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- Here’s a closer look at the best-performing economies in terms of GDP by state. 1. Utah The Utah economy has been a powerhouse in recent decades, hence the reason why it takes the No. 1 spot. Over the last five years, Utah’s GDP grew by an excellent 19.1%, the second-highest growth rate for that period out of all 50 states.
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This metric measures the three-year compound annual growth rate of real gross domestic product by state, which has been adjusted for inflation to allow for year-to-year comparison. Data...
Mar 29, 2024 · Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023 and Preliminary 2023. Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska.
Apr 11, 2024 · North Dakota witnessed the highest growth, with real GDP rising by 5.9%. As the third largest oil-producing state, it also has one of the strongest job markets in the country. In February 2024, the state’s unemployment rate was 2.0%, significantly lower than the national average of 3.9%.
- Niccolo Conte
May 17, 2022 · Examining the change in quarterly real GDP by state, the state that has the experienced the most significant one-year growth is Hawaii. From the fourth quarter of 2020 to the fourth quarter of...
- Andrew Depietro
Aug 5, 2021 · 1. Utah. The Utah economy has been a powerhouse in recent decades, hence the reason why it takes the No. 1 spot. Over the last five years, Utah’s GDP grew by an excellent 19.1%, the...
The most recent data for American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands is from 2018. Within the 50 states and District of Columbia, Kansas had the largest GDP growth rate ( 9.7%) in the third quarter 2023, while Arkansas had the smallest growth rate ( 0.7%). [2] .