Gross Domestic Product by State: Second Quarter 2019
Texas Had the Fastest Growth in the Second Quarter
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2019, 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 4.7 percent in Texas to 0.5 percent in Hawaii (table 1).
Professional, scientific, and technical services; government; real estate and rental and leasing; and mining were the leading contributors to the increase in real GDP nationally (table 2). Mining increased 23.5 percent for the nation (GDP by Industry table 1) and was the leading contributor to the increases in Texas, Wyoming, Alaska, and New Mexico—the fastest growing states.
- Professional, scientific, and technical services increased 7.4 percent for the nation and contributed to growth in all 50 states and the District of Columbia.
- Government increased 3.1 percent for the nation and contributed to growth in all 50 states and the District of Columbia.
- Real estate and rental and leasing increased 2.6 percent for the nation and contributed to growth in 49 states and the District of Columbia.
- Wholesale trade decreased 6.7 percent for the nation, subtracting from growth in all 50 states and the District of Columbia. Wholesale trade was the leading contributor to slow growth in Hawaii, Maine, and New Jersey – the slowest growing states.
Today’s release also includes the results of BEA’s annual update of GDP by state. The annual estimates of GDP by state for 2014 to 2018, and quarterly estimates of GDP by state for 2014:Q1 to 2019:Q1 were revised (table 4). The update incorporates source data that are more complete and more detailed than previously available, updates to seasonal factors, and the results of the July 2019 annual update of the National Income and Product Accounts and the October 2019 annual update of the Industry Economic Accounts.
Next release: January 10, 2020 at 8:30 A.M. EST
Gross Domestic Product by State, Third Quarter 2019