In the third quarter of 2009, Vermont's gross state product went up 5.3 percent over the previous quarter. This increase ties Vermont with Washington, DC, at second place nationwide in terms of growth. New Hampshire saw a 3.8 percent climb this quarter, and sits at ninth place. The US average was 2.2 percent.
Vermont's quarterly real gross state product in this quarter, seasonally adjusted, was $23.8 billion at constant 2005 prices. In the second quarter, the state's GSP was $23.5 billion. Vermont's GSP dropped by a 0.1 percent annual rate in the third quarter from the same quarter a year ago.
Growth Across the Nation
Quarterly Gross State Product (GSP) Briefing, February 2010
Gross State Product (GSP)
Rank
Vermont GSP, Third Quarter of 2009
1
5.8
2
5.3
3
5.3
4
4.8
5
4.6
6
4.4
7
4.2
8
3.9
9
3.8
10
3.8
11
3.8
12
3.6
13
3.6
14
3.5
15
3.4
16
3.0
17
3.0
18
2.8
19
2.7
20
2.7
21
2.7
22
2.5
23
2.5
24
2.4
25
2.4
26
2.4
27
2.3
28
2.3
29
2.2
30
2.2
31
2.2
32
1.9
33
1.6
34
1.6
35
1.5
36
1.3
37
1.2
38
1.0
Vermont's Quarterly State Accounts @ a Glance
39
1.0
40
0.9
Third Quarter of 2009
41
0.8
42
0.8
Gross State Product
Seasonally Adjusted Annual Rates
Growth & Inflation
43
0.6
or State GDP
GSP / GDP in Billions of Dollars
Percent Change in
44
0.5
State & National
Latest
Quarter Ago
Year Ago
Third Quarter of 2009 from
45
0.4
Statistics
2009:Q3
2009:Q2
2008:Q3
Quarter Ago
Year Ago
46
0.1
Vermont
47
-0.3
● Real GSP*
$23.8
$23.5
$23.8
5.3%
-0.1%
48
-0.4
● Nominal GSP**
$25.7
$25.5
$25.5
2.7%
0.5%
49
-0.9
● GSP Price Index***
107.8
108.5
107.3
-2.4%
0.5%
50
-1.2
United States
51
-3.5
● Real GDP*
$12,973
$12,902
$13,325
2.2%
-2.6%
2.2
*Chained 2005 dollars. **Current Dollars. ***Index, 2005=100.
*Annual % change from the previous quarter in GSP at 2005 chained dollars.
Source: US GDP, Department of Commerce. State GSP, also called state GDP, from 'Quarterly GSP Trends,' Vol. V, No.3, February 2010, by e-forecasting.com, Durham NH, USA.
Source: www.e-forecasting.com 2.25.2010.