The Fastest Growing and Shrinking State Economies
To determine the states with the fastest growing and fastest shrinking economies, 24/7 Wall St. reviewed 2018 real GDP growth rates for all 50 states based on data from the Bureau of Economic Analysis. The real gross domestic product measurement accounts for the effects of inflation on growth. Real GDP and industry-specific GDP figures also came from the BEA. GDP figures published by the BEA for 2018 are preliminary and subject to annual revision. Real GDP figures for past years have already been revised. Population estimates and one-year change in median household income, poverty rate, and other census measures were derived from the American Community Survey 2017 1-Year Estimates. One-year change in employment is from the Bureau of Labor Statistics.