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Available for this release:  Full Release: PDF (1,630 kb),  Tables: XLS (110 kb), Highlights: PDF (401 kb)
| Sharon Panek: |
(202) 6069228 |
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BEA 03-16 |
| Ndidi Obidoa: |
(202) 6069229 |
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GROSS STATE PRODUCT BY INDUSTRY for 2001:
U.S. Economic Slowdown was Widespread
New data released today by the U.S. Bureau of Economic Analysis confirm that the economic slowdown in 2001, while mild by historical standards, was geographically widespread. Real gross state product (GSP) for the nation - GSP adjusted to reflect price changes - grew 0.4 percent in 2001, compared with a 0.2-percent decline during the 1990-91 recession, and a 1.6-percent decline during the more severe 1981-82 recession./1./ In 2001, real GSP declined in 20 states and growth decelerated in an additional 26 states. During the 1990-91 recession, real total GSP declined in 18 states and growth decelerated in an additional 19 states. In contrast, during the more severe 1981- 82 recession, real total GSP declined in 37 states and decelerated in an additional 12 states.
Chart 1 shows trends in real GSP growth for 1990-2001 for the U.S. and for the top- and bottom-quintile states, where quintiles are defined by 2001 growth. With the exception of 2000, average growth in the top quintile has exceeded the U.S. rate every year since 1990. Further, real GSP growth in the top quintile remained positive and relatively strong both during the 2001 slowdown and in the 1990-91 recession. In contrast, the bottom-quintile states fared worse in 2001 than in the 1990-91 recession, with an average decline of 1.6 percent in 2001, compared with an average decline of 0.8 percent in the 1990-91 recession. Many of the bottom-quintile states specialize in traditional manufacturing industries that are sensitive to economic slowdowns.
/1./ Percent changes are expressed at annual rates and refer to 2001, 1991, and 1982, respectively. The GSP estimates for 1999-2000 released today are revised. See the "Sources of GSP revisions" section on page 3 for details on the revisions.
This news release is available at BEA's web site at www.bea.gov/newsreleases/rels.htm.
GSP Growth by Industry
The slowdown in real U.S. GSP was characterized by a decline in goods-producing industries (except mining) and decelerated growth in most services-producing industries. Manufacturing, which declined 6.0 percent in 2001, was largely responsible for the decline in real GSP in goods-producing industries. Manufacturing declined in 40 states and was the largest contributor to declines in real total GSP for all of the bottom-quintile states except Alaska.
Among the other goods-producing industry divisions, real GSP in construction declined in 37 states. Growth in mining was an important contributor to total GSP growth in a number of states, including Wyoming, West Virginia, New Mexico, and Nevada. But, mining, primarily oil and gas extraction, contributed significantly to a decline in Alaska's real GSP.
Despite the deceleration in real U.S. GSP growth in several services-producing industries in 2001, growth in these industries remained relatively strong. Overall growth in retail trade decelerated to 4.6 percent in 2001 from 7.5 percent in 2000, and growth in finance, insurance and real estate decelerated to 2.8 percent from 6.2 percent. From 2000 to 2001, real GSP growth in retail trade decelerated in 46 states; growth in finance, insurance and real estate decelerated in 42 states; and growth in services decelerated in 38 states. However, retail trade continued to grow in all states except Connecticut; finance, insurance and real estate grew in all but 11 states; and services grew in all but 11 states. Within finance, insurance and real estate, double-digit growth was reported in 2001 for non-depository institutions and for security and commodity brokers. In Delaware, real GSP in finance, insurance and real estate grew 18 percent, mainly due to growth in depository institutions and holding and other investment offices.
In contrast to fast growth during the 1990's, real GSP in high-tech industries (a combination of goods- and services-producing industries) was mixed in 2001. Communications grew in all states except Colorado and electronic and other electric equipment manufacturing grew in 45 states. These industries contributed to growth in several of the top-quintile states, including New Mexico, Vermont, Maryland, Nevada, Florida, and Texas. But, real U.S. GSP declined in industrial machinery and equipment manufacturing and in business services.
Within tourism-related services-producing industries, slow growth or declines in U.S. GSP in transportation by air, hotels and other lodging places, and amusement and recreation services affected many states, partially reflecting reductions in business air travel and tourism after the terrorist attacks on September 11, 2001. Despite declines in two industries relatively important to its economy--transportation by air and hotels and other lodging places--Nevada was in the top quintile in 2001.
GSP Growth by Component
The changes over time in the capital and labor shares of industry value added reflect differences in the growth rates of the components of current-dollar GSP by industry--compensation of employees, indirect business tax and nontax liability, and property-type income. In every BEA region, the trends in the GSP income component shares mirrored the national trend for 1999-2001-- the share of compensation of employees increased, the share of indirect business tax and nontax liability was unchanged, and the share of property-type income decreased.
State shares of U.S. current-dollar GSP in 2001
In 2001, current-dollar GSP for the nation was $10.1 trillion. California accounted for the largest share (13.4 percent) of the nation; its GSP has exceeded $1 trillion since 1997 (see table 4). The other four states with the largest shares of the U.S. total were New York (8.2 percent), Texas (7.5 percent), Florida (4.8 percent), and Illinois (4.7 percent). North Dakota, Vermont, Wyoming, Montana, and South Dakota had the smallest shares. The states representing the five largest and five smallest shares did not change throughout the 1990s.
Sources of GSP revisions
The GSP estimates have been revised for 1999 and 2000 to incorporate the results of the most recent revisions of state personal income, of the national estimates of gross product by industry, and of the national income and product accounts (NIPA's). The revised GSP estimates also reflect incorporation of the 2000 and 2001 Annual Survey of Manufactures (ASM). The ASM data are based on the North American Industry Classification System (NAICS) rather than on the Standard Industrial Classification System (SIC). For this revision, the 1999-2001 ASM data were converted from NAICS to the SIC by BEA on the basis of information provided by the source agency (see "Industry classification" section below).
In general, the revisions to GSP as a percentage of the previously published estimates for all years were small. For the nation, current-dollar GSP was revised down $28.2 billion in 1999, and revised down $50.4 billion in 2000. For 2000, the five states with the largest downward percentage revisions were New Mexico (-3.3 percent), West Virginia (-3.2 percent), North Carolina (-3.1 percent), Arizona (-1.8 percent), and Mississippi (-1.7 percent). For a detailed discussion of major sources of the revisions and of the impacts of the revisions, see "Gross State Product by Industry, 1999-2001" in a forthcoming issue of the Survey of Current Business.
Industry classification
In 1997, U.S. federal statistical agencies adopted NAICS, an economic classification system that groups establishments into industries based on similarity of production processes. NAICS provides a new framework for collecting, analyzing, and disseminating economic data on an industry basis. Some of BEA's source data, however, still remain on a Standard Industrial Classification (SIC) basis. BEA plans to incorporate NAICS into its GSP estimates upon full implementation of NAICS by all of its source-data agencies in 2004-2005. For more information, see "The North American Industry Classification System in BEA's Economic Accounts," Survey of Current Business (May 2001): 7-13.
Definitions
GSP is the value added in production by the labor and property located in a state. GSP for a state is derived as the sum of the GSP originating in all industries in the state.
The estimates of real GSP were derived by applying national implicit price deflators by detailed industry to the current-dollar GSP estimates by detailed industry. Then, in order to capture the differences across states that reflect the relative differences in the mix of goods and services that the states produce, the same chain-type index formula used in the national accounts was used to calculate the estimates of total real GSP and real GSP by major industry. For additional information, see "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth," Survey of Current Business 77 (May 1997): 58-68; "Comprehensive Revision of Gross State Product by Industry, 1977-94," Survey 77 (June 1997): 28-29; and "Gross State Product by Industry, 1992-99," Survey 81 (August 2001): 69-90.
The relation of GSP to Gross Domestic Product (GDP)
In concept, an industry's GSP, referred to as its "value added," is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Thus, GSP is often considered the state counterpart of the nation's GDP, BEA's featured measure of U.S. output. In practice, GSP estimates are measured as the sum of the distributions by industry and state of the components of gross domestic income, that is, the sum of the costs incurred and incomes earned in the production of GDP.
GSP for the nation differs from GDP for the following reasons: GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy; GSP excludes and GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and GSP and GDP have different revision schedules. In 2000-2001, real GDP grew 0.3 percent, and real GSP for the nation grew 0.4 percent.
Availability of detailed GSP estimates
GSP estimates for 63 industries and 3 income components for states, BEA regions, and the United States are available on BEA's Web site: www.bea.gov. The site also contains BEA's major national, regional, international, and industry estimates; the Survey of Current Business; and BEA news releases.
In BEA's GSP accounts, estimates of compensation of employees and property-type income are based on estimates of wages and salaries and proprietors' income, respectively, from BEA's personal income accounts. For 2001, BEA's estimates of wages and salaries and proprietors' income were published on the 2002 North American Industry Classification System (NAICS) at the sub-sector level and on the 1987 Standard Industrial Classification (SIC) at the division level. Therefore, for the 2001 GSP estimates presented here, compensation of employees and property-type income estimates are being released at only the SIC division level, while estimates of GSP by industry and of indirect business tax and non-tax liability (IBT) are being released for the usual 63 SIC-based industries.
Regional Income and Product release dates for the rest of 2003:
State Personal Income, First Quarter 2003 ..................July 23 (Wednesday)
State Personal Income, Second Quarter 2003 .............October 23 (Thursday)
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Table 1. -- Percent Change in Real Gross State Product by Major Industry, 2000-2001
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Rank of
percent
Total Agri- Trans- Finance change
gross culture, Mining Con- Manu- portation Whole- Retail insur- Ser- Govern- in total
state forestry, struc- factur- and sale trade ance, vices ment gross
product and tion ing public trade and real state
fishing utilities estate product
---------------------------------------------------------------------------------------------------------------------------------------------------
United States ............. 0.4 -1.7 4.8 -1.6 -6.0 -0.2 -0.2 4.6 2.8 0.9 1.8 .......
New England ............. 0.0 1.2 4.2 1.5 -6.0 0.5 -3.0 4.0 1.4 0.2 2.6 .......
Connecticut ........... 0.7 -1.4 1.3 -1.1 -2.0 1.4 0.0 -0.5 2.1 -1.1 6.6 21
Maine ................. 0.8 -3.5 -5.9 -1.9 -8.4 0.8 2.8 6.2 2.5 2.8 2.1 18
Massachusetts ......... -0.4 5.1 5.0 3.3 -7.8 0.0 -6.6 5.5 1.7 0.0 0.9 39
New Hampshire ......... -1.8 3.7 5.3 5.0 -13.8 1.0 3.4 7.2 -3.0 1.5 0.7 48
Rhode Island .......... 0.3 1.7 38.0 -2.8 -2.7 -0.9 -1.7 3.9 -0.3 3.1 0.1 26
Vermont ............... 3.8 -0.1 3.6 -1.4 7.6 0.6 5.9 6.7 3.6 1.1 5.5 4
Mideast ................. 1.1 2.5 11.1 0.4 -6.0 1.6 0.2 4.7 3.4 1.3 0.6 .......
Delaware .............. 7.1 18.0 15.1 -3.8 -6.1 2.0 4.6 4.8 18.0 2.5 -1.6 1
District of Columbia .. 3.7 15.3 -22.0 -3.8 -9.6 5.4 -6.9 4.9 11.1 3.4 1.6 .......
Maryland .............. 2.6 4.4 6.4 1.4 0.0 1.6 2.3 5.2 2.9 2.7 3.0 6
New Jersey ............ -0.0 1.8 20.6 3.3 -10.0 -1.1 0.0 5.3 1.5 1.9 0.4 31
New York .............. 1.3 6.3 5.7 -0.4 -4.0 3.9 -0.8 4.1 3.9 0.2 -1.5 11
Pennsylvania .......... 0.1 -2.4 12.1 -1.0 -6.7 0.2 1.3 5.0 0.8 1.7 2.6 27
Great Lakes ............. -1.0 1.2 7.3 -4.2 -7.0 -2.8 -1.6 3.4 3.2 0.5 1.0 .......
Illinois .............. -0.0 -1.5 4.9 -1.4 -4.5 -3.5 -1.4 4.2 3.5 -0.1 0.7 32
Indiana ............... -1.8 4.9 8.7 -4.6 -8.9 -1.7 0.4 3.0 3.9 1.5 0.1 49
Michigan .............. -2.9 -2.1 9.3 -6.8 -9.8 -3.2 -5.0 3.0 0.8 -0.4 1.4 50
Ohio .................. -0.9 -3.2 9.1 -5.8 -7.9 -2.9 -1.3 2.8 4.7 1.4 0.9 44
Wisconsin ............. 0.8 10.1 -1.7 -3.3 -1.8 -0.5 1.6 3.8 2.1 1.0 2.3 19
Plains .................. -0.0 -4.1 7.4 -1.9 -4.7 -0.8 1.2 4.5 1.1 0.5 1.8 .......
Iowa .................. -0.6 -7.9 -3.5 -1.6 -2.3 -2.3 -1.7 4.0 0.1 0.8 1.3 41
Kansas ................ 1.0 3.0 4.6 -4.3 -1.3 1.5 0.2 3.4 1.4 1.8 1.3 16
Minnesota ............. -0.8 -8.0 20.4 -0.5 -8.1 -2.3 3.0 5.5 -0.5 -0.4 2.5 43
Missouri .............. 0.4 -3.2 8.9 -0.8 -4.0 -1.2 0.9 4.5 3.6 0.9 0.5 24
Nebraska .............. 0.1 8.1 4.0 -5.5 -6.1 0.4 -1.3 3.7 -0.4 1.7 1.9 29
North Dakota .......... -0.2 -11.6 1.1 -6.0 2.4 1.2 2.1 5.2 -5.5 -1.2 5.9 34
South Dakota .......... 1.0 -11.6 19.1 -1.7 -9.0 2.2 9.8 4.5 6.8 -2.4 6.0 15
Southeast ............... 0.5 -0.9 6.4 -2.3 -5.9 0.8 0.3 4.6 1.6 2.2 1.2 .......
Alabama ............... -0.2 10.1 10.1 -2.9 -4.7 -1.8 0.2 3.5 -1.3 1.9 1.0 36
Arkansas .............. -0.5 -4.0 6.8 -2.1 -9.0 1.2 2.1 5.0 2.4 1.7 1.2 40
Florida ............... 1.8 -5.8 -2.9 0.7 -5.1 0.6 2.1 6.0 3.6 2.0 0.1 9
Georgia ............... -0.4 3.6 -0.5 -2.2 -9.5 1.3 -0.9 5.6 -0.2 1.9 2.5 38
Kentucky .............. 0.5 -13.3 15.0 -3.1 -2.7 2.9 1.6 3.5 1.2 1.8 2.5 23
Louisiana ............. -0.3 -4.0 5.6 -7.2 -16.6 1.2 3.7 6.4 0.3 1.8 1.2 37
Mississippi ........... -1.2 16.8 -2.6 -8.1 -5.9 -2.3 -0.6 2.3 -0.8 -0.8 1.0 46
North Carolina ........ -1.4 -0.1 0.6 -3.6 -6.9 1.6 -0.0 4.5 -3.4 1.9 1.6 47
South Carolina ........ 0.4 5.2 -9.0 -4.4 1.1 -1.7 -1.1 2.7 0.6 1.9 -0.7 25
Tennessee ............. 1.1 0.3 -3.5 -6.2 -1.5 4.8 -1.1 2.9 3.1 1.9 1.5 13
Virginia .............. 1.9 -0.7 11.9 0.5 -5.0 -0.3 -2.8 4.0 6.0 4.5 1.4 7
West Virginia ......... 0.9 0.8 15.7 3.4 -8.1 -3.0 2.5 2.9 2.4 1.7 0.8 17
Southwest ............... 1.9 -3.6 5.3 -0.8 -0.2 -1.0 0.2 6.3 3.6 1.6 2.6 .......
Arizona ............... 3.3 4.8 7.6 -1.0 8.9 -0.7 3.2 6.2 4.6 -2.6 7.4 5
New Mexico ............ 4.9 12.5 6.4 1.6 13.7 1.5 3.7 5.4 1.3 0.6 6.2 2
Oklahoma .............. 1.0 -8.5 5.8 4.6 -8.5 3.3 4.6 5.2 1.1 1.3 3.3 14
Texas ................. 1.5 -6.3 5.0 -1.4 -2.0 -1.6 -0.9 6.5 3.7 2.7 1.0 10
Rocky Mountain .......... 0.8 7.5 8.0 -0.5 -10.7 -3.1 -0.0 5.8 4.1 1.9 2.8 .......
Colorado .............. 0.7 11.8 8.7 -0.1 -10.5 -3.4 -1.5 6.1 3.6 2.0 2.4 20
Idaho ................. -0.7 5.7 0.7 2.3 -13.5 0.8 1.8 7.0 0.1 2.7 2.9 42
Montana ............... 1.2 -1.3 6.0 1.5 -4.8 -3.0 1.8 5.6 2.4 0.7 3.0 12
Utah .................. 0.6 12.0 14.7 -4.2 -13.1 -3.8 0.6 4.1 7.6 1.1 3.0 22
Wyoming ............... 4.1 1.3 6.3 1.9 12.4 -2.8 9.1 6.8 0.6 4.7 4.1 3
Far West ................ 0.1 -5.2 -4.4 -1.7 -8.1 0.2 0.2 4.5 3.4 -0.5 3.7 .......
Alaska ................ -1.0 -0.3 -8.7 2.5 -9.5 -0.3 0.1 4.4 3.5 1.8 1.8 45
California ............ 0.1 -5.3 -6.5 -0.0 -11.2 1.3 0.6 5.0 3.9 -0.3 4.1 28
Hawaii ................ -0.1 -4.8 -25.0 -3.0 -7.1 -2.0 2.1 4.0 -0.7 0.3 0.7 33
Nevada ................ 1.9 3.7 28.2 -3.1 0.1 -1.9 6.3 6.6 3.3 -0.2 3.1 8
Oregon ................ 0.1 -3.1 8.2 -7.6 2.1 -6.3 -3.9 3.7 -0.8 0.9 2.9 30
Washington ............ -0.2 -7.4 -7.9 -5.8 0.6 -1.2 -1.2 1.6 1.9 -2.5 3.7 35
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Source: U.S. Bureau of Economic Analysis
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Table 2. -- Contributions to Percent Change in Real Gross State Product, 2000-2001
-----------------------------------------------------------------------------------------------------------------------------------------
Percentage points
-------------------------------------------------------------------------------------------------
Percent Agri- Trans- Finance
change culture, Mining Con- Manu- portation Whole- Retail insur- Ser- Govern-
in total forestry, struc- factur- and sale trade ance, vices ment
gross and tion ing public trade and real
state fishing utilities estate
product
-----------------------------------------------------------------------------------------------------------------------------------------
United States ............. 0.4 -0.02 0.06 -0.07 -0.89 -0.01 -0.01 0.40 0.54 0.20 0.21
New England ............. 0.0 0.01 0.00 0.06 -0.85 0.03 -0.20 0.33 0.36 0.04 0.24
Connecticut ........... 0.7 -0.01 0.00 -0.04 -0.30 0.08 0.00 -0.04 0.65 -0.25 0.56
Maine ................. 0.8 -0.07 0.00 -0.09 -1.31 0.05 0.17 0.71 0.48 0.57 0.30
Massachusetts ......... -0.4 0.03 0.00 0.15 -1.03 0.00 -0.48 0.41 0.42 0.00 0.08
New Hampshire ......... -1.8 0.03 0.00 0.22 -2.60 0.06 0.24 0.69 -0.77 0.31 0.06
Rhode Island .......... 0.3 0.01 0.01 -0.15 -0.31 -0.05 -0.09 0.34 -0.10 0.64 0.01
Vermont ............... 3.8 0.00 0.01 -0.06 1.18 0.05 0.34 0.66 0.66 0.25 0.72
Mideast ................. 1.1 0.02 0.02 0.02 -0.71 0.13 0.01 0.35 0.92 0.31 0.07
Delaware .............. 7.1 0.15 0.00 -0.16 -0.89 0.10 0.19 0.32 7.12 0.40 -0.15
District of Columbia .. 3.7 0.01 -0.01 -0.04 -0.13 0.26 -0.09 0.13 1.70 1.27 0.58
Maryland .............. 2.6 0.04 0.01 0.08 0.00 0.11 0.14 0.45 0.62 0.67 0.52
New Jersey ............ -0.0 0.01 0.02 0.17 -1.63 -0.13 0.00 0.51 0.45 0.54 0.04
New York .............. 1.3 0.03 0.00 -0.01 -0.40 0.27 -0.05 0.28 1.29 0.05 -0.15
Pennsylvania .......... 0.1 -0.02 0.07 -0.04 -1.22 0.02 0.08 0.44 0.15 0.40 0.25
Great Lakes ............. -1.0 0.01 0.02 -0.21 -1.56 -0.21 -0.12 0.30 0.55 0.10 0.11
Illinois .............. -0.0 -0.01 0.01 -0.07 -0.70 -0.31 -0.12 0.34 0.78 -0.02 0.07
Indiana ............... -1.8 0.06 0.03 -0.25 -2.65 -0.13 0.02 0.27 0.52 0.26 0.01
Michigan .............. -2.9 -0.02 0.02 -0.35 -2.47 -0.21 -0.37 0.28 0.12 -0.08 0.15
Ohio .................. -0.9 -0.03 0.04 -0.27 -1.83 -0.20 -0.09 0.27 0.79 0.27 0.11
Wisconsin ............. 0.8 0.18 0.00 -0.17 -0.43 -0.04 0.11 0.34 0.34 0.18 0.26
Plains .................. -0.0 -0.11 0.04 -0.09 -0.82 -0.07 0.09 0.42 0.18 0.10 0.22
Iowa .................. -0.6 -0.32 -0.01 -0.07 -0.51 -0.19 -0.12 0.35 0.01 0.15 0.16
Kansas ................ 1.0 0.08 0.06 -0.21 -0.21 0.19 0.02 0.33 0.19 0.32 0.18
Minnesota ............. -0.8 -0.14 0.07 -0.03 -1.40 -0.17 0.24 0.51 -0.09 -0.08 0.25
Missouri .............. 0.4 -0.05 0.02 -0.04 -0.71 -0.12 0.06 0.43 0.57 0.18 0.06
Nebraska .............. 0.1 0.35 0.01 -0.27 -0.80 0.05 -0.10 0.31 -0.06 0.34 0.26
North Dakota .......... -0.2 -0.67 0.04 -0.30 0.20 0.12 0.18 0.49 -0.85 -0.23 0.86
South Dakota .......... 1.0 -0.89 0.09 -0.07 -1.15 0.16 0.64 0.44 1.42 -0.42 0.77
Southeast ............... 0.5 -0.01 0.11 -0.12 -0.92 0.07 0.02 0.45 0.27 0.44 0.16
Alabama ............... -0.2 0.18 0.11 -0.14 -0.88 -0.15 0.01 0.36 -0.20 0.33 0.15
Arkansas .............. -0.5 -0.13 0.05 -0.10 -1.92 0.12 0.14 0.58 0.29 0.29 0.15
Florida ............... 1.8 -0.10 0.00 0.04 -0.33 0.05 0.16 0.67 0.79 0.50 0.01
Georgia ............... -0.4 0.05 0.00 -0.11 -1.53 0.14 -0.08 0.51 -0.03 0.38 0.30
Kentucky .............. 0.5 -0.31 0.25 -0.15 -0.71 0.23 0.10 0.32 0.13 0.29 0.34
Louisiana ............. -0.3 -0.04 1.01 -0.33 -2.26 0.10 0.19 0.51 0.04 0.29 0.14
Mississippi ........... -1.2 0.39 -0.03 -0.40 -1.12 -0.22 -0.03 0.25 -0.09 -0.15 0.16
North Carolina ........ -1.4 0.00 0.00 -0.19 -1.57 0.10 -0.00 0.39 -0.66 0.32 0.21
South Carolina ........ 0.4 0.06 -0.01 -0.27 0.22 -0.16 -0.07 0.29 0.08 0.32 -0.11
Tennessee ............. 1.1 0.00 -0.01 -0.30 -0.28 0.39 -0.08 0.32 0.46 0.40 0.17
Virginia .............. 1.9 -0.01 0.05 0.03 -0.62 -0.03 -0.16 0.33 1.09 1.02 0.24
West Virginia ......... 0.9 0.01 0.99 0.17 -1.11 -0.33 0.13 0.29 0.28 0.32 0.14
Southwest ............... 1.9 -0.05 0.29 -0.04 -0.03 -0.10 0.01 0.60 0.55 0.33 0.32
Arizona ............... 3.3 0.07 0.06 -0.06 1.18 -0.05 0.21 0.67 0.88 -0.58 0.89
New Mexico ............ 4.9 0.26 0.60 0.07 1.86 0.12 0.15 0.48 0.17 0.12 1.08
Oklahoma .............. 1.0 -0.19 0.32 0.18 -1.32 0.31 0.27 0.52 0.14 0.23 0.54
Texas ................. 1.5 -0.08 0.31 -0.07 -0.26 -0.18 -0.07 0.61 0.56 0.54 0.11
Rocky Mountain .......... 0.8 0.15 0.24 -0.03 -1.23 -0.33 -0.00 0.54 0.68 0.39 0.36
Colorado .............. 0.7 0.16 0.14 -0.01 -1.03 -0.41 -0.10 0.57 0.64 0.46 0.28
Idaho ................. -0.7 0.30 0.00 0.15 -2.87 0.06 0.11 0.69 0.01 0.46 0.39
Montana ............... 1.2 -0.05 0.22 0.08 -0.34 -0.35 0.11 0.55 0.33 0.15 0.50
Utah .................. 0.6 0.13 0.25 -0.26 -1.73 -0.31 0.03 0.40 1.42 0.23 0.43
Wyoming ............... 4.1 0.03 1.48 0.10 0.87 -0.37 0.36 0.49 0.07 0.54 0.57
Far West ................ 0.1 -0.10 -0.04 -0.08 -1.10 0.01 0.01 0.41 0.71 -0.11 0.42
Alaska ................ -1.0 -0.01 -1.89 0.11 -0.37 -0.05 0.00 0.28 0.37 0.24 0.35
California ............ 0.1 -0.10 -0.04 -0.00 -1.55 0.09 0.04 0.45 0.88 -0.07 0.43
Hawaii ................ -0.1 -0.06 -0.03 -0.13 -0.20 -0.19 0.08 0.44 -0.16 0.07 0.14
Nevada ................ 1.9 0.03 0.53 -0.31 0.00 -0.14 0.29 0.69 0.61 -0.07 0.32
Oregon ................ 0.1 -0.10 0.01 -0.48 0.68 -0.53 -0.36 0.37 -0.14 0.19 0.42
Washington ............ -0.2 -0.17 -0.02 -0.30 0.08 -0.10 -0.08 0.16 0.36 -0.60 0.50
-----------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Bureau of Economic Analysis
***************************************************************************************************************
Table 3. -- Gross State Product in Current Dollars, 1995-2001
[Millions of dollars]
------------------------------------------------------------------------------------------------------------------------------------------
Percentage of U.S. total
1995 1996 1997 1998 1999/r/ 2000/r/ 2001/p/ -------------------------
2000 2001
------------------------------------------------------------------------------------------------------------------------------------------
United States ............. 7,309,516 7,715,901 8,224,960 8,750,174 9,251,541 9,891,187 10,137,190 100.0 100.0
New England ............. 416,166 439,596 471,336 503,940 533,324 582,874 594,686 5.9 5.9
Connecticut ........... 118,645 124,157 134,968 142,701 149,010 161,929 166,165 1.6 1.6
Maine ................. 27,987 28,925 30,409 32,208 34,102 36,276 37,449 .4 .4
Massachusetts ......... 197,469 210,127 223,571 241,369 257,802 283,072 287,802 2.9 2.8
New Hampshire ......... 32,388 35,068 37,470 40,529 43,360 47,385 47,183 .5 .5
Rhode Island .......... 25,703 26,656 29,409 30,838 31,895 36,086 36,939 .4 .4
Vermont ............... 13,974 14,662 15,510 16,294 17,155 18,124 19,149 .2 .2
Mideast ................. 1,403,270 1,471,796 1,547,124 1,649,536 1,720,155 1,837,583 1,900,223 18.6 18.7
Delaware .............. 27,575 29,001 31,263 32,693 34,696 37,247 40,509 .4 .4
District of Columbia .. 48,408 48,505 50,546 52,145 55,382 59,963 64,459 .6 .6
Maryland .............. 139,495 145,061 154,646 164,100 173,836 185,049 195,007 1.9 1.9
New Jersey ............ 271,435 285,738 299,986 316,875 332,155 357,453 365,388 3.6 3.6
New York .............. 597,593 633,830 663,377 718,686 743,873 798,382 826,488 8.1 8.2
Pennsylvania .......... 318,765 329,660 347,306 365,038 380,213 399,488 408,373 4.0 4.0
Great Lakes ............. 1,191,441 1,243,554 1,317,428 1,396,841 1,456,553 1,523,441 1,536,991 15.4 15.2
Illinois .............. 359,451 375,949 400,327 423,175 440,899 466,312 475,541 4.7 4.7
Indiana ............... 148,447 155,096 162,953 176,110 181,287 189,778 189,919 1.9 1.9
Michigan .............. 254,179 265,130 279,503 293,173 312,054 323,717 320,470 3.3 3.2
Ohio .................. 295,668 306,333 326,451 346,648 357,378 370,617 373,708 3.7 3.7
Wisconsin ............. 133,694 141,046 148,194 157,735 164,935 173,016 177,354 1.7 1.7
Plains .................. 484,013 516,213 547,790 575,122 598,424 635,038 647,904 6.4 6.4
Iowa .................. 71,687 76,976 81,695 83,069 85,540 89,654 90,942 .9 .9
Kansas ................ 64,069 68,160 72,998 76,648 80,208 84,526 87,196 .9 .9
Minnesota ............. 131,841 141,540 152,334 163,009 171,490 186,097 188,050 1.9 1.9
Missouri .............. 139,547 146,537 155,811 163,425 168,877 177,104 181,493 1.8 1.8
Nebraska .............. 44,084 47,772 49,275 51,349 53,494 55,649 56,967 .6 .6
North Dakota .......... 14,529 15,855 15,910 17,053 17,093 18,556 19,005 .2 .2
South Dakota .......... 18,257 19,372 19,767 20,570 21,723 23,452 24,251 .2 .2
Southeast ............... 1,599,405 1,684,304 1,791,586 1,905,267 2,029,995 2,145,947 2,205,625 21.7 21.8
Alabama ............... 95,514 99,286 104,213 109,672 115,095 119,319 121,490 1.2 1.2
Arkansas .............. 53,809 56,796 59,141 61,298 64,993 66,793 67,913 .7 .7
Florida ............... 344,771 366,318 389,473 415,564 442,613 471,623 491,488 4.8 4.8
Georgia ............... 203,505 219,520 235,733 254,891 276,510 295,539 299,874 3.0 3.0
Kentucky .............. 91,472 95,536 101,535 107,648 112,396 117,233 120,266 1.2 1.2
Louisiana ............. 112,157 116,867 123,549 122,580 133,940 144,984 148,697 1.5 1.5
Mississippi ........... 54,562 56,575 58,743 61,709 64,219 66,162 67,125 .7 .7
North Carolina ........ 194,634 204,329 221,629 241,220 260,628 272,934 275,615 2.8 2.7
South Carolina ........ 86,880 89,854 95,447 101,384 106,800 112,197 115,204 1.1 1.1
Tennessee ............. 136,821 142,051 151,738 162,228 170,771 177,401 182,515 1.8 1.8
Virginia .............. 188,963 199,953 212,105 228,049 241,503 260,837 273,070 2.6 2.7
West Virginia ......... 36,315 37,220 38,281 39,024 40,525 40,926 42,368 .4 .4
Southwest ............... 730,598 785,031 858,147 904,979 958,013 1,035,273 1,073,842 10.5 10.6
Arizona ............... 104,586 112,882 122,273 132,897 144,596 153,469 160,687 1.6 1.6
New Mexico ............ 42,170 44,114 47,829 48,488 49,221 52,592 55,426 .5 .5
Oklahoma .............. 69,960 74,855 79,423 82,189 85,389 90,942 93,855 .9 .9
Texas ................. 513,882 553,180 608,622 641,405 678,808 738,270 763,874 7.5 7.5
Rocky Mountain .......... 214,923 230,695 249,183 266,375 287,132 315,341 324,139 3.2 3.2
Colorado .............. 109,021 117,118 129,575 139,860 152,331 169,341 173,772 1.7 1.7
Idaho ................. 27,155 28,101 29,388 31,041 34,584 36,755 36,905 .4 .4
Montana ............... 17,537 18,074 18,907 19,971 20,566 21,702 22,635 .2 .2
Utah .................. 46,290 51,523 55,070 59,084 62,635 68,430 70,409 .7 .7
Wyoming ............... 14,920 15,879 16,244 16,420 17,015 19,113 20,418 .2 .2
Far West ................ 1,269,700 1,344,712 1,442,365 1,548,113 1,667,945 1,815,689 1,853,781 18.4 18.3
Alaska ................ 24,791 25,774 26,575 24,651 25,550 28,129 28,581 .3 .3
California ............ 925,931 973,395 1,045,254 1,125,331 1,213,355 1,330,025 1,359,265 13.4 13.4
Hawaii ................ 37,243 37,490 38,537 39,371 40,662 42,524 43,710 .4 .4
Nevada ................ 49,377 54,564 59,248 63,786 69,534 75,533 79,220 .8 .8
Oregon ................ 81,092 91,709 97,510 102,943 110,374 121,383 120,055 1.2 1.2
Washington ............ 151,265 161,779 175,242 192,031 208,470 218,095 222,950 2.2 2.2
------------------------------------------------------------------------------------------------------------------------------------------
r Revised.
p Preliminary.
Note: Estimates may not add to totals due to rounding.
Source: U.S. Bureau of Economic Analysis
***************************************************************************************************************
Table 4. -- Real Gross State Product, 1995-2001
[Millions of chained (1996) dollars]
---------------------------------------------------------------------------------------------------------------
1995 1996 1997 1998 1999/r/ 2000/r/ 2001/p/
---------------------------------------------------------------------------------------------------------------
United States ............. 7,433,965 7,715,901 8,093,396 8,502,663 8,882,613 9,298,227 9,335,399
New England ............. 422,524 439,596 463,498 488,673 511,623 549,341 549,472
Connecticut ........... 120,792 124,157 132,620 138,159 142,699 151,987 152,985
Maine ................. 28,256 28,925 29,958 31,121 32,418 33,746 34,020
Massachusetts ......... 200,537 210,127 219,716 233,981 247,354 266,840 265,722
New Hampshire ......... 32,630 35,068 37,131 39,965 42,529 46,082 45,270
Rhode Island .......... 26,182 26,656 28,766 29,541 30,058 33,349 33,451
Vermont ............... 14,133 14,662 15,304 15,921 16,611 17,387 18,048
Mideast ................. 1,427,110 1,471,796 1,517,005 1,589,707 1,643,461 1,721,622 1,741,057
Delaware .............. 28,236 29,001 30,142 30,594 31,961 33,381 35,745
District of Columbia .. 49,737 48,505 49,265 49,613 51,291 54,080 56,077
Maryland .............. 142,140 145,061 151,478 157,610 164,001 170,747 175,256
New Jersey ............ 275,002 285,738 294,088 304,851 316,040 332,927 332,897
New York .............. 609,090 633,830 651,107 695,186 717,677 756,573 766,526
Pennsylvania .......... 322,915 329,660 340,924 351,920 362,533 374,012 374,500
Great Lakes ............. 1,206,844 1,243,554 1,300,504 1,360,725 1,404,960 1,448,553 1,434,052
Illinois .............. 364,080 375,949 394,497 411,417 424,851 441,904 441,797
Indiana ............... 150,037 155,096 161,059 171,703 175,395 181,542 178,184
Michigan .............. 258,329 265,130 275,991 285,449 299,525 306,437 297,475
Ohio .................. 299,232 306,333 322,050 337,650 344,957 352,654 349,331
Wisconsin ............. 135,169 141,046 146,903 154,512 160,224 166,019 167,299
Plains .................. 493,438 516,213 541,882 561,737 579,248 605,144 604,905
Iowa .................. 73,111 76,976 81,541 82,332 84,376 87,454 86,968
Kansas ................ 65,618 68,160 72,113 74,830 77,480 79,919 80,680
Minnesota ............. 133,804 141,540 150,415 158,919 165,644 176,841 175,371
Missouri .............. 141,926 146,537 153,392 158,123 161,395 166,677 167,370
Nebraska .............. 45,247 47,772 48,924 50,296 52,047 53,517 53,563
North Dakota .......... 14,988 15,855 15,819 16,884 16,825 17,787 17,757
South Dakota .......... 18,744 19,372 19,673 20,323 21,456 22,937 23,165
Southeast ............... 1,625,905 1,684,304 1,761,146 1,841,807 1,924,738 1,985,453 1,994,577
Alabama ............... 96,624 99,286 102,646 106,367 110,426 112,295 112,026
Arkansas .............. 54,689 56,796 58,585 59,967 63,207 64,046 63,701
Florida ............... 350,565 366,318 382,250 400,891 420,176 438,639 446,482
Georgia ............... 206,415 219,520 231,808 245,966 261,522 274,886 273,876
Kentucky .............. 92,794 95,536 100,210 104,359 106,590 109,537 110,074
Louisiana ............. 116,496 116,867 120,699 120,783 129,495 125,733 125,295
Mississippi ........... 55,420 56,575 57,794 59,893 61,797 62,295 61,527
North Carolina ........ 197,500 204,329 218,108 232,122 242,941 249,784 246,291
South Carolina ........ 87,750 89,854 94,252 98,360 102,379 106,108 106,485
Tennessee ............. 138,632 142,051 149,239 156,836 162,665 166,632 168,412
Virginia .............. 192,486 199,953 207,892 218,406 224,464 236,945 241,539
West Virginia ......... 36,569 37,220 37,668 37,791 39,111 38,665 39,012
Southwest ............... 747,594 785,031 844,386 892,737 935,268 974,776 992,959
Arizona ............... 105,397 112,882 120,763 130,720 141,368 148,806 153,684
New Mexico ............ 42,708 44,114 47,621 49,554 50,305 52,361 54,930
Oklahoma .............. 71,819 74,855 78,111 80,759 82,990 85,092 85,948
Texas ................. 527,685 553,180 597,889 631,688 660,534 688,473 698,547
Rocky Mountain .......... 219,072 230,695 245,237 259,522 276,625 296,816 299,089
Colorado .............. 111,244 117,118 127,314 135,590 145,524 158,173 159,308
Idaho ................. 27,395 28,101 29,322 31,015 34,688 37,089 36,832
Montana ............... 17,858 18,074 18,614 19,422 19,898 20,461 20,708
Utah .................. 46,965 51,523 53,999 57,011 59,683 63,565 63,933
Wyoming ............... 15,617 15,879 15,983 16,470 16,852 17,528 18,254
Far West ................ 1,291,429 1,344,712 1,419,778 1,507,858 1,606,940 1,717,175 1,719,594
Alaska ................ 26,355 25,774 26,056 24,920 25,064 24,725 24,490
California ............ 941,853 973,395 1,029,232 1,096,091 1,169,845 1,258,449 1,260,041
Hawaii ................ 37,948 37,490 37,668 37,622 38,047 38,860 38,839
Nevada ................ 50,062 54,564 57,518 60,522 64,375 68,216 69,538
Oregon ................ 81,330 91,709 97,097 103,218 111,388 124,781 124,847
Washington ............ 153,987 161,779 172,216 185,474 198,264 202,812 202,470
---------------------------------------------------------------------------------------------------------------
Not allocated by state/1/. -130 0 -35 -53 -330 -1,526 -1,146
r Revised.
p Preliminary.
1. Equals total gross state product less the sum of gross state product of the states.
Because the formula for the chain-type quantity indexes uses weights of more than one period
the corresponding chained-dollar estimates are not additive.
NOTE. Chained (1996) dollar series are calculated as the product of the chain-type quantity
index and the 1996 current-dollar value of the corresponding series, divided by 100.
Source: U.S. Bureau of Economic Analysis
Last updated:
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