Real GDP at State-Level for Q1 2021

According to the latest U.S. Bureau of Economic Analysis (BEA), with further evaluation provide by National Association of Home Builders (NAHB), real gross domestic product (GDP) when compared to Q4 of 2020, advanced in all 50 states and the District of Columbia in Q1 2021. The percentage of change in real GDP ranged from 10.9% in Nevada to 2.9% in D.C. Nationwide, growth in real GDP, measured on a seasonally adjusted annual rate basis, increased 6.4% in the first quarter of 2021, after an increase of 4.3% in Q4 2020. Regionally, real GDP growth increased in all the regions from Q4 2020 to the Q1 2021. The percent change in real GDP ranged from 4.8% increase in Southwest region (Arizona, New Mexico, Oklahoma, and Texas) to 7.8% increase in the Rocky Mountain region (Colorado, Idaho, Montana, Utah, and Wyoming). At the state level, accommodation and food services was the leading contributor to the increase in Nevada (10.9 percent), the state with the highest real GDP growth. Durable goods manufacturing contributed to the real GDP increase in Utah (9.2 percent), the state with the second largest increase.