Gross Domestic Product by State, 3rd Quarter 2021

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Gross Domestic Product by State, 3rd Quarter 2021

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021, as real GDP for the nation increased at an annual rate of 2.3 percent, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The percent change in real GDP in the third quarter ranged from 6.0 percent in Hawaii to –3.3 percent in New Hampshire and North Dakota (table 1).

Real GDP increased in 13 of the 21 industry groups for which BEA prepares quarterly state estimates (table 2). Professional, scientific, and technical services; finance and insurance; and government and government enterprises were the leading contributors to the increase in real GDP nationally.

Other highlights

  • Professional, scientific, and technical services increased 12.3 percent nationally and contributed to the increases in 49 states and the District of Columbia. This industry was the leading contributor to the increase in 18 states.
  • Finance and insurance increased 7.8 percent nationally and contributed to the increases in all 50 states and the District of Columbia. This industry was the leading contributor to the increase in 13 states.
  • Government and government enterprises increased 5.1 percent nationally and contributed to the increases in 47 states and the District of Columbia, primarily due to increases in state and local government.
  • Accommodation and food services was the leading contributor to the increase in Hawaii, the state with the largest increase.
  • Agriculture, forestry, fishing and hunting was the leading contributor to the decrease in North Dakota, while government and government enterprises, primarily military, was the leading contributor to the decrease in New Hampshire. These were the two states with the largest decreases.

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