Nevada 13th for GDP Growth in Q4 2017

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Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017, according to statistics on the geographic breakout of GDP released by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 5.2 percent in Texas to -1.3 percent in North Dakota. Nevada came at an even 3% increase in GDP, the 13th best in the nation.

Construction increased 8.4 percent nationally and contributed to growth in 49 states and the District of Columbia. It was the leading growth area for Nevada in the fourth quarter, followed by Transportation and Warehousing.

BEA also has a look at 2017 as a whole, and there Nevada comes in 3rd with 3.5% GDP growth during the year. Real estate and rental and leasing was the leading contributor to increases in real GDP in Colorado and Nevada.