Useful Stats: GDP by State, Per Capita 2003-2006

The Bureau of Economic Analysis (BEA) has published its latest update on the real gross domestic product (GDP) growth of each state. The update includes advance estimates for 2006 data, as well as revisions to data from 2003-2005.

 

SSTI has prepared a table showing every state’s real GDP per capita from 2003 to 2006. Besides these values, the table also includes:

• Ranking for 2006 state GDP per capita
• Comparison of 2006 GDP per capita to the national average
• Four-year percent change in state GDP per capita
• Ranking of percent change

With a per capita real GDP of $59,288, Delaware ranked first among the states in 2006, with a value 57 percent higher than the country’s average. Connecticut, Massachusetts, New York, and New Jersey rounded out the top five.

 

Over the period from 2003 to 2006, Idaho witnessed the largest per capita GDP growth from $26,673 to $30,896 – a rise of 15.8 percent. Oregon, ranked second, had a 13.6 percent increase. This was followed by Louisiana, New Mexico, Hawaii, New York, and then California. Michigan was the only state to have a decrease in per capita GDP over this period, falling by 1.2 percent from 2003 to 2006.

 

SSTI's table is available at: http://www.ssti.org/Digest/Tables/062007t.htm



The BEA update, which includes all data and explains how the GDP by state is calculated, can be found at: http://www.bea.gov/newsreleases/regional/gdp_state/2007/pdf/gsp0607.pdf