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Released

EMBARGOED UNTIL RELEASE AT 10:00 A.M. EST

Wednesday, December 23, 2020

BEA 20—69

Gross Domestic Product by State, 3rd Quarter 2020

Increases in All States and the District of Columbia in the Third Quarter

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2020, as real GDP for the nation increased at an annual rate of 33.4 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the third quarter ranged from 52.2 percent in Nevada to 19.2 percent in the District of Columbia (table 1).

Healthcare and social assistance; durable goods manufacturing; and accommodation and food services were the leading contributors to the increase in real GDP nationally (table 2). Accommodation and food services was the leading contributor to the increase in Nevada.

COVID-19 Impact on the Third-Quarter 2020 GDP by State Estimates

The increase in third quarter GDP reflected continued efforts to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the third quarter of 2020 because the impacts are generally embedded in source data and cannot be separately identified.

Other highlights

• Healthcare and social assistance increased 75.1 percent nationally and contributed to the increases in all 50 states and the District of Columbia. This industry was the leading contributor to the increases in 26 states, including Tennessee and Idaho, the states with the second and fourth largest increases.
• Durable goods manufacturing increased 80.3 percent nationally and contributed to the increases in all 50 states and the District of Columbia. This industry was the leading contributor to the increases in 16 states, including Michigan, the state with the third largest increase.
• Accommodation and food services increased 344.5 percent nationally and contributed to the increases in all 50 states and the District of Columbia. This industry was the leading contributor to the increases in five states.
• Mining, quarrying, and oil and gas decreased 14.4 percent nationally. This industry moderated increases in real GDP in 49 states. This industry was the leading offset to the increase in Wyoming, the state with the smallest increase in real GDP.

Next release: March 26, 2021 at 10:00 A.M. EDT
Gross Domestic Product by State, 4th Quarter and Year 2020 (Preliminary)