The 2020 Mid-Year Economic Update_long

Real GDP Increased in 43 States in 1Q

Overall growth in real GDP slowed in the first quarter from the fourth quarter of 2016.

Real gross domestic product for the U.S. increased in 43 states and the District of Columbia in the first quarter of 2017, according to statistics on the geographic breakout of GDP by the U.S. Bureau of Economic Analysis.

Real GDP by state growth in the first quarter ranged from 3.9 percent in Texas to -4 percent in Nebraska. Real estate and rental and leasing (+2.7 percent), mining (+21.6 percent) and durable-goods manufacturing (+4.4 percent) were the leading contributors to the increase in U.S. economic growth in the first quarter. Overall growth in real GDP slowed in the first quarter from the fourth quarter of 2016, with finance and insurance (-2.1 percent), retail trade (-3.6 percent), and agriculture, forestry, fishing, and hunting (-39.8 percent) leading the deceleration in real GDP.

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