The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2017 on May 11, 2017.
Usgovernmentspending.com has updated its individual state GSPs for 2016 and projected nominal and real GSP through 2023 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2019 Budget and the historical GDP data series from the BEA as a baseline.
As before we have projected individual state GSPs out to 2023 by applying a factor to reflect each state's deviation from the national growth rate. (E.g. In 2014 the national real GDP expanded by 2.4 percent. But North Dakota grew by 6.3 percent, a deviation of nearly 4 percent. The deviation is reduced by 40 percent for each year after 2014, making the assumption that each state will slowly revert to the national norm.)
Click here to view a complete list of US states and their 2017 GSP growth rates.
Usgovernmentspending.com has updated its individual state GSPs for 2016 and projected nominal and real GSP through 2023 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2019 Budget and the historical GDP data series from the BEA as a baseline.
As before we have projected individual state GSPs out to 2023 by applying a factor to reflect each state's deviation from the national growth rate. (E.g. In 2014 the national real GDP expanded by 2.4 percent. But North Dakota grew by 6.3 percent, a deviation of nearly 4 percent. The deviation is reduced by 40 percent for each year after 2014, making the assumption that each state will slowly revert to the national norm.)
Click here to view a complete list of US states and their 2017 GSP growth rates.
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