By Danushka Nanayakkara-Skillington | Eye On Housing
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2021 compared to the last quarter of 2020. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 10.9 percent in Nevada to 2.9 percent in the District of Columbia.
Nationwide, growth in real GDP, measured on a seasonally adjusted annual rate basis, increased 6.4 percent in the first quarter of 2021, after an increase of 4.3 percent in the previous quarter. The increase in real GDP reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Durable goods manufacturing; professional, scientific, and technical services; and information services were the leading contributors to the increase in real GDP across the country.
