Gross Domestic Product by State, 2nd Quarter 2020
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from -20.4 percent in the District of Columbia to -42.2 percent in Hawaii and Nevada.
- Current Release:October 2, 2020
- Next Release:December 23, 2020
What is GDP by State?
A comprehensive measure of the economies of each state and the District of Columbia. GDP estimates the value of the goods and services produced in a state. The data include breakdowns of industries' contributions to each state economy.