GDP growth by state as COVID recovery takes hold – .

GDP growth by state as COVID recovery takes hold – .

The US economy grew 6.4% on an annualized basis in the first quarter, the Commerce Department said last month, as US businesses reopened and people returned to work after being largely blocked throughout 2020.

But as with all economic data, the national headline number masks many local discrepancies. The chart above, from the Bureau of Economic Analysis, released in late June, shows how much growth varies between different states.

Nevada, heavily reliant on domestic tourist traffic, saw the largest increase in growth of any state in the first quarter as Americans began to get vaccinated and return to casinos. The “accommodation and food services” category of GDP was the largest contributor to the state’s growth, BEA noted, and grew 16.9% nationally.

Durable goods manufacturing jumped 15.6% nationally and was the main contributor to growth in Utah, the state with the second-largest increase.

Manufacturing of non-durable goods fell 4.2% nationally, BEA said. This industry moderated real GDP increases in 36 states, including Texas, the state with the smallest increase.

The BEA has more details on GDP by state and by industry here.

Read more : In one graph, how US and local state revenues were crushed by the pandemic – and clawed back


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