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Texas Had the Fastest Growth in the Second Quarter

Economic growth (real gross domestic product (GDP)) increased in all 50 states and the District…

  • November 25, 2019

Economic growth (real gross domestic product (GDP)) increased in all 50 states and the District of Columbia in the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis. However, Texas had the biggest gains of all the states.

The percent change in real GDP in the second quarter ranged from a whopping 4.7 percent in Texas to just 0.5 percent in Hawaii.

Professional, scientific, and technical services; government; real estate and rental and leasing; and mining were the leading contributors to the increase in real GDP nationally.

Mining increased 23.5 percent for the nation and was the leading contributor to the increases in Texas, Wyoming, Alaska, and New Mexico—the fastest growing states.

Other Highlights

  • Professional, scientific, and technical services increased 7.4 percent for the nation and contributed to growth in all 50 states and the District of Columbia.
  • Government increased 3.1 percent for the nation and contributed to growth in all 50 states and the District of Columbia.
  • Real estate and rental and leasing increased 2.6 percent for the nation and contributed to growth in 49 states and the District of Columbia.
  • Wholesale trade decreased 6.7 percent for the nation, subtracting from growth in all 50 states and the District of Columbia. Wholesale trade was the leading contributor to slow growth in Hawaii, Maine, and New Jersey – the slowest growing states.