The Vermont Gross State Product grew slightly in the first quarter of 2010 with a growth rate of 2.6 percent from the previous quarter, but fell 4.5 percent compared to a year ago.
Quarterly Gross State Product
§ Current Quarter. Vermont quarterly real gross state product in the first quarter, seasonally adjusted: $24.5 billion at constant 2005 prices.
§ Previous Quarter. Vermont quarterly real gross state product in the fourth quarter, seasonally adjusted: $24.3 billion at constant 2005 prices.
§ A Year Ago. Vermont quarterly gross state product in the first quarter of last year, seasonally adjusted: $23.4 billion at constant 2005 prices.
Growth in Quarterly Gross State Product
Vermont quarterly gross state product, adjusted for seasonal factors, increased by 2.6 percent annual rate in the first quarter from the previous quarter.
Vermont quarterly gross state product, adjusted for seasonal factors, dropped by a 4.5 percent annual rate in the first quarter from the same quarter a year ago.
National Quarterly Domestic Product
For the nation, real gross domestic product, the national counterpart to gross state product, increased by 2.7 percent in the first quarter to $13,239 billion at constant 2005 prices, seasonally adjusted.
Copyright e-forecasting.com. 2010
Growth Across the Nation
Quarterly Gross State Product (GSP) Briefing, July 2010
Gross State Product (GSP)
Rank
First Quarter of 2010*
Vermont GSP, First Quarter of 2010
1
Indiana
5.2
2
District of Columbia
4.9
3
Tennessee
4.3
4
South Carolina
4.0
5
New Hampshire
4.0
6
Louisiana
3.9
7
Kentucky
3.8
8
Michigan
3.8
9
Texas
3.8
10
Ohio
3.7
11
North Carolina
3.6
12
Minnesota
3.6
13
North Dakota
3.5
14
Oregon
3.4
15
New York
3.3
16
Arizona
3.3
17
Massachusetts
3.2
18
Missouri
3.2
19
Hawaii
3.2
20
Mississippi
3.1
21
Alaska
3.0
22
California
2.9
23
Alabama
2.8
24
Iowa
2.7
25
Vermont
2.6
26
Idaho
2.6
27
Kansas
2.4
28
Virginia
2.4
29
Wisconsin
2.3
30
New Jersey
2.3
31
Georgia
2.3
32
Connecticut
2.2
33
Utah
2.2
34
Maine
2.1
35
Pennsylvania
2.1
36
Florida
2.0
37
Rhode Island
1.7
38
Wyoming
1.6
Vermont's Quarterly State Accounts @ a Glance
39
South Dakota
1.6
40
Oklahoma
1.4
First Quarter of 2010
41
Nebraska
1.4
42
Washington
1.3
Gross State Product
Seasonally Adjusted Annual Rates
Growth & Inflation
43
New Mexico
1.2
or State GDP
GSP / GDP in Billions of Dollars
Percent Change in
44
Delaware
1.2
State & National
Latest
Quarter Ago
Year Ago
First Quarter of 2010 from
45
Maryland
1.2
Statistics
2010:Q1
2009:Q4
2009:Q1
Quarter Ago
Year Ago
46
Arkansas
0.7
Vermont
47
Illinois
0.6
● Real GSP*
$24.5
$24.3
$23.4
2.6%
4.5%
48
Nevada
0.2
● Nominal GSP**
$26.7
$26.5
$25.3
3.8%
5.7%
49
Colorado
0.1
● GSP Price Index***
109.2
108.9
107.9
1.1%
1.2%
50
Montana
-0.3
United States
51
West Virginia
-1.0
● Real GDP*
$13,239
$13,150
$12,925
2.7%
2.4%
United States
2.7
*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. VI, No.1, July 2010, by e-forecasting.com, Durham NH, USA.
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