Washington had the fastest growth in the fourth quarter
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. 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).
Retail trade; finance and insurance; government; and utilities were the leading contributors to the increase in real GDP nationally (table 2). Retail trade was the leading contributor to the increase in real GDP in Washington, the fastest growing state.
Other highlights
- Retail trade increased 7.4 percent nationally and contributed to growth in all 50 states and the District of Columbia (GDP by Industry table 1).
- Finance and insurance increased 5.1 percent nationally and contributed to growth in all 50 states and the District of Columbia. This industry was the leading contributor to growth in Arizona, the third fastest growing state.
- Government increased 2.7 percent nationally and contributed to growth in 49 states and the District of Columbia. This industry was the leading contributor to growth in Utah, the second fastest growing state.
- Utilities increased 23.3 percent nationally and contributed to growth in all 50 states and the District of Columbia.