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Economy in Brief

State GDP in 2021:Q4
by Charles Steindel  March 31, 2022

State real GDP growth continued to be in a wide range in 2021:Q4. Nine states grew at rates equal to or exceeding 8 percent, led by Texas's 10.1 percent. However, 3 states (North Dakota, Nebraska, and Iowa) registered declines in output. Again, as was the case in the third quarter, marked declines in agriculture held down the Plains states. Sharp gains in accommodations and food services contributed markedly to growth in Hawaii and Nevada, and a few other states, none of which stand out immediately as major travel destinations (Connecticut, New Hampshire, Vermont, Tennessee, and New Mexico). New York, which has had difficulties reviving tourism, saw that sector decline in the fourth quarter.

The broad contours of growth in the fourth quarter were comparable to those for 2021 as a whole. In general—though there are some exceptions on both sides—state in the middle of the nation (the Middle West, Plains, and South Central) have been growing more slowly than those to the East and West. The Western states have been (again generally) the fastest growing, the South Atlantic is nearly as fast. The Northeast is mixed, with some states noticeably stronger than others (New York is a notable laggard).

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