Economy
October 30, 2020
BEA: Regional GDP Growth Through Q2 2020
Written by Peter Wright
In most regions in Q2 2020, gross domestic product, as reported by the states, declined by more than the nationally reported number.
The Bureau of Economic Analysis (BEA) reports GDP by state and region on a quarterly basis. This data is released several weeks after the national report, but the BEA has committed to getting it out quicker in future. The latest data was updated through Q2 2020. Even though this might be considered historically “old,” we think it’s worth reporting because it’s the foundation for where we are now and shows how badly the pandemic hit the various regions. The data is reported in chained 2012 dollars seasonally adjusted.
