New statistics on the economic performance of all 50 states and the District of Columbia during the second quarter of 2015 will be released Thursday, Dec. 10 at 8:30 a.m. eastern time by the U.S. Bureau of Economic Analysis.
The release marks the first time that BEA is producing quarterly GDP by state statistics on a regular basis. Previously, BEA had released prototype statistics showing the quarterly economic performances of states. Before the prototype statistics were created, BEA produced only annual estimates of state GDP. These new statistics will provide more timely information on how state economies are faring.
The statistics in this report are the state counterparts of the U.S. gross domestic product — BEA’s featured measure of national economic activity. The GDP by state statistics in this report will show which states grew fastest and which industrial sectors contributed to overall growth in each state.
Statistics in this report can be used to analyze regional impacts of national economic trends and to identify the fastest growing industrial sectors in a state.