WASHINGTON — Of the 44 states and the District of Columbia that saw an increase a the second quarter 2023 real gross domestic product increase, Kansas had the second highest jump, up 7.4%, according to statistics released Thursday by the U.S. Bureau of Economic Analysis. The largest gain was 8.7% in Wyoming and the biggest loss was -1.9 percent in Vermont.
Current-dollar GDP increased in 46 states and the District of Columbia in the second quarter, with the percent change ranging from 8.3 percent in Kansas to -4.3 percent in North Dakota.
The current dollar GDP, or just Current GDP, is a means of understanding the most recent calculation of the GDP (value of the goods and services produced) in terms of current-year dollars. By comparison, real gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.
In the second quarter of 2023, while real GDP for the nation increased at an annual rate of 2.1 percent, real GDP increased in 14 of the 23 industry groups for which BEA prepares quarterly state estimates (table 2). Utilities; professional, scientific, and technical services; durable-goods manufacturing; and mining were the leading contributors to the increase in real GDP nationally.
• Utilities increased in all 50 states and the District of Columbia and was the leading contributor to growth in 22 states.
• Professional, scientific, and technical services increased in all 50 states and the District of Columbia and was the leading contributor to growth in 2 states.
• Durable-goods manufacturing increased in 48 states and was the leading contributor to growth in Michigan.
• Mining increased in 43 states and was the leading contributor to growth in 8 states, including Wyoming, the state with the largest increase in real GDP.
• Accommodation and food services decreased in 49 states and the District of Columbia and was the leading contributor to the decrease in Vermont, the state with the largest decline in real GDP.
• Agriculture, forestry, fishing, and hunting increased in 25 states and was the leading contributor to growth in 6 states, including Kansas and Nebraska, the states with the second- and third-largest increases in real GDP, respectively. The industry was also the leading contributor to the decrease in Mississippi, the state with second-largest decline in real GDP.