State GDP Relative To 2019Q4

Here’s the cumulative GDP decline relative to 2019Q4, nationwide:

Figure 1: Decline in real GDP by state relative to 2019Q4 levels. Nationwide decline is 3.4% on this state-level basis. Source: BEA and author’s calculations.

Wisconsin’s decline (discussed in this post) at 3.6% is slightly larger than the nationwide decline 3.4% (US GDP reported on a basis consistent with state-level GDP).

Washington state, which has implemented fairly comprehensive public health measures during the pandemic, has done relatively well, with essentially zero net loss by 2020Q3; it’s second to Utah, which is the only state registering a gain (of 0.2%).

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