Real gross domestic product (GDP) increased in 2,484 counties, decreased in 612 counties, and was unchanged in 17 counties in 2019. The percent change in real GDP ranged from 62.5 percent in Greensville + Emporia, VA, to –34.2 percent in Jackson County, WV.
Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as in the “advance” estimate released in October. In the second quarter of 2020, real GDP decreased 31.4 percent. For more details, including source data, see the Technical Note.
The new U.S. data show that the outdoor recreation economy accounted for 2.1 percent ($459.8 billion) of current-dollar gross domestic product (GDP) for the nation in 2019. At the state level, outdoor recreation value added as a share of state GDP ranged from 5.8 percent in Hawaii to 1.3 percent in Connecticut. The share was 1.1 percent in the District of Columbia.
Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. In the second quarter of 2020, real GDP decreased 31.4 percent. For more details, including source data, see the Technical Note.
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. 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.
Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the “second” estimate released in August. In the first quarter of 2020, real GDP decreased 5.0 percent. For more details, including source data, see the Technical Note.
The Bureau of Economic Analysis on Monday released prototype annual estimates of gross domestic product for Puerto Rico for 2012 to 2018. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are directly comparable to data for other states and countries.
In conjunction with this release, BEA is requesting feedback to refine the data sources and methods used to prepare these statistics.
BEA will release – for the first time – prototype statistics showing gross domestic product and its components for Puerto Rico at 11 a.m. Eastern time on Monday, September 28.
The prototype GDP statistics in the report will cover the years 2012-2018 and will include the components of GDP: consumer spending, private fixed investment, private inventory investment, imports and exports, and government spending.
BEA is speeding up by weeks the release of industry and state statistics that will provide a powerful tool for analyzing the second quarter’s rapid shifts in U.S. economic activity.
