The real gross domestic product (GDP) in the 50 U.S. states in the first quarter of 2021 increased as the annual real GDP of the economy improved to 6.4%.
- In the first quarter, the percentage change in the real GDP ranged from 10.9% in Nevada to 2.9% in the District of Columbia. The continued economic recovery, reopening of businesses, and consistent government responses to COVID-19 pandemic contributed to the increase in first quarter GDP.
- Durable goods, professional, scientific and technical services, and information services were the major factors leading to the growth in real GDP.
- In Nevada, accommodation and food services contributed to increase. Accommodation and food services grew by 16.9% nationally and led to increase in GDP in all the states.
Information services expanded by 14.4% nationally. The industry was the major factor leading to an increase in GDP in Colorado.
DJI gains +0.71%
Source: U.S. Bureau of Economic Analysis.