Special Report

Fastest Shrinking Local Economies in Every State

tacojim / Getty Images

Over the nearly 10 years since the end of the Great Recession, economic news has been largely positive. Economic growth is heavily influenced by job growth, and the U.S. economy has added jobs for the last 100 consecutive months. The unemployment rate, too, has declined to levels not seen since the 1960s.

A rising tide does not necessarily raise all ships, however. While nationwide economic growth should come as welcome news to every American, many are not benefitting at the local level. In every state, there are counties that have reported slower economic growth or even shrinking GDPs.

24/7 Wall St. reviewed GDP growth from 2012 to 2015 by county and county equivalents to identify the fastest shrinking local economy in every state. Massachusetts and Hawaii are the only states in which no county reported falling GDP over that period — but even in those states, there are counties that reported slower growth than the comparable 7.3% national three-year increase. Meanwhile, states like North Dakota and Nebraska have counties that reported a more than 50% GDP decline.

Economic growth is most commonly driven by increased worker productivity or a growing population — or some combination of the two. In many of the counties on this list, a shrinking population undermined GDP growth as the majority of these counties had smaller populations in 2015 than they did in 2012.

A shrinking local economy can have real implications for area residents. In 18 of the counties on this list, median household income fell between 2012 and 2015.

Methodology

To identify the fastest shrinking local economy in every state, 24/7 Wall St. calculated the change in real GDP from 2012 to 2015 with data from the Bureau of Economic Analysis. We used Bureau of Labor Statistics employment data for the same period to identify the fastest shrinking industry in each county. Annual unemployment rates also came from the BLS. Population data, including that used to calculate population changes, are five-year estimates from the U.S. Census Bureau’s American Community Survey.

Click here to see the fastest shrinking local economies in every state.

Source: Wmwhite88 / Wikimedia Commons

1. Alabama: Lawrence County
> GDP change 2012-2015: -34.5% (county) +1.2% (state)
> 2015 county GDP: $477.1 million (0.3% of state GDP)
> Fastest shrinking industry: Construction (1.7% employment decline)
> 2017 unemployment: 4.9% (county) 4.4% (state)
> Population: 33,288 (0.7% of state)

See all stories featuring: Alabama

[in-text-ad]

Source: ilya_ktsn / Flickr

2. Alaska: Yukon-Koyukuk Census Area
> GDP change 2012-2015: -29.5% (census area) -7.1% (state)
> 2015 county GDP: $223.0 million (0.4% of state GDP)
> Fastest shrinking industry: Professional, scientific, and management, and administrative and waste management services (1.3% employment decline)
> 2017 unemployment: 18.3% (census area) 7.2% (state)
> Population: 5,453 (0.7% of state)

See all stories featuring: Alaska

Source: Oralleff / Getty Images

3. Arizona: Apache County
> GDP change 2012-2015: -18.2% (county) +4.2% (state)
> 2015 county GDP: $2.1 billion (0.7% of state GDP)
> Fastest shrinking industry: Construction (2.2% employment decline)
> 2017 unemployment: 10.4% (county) 4.9% (state)
> Population: 71,602 (1.1% of state)

See all stories featuring: Arizona

Source: BOB WESTON / Getty Images

4. Arkansas: Little River County
> GDP change 2012-2015: -31.6% (county) +4.0% (state)
> 2015 county GDP: $341.1 million (0.3% of state GDP)
> Fastest shrinking industry: Other services, except public administration (3.4% employment decline)
> 2017 unemployment: 4.8% (county) 3.7% (state)
> Population: 12,494 (0.4% of state)

See all stories featuring: Arkansas

[in-text-ad-2]

Source: kenlund / Flickr

5. California: Trinity County
> GDP change 2012-2015: -11.4% (county) +13.1% (state)
> 2015 county GDP: $242.0 million (0.0% of state GDP)
> Fastest shrinking industry: Retail trade (4.2% employment decline)
> 2017 unemployment: 6.0% (county) 4.8% (state)
> Population: 13,037 (0.0% of state)

See all stories featuring: California

Source: JeffGoulden / Getty Images

6. Colorado: San Juan County
> GDP change 2012-2015: -40.5% (county) +12.5% (state)
> 2015 county GDP: $21.5 million (0.0% of state GDP)
> Fastest shrinking industry: Arts, entertainment, and recreation, and accommodation and food services (12.8% employment decline)
> 2017 unemployment: 2.2% (county) 2.8% (state)
> Population: 569 (0.0% of state)

See all stories featuring: Colorado

[in-text-ad]

Source: brandtbolding / Getty Images

7. Connecticut: Litchfield County
> GDP change 2012-2015: -7.6% (county) -0.7% (state)
> 2015 county GDP: $6.2 billion (2.6% of state GDP)
> Fastest shrinking industry: Retail trade (0.8% employment decline)
> 2017 unemployment: 4.3% (county) 4.7% (state)
> Population: 184,454 (5.1% of state)

See all stories featuring: Connecticut

Source: JERRYE & ROY KLOTZ, M.D. / Wikimedia Commons

8. Delaware: New Castle County
> GDP change 2012-2015: -1.8% (county) +5.9% (state)
> 2015 county GDP: $45.6 billion (69.4% of state GDP)
> Fastest shrinking industry: Manufacturing (0.8% employment decline)
> 2017 unemployment: 4.5% (county) 4.6% (state)
> Population: 555,036 (58.8% of state)

See all stories featuring: Delaware

Source: BOB WESTON / Getty Images

9. Florida: Franklin County
> GDP change 2012-2015: -20.3% (county) +8.8% (state)
> 2015 county GDP: $297.9 million (0.0% of state GDP)
> Fastest shrinking industry: Construction (5.3% employment decline)
> 2017 unemployment: 3.6% (county) 4.2% (state)
> Population: 11,675 (0.1% of state)

See all stories featuring: Florida

[in-text-ad-2]

Source: Michael Rivera / Wikimedia Commons

10. Georgia: Baker County
> GDP change 2012-2015: -27.7% (county) +8.0% (state)
> 2015 county GDP: $70.3 million (0.0% of state GDP)
> Fastest shrinking industry: Retail trade (4.4% employment decline)
> 2017 unemployment: 6.3% (county) 4.7% (state)
> Population: 3,251 (0.0% of state)

See all stories featuring: Georgia

Source: kenlund / Flickr

11. Hawaii: Hawaii County
> GDP change 2012-2015: +3.5% (county) +4.7% (state)
> 2015 county GDP: $6.8 billion (8.8% of state GDP)
> Fastest shrinking industry: Arts, entertainment, and recreation, and accommodation and food services (1.8% employment decline)
> 2017 unemployment: 2.8% (county) 2.4% (state)
> Population: 196,325 (13.8% of state)

See all stories featuring: Hawaii

[in-text-ad]

Source: plant_diversity / Flickr

12. Idaho: Butte County
> GDP change 2012-2015: -22.7% (county) +9.3% (state)
> 2015 county GDP: $750.8 million (1.2% of state GDP)
> Fastest shrinking industry: Educational services, and health care and social assistance (5.3% employment decline)
> 2017 unemployment: 3.0% (county) 3.2% (state)
> Population: 2,613 (0.2% of state)

See all stories featuring: Idaho

Source: roadgeek / Flickr

13. Illinois: Pope County
> GDP change 2012-2015: -24.6% (county) +2.8% (state)
> 2015 county GDP: $49.3 million (0.0% of state GDP)
> Fastest shrinking industry: Construction (8.5% employment decline)
> 2017 unemployment: 6.2% (county) 5.0% (state)
> Population: 4,360 (0.0% of state)

See all stories featuring: Illinois
Source: Calvin Beale / Public Domain / Wikimedia Commons

14. Indiana: Ohio County
> GDP change 2012-2015: -34.8% (county) +4.2% (state)
> 2015 county GDP: $75.6 million (0.0% of state GDP)
> Fastest shrinking industry: Transportation and warehousing, and utilities (6.3% employment decline)
> 2017 unemployment: 3.6% (county) 3.5% (state)
> Population: 5,911 (0.1% of state)

See all stories featuring: Indiana

[in-text-ad-2]

Source: kenlund / Flickr

15. Iowa: Louisa County
> GDP change 2012-2015: -22.7% (county) +6.9% (state)
> 2015 county GDP: $433.7 million (0.3% of state GDP)
> Fastest shrinking industry: Transportation and warehousing, and utilities (1.6% employment decline)
> 2017 unemployment: 3.3% (county) 3.1% (state)
> Population: 11,238 (0.4% of state)

See all stories featuring: Iowa

Source: tuba / Flickr

16. Kansas: Marshall County
> GDP change 2012-2015: -23.1% (county) +3.2% (state)
> 2015 county GDP: $476.6 million (0.3% of state GDP)
> Fastest shrinking industry: Retail trade (1.8% employment decline)
> 2017 unemployment: 2.8% (county) 3.6% (state)
> Population: 9,859 (0.3% of state)

See all stories featuring: Kansas

[in-text-ad]

Source: brier5hill / Flickr

17. Kentucky: Leslie County
> GDP change 2012-2015: -35.4% (county) +2.4% (state)
> 2015 county GDP: $133.1 million (0.1% of state GDP)
> Fastest shrinking industry: Agriculture, forestry, fishing and hunting, and mining (9.0% employment decline)
> 2017 unemployment: 10.1% (county) 4.9% (state)
> Population: 10,648 (0.2% of state)

See all stories featuring: Kentucky

Source: formulanone / Flickr

18. Louisiana: Red River Parish
> GDP change 2012-2015: -29.6% (parish) -0.9% (state)
> 2015 county GDP: $243.0 million (0.1% of state GDP)
> Fastest shrinking industry: Educational services, and health care and social assistance (3.5% employment decline)
> 2017 unemployment: 5.2% (parish) 5.1% (state)
> Population: 8,723 (0.2% of state)

See all stories featuring: Louisiana

Source: rickberk / Getty Images

19. Maine: Franklin County
> GDP change 2012-2015: -7.0% (county) +1.4% (state)
> 2015 county GDP: $884.4 million (1.6% of state GDP)
> Fastest shrinking industry: Professional, scientific, and management, and administrative and waste management services (1.0% employment decline)
> 2017 unemployment: 4.0% (county) 3.3% (state)
> Population: 30,177 (2.3% of state)

See all stories featuring: Maine

[in-text-ad-2]

Source: AppalachianViews / Getty Images

20. Maryland: Baltimore County
> GDP change 2012-2015: -8.9% (county) +2.9% (state)
> 2015 county GDP: $46.2 billion (13.4% of state GDP)
> Fastest shrinking industry: Manufacturing (0.6% employment decline)
> 2017 unemployment: 4.3% (county) 4.1% (state)
> Population: 828,637 (13.8% of state)

See all stories featuring: Maryland

Source: dpriddy / Flickr

21. Massachusetts: Hampshire County
> GDP change 2012-2015: +1.4% (county) +5.8% (state)
> 2015 county GDP: $5.7 billion (1.2% of state GDP)
> Fastest shrinking industry: Manufacturing (1.3% employment decline)
> 2017 unemployment: 3.4% (county) 3.7% (state)
> Population: 161,197 (2.4% of state)

See all stories featuring: Massachusetts

[in-text-ad]

Source: Lumigraphics / Getty Images

22. Michigan: Ionia County
> GDP change 2012-2015: -18.0% (county) +5.1% (state)
> 2015 county GDP: $1.3 billion (0.3% of state GDP)
> Fastest shrinking industry: Finance and insurance, and real estate and rental and leasing (1.2% employment decline)
> 2017 unemployment: 4.0% (county) 4.6% (state)
> Population: 64,147 (0.6% of state)

See all stories featuring: Michigan

Source: Bobak Ha'Eri / Wikimedia Commons

23. Minnesota: Kandiyohi County
> GDP change 2012-2015: -16.5% (county) +5.7% (state)
> 2015 county GDP: $2.0 billion (0.6% of state GDP)
> Fastest shrinking industry: Manufacturing (1.1% employment decline)
> 2017 unemployment: 3.3% (county) 3.5% (state)
> Population: 42,577 (0.8% of state)

See all stories featuring: Minnesota

Source: BOB WESTON / Getty Images

24. Mississippi: Neshoba County
> GDP change 2012-2015: -18.0% (county) +0.1% (state)
> 2015 county GDP: $776.0 million (0.8% of state GDP)
> Fastest shrinking industry: Construction (1.0% employment decline)
> 2017 unemployment: 5.1% (county) 5.1% (state)
> Population: 29,437 (1.0% of state)

See all stories featuring: Mississippi

[in-text-ad-2]

Source: Kbh3rd / Wikimedia Commons

25. Missouri: Linn County
> GDP change 2012-2015: -20.8% (county) +2.6% (state)
> 2015 county GDP: $339.4 million (0.1% of state GDP)
> Fastest shrinking industry: Wholesale trade (2.2% employment decline)
> 2017 unemployment: 5.9% (county) 3.8% (state)
> Population: 12,248 (0.2% of state)

See all stories featuring: Missouri

Source: ronkroetz / Flickr

26. Montana: Silver Bow County
> GDP change 2012-2015: -26.4% (county) +6.3% (state)
> 2015 county GDP: $2.1 billion (4.8% of state GDP)
> Fastest shrinking industry: Arts, entertainment, and recreation, and accommodation and food services (1.9% employment decline)
> 2017 unemployment: 4.2% (county) 4.0% (state)
> Population: 34,514 (3.4% of state)

See all stories featuring: Montana

[in-text-ad]

Source: Ammodramus / Wikimedia Commons

27. Nebraska: Wheeler County
> GDP change 2012-2015: -60.6% (county) +7.4% (state)
> 2015 county GDP: $37.2 million (0.0% of state GDP)
> Fastest shrinking industry: Agriculture, forestry, fishing and hunting, and mining (21.2% employment decline)
> 2017 unemployment: 2.3% (county) 2.9% (state)
> Population: 846 (0.0% of state)

See all stories featuring: Nebraska

Source: BOB WESTON / Getty Images

28. Nevada: Eureka County
> GDP change 2012-2015: -38.5% (county) +5.6% (state)
> 2015 county GDP: $1.2 billion (0.9% of state GDP)
> Fastest shrinking industry: Educational services, and health care and social assistance (6.7% employment decline)
> 2017 unemployment: 3.1% (county) 5.0% (state)
> Population: 1,728 (0.1% of state)

See all stories featuring: Nevada

Source: pennuja / Flickr

29. New Hampshire: Carroll County
> GDP change 2012-2015: -5.3% (county) +5.2% (state)
> 2015 county GDP: $1.7 billion (2.4% of state GDP)
> Fastest shrinking industry: Retail trade (2.7% employment decline)
> 2017 unemployment: 2.6% (county) 2.7% (state)
> Population: 47,524 (3.6% of state)

See all stories featuring: New Hampshire

[in-text-ad-2]

Source: sparhawk4242 / Getty Images

30. New Jersey: Cape May County
> GDP change 2012-2015: -6.8% (county) +2.7% (state)
> 2015 county GDP: $4.4 billion (0.8% of state GDP)
> Fastest shrinking industry: Construction (1.2% employment decline)
> 2017 unemployment: 9.1% (county) 4.6% (state)
> Population: 94,549 (1.1% of state)

See all stories featuring: New Jersey

Source: douglaspperkins / Flickr

31. New Mexico: Taos County
> GDP change 2012-2015: -12.6% (county) +3.7% (state)
> 2015 county GDP: $767.6 million (0.8% of state GDP)
> Fastest shrinking industry: Educational services, and health care and social assistance (1.2% employment decline)
> 2017 unemployment: 7.9% (county) 6.2% (state)
> Population: 32,809 (1.6% of state)

See all stories featuring: New Mexico

[in-text-ad]

Source: rickberk / Getty Images

32. New York: Greene County
> GDP change 2012-2015: -11.3% (county) +3.6% (state)
> 2015 county GDP: $1.8 billion (0.1% of state GDP)
> Fastest shrinking industry: Construction (1.6% employment decline)
> 2017 unemployment: 5.3% (county) 4.7% (state)
> Population: 47,791 (0.2% of state)

See all stories featuring: New York

Source: warrenlemay / Flickr

33. North Carolina: Person County
> GDP change 2012-2015: -24.0% (county) +6.4% (state)
> 2015 county GDP: $1.4 billion (0.3% of state GDP)
> Fastest shrinking industry: Manufacturing (2.1% employment decline)
> 2017 unemployment: 4.7% (county) 4.6% (state)
> Population: 39,240 (0.4% of state)

See all stories featuring: North Carolina

Source: afiler / Flickr

34. North Dakota: Slope County
> GDP change 2012-2015: -53.0% (county) +6.3% (state)
> 2015 county GDP: $36.7 million (0.1% of state GDP)
> Fastest shrinking industry: Finance and insurance, and real estate and rental and leasing (7.5% employment decline)
> 2017 unemployment: 1.9% (county) 2.6% (state)
> Population: 674 (0.1% of state)

See all stories featuring: North Dakota

[in-text-ad-2]

Source: Public Domain / Wikimedia Commons

35. Ohio: Logan County
> GDP change 2012-2015: -13.2% (county) +6.7% (state)
> 2015 county GDP: $1.7 billion (0.3% of state GDP)
> Fastest shrinking industry: Educational services, and health care and social assistance (1.8% employment decline)
> 2017 unemployment: 4.1% (county) 5.0% (state)
> Population: 45,323 (0.4% of state)

See all stories featuring: Ohio

Source: barbarabrannon / Flickr

36. Oklahoma: Beaver County
> GDP change 2012-2015: -14.8% (county) +12.3% (state)
> 2015 county GDP: $230.9 million (0.1% of state GDP)
> Fastest shrinking industry: Professional, scientific, and management, and administrative and waste management services (2.0% employment decline)
> 2017 unemployment: 2.6% (county) 4.3% (state)
> Population: 5,445 (0.1% of state)

See all stories featuring: Oklahoma

[in-text-ad]

Source: Rex_Wholster / Getty Images

37. Oregon: Sherman County
> GDP change 2012-2015: -21.8% (county) +9.7% (state)
> 2015 county GDP: $484.3 million (0.3% of state GDP)
> Fastest shrinking industry: Transportation and warehousing, and utilities (4.1% employment decline)
> 2017 unemployment: 4.8% (county) 4.1% (state)
> Population: 1,635 (0.0% of state)

See all stories featuring: Oregon

Source: Alex Potemkin / Getty Images

38. Pennsylvania: Carbon County
> GDP change 2012-2015: -7.9% (county) +5.7% (state)
> 2015 county GDP: $1.6 billion (0.2% of state GDP)
> Fastest shrinking industry: Retail trade (1.7% employment decline)
> 2017 unemployment: 5.6% (county) 4.9% (state)
> Population: 63,987 (0.5% of state)

See all stories featuring: Pennsylvania

Source: jjbers / Flickr

39. Rhode Island: Kent County
> GDP change 2012-2015: -10.6% (county) +2.7% (state)
> 2015 county GDP: $8.7 billion (16.5% of state GDP)
> Fastest shrinking industry: Finance and insurance, and real estate and rental and leasing (1.0% employment decline)
> 2017 unemployment: 4.1% (county) 4.5% (state)
> Population: 164,012 (15.5% of state)

See all stories featuring: Rhode Island

[in-text-ad-2]

Source: Ryon Edwards / Flickr

40. South Carolina: Marion County
> GDP change 2012-2015: -9.2% (county) +7.9% (state)
> 2015 county GDP: $403.0 million (0.2% of state GDP)
> Fastest shrinking industry: Finance and insurance, and real estate and rental and leasing (4.7% employment decline)
> 2017 unemployment: 7.4% (county) 4.3% (state)
> Population: 31,765 (0.6% of state)

See all stories featuring: South Carolina

Source: dasqfamily / Flickr

41. South Dakota: Kingsbury County
> GDP change 2012-2015: -12.3% (county) +4.4% (state)
> 2015 county GDP: $226.7 million (0.5% of state GDP)
> Fastest shrinking industry: Construction (1.0% employment decline)
> 2017 unemployment: 3.2% (county) 3.3% (state)
> Population: 5,000 (0.6% of state)

See all stories featuring: South Dakota

[in-text-ad]

Source: 144957155@N06 / Flickr

42. Tennessee: Stewart County
> GDP change 2012-2015: -19.0% (county) +6.0% (state)
> 2015 county GDP: $563.6 million (0.2% of state GDP)
> Fastest shrinking industry: Educational services, and health care and social assistance (3.0% employment decline)
> 2017 unemployment: 5.3% (county) 3.7% (state)
> Population: 13,248 (0.2% of state)

See all stories featuring: Tennessee

Source: jerryhopman / Getty Images

43. Texas: Goliad County
> GDP change 2012-2015: -31.9% (county) +12.7% (state)
> 2015 county GDP: $279.7 million (0.0% of state GDP)
> Fastest shrinking industry: Other services, except public administration (2.8% employment decline)
> 2017 unemployment: 4.9% (county) 4.3% (state)
> Population: 7,510 (0.0% of state)

See all stories featuring: Texas

Source: kenlund / Flickr

44. Utah: Kane County
> GDP change 2012-2015: -12.3% (county) +9.8% (state)
> 2015 county GDP: $256.3 million (0.2% of state GDP)
> Fastest shrinking industry: Arts, entertainment, and recreation, and accommodation and food services (4.4% employment decline)
> 2017 unemployment: 3.4% (county) 3.2% (state)
> Population: 7,246 (0.2% of state)

See all stories featuring: Utah

[in-text-ad-2]

Source: roadgeek / Flickr

45. Vermont: Windham County
> GDP change 2012-2015: -14.6% (county) -0.4% (state)
> 2015 county GDP: $2.1 billion (7.5% of state GDP)
> Fastest shrinking industry: Wholesale trade (0.6% employment decline)
> 2017 unemployment: 3.1% (county) 3.0% (state)
> Population: 43,332 (6.9% of state)

See all stories featuring: Vermont

Source: nataliemaynor / Flickr

46. Virginia: Surry County
> GDP change 2012-2015: -25.3% (county) +2.1% (state)
> 2015 county GDP: $1.1 billion (0.2% of state GDP)
> Fastest shrinking industry: Transportation and warehousing, and utilities (2.3% employment decline)
> 2017 unemployment: 4.5% (county) 3.8% (state)
> Population: 6,670 (0.1% of state)

See all stories featuring: Virginia

[in-text-ad]

Source: JeffGoulden / Getty Images

47. Washington: Garfield County
> GDP change 2012-2015: -4.9% (county) +10.5% (state)
> 2015 county GDP: $99.0 million (0.0% of state GDP)
> Fastest shrinking industry: Professional, scientific, and management, and administrative and waste management services (4.3% employment decline)
> 2017 unemployment: 5.5% (county) 4.8% (state)
> Population: 2,226 (0.0% of state)

See all stories featuring: Washington

Source: Tim Kiser (w:User:Malepheasant) / Wikimedia Commons

48. West Virginia: Clay County
> GDP change 2012-2015: -45.4% (county) +0.2% (state)
> 2015 county GDP: $96.2 million (0.1% of state GDP)
> Fastest shrinking industry: Manufacturing (4.5% employment decline)
> 2017 unemployment: 8.6% (county) 5.2% (state)
> Population: 8,901 (0.5% of state)

See all stories featuring: West Virginia

Source: royal_broil / Flickr

49. Wisconsin: Kewaunee County
> GDP change 2012-2015: -37.0% (county) +4.0% (state)
> 2015 county GDP: $557.1 million (0.2% of state GDP)
> Fastest shrinking industry: Arts, entertainment, and recreation, and accommodation and food services (1.5% employment decline)
> 2017 unemployment: 3.1% (county) 3.3% (state)
> Population: 20,378 (0.4% of state)

See all stories featuring: Wisconsin

[in-text-ad-2]

Source: kenlund / Flickr

50. Wyoming: Natrona County
> GDP change 2012-2015: -7.6% (county) +3.0% (state)
> 2015 county GDP: $5.7 billion (14.5% of state GDP)
> Fastest shrinking industry: Transportation and warehousing, and utilities (1.7% employment decline)
> 2017 unemployment: 5.3% (county) 4.2% (state)
> Population: 81,023 (13.9% of state)

See all stories featuring: Wyoming

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.