The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate in each US region as of the fourth quarter of 2018 and the growth rate from one year prior. Every single region's economy grew both over the past quarter and the past year.
- The difference between the region with the largest annualized quarterly growth rate, the South, and the region with the smallest, the Northeast, is 1.2 percentage points.
- The difference between the region with the largest year-over-year growth rate, the South, and the region with the smallest, the Northeast, is 1.25 percentage points.
- All four regions saw their GDP rise slower in the previous quarter than they did over the same quarter last year.
- Data is from the fourth quarter of 2018.
- The data is seasonally adjusted in current dollars.
- Growth rates may differ from those provided by the Bureau of Economic Analysis as the BEA's growth rates are based on chained dollars in conjunction with the chain index or the quality index for real GDP.
- All figures are rounded to the nearest hundredth.
- The Southern US consists of Texas, Florida, Georgia, North Carolina, Virginia, Tennessee, Louisiana, South Carolina, Alabama, Kentucky, Oklahoma, Arkansas, Mississippi, and West Virginia.
- The Western US consists of California, Washington, Colorado, Arizona, Oregon, Utah, Nevada, New Mexico, Hawaii, Idaho, Alaska, Montana, and Wyoming.
- The Midwestern US consists of Illinois, Ohio, Michigan, Indiana, Minnesota, Wisconsin, Missouri, Iowa, Kansas, Nebraska, North Dakota, and South Dakota.
- The Northeastern US consists of New York, Pennsylvania, New Jersey, Massachusetts, Maryland, Connecticut, New Hampshire, Delaware, Maine, Rhode Island, and Vermont.
The Northeast had the smallest increase over the previous quarter with an annualized growth rate of 3.32%. The South had the largest growth with an annualized gain of 4.52%.
Year over year, the Northeast had the smallest growth with a 4.59% rise in GDP while the South had the largest growth with a 5.84% rise in GDP.
The South saw the largest decrease in its growth rate between its year-over-year growth and its annualized quarterly growth slowing its rate by 1.32 percentage points. The West had the smallest decrease in its growth rate between its year-over-year growth and its annualized quarterly growth slowing its rate by 1.13 percentage points.
No region overcame another region in the quarter or over the past year. The Northeast had the smallest range in annualized quarterly growth rates with a low of 2.20% in New York to a high of 4.32% in New Jersey. Conversely, the South had the greatest range in annualized quarterly growth rates with a low of 0.24% in West Virginia to a high of 5.64% in Texas. Year-over-year, the Midwest had the smallest range in growth rates with a low of 3.96% in Nebraska to a high of 6.52 in North Dakota. The West on the other hand, had the greatest range of rates on a year-over-year basis with a low of 3.78% in Hawaii to a high of 7.79% in Washington.
US Bureau of Economic Analysis. 2019. "GDP by State." Accessed May 22, 2019. https://www.bea.gov/data/gdp/gdp-state.