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News Release: Gross State Product

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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, TUESDAY, JUNE 6, 2006
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WESTERN STATES LED ECONOMIC GROWTH IN 2005
Advance 2005 and Revised 1998–2004 Gross State Product (GSP) Estimates

U.S. economic growth was widespread in 2005, as GSP grew in 49 of 50 states and the District of Columbia, according to estimates released today by the U.S. Bureau of Economic Analysis1. Eight of the ten fastest–growing states are west of the Mississippi River2. However, as compared to 2004, growth slowed for the nation and most states.

 

Highlights for 2005

1 The 2005 estimates draw heavily on the 2005 preliminary state earnings–by–industry estimates released on March 28, 2006. Estimates for 2004 and earlier are based on BEA's regular GSP methodology. For further details, see the forthcoming July 2006 Survey of Current Business article on gross state product. Revised 2005 GSP totals, along with advance NAICS sector–level estimates of GSP for 2005, will be released in October 2006.
2Seven coterminous states plus Hawaii.

Industry Detail for 2004

Newly available detailed industry information for 2004 confirm the overall pattern of growth by region and broad industry sector reported in October 2005. At the industry level:

Revisions to the Estimates for 1998–2004

Tables 1–4 show these results in more detail; complete detail is available on BEA's web site at www.bea.gov

BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e–mail summaries of BEA releases and announcements.

Advance 2005 GSP Estimates

For the second year, BEA is releasing advance GSP estimates. The 2005 estimates are based on BEA earnings–by–industry estimates released March 28, 2006 and on advance GDP–by–industry estimates released April 27, 2006. More information on the methodology used to produce the advance 2005 estimates, on the regular (revised) GSP estimates for 1998–2004, and on revisions to the GSP estimates will appear in an article in the July 2006 issue of the Survey of Current Business, BEA's monthly journal.

In October 2006, BEA plans to release revised 2005 GSP totals and both current– and real–dollar NAICS sector–level GSP estimates for 2005.

BEA is interested in your comments

BEA is interested in your views on the methodology for the advance estimates, the appropriate level of industry detail, and the tradeoff between accuracy and timeliness. We encourage your feedback on the value of this initiative in BEA's Strategic Plan. Please e–mail your comments to BEA's Associate Director for Regional Economics, John W. Ruser, at gspread@bea.gov.

Explanatory Notes

Definitions

GSP is the state counterpart of the Nation's gross domestic product (GDP), the Bureau's featured and most comprehensive measure of U.S. economic activity. GSP for a state is derived as the sum of the GSP originating in all the industries in the state.

Real GSP is an inflation–adjusted measure of each state's gross product that is based on national prices for the goods and services produced within that state. The estimates of real GSP and of quantity indexes with a base year of 2000 are derived by applying national implicit price deflators to the current–dollar GSP estimates for the 63 SIC industries for years 1977–1997, and for the 81 NAICS industries for years 1997 forward. Then, the chain–type index formula that is used in the national accounts is used to calculate the estimates of total real GSP and of real GSP at more aggregated industry levels.

The relation of GSP to Gross Domestic Product (GDP)

An industry's GSP, or its value added, is equal to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The GSP accounts provide data by industry and state that are consistent with gross domestic product (GDP) in the national income and product accounts, and with the GDP by industry accounts.

However, for the NAICS–based GSP estimates for years 1997 forward, total GSP for the Nation differs from GDP in the national income and product accounts for two reasons. First, GSP excludes, and GDP and GDP by industry include, compensation of Federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment except domestically located office equipment. Second, GSP and GDP often have different revision schedules.

For the SIC–based GSP estimates for years 1963–1997, there is a third reason why U.S. GSP differs from GDP for the Nation. Like the national estimates of GDP by industry, GSP is measured as the sum of the distributions by industry of the components of gross domestic income, which differs from GDP by the statistical discrepancy. For 1997 forward, the statistical discrepancy is distributed among all private industries. This is not done for the SIC–based estimates.


Tables 1–4. are available in the PDF version of this news release and also in XLS format.

 

                                      Table 1. Real Gross State Product, 2001-2005
-----------------------------------------------------------------------------------------------------------------------------------
                                       Millions of chained (2000) dollars                              Percent change
                          -------------------------------------------------------------    ----------------------------------------
                             2001         2002         2003         2004         2005*     2002    2003    2004   2005*  2005 Rank*
    United States         9,836,576    9,981,850   10,237,201   10,662,196   11,035,627     1.5     2.6     4.2     3.5    .......
New England                 570,313      568,750      581,648      605,270      623,129    -0.3     2.3     4.1     3.0    .......
  Connecticut               161,197      158,628      159,751      166,850      173,058    -1.6     0.7     4.4     3.7         20
  Maine                      36,176       36,719       37,426       39,184       39,741     1.5     1.9     4.7     1.4         42
  Massachusetts             276,634      274,997      282,375      292,423      299,992    -0.6     2.7     3.6     2.6         30
  New Hampshire              43,584       44,573       46,063       48,533       50,675     2.3     3.3     5.4     4.4         14
  Rhode Island               34,176       34,918       36,439       37,792       38,554     2.2     4.4     3.7     2.0         38
  Vermont                    18,543       18,909       19,606       20,482       21,103     2.0     3.7     4.5     3.0         28
Mideast                   1,837,163    1,851,979    1,887,783    1,961,319    2,017,208     0.8     1.9     3.9     2.8    .......
  Delaware                   42,966       42,939       44,655       46,981       47,615    -0.1     4.0     5.2     1.3         43
  District of Columbia       61,569       62,825       64,270       67,313       70,347     2.0     2.3     4.7     4.5    .......
  Maryland                  187,483      193,490      199,143      208,534      216,186     3.2     2.9     4.7     3.7         22
  New Jersey                355,106      357,923      366,325      377,564      385,494     0.8     2.3     3.1     2.1         36
  New York                  794,392      791,689      802,823      839,286      867,070    -0.3     1.4     4.5     3.3         25
  Pennsylvania              395,633      402,978      410,364      421,443      430,310     1.9     1.8     2.7     2.1         35
Great Lakes               1,525,283    1,553,618    1,592,373    1,624,738    1,645,808     1.9     2.5     2.0     1.3    .......
  Illinois                  464,910      466,150      478,391      489,042      499,456     0.3     2.6     2.2     2.1         34
  Indiana                   190,327      196,828      204,837      211,745      214,093     3.4     4.1     3.4     1.1         46
  Michigan                  326,869      336,862      344,942      342,371      342,656     3.1     2.4    -0.7     0.1         49
  Ohio                      365,735      373,457      379,439      390,882      394,927     2.1     1.6     3.0     1.0         47
  Wisconsin                 177,434      180,330      184,777      190,597      194,489     1.6     2.5     3.1     2.0         37
Plains                      634,482      650,187      669,180      691,650      706,729     2.5     2.9     3.4     2.2    .......
  Iowa                       89,360       92,821       95,562       99,780      101,543     3.9     3.0     4.4     1.8         39
  Kansas                     83,898       85,259       86,360       89,092       92,685     1.6     1.3     3.2     4.0         18
  Minnesota                 186,336      191,116      198,041      207,196      209,929     2.6     3.6     4.6     1.3         44
  Missouri                  177,810      179,918      183,500      188,193      192,241     1.2     2.0     2.6     2.2         33
  Nebraska                   55,819       56,942       60,089       60,751       61,786     2.0     5.5     1.1     1.7         40
  North Dakota               17,907       18,818       19,905       19,964       20,879     5.1     5.8     0.3     4.6         12
  South Dakota               23,351       25,312       25,722       26,735       27,670     8.4     1.6     3.9     3.5         24
Southeast                 2,145,770    2,183,214    2,249,395    2,355,601    2,457,082     1.7     3.0     4.7     4.3    .......
  Alabama                   115,599      118,185      121,998      128,267      132,213     2.2     3.2     5.1     3.1         27
  Arkansas                   66,982       68,901       70,737       74,988       76,918     2.9     2.7     6.0     2.6         31
  Florida                   484,886      497,343      518,753      552,665      595,846     2.6     4.3     6.5     7.8          3
  Georgia                   292,832      294,105      299,504      313,144      327,451     0.4     1.8     4.6     4.6         13
  Kentucky                  112,166      115,492      118,246      121,738      124,534     3.0     2.4     3.0     2.3         32
  Louisiana                 129,233      129,740      131,625      137,524      135,362     0.4     1.5     4.5    -1.6         50
  Mississippi                63,963       64,569       66,914       68,830       69,672     0.9     3.6     2.9     1.2         45
  North Carolina            278,277      282,389      288,561      296,725      308,402     1.5     2.2     2.8     3.9         19
  South Carolina            114,055      115,713      119,337      120,110      124,343     1.5     3.1     0.6     3.5         23
  Tennessee                 176,253      183,153      189,752      199,816      203,089     3.9     3.6     5.3     1.6         41
  Virginia                  269,620      271,184      281,083      297,471      314,085     0.6     3.7     5.8     5.6          7
  West Virginia              41,922       42,453       42,880       44,280       45,701     1.3     1.0     3.3     3.2         26
Southwest                 1,051,493    1,072,012    1,094,165    1,147,570    1,203,450     2.0     2.1     4.9     4.9    .......
  Arizona                   163,448      166,860      174,693      181,995      197,774     2.1     4.7     4.2     8.7          1
  New Mexico                 50,926       51,633       53,681       57,227       59,865     1.4     4.0     6.6     4.6         11
  Oklahoma                   91,793       92,933       94,781       97,907      100,791     1.2     2.0     3.3     2.9         29
  Texas                     745,325      760,588      771,082      810,510      845,512     2.0     1.4     5.1     4.3         16
Rocky Mountain              318,046      320,931      327,997      344,138      361,456     0.9     2.2     4.9     5.0    .......
  Colorado                  174,763      175,484      177,945      184,948      192,639     0.4     1.4     3.9     4.2         17
  Idaho                      35,220       35,696       36,792       40,508       43,539     1.4     3.1    10.1     7.5          4
  Montana                    21,670       22,248       23,287       24,182       25,480     2.7     4.7     3.8     5.4          8
  Utah                       68,275       69,091       70,945       74,814       79,169     1.2     2.7     5.5     5.8          6
  Wyoming                    18,114       18,395       18,985       19,695       20,655     1.6     3.2     3.7     4.9          9
Far West                  1,753,966    1,781,052    1,834,540    1,931,577    2,019,884     1.5     3.0     5.3     4.6    .......
  Alaska                     25,763       28,022       27,713       29,710       29,878     8.8    -1.1     7.2     0.6         48
  California              1,281,733    1,298,750    1,340,162    1,409,228    1,471,045     1.3     3.2     5.2     4.4         15
  Hawaii                     40,626       41,093       42,575       44,683       46,806     1.1     3.6     5.0     4.8         10
  Nevada                     75,131       77,081       82,771       89,264       96,585     2.6     7.4     7.8     8.2          2
  Oregon                    110,513      115,000      116,894      128,085      136,619     4.1     1.6     9.6     6.7          5
  Washington                220,190      221,115      224,443      230,722      239,281     0.4     1.5     2.8     3.7         21
-----------------------------------------------------------------------------------------------------------------------------------
* Advance estimates
Source: U.S. Bureau of Economic Analysis


                       Table 2. Gross State Product in Current Dollars, 2002-2005
----------------------------------------------------------------------------------------------------------
                                        Millions of dollars                     Percent of U.S. total
                         -------------------------------------------------   -----------------------------
                             2002         2003         2004         2005*     2002    2003    2004   2005*
----------------------------------------------------------------------------------------------------------
    United States        10,398,402   10,896,356   11,655,335   12,402,967   100.0   100.0   100.0   100.0
New England                 591,733      614,590      654,346      690,690     5.7     5.6     5.6     5.6
  Connecticut               166,073      170,235      182,468      194,469     1.6     1.6     1.6     1.6
  Maine                      38,625       40,197       43,258       45,070     0.4     0.4     0.4     0.4
  Massachusetts             284,386      295,938      312,700      328,535     2.7     2.7     2.7     2.6
  New Hampshire              46,188       48,380       52,084       55,690     0.4     0.4     0.4     0.4
  Rhode Island               36,909       39,260       41,844       43,791     0.4     0.4     0.4     0.4
  Vermont                    19,553       20,580       21,992       23,134     0.2     0.2     0.2     0.2
Mideast                   1,934,602    2,008,885    2,141,348    2,263,453    18.6    18.4    18.4    18.2
  Delaware                   45,324       48,109       52,298       54,354     0.4     0.4     0.4     0.4
  District of Columbia       67,717       71,280       77,510       82,777     0.7     0.7     0.7     0.7
  Maryland                  204,120      214,488      230,698      244,899     2.0     2.0     2.0     2.0
  New Jersey                372,754      388,645      410,306      430,787     3.6     3.6     3.5     3.5
  New York                  821,577      847,123      906,783      963,466     7.9     7.8     7.8     7.8
  Pennsylvania              423,110      439,241      463,752      487,169     4.1     4.0     4.0     3.9
Great Lakes               1,620,354    1,687,538    1,762,697    1,836,745    15.6    15.5    15.1    14.8
  Illinois                  487,129      509,161      533,735      560,236     4.7     4.7     4.6     4.5
  Indiana                   205,015      216,650      229,449      238,638     2.0     2.0     2.0     1.9
  Michigan                  349,837      362,805      366,601      377,895     3.4     3.3     3.1     3.0
  Ohio                      389,773      402,607      425,173      442,440     3.7     3.7     3.6     3.6
  Wisconsin                 188,600      196,316      207,739      217,537     1.8     1.8     1.8     1.8
Plains                      680,069      714,275      759,984      794,607     6.5     6.6     6.5     6.4
  Iowa                       97,356      102,358      110,210      114,291     0.9     0.9     0.9     0.9
  Kansas                     89,573       93,076       98,927      105,448     0.9     0.9     0.8     0.9
  Minnesota                 198,558      209,335      224,620      233,292     1.9     1.9     1.9     1.9
  Missouri                  188,351      195,615      205,847      216,069     1.8     1.8     1.8     1.7
  Nebraska                   59,934       64,789       67,989       70,263     0.6     0.6     0.6     0.6
  North Dakota               19,880       21,703       22,692       24,178     0.2     0.2     0.2     0.2
  South Dakota               26,416       27,399       29,699       31,066     0.3     0.3     0.3     0.3
Southeast                 2,288,917    2,410,162    2,592,632    2,779,264    22.0    22.1    22.2    22.4
  Alabama                   123,805      130,526      141,366      149,796     1.2     1.2     1.2     1.2
  Arkansas                   72,203       75,564       82,712       86,802     0.7     0.7     0.7     0.7
  Florida                   522,719      556,748      609,372      674,049     5.0     5.1     5.2     5.4
  Georgia                   306,680      317,490      339,730      364,310     2.9     2.9     2.9     2.9
  Kentucky                  120,726      125,832      133,003      140,359     1.2     1.2     1.1     1.1
  Louisiana                 134,308      146,105      160,186      166,310     1.3     1.3     1.4     1.3
  Mississippi                68,144       72,532       77,107       80,197     0.7     0.7     0.7     0.6
  North Carolina            296,435      307,871      323,962      344,641     2.9     2.8     2.8     2.8
  South Carolina            121,582      127,459      131,492      139,771     1.2     1.2     1.1     1.1
  Tennessee                 191,525      201,522      216,769      226,502     1.8     1.8     1.9     1.8
  Virginia                  285,759      301,867      327,032      352,745     2.7     2.8     2.8     2.8
  West Virginia              45,032       46,645       49,903       53,782     0.4     0.4     0.4     0.4
Southwest                 1,105,103    1,172,147    1,272,937    1,388,034    10.6    10.8    10.9    11.2
  Arizona                   171,942      182,414      194,246      215,759     1.7     1.7     1.7     1.7
  New Mexico                 52,510       57,453       63,645       69,324     0.5     0.5     0.5     0.6
  Oklahoma                   97,170      103,824      111,838      120,549     0.9     1.0     1.0     1.0
  Texas                     783,480      828,456      903,208      982,403     7.5     7.6     7.7     7.9
Rocky Mountain              334,649      350,805      379,121      410,350     3.2     3.2     3.3     3.3
  Colorado                  182,154      188,873      201,392      216,064     1.8     1.7     1.7     1.7
  Idaho                      36,651       38,468       43,509       47,178     0.4     0.4     0.4     0.4
  Montana                    23,560       25,477       27,583       29,851     0.2     0.2     0.2     0.2
  Utah                       72,665       76,180       82,546       89,836     0.7     0.7     0.7     0.7
  Wyoming                    19,619       21,806       24,092       27,422     0.2     0.2     0.2     0.2
Far West                  1,842,975    1,937,953    2,092,270    2,239,824    17.7    17.8    18.0    18.1
  Alaska                     29,186       31,488       35,988       39,872     0.3     0.3     0.3     0.3
  California              1,340,446    1,410,539    1,519,202    1,621,843    12.9    12.9    13.0    13.1
  Hawaii                     43,476       46,386       50,238       53,710     0.4     0.4     0.4     0.4
  Nevada                     81,274       89,035       99,143      110,546     0.8     0.8     0.9     0.9
  Oregon                    117,131      120,480      134,615      145,351     1.1     1.1     1.2     1.2
  Washington                231,463      240,025      253,085      268,502     2.2     2.2     2.2     2.2
----------------------------------------------------------------------------------------------------------
* Advance estimates
Source: U.S. Bureau of Economic Analysis


                                                               Table 3. Contributions to Percent Change in Real Gross State Product, 2003-2004
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Percentage points
                              Percent    -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                             change in      Natural        Con-        Durable      Nondurable       Trade        Trans-        Infor-       Financial   Professional    Education     Leisure         Other      Government
                             real gross    resources     struction    goods manu-   goods manu-                  portation      mation      activities   and business    and health      and          services
                                state         and                      facturing    facturing                       and                                    services       services    hospitality
                               product      mining                                                               utilities
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    United States                4.2          0.05          0.12          0.45          0.14          0.70          0.14          0.56          0.79          0.73          0.25          0.11          0.03          0.08
New England                      4.1          0.00          0.09          0.20          0.12          0.57          0.16          0.49          1.15          0.86          0.23          0.08          0.01          0.10
  Connecticut                    4.4         -0.02          0.22          0.09          0.82          0.48          0.36          0.49          1.05          0.55          0.16          0.08          0.00          0.16
  Maine                          4.7          0.05          0.08          0.72          0.40          0.94          0.18          0.37          0.63          0.43          0.53          0.06          0.03          0.27
  Massachusetts                  3.6          0.01          0.01          0.00         -0.25          0.52          0.03          0.48          1.30          1.15          0.20          0.08          0.00          0.03
  New Hampshire                  5.4          0.04          0.16          0.58         -0.07          0.82          0.40          0.58          1.20          1.00          0.30          0.16          0.03          0.17
  Rhode Island                   3.7          0.00         -0.09          0.96         -0.18          0.46         -0.04          0.58          1.20          0.45          0.27          0.04          0.03          0.03
  Vermont                        4.5         -0.06          0.39          0.48          0.32          0.89          0.06          0.57          0.56          0.61          0.33          0.12          0.03          0.17
Mideast                          3.9         -0.01          0.03          0.13         -0.08          0.58          0.05          0.62          1.29          0.80          0.23          0.08          0.04          0.13
  Delaware                       5.2          0.00          0.26          0.17          2.32          0.59          0.13          0.24          0.07          0.78          0.29          0.14          0.01          0.21
  District of Columbia           4.7         -0.01         -0.08          0.03          0.00          0.15         -0.03          0.87          1.08          1.68          0.16          0.09          0.31          0.51
  Maryland                       4.7          0.01          0.29          0.20          0.08          0.68         -0.05          0.47          1.45          1.13          0.28          0.10          0.04          0.04
  New Jersey                     3.1         -0.02          0.09         -0.22          0.00          0.35          0.06          0.46          1.26          0.61          0.15          0.03          0.04          0.27
  New York                       4.5         -0.02         -0.06          0.13          0.08          0.65          0.04          0.86          1.67          0.73          0.22          0.12          0.02          0.08
  Pennsylvania                   2.7          0.00          0.01          0.42         -0.82          0.67          0.13          0.35          0.70          0.78          0.30          0.04          0.03          0.07
Great Lakes                      2.0          0.07         -0.05          0.22          0.22          0.51          0.12          0.36          0.14          0.55          0.18          0.06          0.01         -0.37
  Illinois                       2.2          0.14         -0.13          0.78          0.23          0.61          0.15          0.40          0.46          0.74          0.13          0.09          0.01         -1.39
  Indiana                        3.4          0.16          0.02          0.68          0.61          0.49          0.20          0.38         -0.07          0.43          0.21          0.09          0.02          0.14
  Michigan                      -0.7          0.03         -0.07         -1.52         -0.07          0.26          0.03          0.29         -0.17          0.37          0.12          0.02         -0.01         -0.02
  Ohio                           3.0         -0.01         -0.01          0.80          0.15          0.57          0.15          0.32          0.03          0.60          0.23          0.04          0.02          0.11
  Wisconsin                      3.1          0.02          0.04          0.29          0.41          0.59          0.10          0.42          0.36          0.43          0.30          0.05          0.02          0.13
Plains                           3.4          0.29          0.05          0.84          0.09          0.62          0.04          0.51         -0.05          0.52          0.24          0.05          0.01          0.14
  Iowa                           4.4          2.12          0.15          1.91         -0.06          0.39          0.25          0.39         -1.42          0.25          0.21          0.02          0.02          0.19
  Kansas                         3.2         -0.59         -0.04          1.40         -0.22          0.55         -0.05          0.78          0.07          0.64          0.25          0.10         -0.03          0.32
  Minnesota                      4.6          0.21          0.05          1.09          0.16          0.78          0.17          0.47          0.50          0.76          0.29          0.04          0.02          0.07
  Missouri                       2.6          0.45         -0.01         -0.02          0.28          0.56         -0.18          0.56          0.11          0.50          0.17          0.05          0.01          0.08
  Nebraska                       1.1         -0.48          0.04          0.30         -0.19          0.66          0.11          0.29         -0.54          0.36          0.23          0.05          0.04          0.23
  North Dakota                   0.3         -2.69          0.34          0.14          0.39          0.91          0.07          0.59          0.09          0.34          0.29          0.05         -0.01         -0.23
  South Dakota                   3.9          0.22          0.08          0.90          0.33          0.70          0.05          0.39          0.41          0.05          0.33          0.06          0.08          0.34
Southeast                        4.7          0.07          0.22          0.45          0.07          0.89          0.18          0.52          0.79          0.79          0.29          0.16          0.04          0.26
  Alabama                        5.1         -0.05          0.09          1.83          0.70          0.88         -0.03          0.46          0.19          0.59          0.31          0.06          0.02          0.10
  Arkansas                       6.0          0.82          0.06          0.86          0.84          1.03          0.05          0.48          0.51          0.55          0.31          0.09          0.04          0.38
  Florida                        6.5         -0.06          0.58          0.41          0.08          1.21          0.16          0.63          1.53          0.90          0.34          0.35          0.07          0.32
  Georgia                        4.6         -0.02          0.15          0.32          0.27          0.81          0.38          0.69          0.79          0.72          0.25          0.09          0.01          0.10
  Kentucky                       3.0          0.12         -0.07          0.18          0.06          0.77          0.29          0.32          0.36          0.42          0.23          0.08          0.00          0.19
  Louisiana                      4.5         -0.08         -0.10          0.50          1.65          0.58          0.11          0.37          0.43          0.43          0.24          0.15          0.04          0.18
  Mississippi                    2.9          0.57         -0.16          0.55         -0.28          0.69          0.28          0.22          0.13          0.28          0.27          0.03          0.00          0.29
  North Carolina                 2.8          0.20          0.14          0.80         -1.31          0.72          0.17          0.39          0.45          0.59          0.27          0.10          0.02          0.28
  South Carolina                 0.6         -0.05          0.07         -1.85         -0.22          0.94         -0.07          0.35          0.43          0.45          0.19          0.12          0.03          0.24
  Tennessee                      5.3         -0.04          0.06          1.02          1.02          0.93          0.21          0.34          0.39          0.77          0.47          0.08          0.00          0.06
  Virginia                       5.8          0.06          0.35          0.28         -0.32          0.76          0.20          0.77          1.13          1.64          0.23          0.12          0.07          0.54
  West Virginia                  3.3          0.83          0.23          0.30         -0.35          0.75          0.00          0.18          0.30          0.44          0.27          0.07          0.09          0.15
Southwest                        4.9         -0.11          0.05          0.86          0.62          0.81          0.32          0.45          0.42          0.88          0.29          0.10          0.02          0.16
  Arizona                        4.2          0.22          0.43         -1.24          0.02          1.14          0.20          0.34          1.08          1.02          0.52          0.16          0.03          0.26
  New Mexico                     6.6         -0.08          0.19          3.32         -0.14          0.82          0.24          0.27          0.30          0.63          0.37          0.09          0.05          0.53
  Oklahoma                       3.3          0.47         -0.04          0.29         -0.25          0.65          0.28          0.48          0.34          0.53          0.27          0.07          0.01          0.20
  Texas                          5.1         -0.26         -0.03          1.22          0.91          0.76          0.36          0.48          0.30          0.91          0.24          0.09          0.02          0.11
Rocky Mountain                   4.9          0.37          0.16          0.99         -0.01          0.75          0.16          0.46          0.56          0.92          0.25          0.08          0.04          0.20
  Colorado                       3.9          0.25          0.09          0.58         -0.03          0.52          0.19          0.43          0.41          1.09          0.21          0.06          0.03          0.12
  Idaho                         10.1          0.62          0.33          4.34         -0.22          1.16          0.16          0.56          1.19          0.99          0.36          0.09          0.05          0.47
  Montana                        3.8          0.49          0.26          0.06         -0.05          0.94          0.09          0.44          0.57          0.36          0.34          0.12          0.05          0.17
  Utah                           5.5          0.27          0.30          0.84          0.09          1.08          0.12          0.54          0.67          0.85          0.26          0.09          0.09          0.25
  Wyoming                        3.7          1.14         -0.14          0.18          0.14          0.68          0.05          0.33          0.46          0.29          0.23          0.13          0.00          0.26
Far West                         5.3          0.05          0.29          0.55          0.16          0.75          0.12          0.86          1.29          0.66          0.25          0.18          0.04          0.08
  Alaska                         7.2          4.56          0.09          0.03          0.08          0.41          0.70          0.40         -0.08          0.33          0.41          0.07         -0.05          0.24
  California                     5.2         -0.03          0.28          0.34          0.17          0.68          0.09          1.03          1.47          0.65          0.23          0.16          0.04          0.03
  Hawaii                         5.0         -0.21          0.16         -0.01         -0.13          0.84          0.49          0.46          1.30          0.74          0.27          0.51          0.05          0.48
  Nevada                         7.8         -0.01          1.16          0.21          0.08          1.13          0.11          0.17          2.14          1.35          0.38          0.54          0.13          0.45
  Oregon                         9.6          0.03          0.14          6.24          0.39          0.94         -0.01          0.45          0.31          0.42          0.32          0.08          0.05          0.21
  Washington                     2.8         -0.05          0.17         -0.80          0.08          0.97          0.20          0.45          0.65          0.58          0.28          0.16          0.03          0.08
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Bureau of Economic Analysis


                                                     Table 4. Revisions to Real Gross State Product Growth Rates
----------------------------------------------------------------------------------------------------------------------------------------------
                                         1998-2002*                               2003                                   2004
                            ------------------------------------   ------------------------------------   ------------------------------------
                            Previously    Revised     Difference   Previously    Revised    Difference    Previously    Revised    Difference
                            published                (percentage   published                (percentage   published                (percentage
                                                       points)                                points)                                points)
----------------------------------------------------------------------------------------------------------------------------------------------
    United States               2.7          2.6         -0.1          2.8          2.6         -0.2          4.3          4.2         -0.1
New England                     2.9          2.7         -0.2          2.6          2.3         -0.3          4.6          4.1         -0.5
  Connecticut                   1.5          1.3         -0.2          2.5          0.7         -1.8          4.5          4.4         -0.1
  Maine                         2.5          2.4         -0.1          2.7          1.9         -0.8          3.9          4.7          0.8
  Massachusetts                 3.6          3.4         -0.2          2.2          2.7          0.5          4.8          3.6         -1.2
  New Hampshire                 3.0          3.0          0.0          3.1          3.3          0.2          5.4          5.4          0.0
  Rhode Island                  3.1          3.1          0.0          4.3          4.4          0.1          3.5          3.7          0.2
  Vermont                       3.8          3.9          0.1          4.3          3.7         -0.6          4.6          4.5         -0.1
Mideast                         2.6          2.7          0.1          2.9          1.9         -1.0          4.2          3.9         -0.3
  Delaware                      3.4          2.5         -0.9          5.4          4.0         -1.4          5.0          5.2          0.2
  District of Columbia          3.2          3.3          0.1          2.5          2.3         -0.2          6.2          4.7         -1.5
  Maryland                      3.4          3.5          0.1          3.0          2.9         -0.1          4.8          4.7         -0.1
  New Jersey                    2.8          2.4         -0.4          2.4          2.3         -0.1          3.4          3.1         -0.3
  New York                      2.7          3.2          0.5          3.1          1.4         -1.7          4.7          4.5         -0.2
  Pennsylvania                  1.8          1.7         -0.1          2.6          1.8         -0.8          3.0          2.7         -0.3
Great Lakes                     1.1          1.3          0.2          1.9          2.5          0.6          2.4          2.0         -0.4
  Illinois                      1.4          1.5          0.1          0.9          2.6          1.7          1.9          2.2          0.3
  Indiana                       1.3          1.5          0.2          3.2          4.1          0.9          3.8          3.4         -0.4
  Michigan                      0.9          1.0          0.1          2.2          2.4          0.2          1.2         -0.7         -1.9
  Ohio                          0.5          0.7          0.2          1.7          1.6         -0.1          2.6          3.0          0.4
  Wisconsin                     2.1          1.9         -0.2          2.9          2.5         -0.4          4.1          3.1         -1.0
Plains                          2.0          2.0          0.0          2.8          2.9          0.1          3.4          3.4          0.0
  Iowa                          1.9          1.8         -0.1          2.5          3.0          0.5          5.5          4.4         -1.1
  Kansas                        1.9          1.8         -0.1          1.2          1.3          0.1          3.6          3.2         -0.4
  Minnesota                     2.7          2.9          0.2          3.6          3.6          0.0          3.9          4.6          0.7
  Missouri                      1.2          1.2          0.0          1.7          2.0          0.3          2.4          2.6          0.2
  Nebraska                      1.7          1.5         -0.2          5.3          5.5          0.2          1.5          1.1         -0.4
  North Dakota                  1.3          1.8          0.5          4.6          5.8          1.2          2.1          0.3         -1.8
  South Dakota                  4.0          4.7          0.7          3.7          1.6         -2.1          4.5          3.9         -0.6
Southeast                       2.4          2.3         -0.1          3.2          3.0         -0.2          4.8          4.7         -0.1
  Alabama                       1.8          1.6         -0.2          3.8          3.2         -0.6          4.3          5.1          0.8
  Arkansas                      1.6          1.8          0.2          2.5          2.7          0.2          5.3          6.0          0.7
  Florida                       3.5          3.4         -0.1          4.0          4.3          0.3          5.9          6.5          0.6
  Georgia                       2.6          2.5         -0.1          2.8          1.8         -1.0          4.5          4.6          0.1
  Kentucky                      0.4          0.5          0.1          3.6          2.4         -1.2          3.7          3.0         -0.7
  Louisiana                    -1.0         -0.9          0.1          0.1          1.5          1.4          2.2          4.5          2.3
  Mississippi                   0.8          0.5         -0.3          2.2          3.6          1.4          3.3          2.9         -0.4
  North Carolina                3.4          3.0         -0.4          3.1          2.2         -0.9          4.4          2.8         -1.6
  South Carolina                2.0          1.9         -0.1          3.0          3.1          0.1          4.1          0.6         -3.5
  Tennessee                     2.2          2.2          0.0          4.4          3.6         -0.8          4.7          5.3          0.6
  Virginia                      3.7          3.4         -0.3          3.4          3.7          0.3          6.3          5.8         -0.5
  West Virginia                 1.0          1.0          0.0          1.1          1.0         -0.1          2.6          3.3          0.7
Southwest                       3.4          3.5          0.1          2.4          2.1         -0.3          4.8          4.9          0.1
  Arizona                       5.0          4.7         -0.3          4.5          4.7          0.2          7.1          4.2         -2.9
  New Mexico                    3.4          2.8         -0.6          3.2          4.0          0.8          4.3          6.6          2.3
  Oklahoma                      2.0          2.4          0.4          2.1          2.0         -0.1          3.3          3.3          0.0
  Texas                         3.3          3.4          0.1          1.8          1.4         -0.4          4.6          5.1          0.5
Rocky Mountain                  3.9          3.7         -0.2          2.4          2.2         -0.2          4.4          4.9          0.5
  Colorado                      4.2          4.4          0.2          2.1          1.4         -0.7          3.9          3.9          0.0
  Idaho                         5.6          4.4         -1.2          3.8          3.1         -0.7          5.8         10.1          4.3
  Montana                       2.4          1.9         -0.5          3.9          4.7          0.8          4.3          3.8         -0.5
  Utah                          2.7          2.3         -0.4          2.2          2.7          0.5          5.2          5.5          0.3
  Wyoming                       4.7          3.4         -1.3          2.1          3.2          1.1          3.3          3.7          0.4
Far West                        4.0          3.6         -0.4          3.4          3.0         -0.4          5.5          5.3         -0.2
  Alaska                        1.7          1.1         -0.6         -2.1         -1.1          1.0          3.4          7.2          3.8
  California                    4.5          4.0         -0.5          3.4          3.2         -0.2          5.6          5.2         -0.4
  Hawaii                        1.1          0.9         -0.2          3.8          3.6         -0.2          6.0          5.0         -1.0
  Nevada                        3.8          3.6         -0.2          7.0          7.4          0.4          9.3          7.8         -1.5
  Oregon                        2.8          3.3          0.5          2.8          1.6         -1.2          4.5          9.6          5.1
  Washington                    2.4          2.0         -0.4          2.8          1.5         -1.3          4.4          2.8         -1.6

Mean                            2.5          2.4         -0.1          2.9          2.8         -0.1          4.3          4.2          0.0
Mean (absolute value)           2.5          2.4          0.3          3.0          2.9          0.7          4.3          4.3          1.0
----------------------------------------------------------------------------------------------------------------------------------------------
* Average annual growth rate
Source: U.S. Bureau of Economic Analysis