Bureau of Economic Analysis > New Release GDP Q12016

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Wednesday, July 27, 2016

BEA 16—39

Gross Domestic Product by State: First Quarter 2016

Construction Led Growth Across States in the First QuarterReal gross domestic product (GDP) increased in 37 states and the District of Columbia in the first quarter of 2016, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Real GDP by state growth, at an annual rate, ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota. Construction; health care and social assistance; and retail trade were the leading contributors to U.S. economic growth in the first quarter.

Construction grew 9.0 percent in the first quarter of 2016—the eighth consecutive quarter of growth for this industry. This industry contributed to growth in 47 states and the District of Columbia and 1.1 percentage points to the 1.7 percent growth in real GDP in Hawaii.

Health care and social assistance grew 3.8 percent in the first quarter. This industry contributed to growth in every state and the District of Columbia.

Retail trade grew 4.8 percent in the first quarter. This industry contributed to growth in 47 states and the District of Columbia and 0.59 percentage point to the 3.9 percent growth in Washington.

Other highlights

• Although agriculture, forestry, fishing, and hunting was not a significant contributor to real GDP growth for the nation, it had an important impact on economic growth in several states. This industry contributed 2.21 percentage points to the 3.9 percent growth in Arkansas—the fastest growing state in the first quarter. By contrast, this industry subtracted more than 3.4 percentage points from real GDP growth in Iowa, North Dakota, and South Dakota, which declined 2.6 percent, 11.4 percent, and 2.8 percent, respectively.
• Mining declined 11.1 percent for the nation in the first quarter. This industry subtracted 1.82 percentage points from real GDP growth in Wyoming, which declined 4.9 percent, and more than 2.0 percentage points from Alaska, North Dakota, and West Virginia, which declined 1.0 percent, 11.4 percent, and 2.5 percent, respectively.
• Transportation and warehousing declined 8.8 percent for the nation in the first quarter. This industry subtracted from real GDP growth in all states and the District of Columbia. This industry subtracted 1.06 percentage points from real GDP growth in Wyoming and 1.63 percentage points in North Dakota.

Upcoming Revision of the Gross Domestic Product by State Accounts. Revised statistics of gross domestic product by state, covering the first quarter of 2013 through the first quarter of 2016, will be released along with the second quarter of 2016 on December 7. These revisions will be consistent with the results of the annual revision of the national income and product accounts, which will be released on July 29, and the annual revision of the industry economic accounts, which will be released on November 3.

Next release — December 7, 2016 at 8:30 A.M. EST for: Gross Domestic Product by State: Second Quarter 2016 and Revised Gross Domestic Product by State

The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm