Economy
June 14, 2016
US Gross Domestic Product by Region and by State
Written by Peter Wright
The Bureau of Economic Analysis (BEA) introduced a new data set for GDP by state and region last year and back dated it to Q1 2005. On Tuesday this week the data was updated through Q4 2015. Even though we might consider this to be historically “old” we think it’s worth reporting because it is a foundation for where we are now. The data is published quarterly and is reported in chained 2009 dollars seasonally adjusted.
We at SMU plan to analyze the data and report to our subscribers quarterly by region. Should anyone wish to see data and graphs for an individual state, we will supply on a one off basis. Table 1 shows the growth of regional GDP in chained 2009 dollars quarter on quarter (These numbers are not annualized as is the case for published reports of the growth of national GDP).
