GDP By State, 2021Q1

BEA released figures Friday. From the release:

Durable goods manufacturing; professional, scientific, and technical services; and information services were the leading contributors to the increase in real GDP nationally (table 2). Accommodation and food services was the leading contributor to the increase in Nevada. Accommodation and food services increased 16.9 percent nationally and contributed to the increases in all 50 states and the District of Columbia.

Other highlights

  • Durable goods manufacturing increased 15.6 percent nationally and contributed to the increases in 48 states. This industry was the leading contributor to the increases in 24 states including Utah, the state with the second largest increase.
  • Professional, scientific and technical services increased 11.8 percent nationally and contributed to the increases in all 50 states and the District of Columbia. This industry was the leading contributor to the increase in six states and the District of Columbia.
  • Information services increased 14.4 percent nationally and contributed to the increases in all 50 states and the District of Columbia. This industry was the leading contributor to the increase in Colorado, the state with the fifth largest increase.
  • Nondurable goods manufacturing decreased 4.2 percent nationally. This industry moderated increases in real GDP in 36 states, including Texas, the state with the smallest increase.

Overall, the Nation is close to peak levels recorded in 2019Q4; however, there’s wide variation.

Figure 1: GDP relative to 2019Q4 GDP; darker shading denotes higher ratios. An entry of 0.06 indicates GDP was 6% higher in 2021Q1 than in 2019Q4. Source: BEA, and author’s calculations.

Hawaii is at the top at 7.9%, Utah at the bottom at -3.9%.

Quarter 1 growth rate also varies widely. Below are annualized rates.

Figure 2: GDP annualized growth rate, 2021Q1. Darker shading denotes faster growth. An entry of 0.11 denotes 11% annualized growth. Source: BEA and author’s calculations.

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