Analysis of Q2 2021 Real GDP at State-Level Released
State-Level GDP in the Second Quarter of 2021
According to the Bureau of Economic Analysis (BEA), with analysis provided by the National Association of Home Builders (NAHB), real gross domestic product (GDP) increased in all 50 states and the District of Columbian in Q2 of 2021, when compared with Q1 of 2021. The increases in real GDP ranged from 9.7% in Nevada to 1.8% in Alaska.
In Q2 of 2021, nationwide, growth in real GDP, measured on a seasonally adjusted annual rate basis, increased 6.7%, after increasing 6.3% in Q1 of 2021. The BEA attributes the increase in the real GDP to the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Accommodation and food services; information; and professional, scientific, and technical services were the leading contributors to the increase in real GDP across the country.
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