CALIFORNIA BUSINESS MINUTE
Ranking GDP Growth
06-15-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
California’s economy continues to grow albeit slow, it still retains its ranking
as the largest economy in the nation from 2009-2010.
According to the US Dept of Commerce, Bureau of Analysis, the Gross Domestic
Product, (GDP) grew in 48 out of the 50 states. The following identifies the states
with the slowest and fastest growing economies.
SLOWEST GROWING ECONOMIES 09-10
1. Wyoming -0.3
2. Nevada -0.2
3. Arizona 0.7
4. Oklahoma 1.0
5. Mississippi 1.1
6. Montana 1.1
7. Hawaii 1.2
8. New Hampshire 1.3
9. Delaware 1.3
10. Georgia 1.4
FASTEST GROWING ECONOMIES 09-10
1. North Dakota 7.1
2. New York 5.1
3. Indiana 4.6
4. Massachusetts 4.2
5. West Virginia 4.0
6. Tennessee 3.5
7. Oregon 3.4
8. North Carolina 3.4
9. Kentucky 3.2
10. Vermont 3.2
California’s GDP grew at 1.8 percent and was ranked 34th. In 2010, California's
currently dollar GDP was in excess of $1.9 trillion. It was ranked as the largest
state economy. In 2000 California’s GDP was $1.3 trillion. California’s Average
Annual Growth Rate was 1.7 percent from 2000-2010 as compared to the nation’s at
1.6 percent.
I am Tim Johnson and this has been the California Business Minute.
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