Maris Research

State-Level GDP in the First Quarter of 2021

Share on facebook
Share on facebook
Share on twitter
Share on linkedin

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2021 compared to the last quarter of 2020. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 10.9 percent in Nevada to 2.9 percent in the District of Columbia.

Nationwide, growth in real GDP, measured on a seasonally adjusted annual rate basis, increased 6.4 percent in the first quarter of 2021, after an increase of 4.3 percent in the previous quarter. The increase in real GDP reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Durable goods manufacturing; professional, scientific, and technical services; and information services were the leading contributors to the increase in real GDP across the country.

Regionally, real GDP growth increased in all the regions from the fourth quarter of 2020 to the first quarter of 2021. The percent change in real GDP ranged from 4.8 percent increase in Southwest region (Arizona, New Mexico, Oklahoma, and Texas) to 7.8 percent increase in the Rocky Mountain region (Colorado, Idaho, Montana, Utah,

... continue reading 3rd party author's post at source website


Can't Get Enough Freebies? Subscribe to our Newsletter!

We will send you free research and analysis summarized at the end of each month.

Newsletter Sign up

Top Posts


What is Flywheel?


More Articles.

Nat. Assn. of Realtors

Annual Existing-Home Sales Hit Highest Mark Since 2006

Total existing-home sales,1, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.6% from November to a seasonally adjusted annual rate of 6.18 million in December. From a year-over-year perspective, sales waned 7.1% (6.65 million in December 2020). “December saw sales retreat, but the pull back was more a sign of supply

Read More »

‘$20 Trillion In 10 Years’—Famed Investor’s Huge Bitcoin And Ethereum Price Prediction Revealed and cryptocurrencies have swung wildly over the last week, with the bitcoin price falling sharply before suddenly rebounding. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The ethereum price plunged along with bitcoin and other major cryptocurrencies, wiping over $1 trillion from

Read More »

Get content like this sent directly to your inbox!

Follow OnceBurned

Share on facebook
Share on twitter
Share on linkedin
Scroll to Top