Virginia’s gross domestic product of $560 billion was enough to earn the state the 13 th place here. and over 1 Mio. GDP Growth Rate in the United States is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Coastal states like California, with its booming tech sector, and New York, with robust financial and real estate industries, performed well, with 2.6% and 2.2% growth, respectively. This site uses cookies to optimize functionality and give you the best possible experience. Measures industries' performance and their contributions to GDP. These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GDP by Industry. Only one state experienced negative growth in either time period. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia (table 1). $39 per month* ", IMF, Real gross domestic product (GDP) growth rate in the United States from 2009 to 2021 (compared to the previous year) Statista, https://www.statista.com/statistics/263614/gross-domestic-product-gdp-growth-rate-in-the-united-states/ (last visited September 24, 2020), We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. * All products require an annual contract; Prices do not include sales tax. This is a list of U.S. states and territories by economic growth rate. Data for the 50 states and District of Columbia is from First Quarter 2019. GDP by State, Annual 2019 Real GDP increased in all 50 states and the District of Columbia in 2019. The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2009 to 2019, with projections up until 2021. GDP Growth Rate in the United States is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. (April 15, 2020). Washington is the best state for growth, and ranks third overall for economy. Register in seconds and access exclusive features. This article includes a list of the 50 U.S. states, the District of Columbia, and the 5 inhabited U.S. territories sorted by economic growth — the percentage change in real GDP for the first quarter of 2019 is listed (for the 50 states and District of Columbia), using the most recent data available from the U.S. Bureau of Economic Analysis. Gross Domestic Product by State, 1st Quarter 2020 Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the first quarter of 2020. Within the 50 states and District of Columbia, West Virginia had the largest GDP growth rate ( 5.2%) in the First Quarter 2019, while Hawaii had the smallest growth rate ( 1.2%). List of U.S. states by economic growth rate, List of U.S. state and territory economies, https://www.bea.gov/news/2019/gross-domestic-product-state-first-quarter-2019, https://www.bea.gov/news/2019/gross-domestic-product-commonwealth-northern-mariana-islands-cnmi-2018, https://www.bea.gov/news/2019/american-samoa-gdp-increases-2018, https://www.bea.gov/news/blog/2018-10-17/northern-mariana-islands-gdp-increases-2017, https://www.bea.gov/news/2019/gross-domestic-product-guam-2018, https://www.bea.gov/news/2019/gross-domestic-product-us-virgin-islands-usvi-2018, https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=PR, "Gross Domestic Product by State and Federal district: First Quarter 2018", "Annual Estimates of the Resident Population for the United States, Regions, States, and Puerto Rico: April 1, 2010 to July 1, 2014", BEA news release: Widespread Economic Growth in 2012, List of states and territories of the United States, https://en.wikipedia.org/w/index.php?title=List_of_U.S._states_and_territories_by_economic_growth_rate&oldid=975990583, Economy of the United States-related lists, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 31 August 2020, at 15:27.