New data shows GDP increased in Idaho, most other states

June 6, 2013 

Real gross domestic product increased in 49 states and the District of Columbia in 2012, according to statistics released Thursday by the U.S. Bureau of Economic Analysis.

In Idaho, GDP growth was 0.4 percent, the bureau reported. That’s higher than Wyoming’s 0.2 percent but lower than other surrounding states: 2.1 percent in Montana, 3.4 percent in Utah, 3.6 percent in Washington and 3.9 percent in Oregon.

The only state that saw a decrease in gross domestic product was Connecticut at -0.1 percent.

On a per capita basis, Idaho's real GDP in 2012 was $31,945. The highest per capita GDP was $61,183 in Delaware, and the lowest was $28,944 in Mississippi, the bureau reports. The nationwide per capita real GDP was $42,784.

Idaho's per capital gross domestic product is 31,945.

Durable–goods manufacturing, finance and insurance, and wholesale trade were the leading contributors to real U.S. economic growth, according to a bureau news release. Nationwide, GDP by state grew 2.5 percent in 2012 – substantially higher than the 1.6 percent increase in 2011.

Real GDP increased in all eight BEA regions in 2012, with growth accelerating in every region exc ept the Great Lakes. The Southwest region grew the fastest (4.1 percent), led by Texas with a 4.8 percent increase. Real GDP 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.

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