fedgazette

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.

 
Latest

President's Speech: Clarifying the Objectives of Monetary Policy

Related Links
Federal Reserve Consumer Help