Real gross domestic product (GDP) increased in 49 states and the
District of Columbia in 2012, according to new statistics released today
by the U.S. Bureau of Economic Analysis (BEA) that breakdown GDP by
state.1 Durable–goods manufacturing, finance and insurance,
and wholesale trade were the leading contributors to real U.S. economic
growth. U.S. real GDP by state grew 2.5 percent in 2012 after a 1.6
percent increase in 2011.
Real GDP increased in all eight BEA regions in 2012, with growth
accelerating in seven of eight regions. The Great Lakes region was the
only region where growth decelerated relative to growth in 2011. The
Southwest region grew the fastest (4.1 percent), led by Texas with a 4.8
percent increase.
READ MORE: http://www.bea.gov/newsreleases/regional/gdp_state/2013/gsp0613.htm
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