May 12, 201706:10 PMBlog

Washington's real GDP among fastest growing in 2016 4Q

May 12, 2017 - 06:10 PM

Washington’s real gross domestic product — GDP adjusted for inflation — increased by 3.1 percent in the fourth quarter of 2016, according to statistics released by the U.S. Bureau of Economic Analysis.

That growth rate is third in the country, trailing only Texas (3.4 percent) and Utah (3.2) percent and tied with Florida.

Predictably, information services was the largest contributor to the state’s growth, with retail trade also driving Washington’s fourth quarter climb.

Real GDP grew in the fourth quarter in every state in the country — though some states saw higher jumps than others. Mississippi, Kansas, and Wyoming which grew 0.1 percent, 0.1 percent, and 0.2 percent, respectively.

            

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