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    Home ยป Annual Real GDP Rose to 6.4% as all US States Record Increase in Real GDP
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    Annual Real GDP Rose to 6.4% as all US States Record Increase in Real GDP

    June 25, 20211 Min Read
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    Annual Real GDP Rose to 6.4% as all US States Record Increase in Real GDP
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    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.

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