percent increase.

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