The Regional Economy
Data
District GSP rankings reflect population
Gross State Product, 1997
| State | Gross State Product ($ Millions) |
Percent Change 1996-1997 |
Percent of U.S. GDP |
State GSP Rank |
State Population Rank |
|---|---|---|---|---|---|
| Minnesota | 149,394 | 4.5 | 1.8 | 18 | 20 |
| Montana | 19,160 | 3.4 | 0.2 | 48 | 44 |
| North Dakota | 15,786 | 0.6 | 0.2 | 50 | 48 |
| South Dakota | 20,186 | 1.7 | 0.2 | 47 | 45 |
| Wisconsin | 147,325 | 4.5 | 1.8 | 19 | 18 |
Source: Bureau of Economic Analysis
In 1997, real gross state product (GSP)—the value added in state production by labor and property—grew 4.3 percent nationally to $7.3 trillion. By state, growth rates in real GSP ranged from an increase of 7.6 percent in Oregon to a decline of 0.2 percent in Hawaii. The top three states—California, New York and Texas—encompass 28.1 percent of total GSP.
