News Release

Gross State Product (GSP) by Industry, 2001-2003 and Accelerated Total GSP for 2004

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Ralph Stewart, BEA (202)606–2649   BEA 08—24
Thomas Dail, BEA (202) 606-9209

ECONOMIES GROW IN ALL STATES IN 2004
Prototype Gross State Product (GSP) Estimates

In 2004, strong U.S. real economic growth was widespread; real GSP grew in all 50 states and the District of Columbia, according to estimates released by the U.S. Bureau of Economic Analysis.1 GSP is the most comprehensive measure of overall economic activity in each state.

Highlights for 2004

  • Growth in real U.S. GSP accelerated from 2.8 percent in 2003 to 4.2 percent in 2004; all but seven states shared in that acceleration.
  • The financial services and information-communications-technology sectors were the largest contributors to growth, and most of the fastest-growing states have large concentrations in one or both of these sectors.

Chart 1: map of United States showing percent change in real gross state product, 2003-2004

12004 estimates are based on a prototype methodology to speed up release of BEA's GSP estimates—one of BEA's major goals in its strategic plan, subject to funding. BEA is interested in the views of its data users on this initiative; please send your comments to gspread@bea.gov. Estimates for 2003 and earlier are based on BEA's regular GSP methodology. For further details, see the forthcoming July 2005 Survey of Current Business article on gross state product. Revised 2004 GSP totals, along with prototype accelerated NAICS sector-level estimates of GSP for 2004, will be released in the Fall 2005.
bar graph showing real US GSP growth rates 1997-2004

Industry Detail for 2003

  • Real GSP grew in all states except Alaska. Growth in services-providing industries was strong in all states.
  • The financial services sector was the largest contributor to growth in 19 states; durable goods manufacturing was the largest contributor to growth in 12 states.

Revisions to the Estimates

  • BEA's improved measures of banking output, fully incorporated into this set of GSP estimates, resulted in stronger growth in that industry for 44 states.
  • Overall, the revisions had a limited impact on relative growth rates across states. The earlier prototype estimates for 2003 indicated successfully whether a state's growth was high, medium, or low (relative to national growth) for 78 percent of the states.

Tables 1-4 show these results in more detail; complete detail is available on BEA's web site at www.bea.gov.

BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.

Prototype accelerated estimates

The prototype 2004 GSP estimates are being released six months after the reference year, an acceleration of 12 months from past release schedules. Both current-dollar and real (chained) total GSP estimates for 2004 are provided in the release. The 2004 estimates are based on BEA earnings by industry estimates released March 28, 2005 and on accelerated GDP by industry estimates released April 20, 2005. More information on the methodology used to produce the prototype estimates, on the regular (revised) GSP estimates for 1997–2003, and on revisions to the GSP estimates will appear in an article in the July 2005 issue of the Survey of Current Business, BEA's monthly journal.

This release marks the second step toward regularly providing more timely estimates of GSP by industry. The first step was the December 2004 release of prototype current-dollar total GSP estimates for 2003. In the fall of 2005, as part of its strategic plan goal of significantly accelerating the release of its estimates, BEA plans to release both current-dollar and real NAICS sector-level GSP estimates for 2004— 10 months after the reference year and an acceleration of 8 months from past release schedules.

BEA is interested in your comments

Given the experimental nature of the accelerated estimates, BEA is interested in your views on the proposed methodology for the estimates, the appropriate level of industry detail, and the tradeoff between accuracy and timeliness. We encourage your feedback on the value of this initiative in BEA's Strategic Plan. Please e-mail your comments to BEA's Associate Director for Regional Economics, John W. Ruser, at gspread@bea.gov

Explanatory Notes

Definitions

GSP is the state counterpart of the Nation's gross domestic product (GDP), the Bureau's featured and most comprehensive measure of U.S. economic activity. GSP for a state is derived as the sum of the GSP originating in all the industries in the state.

Real GSP is an inflation-adjusted measure of each state's gross product that is based on national prices for the goods and services produced within that state. The estimates of real GSP and of quantity indexes with a base year of 2000 are derived by applying national implicit price deflators to the current-dollar GSP estimates for the 63 SIC industries for years 1977–1997, and for the 81 NAICS industries for years 1997 forward. Then, the chain-type index formula that is used in the national accounts is used to calculate the estimates of total real GSP and of real GSP at more aggregated industry levels.

The relation of GSP to Gross Domestic Product (GDP)

An industry's GSP, or its value added, is equal 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, the GSP accounts provide data by industry and state that are consistent with gross domestic product (GDP) in the national income and product accounts, and with the GDP by industry accounts.

However, for the NAICS-based GSP estimates for years 1997 forward, total GSP for the Nation differs from GDP in the national income and product accounts for two reasons. First, GSP excludes, and GDP and GDP by industry include, 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 domestically located office equipment. Second, GSP and GDP often have different revision schedules.

For the SIC-based GSP estimates for years 1977–1997, there is a third reason why U.S. GSP differs from GDP for the Nation. Like the national estimates of GDP by industry, GSP is measured as the sum of the distributions by industry of the components of gross domestic income, which differs from GDP by the statistical discrepancy. For 1997 forward, the statistical discrepancy is distributed among all private industries. This is not done for the SIC-based estimates.


Tables 1-4. Tables 1-4 are displayed below as unformatted text; the tables are also available in the PDF version of this news release and in XLS format.

                                    Table 1. Real Gross State Product, 2000 - 2004
                                      Millions of chained (2000) dollars                     Percent change              Rank
                             2000       2001       2002        2003       2004*     2001     2002     2003     2004*     2004*
    United States ...... 9,749,104  9,836,571  10,009,433 10,289,220 10,720,296      0.9      1.8      2.8      4.2     ......
New England ............   568,212    573,703     573,700    588,536    617,107      1.0      0.0      2.6      4.9     ......
  Connecticut ..........   160,685    161,595     160,115    164,137    172,355      0.6     -0.9      2.5      5.0         14
  Maine ................    35,662     36,138      37,110     38,097     39,536      1.3      2.7      2.7      3.8         31
  Massachusetts ........   276,786    279,434     278,213    284,286    298,020      1.0     -0.4      2.2      4.8         17
  New Hampshire ........    43,584     43,691      44,475     45,874     48,550      0.2      1.8      3.1      5.8          5
  Rhode Island .........    33,835     34,493      35,025     36,547     38,017      1.9      1.5      4.3      4.0         27
  Vermont ..............    17,661     18,350      18,748     19,562     20,608      3.9      2.2      4.3      5.3          8
Mideast ................ 1,785,625  1,826,540   1,844,564  1,897,722  1,977,337      2.3      1.0      2.9      4.2     ......
  Delaware .............    42,359     43,802      44,545     46,952     49,413      3.4      1.7      5.4      5.2         10
  District of Columbia .    58,425     61,087      62,582     64,137     66,871      4.6      2.4      2.5      4.3     ......
  Maryland .............   179,978    187,245     192,482    198,334    206,375      4.0      2.8      3.0      4.1         26
  New Jersey ...........   343,959    354,390     363,045    371,806    383,725      3.0      2.4      2.4      3.2         40
  New York .............   769,403    783,183     777,099    801,038    843,084      1.8     -0.8      3.1      5.2          9
  Pennsylvania .........   391,501    396,814     404,630    415,281    427,825      1.4      2.0      2.6      3.0         43
Great Lakes ............ 1,543,596  1,528,043   1,545,045  1,574,421  1,617,825     -1.0      1.1      1.9      2.8     ......
  Illinois .............   464,257    465,299     465,826    470,101    485,231      0.2      0.1      0.9      3.2         39
  Indiana ..............   194,683    190,876     194,993    201,263    208,434     -2.0      2.2      3.2      3.6         34
  Michigan .............   337,185    328,228     333,714    340,972    345,980     -2.7      1.7      2.2      1.5         49
  Ohio .................   371,228    365,791     369,354    375,740    384,049     -1.5      1.0      1.7      2.2         47
  Wisconsin ............   176,244    177,842     181,153    186,350    194,093      0.9      1.9      2.9      4.2         24
Plains .................   633,151    636,973     650,624    668,730    695,886      0.6      2.1      2.8      4.1     ......
  Iowa .................    90,815     90,306      93,227     95,569    103,297     -0.6      3.2      2.5      8.1          1
  Kansas ...............    83,427     84,696      85,765     86,814     89,896      1.5      1.3      1.2      3.5         35
  Minnesota ............   185,431    186,611     191,718    198,526    207,793      0.6      2.7      3.6      4.7         18
  Missouri .............   176,443    177,460     178,589    181,638    185,834      0.6      0.6      1.7      2.3         46
  Nebraska .............    55,727     56,158      57,599     60,672     61,216      0.8      2.6      5.3      0.9         50
  North Dakota .........    18,076     18,198      19,037     19,909     21,088      0.7      4.6      4.6      5.9          4
  South Dakota .........    23,230     23,544      24,691     25,609     26,774      1.4      4.9      3.7      4.6         20
Southeast .............. 2,116,572  2,151,297   2,194,566  2,265,174  2,358,882      1.6      2.0      3.2      4.1     ......
  Alabama ..............   114,204    115,235     118,205    122,675    126,875      0.9      2.6      3.8      3.4         37
  Arkansas .............    66,176     66,656      68,060     69,734     72,812      0.7      2.1      2.5      4.4         22
  Florida ..............   470,120    484,433     497,740    517,855    543,845      3.0      2.7      4.0      5.0         13
  Georgia ..............   291,014    292,880     294,780    302,966    314,325      0.6      0.6      2.8      3.7         32
  Kentucky .............   112,737    113,530     116,269    120,508    124,079      0.7      2.4      3.6      3.0         44
  Louisiana ............   134,755    132,355     130,596    130,733    133,289     -1.8     -1.3      0.1      2.0         48
  Mississippi ..........    64,133     63,736      65,222     66,646     68,857     -0.6      2.3      2.2      3.3         38
  North Carolina .......   274,306    279,893     286,943    295,897    307,601      2.0      2.5      3.1      4.0         29
  South Carolina .......   112,831    114,539     116,437    119,973    124,137      1.5      1.7      3.0      3.5         36
  Tennessee ............   174,349    175,936     183,168    191,186    199,547      0.9      4.1      4.4      4.4         23
  Virginia .............   260,257    270,072     274,458    283,922    299,402      3.8      1.6      3.4      5.5          7
  West Virginia ........    41,690     42,065      42,703     43,158     44,310      0.9      1.5      1.1      2.7         45
Southwest .............. 1,020,741  1,037,995   1,067,700  1,092,806  1,143,925      1.7      2.9      2.4      4.7     ......
  Arizona ..............   157,639    162,407     167,980    175,536    187,271      3.0      3.4      4.5      6.7          3
  New Mexico ...........    50,419     50,465      52,506     54,183     56,415      0.1      4.0      3.2      4.1         25
  Oklahoma .............    89,851     90,267      91,793     93,750     96,688      0.5      1.7      2.1      3.1         41
  Texas ................   722,832    734,864     755,448    769,410    803,734      1.7      2.8      1.8      4.5         21
Rocky Mountain .........   313,252    319,294     324,354    332,227    346,477      1.9      1.6      2.4      4.3     ......
  Colorado .............   171,363    174,187     174,682    178,327    185,169      1.6      0.3      2.1      3.8         30
  Idaho ................    35,206     36,182      37,413     38,849     40,802      2.8      3.4      3.8      5.0         12
  Montana ..............    21,367     21,838      22,621     23,493     24,654      2.2      3.6      3.9      4.9         15
  Utah .................    67,889     68,666      70,086     71,605     75,098      1.1      2.1      2.2      4.9         16
  Wyoming ..............    17,427     18,417      19,533     19,940     20,736      5.7      6.1      2.1      4.0         28
Far West ............... 1,767,955  1,762,658   1,808,954  1,869,683  1,963,101     -0.3      2.6      3.4      5.0     ......
  Alaska ...............    27,590     26,432      28,703     28,103     28,983     -4.2      8.6     -2.1      3.1         42
  California ........... 1,291,113  1,288,775   1,324,277  1,369,235  1,438,737     -0.2      2.8      3.4      5.1         11
  Hawaii ...............    40,176     40,532      41,398     42,964     45,370      0.9      2.1      3.8      5.6          6
  Nevada ...............    74,797     75,892      78,167     83,603     90,350      1.5      3.0      7.0      8.1          2
  Oregon ...............   112,964    110,925     112,943    116,113    121,411     -1.8      1.8      2.8      4.6         19
  Washington ...........   221,314    220,096     223,456    229,680    238,286     -0.6      1.5      2.8      3.7         33
* Prototype estimates


                           Table 2. Gross State Product in Current Dollars, 2001 - 2004
                                   Millions of dollars                     Percent of U.S. total
                           2001       2002       2003       2004*       2001     2002     2003     2004*
    United States ..... 10,058,156 10,412,244 10,923,849  11,649,827    100.0    100.0    100.0    100.0
New England ...........    584,487    596,017    620,136     664,181      5.8      5.7      5.7      5.7
  Connecticut .........    165,434    167,235    174,085     187,086      1.6      1.6      1.6      1.6
  Maine ............        37,094     39,027     40,829      43,279      0.4      0.4      0.4      0.4
  Massachusetts .......    283,422    287,191    297,113     317,684      2.8      2.8      2.7      2.7
  New Hampshire .......     44,394     46,106     48,202      52,097      0.4      0.4      0.4      0.4
  Rhode Island ........     35,489     37,040     39,363      41,921      0.4      0.4      0.4      0.4
  Vermont .............     18,656     19,419     20,544      22,114      0.2      0.2      0.2      0.2
Mideast ...............  1,868,057  1,922,516  2,010,011   2,140,662     18.6     18.5     18.4     18.4
  Delaware ............     45,049     46,991     50,486      54,500      0.4      0.5      0.5      0.5
  District of Columbia      63,223     67,176     70,668      75,264      0.6      0.6      0.6      0.6
  Maryland ............    192,425    202,840    213,073     226,513      1.9      1.9      2.0      1.9
  New Jersey ..........    362,336    377,824    394,040     415,891      3.6      3.6      3.6      3.6
  New York ............    797,145    802,866    838,035     899,660      7.9      7.7      7.7      7.7
  Pennsylvania ........    407,880    424,820    443,709     468,833      4.1      4.1      4.1      4.0
Great Lakes ...........  1,565,557  1,611,658  1,669,527   1,758,915     15.6     15.5     15.3     15.1
  Illinois ............    476,851    486,182    499,731     528,904      4.7      4.7      4.6      4.5
  Indiana .............    195,769    203,296    213,342     227,271      1.9      2.0      2.0      2.0
  Michigan ............    335,793    347,014    359,440     372,756      3.3      3.3      3.3      3.2
  Ohio ................    374,771    385,657    398,918     418,258      3.7      3.7      3.7      3.6
  Wisconsin ...........    182,373    189,508    198,096     211,727      1.8      1.8      1.8      1.8
Plains ................    653,388    680,449    714,007     763,082      6.5      6.5      6.5      6.6
  Iowa ................     92,891     97,810    102,400     114,269      0.9      0.9      0.9      1.0
  Kansas ..............     87,206     89,875     93,263      99,090      0.9      0.9      0.9      0.9
  Minnesota ...........    190,567    199,271    210,184     225,625      1.9      1.9      1.9      1.9
  Missouri ............    182,048    187,090    193,828     203,208      1.8      1.8      1.8      1.7
  Nebraska ............     57,771     60,571     65,399      67,891      0.6      0.6      0.6      0.6
  North Dakota ........     18,800     20,007     21,597      23,581      0.2      0.2      0.2      0.2
  South Dakota ........     24,104     25,826     27,337      29,419      0.2      0.2      0.3      0.3
Southeast .............  2,209,061  2,298,332  2,422,079   2,581,437     22.0     22.1     22.2     22.2
  Alabama .............    118,263    123,763    130,792     138,534      1.2      1.2      1.2      1.2
  Arkansas ............     68,574     71,221     74,540      80,056      0.7      0.7      0.7      0.7
  Florida .............    496,861    522,340    553,709     594,525      4.9      5.0      5.1      5.1
  Georgia .............    299,507    307,443    321,199     340,719      3.0      3.0      2.9      2.9
  Kentucky ............    116,545    121,633    128,315     135,412      1.2      1.2      1.2      1.2
  Louisiana ...........    137,567    134,360    144,321     151,993      1.4      1.3      1.3      1.3
  Mississippi .........     65,725     68,550     71,872      76,205      0.7      0.7      0.7      0.7
  North Carolina ......    287,281    301,254    315,456     335,398      2.9      2.9      2.9      2.9
  South Carolina ......    117,779    122,274    127,963     135,253      1.2      1.2      1.2      1.2
  Tennessee ...........    180,232    191,394    203,071     216,939      1.8      1.8      1.9      1.9
  Virginia ............    277,214    288,840    304,116     326,630      2.8      2.8      2.8      2.8
  West Virginia .......     43,512     45,259     46,726      49,774      0.4      0.4      0.4      0.4
Southwest .............  1,059,186  1,097,268  1,163,460   1,248,772     10.5     10.5     10.7     10.7
  Arizona .............    164,263    173,052    183,272     199,660      1.6      1.7      1.7      1.7
  New Mexico ..........     50,908     53,414     57,078      60,940      0.5      0.5      0.5      0.5
  Oklahoma ............     92,609     95,343    101,168     107,236      0.9      0.9      0.9      0.9
  Texas ...............    751,405    775,459    821,943     880,936      7.5      7.4      7.5      7.6
Rocky Mountain ........    326,361    337,408    353,292     377,666      3.2      3.2      3.2      3.2
  Colorado ............    177,526    181,246    188,397     199,953      1.8      1.7      1.7      1.7
  Idaho ...............     36,571     38,276     40,358      43,351      0.4      0.4      0.4      0.4
  Montana .............     22,636     23,913     25,584      27,701      0.2      0.2      0.2      0.2
  Utah ................     70,490     73,646     76,674      82,353      0.7      0.7      0.7      0.7
  Wyoming .............     19,138     20,326     22,279      24,308      0.2      0.2      0.2      0.2
Far West ..............  1,792,059  1,868,597  1,971,337   2,115,111     17.8     17.9     18.0     18.2
  Alaska ..............     27,358     29,741     31,704      33,876      0.3      0.3      0.3      0.3
  California ..........  1,307,880  1,363,577  1,438,134   1,543,835     13.0     13.1     13.2     13.3
  Hawaii ..............     41,720     43,806     46,671      50,134      0.4      0.4      0.4      0.4
  Nevada ..............     78,092     82,389     89,711      99,372      0.8      0.8      0.8      0.9
  Oregon ..............    111,352    115,113    119,973     128,126      1.1      1.1      1.1      1.1
  Washington ..........    225,656    233,971    245,143     259,768      2.2      2.2      2.2      2.2
* Prototype estimates
Source: U.S. Bureau of Economic Analysis


                                         Table 3. Contributions to Percent Change in Real Gross State Product, 2002 - 2003
                                                                                   Percentage points
                                Percent       ------------------------------------------------------------------------------------------------------------------------------------------------------
                                 change          Natural    Con-        Durable    Nondurable             Trans-      Infor-  Financial   Professional  Education  Leisure and  Other
                              in real gross     resources struction   goods manu-  goods manu-   Trade  portation     mation  activities  and business  and health hospitality services    Government
                                  state           and                  facturing    facturing          and utilities                        services    services
                                 product         mining

    United States ......          2.8            -0.03     -0.01          0.44        0.13        0.28     0.26         0.25     0.65         0.39         0.21       0.07       0.01         0.14
New England ............          2.6             0.02     -0.06          0.44        0.16        0.33     0.17         0.17     0.75         0.36         0.23       0.06       0.01        -0.04
  Connecticut ..........          2.5             0.01     -0.03          0.07        0.14        0.13     0.17         0.25     1.33         0.47         0.12       0.05       0.00        -0.19
  Maine ................          2.7             0.10      0.21          0.16        0.22        0.82     0.14         0.20     0.12         0.09         0.29       0.09       0.06         0.17
  Massachusetts ........          2.2             0.02     -0.21          0.66        0.18        0.29     0.13         0.07     0.59         0.21         0.26       0.05       0.00        -0.06
  New Hampshire ........          3.1             0.03     -0.03          0.86        0.06        0.58     0.35         0.15     0.08         0.37         0.33       0.10       0.01         0.25
  Rhode Island .........          4.3             0.01      0.45         -0.01        0.13        0.53     0.26         0.48     1.03         1.18         0.22       0.11       0.01        -0.05
  Vermont ..............          4.3             0.04      0.17          0.83        0.08        0.68     0.41         0.34     0.49         0.48         0.35       0.05       0.06         0.35
Mideast ................          2.9             0.00     -0.03          0.17        0.22        0.35     0.27         0.31     0.81         0.38         0.25       0.06       0.03         0.05
  Delaware .............          5.4             0.08     -0.01          0.30        1.37        0.53     0.06         0.11     2.38         0.32         0.22       0.02       0.04        -0.02
  District of Columbia..          2.5            -0.01      0.03          0.01       -0.01        0.14     0.13         0.51     0.87         0.65         0.07       0.10      -0.01         0.00
  Maryland .............          3.0             0.05      0.07          0.18        0.05        0.29     0.24         0.17     0.90         0.73         0.26       0.11       0.05        -0.05
  New Jersey ...........          2.4            -0.01     -0.10          0.23        0.36        0.33     0.36         0.09     0.48         0.14         0.18       0.09       0.04         0.22
  New York .............          3.1             0.00     -0.03          0.16        0.13        0.31     0.22         0.45     1.06         0.39         0.30       0.06       0.03         0.00
  Pennsylvania .........          2.6             0.00     -0.01          0.15        0.25        0.48     0.33         0.31     0.40         0.39         0.22       0.03       0.04         0.06
Great Lakes ............          1.9             0.05     -0.10          0.59        0.14        0.12     0.24         0.17     0.19         0.34         0.16       0.03      -0.01        -0.01
  Illinois .............          0.9             0.04     -0.07          0.18        0.01        0.00     0.15         0.18     0.19         0.25         0.13       0.03       0.00        -0.16
  Indiana ..............          3.2             0.25     -0.01          0.92        0.23        0.36     0.27         0.18     0.41         0.27         0.17       0.07       0.01         0.09
  Michigan .............          2.2            -0.03     -0.22          0.99        0.23        0.15     0.36         0.18    -0.10         0.48         0.16       0.01      -0.03         0.01
  Ohio .................          1.7             0.03     -0.11          0.53        0.16        0.13     0.21         0.15     0.11         0.31         0.16       0.01      -0.03         0.07
  Wisconsin ............          2.9             0.01      0.01          0.70        0.18        0.07     0.26         0.21     0.61         0.41         0.25       0.06       0.00         0.11
Plains .................          2.8             0.33      0.00          0.41        0.06        0.26     0.21         0.26     0.63         0.23         0.20       0.04       0.01         0.11
  Iowa .................          2.5            -0.61      0.06          0.57        0.34        0.07     0.33         0.24     1.11         0.32         0.10       0.02      -0.01        -0.02
  Kansas ...............          1.2             0.27     -0.07         -0.56        0.01        0.07     0.27         0.64     0.06         0.11         0.10       0.02       0.02         0.28
  Minnesota ............          3.6             0.02      0.01          0.83        0.05        0.42     0.31         0.09     1.24         0.24         0.31       0.08       0.00        -0.05
  Missouri .............          1.7             0.27     -0.08          0.35       -0.14        0.20     0.02         0.23     0.34         0.27         0.11       0.01       0.01         0.11
  Nebraska .............          5.3             2.43      0.11          0.23        0.30        0.30     0.22         0.35     0.40         0.18         0.33       0.07       0.10         0.31
  North Dakota .........          4.6             0.93      0.22          0.44        0.11        0.83     0.34         0.38     0.04         0.41         0.26       0.06       0.06         0.52
  South Dakota .........          3.7             1.58      0.13          0.88        0.13        0.42     0.13         0.23    -0.64         0.07         0.43       0.06      -0.03         0.32
Southeast ..............          3.2             0.00      0.04          0.26        0.14        0.39     0.31         0.24     0.63         0.49         0.21       0.10       0.03         0.38
  Alabama ..............          3.8             0.25      0.00          0.46        0.14        0.41     0.47        -0.01     0.42         0.72         0.07       0.07       0.00         0.79
  Arkansas .............          2.5             0.27     -0.37          0.27        0.21        0.39     0.31         0.37     0.15         0.44         0.24       0.03       0.00         0.15
  Florida ..............          4.0            -0.12      0.23          0.21        0.06        0.50     0.37         0.30     1.14         0.60         0.28       0.15       0.05         0.27
  Georgia ..............          2.8             0.26      0.02          0.09        0.17        0.02     0.27         0.32     0.61         0.32         0.16       0.04       0.02         0.47
  Kentucky .............          3.6             0.00      0.05          0.62        0.42        0.26     0.40         0.11     0.23         0.40         0.22       0.03       0.04         0.87
  Louisiana ............          0.1            -0.82     -0.05          0.00       -0.10        0.15     0.01         0.08     0.14         0.25         0.13       0.08       0.02         0.22
  Mississippi ..........          2.2             0.58     -0.28          0.18        0.03        0.38     0.35         0.02    -0.01         0.31         0.26       0.01       0.03         0.33
  North Carolina .......          3.1             0.04     -0.09          0.21        0.25        0.55     0.32         0.22     0.43         0.41         0.18       0.09       0.00         0.51
  South Carolina .......          3.0             0.24      0.07          0.43        0.28        0.48     0.36         0.18     0.17         0.43         0.16       0.13       0.01         0.09
  Tennessee ............          4.4             0.04      0.10          0.53        0.24        0.68     0.28         0.20     0.72         0.25         0.36       0.17       0.02         0.79
  Virginia .............          3.4             0.08      0.07          0.27        0.05        0.37     0.23         0.38     0.91         0.85         0.12       0.09       0.04         0.00
  West Virginia ........          1.1            -0.21     -0.24         -0.10       -0.01        0.19     0.52         0.26    -0.07         0.30         0.16       0.12       0.01         0.14
Southwest ..............          2.4            -0.30     -0.04          0.60        0.00        0.15     0.30         0.15     0.54         0.39         0.25       0.04      -0.01         0.28
  Arizona ..............          4.5            -0.23      0.09          1.05        0.10        0.49     0.43         0.15     0.93         0.62         0.50       0.06       0.00         0.31
  New Mexico ...........          3.2            -0.22      0.12          1.59       -0.03        0.11     0.37         0.14    -0.09         0.48         0.34       0.03       0.03         0.35
  Oklahoma .............          2.1             0.40      0.00          0.31        0.13        0.11     0.22         0.16     0.27         0.39         0.16      -0.03      -0.02         0.02
  Texas ................          1.8            -0.41     -0.08          0.47       -0.03        0.08     0.28         0.15     0.53         0.34         0.19       0.04      -0.01         0.30
Rocky Mountain .........          2.4             0.10     -0.18          0.50        0.09        0.18     0.20         0.27     0.58         0.38         0.17      -0.04      -0.01         0.20
  Colorado .............          2.1             0.28     -0.35          0.38        0.09       -0.05     0.20         0.34     0.58         0.32         0.12      -0.02      -0.03         0.22
  Idaho ................          3.8            -0.42     -0.04          1.90        0.07        0.67     0.08         0.20     0.57         0.51         0.24      -0.01       0.00         0.07
  Montana ..............          3.9            -0.03      0.43         -0.08        0.05        0.49     0.43         0.22     0.74         0.54         0.23       0.18       0.04         0.62
  Utah .................          2.2             0.02     -0.09          0.34        0.20        0.35     0.00         0.18     0.68         0.43         0.22      -0.22       0.00         0.04
  Wyoming ..............          2.1             0.02     -0.08          0.17       -0.18        0.30     0.83         0.14     0.03         0.20         0.24       0.11      -0.01         0.32
Far West ...............          3.4            -0.19      0.07          0.66        0.12        0.29     0.22         0.35     0.98         0.42         0.23       0.13       0.01         0.05
  Alaska ...............         -2.1            -5.17      0.31          0.05        0.10        0.30     0.22         0.11     0.77         0.17         0.48       0.15      -0.02         0.43
  California ...........          3.4            -0.15      0.06          0.78        0.19        0.25     0.21         0.37     1.01         0.34         0.23       0.12       0.01         0.00
  Hawaii ...............          3.8            -0.07      0.28          0.03       -0.03        0.77     0.15         0.07     0.85         0.67         0.30       0.40       0.06         0.31
  Nevada ...............          7.0             0.10      0.68          0.28        0.07        0.75     0.85         0.11     1.58         1.27         0.30       0.54       0.05         0.39
  Oregon ...............          2.8             0.05     -0.21          1.70        0.12        0.19     0.18         0.22     0.35         0.24         0.21       0.03       0.01        -0.29
  Washington ...........          2.8            -0.02     -0.02         -0.23       -0.21        0.37     0.13         0.50     0.98         0.72         0.17       0.08      -0.01         0.31
Source: U.S. Bureau of Economic Analysis


               Table 4. Revisions to Gross State Product Growth Rates
                         Real chained (2000) dollars                Current dollars
                                1998-2002*                               2003
                       ------------------------------ ------------------------------------------------
                       Previously  Revised Difference Previously  Rank     Revised   Rank   Difference
                       published          (percentage published                            (percentage
                                             points)                                          points)
    United States .....     2.7      2.7      0.0      4.8       ......      4.9   ......        0.1
New England ...........     3.1      2.9     -0.2      4.0       ......      4.0   ......        0.0
  Connecticut .........     1.7      1.5     -0.2      4.0           42      4.1       42        0.1
  Maine ............        2.8      2.5     -0.3      4.9           27      4.6       33       -0.3
  Massachusetts .......     3.8      3.6     -0.2      3.2           49      3.5       47        0.3
  New Hampshire .......     3.4      3.0     -0.4      5.6           16      4.5       34       -1.1
  Rhode Island ........     3.1      3.1      0.0      7.0            6      6.3       11       -0.7
  Vermont ............      3.8      3.8      0.0      5.4           19      5.8       18        0.4
Mideast ............        2.6      2.6      0.0      4.4       ......      4.6   ......        0.2
  Delaware ............     3.4      3.4      0.0      4.2           40      7.4        5        3.2
  District of Columbia      3.2      3.2      0.0      4.9       ......      5.2   ......        0.3
  Maryland ............     3.3      3.4      0.1      5.2           22      5.0       25       -0.2
  New Jersey ..........     2.9      2.8     -0.1      4.6           35      4.3       39       -0.3
  New York ............     2.5      2.7      0.2      3.7           48      4.4       38        0.7
  Pennsylvania ........     1.9      1.8     -0.1      4.9           30      4.4       37       -0.5
Great Lakes ...........     1.2      1.1     -0.1      3.7       ......      3.6   ......       -0.1
  Illinois ...........      1.4      1.4      0.0      2.7           50      2.8       50        0.1
  Indiana ............      1.4      1.3     -0.1      4.5           37      4.9       26        0.4
  Michigan ............     1.1      0.9     -0.2      4.0           43      3.6       46       -0.4
  Ohio ...............      0.6      0.5     -0.1      3.8           46      3.4       48       -0.4
  Wisconsin ...........     2.2      2.1     -0.1      4.9           28      4.5       35       -0.4
Plains ............         2.0      2.0      0.0      5.1       ......      4.9   ......       -0.2
  Iowa ..............       1.8      1.9      0.1      4.9           29      4.7       30       -0.2
  Kansas ..............     1.8      1.9      0.1      4.3           39      3.8       44       -0.5
  Minnesota ...........     2.9      2.7     -0.2      5.4           20      5.5       21        0.1
  Missouri ............     1.4      1.2     -0.2      3.8           47      3.6       45       -0.2
  Nebraska ............     1.9      1.7     -0.2      7.9            4      8.0        3        0.1
  North Dakota ........     1.3      1.3      0.0      8.0            3      8.0        4        0.0
  South Dakota ........     3.3      4.0      0.7      6.3            9      5.8       17       -0.5
Southeast ............      2.5      2.4     -0.1      5.2       ......      5.4   ......        0.2
  Alabama .............     1.8      1.8      0.0      5.2           21      5.7       19        0.5
  Arkansas ............     1.7      1.6     -0.1      5.0           26      4.7       31       -0.3
  Florida .............     3.4      3.5      0.1      5.7           14      6.0       14        0.3
  Georgia .............     2.6      2.6      0.0      4.6           33      4.5       36       -0.1
  Kentucky ............     0.4      0.4      0.0      5.5           18      5.5       20        0.0
  Louisiana ...........    -0.8     -1.0     -0.2      6.5            8      7.4        6        0.9
  Mississippi .........     0.8      0.8      0.0      4.6           34      4.8       27        0.2
  North Carolina ......     3.5      3.4     -0.1      4.7           32      4.7       29        0.0
  South Carolina ......     2.1      2.0     -0.1      4.0           41      4.7       32        0.7
  Tennessee ...........     1.9      2.2      0.3      5.1           25      6.1       13        1.0
  Virginia ............     4.0      3.7     -0.3      5.9           11      5.3       24       -0.6
  West Virginia .......     0.7      1.0      0.3      3.8           45      3.2       49       -0.6
Southwest ............      3.4      3.4      0.0      5.3       ......      6.0   ......        0.7
  Arizona ............      4.8      5.0      0.2      6.1           10      5.9       16       -0.2
  New Mexico ..........     3.4      3.4      0.0      5.6           15      6.9        8        1.3
  Oklahoma ............     2.0      2.0      0.0      5.5           17      6.1       12        0.6
  Texas ..........          3.2      3.3      0.1      5.1           24      6.0       15        0.9
Rocky Mountain ........     3.9      3.9      0.0      4.8       ......      4.7   ......       -0.1
  Colorado ............     4.2      4.2      0.0      4.3           38      3.9       43       -0.4
  Idaho ...........         5.8      5.6     -0.2      4.8           31      5.4       23        0.6
  Montana .............     2.1      2.4      0.3      7.3            5      7.0        7       -0.3
  Utah ..........           2.6      2.7      0.1      3.8           44      4.1       41        0.3
  Wyoming ...........       4.4      4.7      0.3      9.8            1      9.6        1       -0.2
Far West ..........         4.0      4.0      0.0      5.7       ......      5.5   ......       -0.2
  Alaska ...........        2.2      1.7     -0.5      5.7           13      6.6        9        0.9
  California ..........     4.5      4.5      0.0      5.7           12      5.5       22       -0.2
  Hawaii .............      1.4      1.1     -0.3      7.0            7      6.5       10       -0.5
  Nevada .............      3.5      3.8      0.3      8.1            2      8.9        2        0.8
  Oregon .............      2.9      2.8     -0.1      4.5           36      4.2       40       -0.3
  Washington ..........     2.4      2.4      0.0      5.1           23      4.8       28       -0.3

Mean                        2.5      2.5      0.0      5.2       ......      5.3   ......        0.1
Mean(absolute value)        2.5      2.5      0.1      5.2       ......      5.3   ......        0.5
* Average annual growth rate
Source: U.S. Bureau of Economic Analysis