The Fastest Growing and Shrinking State Economies

Special Report

July 29, 2019 4:23 pm

Last Updated: February 17, 2020 2:00 pm

Source: Belinda Hankins Miller from U.S.A., upload by Herrick 10:33, 15 November 2007 (UTC) / Wikimedia Commons

45. Arkansas
> 2018 GDP change: +0.9%
> 2018 GDP: $115.9 billion (17th smallest)
> Largest contributor to growth: Manufacturing
> 1-yr. pop. change: +0.5% (24th highest)

See all stories featuring: Arkansas

Source: Kirkikis / iStock

44. Connecticut
> 2018 GDP change: +1.0%
> 2018 GDP: $242.2 billion (23rd largest)
> Largest contributor to growth: Manufacturing
> 1-yr. pop. change: +0.3% (16th lowest)

See all stories featuring: Connecticut

ALSO READ: States With The Biggest And Smallest Governments

Source: maximkabb / Getty Images

43. Hawaii
> 2018 GDP change: +1.0%
> 2018 GDP: $80.8 billion (13th smallest)
> Largest contributor to growth: Real estate and rental and leasing
> 1-yr. pop. change: -0.1% (7th lowest)

See all stories featuring: Hawaii

Source: Sean Pavone / Getty Images

42. Mississippi
> 2018 GDP change: +1.0%
> 2018 GDP: $101.6 billion (15th smallest)
> Largest contributor to growth: Educational services, health care, and social assistance
> 1-yr. pop. change: -0.2% (5th lowest)

See all stories featuring: Mississippi

Source: pedrosz / Flickr

41. Louisiana
> 2018 GDP change: +1.1%
> 2018 GDP: $231.2 billion (24th largest)
> Largest contributor to growth: Professional and business services
> 1-yr. pop. change: +0.1% (9th lowest)

See all stories featuring: Louisiana

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.