Commerce.gov is getting a facelift soon. See the new design.
Syndicate content

Blog Category: Economics and Statistics Administration

Quarterly Gross Domestic Product by State, 2005–2013 (Prototype Statistics)

Percent Change in Real GDP by State, 2013:III-2013:IV

Cross Post: Bureau of Economic Analysis

  • The quarterly GDP by state prototype statistics for 2005-2013 provide a more complete picture of economic growth across states as they evolve from quarter to quarter. 
  • The quarterly GDP by state statistics are released for 21 industry sectors and are released in both current dollars and inflation-adjusted chained (2009) dollars. 
  • Nondurable-goods manufacturing was the largest contributor to U.S. real GDP by state growth in the fourth quarter of 2013. This industry was the leading contributor to real GDP growth in 31 states in the fourth quarter. 
  • Professional, scientific, and technical services was the second largest contributor to U.S. real GDP growth in the third and fourth quarters of 2013. This industry contributed to the growth in 49 states and the District of Columbia in the fourth quarter of 2013. 
  • Wholesale trade contributed to real GDP growth in 48 states and the District of Columbia in the fourth quarter of 2013. 
  • Construction subtracted from real GDP growth in 47 states and the District of Columbia in the fourth quarter of 2013.

Read the full report.

Efforts to Support American Women Highlighted in Commerce and White House Reports

Sec. Locke Meets with Economic Team This week the National Economic Council released a report on the impact of the recession on women and how the Obama administration’s economic policies benefit American women. Some of these policies include a tax credit for college for working families, expanded and increased student aid, and more manageable loan repayment so women can get the education they need to succeed. The report lays out the economic landscape facing women today and details some of the many ways the administration is committed to making sure the government is working for all Americans, especially American women.

The Commerce Department’s Economics and Statistics Administration (ESA) further explored the state of American women and Women-Owned Businesses in the 21st Century in a report issued earlier this month for the White House Council on Women and Girls.  According to the report, women-owned businesses are steadily expanding and account for $1.2 trillion in economic output. Yet they continue to lag behind other companies in several key indicators.

To help reverse this trend, the Obama administration has invested in women’s education and expanded the capital available for women to start a business. The White House has already given out more than 12,000 Small Business Administration Recovery Act loans totaling more than $3 billion to women-owned small businesses.

Learn more about what the administration is doing on behalf of women and the economy and women-owned businesses, or read the reports.