State economic (GDP) growth rates - Nevada California Texas Michigan Arizona Ohio
Which state economy did the best in gross domestic product (GDP) growth rates between 2000 and 2008 in the United States?
Nevada economy led all states
Nevada led all states with a 4.3% annual increase in real (inflation adjusted) GDP between 2000 and 2008 compared to the U.S. annual growth rate of 2.1%.
Nevada was followed by North Dakota (3.9% annual growth) and Arizona (3.6% per year). Texas (3.1% per year) grew slightly faster than California which posted GDP growth of slightly above the national average with real GDP increasing by 2.3% annually between 2000 and 2008.
Ohio and Michigan had lowest economic growth
Colorado had GDP growth of 2.1% per year while Massachusetts had GDP growth of 1.6% per year. Ohio (0.4% per year) and Michigan with negative GDP growth showed the impact of the post-2000 years on some Midwest states. Ohio and Michigan had the lowest GDP growth rates among all states.