Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the first quarter ranged from 3.6 percent in Washington to -0.6 percent in North Dakota.
Real estate and rental and leasing along with information services were the leading contributors to the increase in real GDP nationally and in Washington, the fastest growing state. North Dakota was the only state with a decrease in first quarter real GDP. Mining and construction subtracted the most from growth in this state.
Other highlights
Real estate and rental and leasing increased 3.3 percent nationally – the eleventh consecutive quarter of growth. This industry contributed to growth in 47 states and the District of Columbia.
Information services increased 6.8 percent nationally. In addition to Washington, this industry was the leading contributor to the increase in real GDP in Colorado and contributed to growth in every other state and the District of Columbia.
Nondurable goods manufacturing increased 3.8 percent nationally. This industry contributed to growth in 46 states and the District of Columbia.
Durable goods manufacturing increased 3.2 percent nationally–the eighth consecutive quarter of growth. This industry was the leading contributor to the increases in real GDP in the Great Lakes states of Indiana, Michigan, and Wisconsin.
Mining increased 5.5 percent nationally–the sixth consecutive quarter of growth. This industry was the leading contributor to the increases in real GDP in Texas and West Virginia.
Agriculture, forestry, fishing, and hunting decreased 4.6 percent nationally. Although this industry declined nationally, it was the leading contributor to the increases in real GDP in South Dakota and Wyoming, which were among the fastest growing states.
