Gross State Product 2010
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Author Topic: Gross State Product 2010  (Read 964 times)
Tender Branson
Mark Warner 08
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« on: June 12, 2011, 01:43:39 AM »

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in 2010, according to new statistics released today by the U.S. Bureau of Economic Analysis that breakdown GDP by state.

Durable–goods manufacturing, retail trade, and finance and insurance were leading contributors to the upturn in U.S. economic growth.

U.S. real GDP by state grew 2.6 percent in 2010 after declining 2.5 percent in 2009.



http://www.bea.gov/newsreleases/regional/gdp_state/2011/gsp0611.htm
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Tender Branson
Mark Warner 08
Atlas Institution
*****
Posts: 58,172
Austria


Political Matrix
E: -6.06, S: -4.84

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« Reply #1 on: June 12, 2011, 01:48:21 AM »

This was the map for 2009:

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Tender Branson
Mark Warner 08
Atlas Institution
*****
Posts: 58,172
Austria


Political Matrix
E: -6.06, S: -4.84

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« Reply #2 on: June 12, 2011, 02:33:18 AM »

Here is the full data (I added the 2010 Census Population to calculate the GSP per capita in each state):



And here is a map I made to show the 5 quintiles of states colored from "rich" to "poor":



Dark Green => 10 most productive states
Dark Red => 10 least productive states
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Tender Branson
Mark Warner 08
Atlas Institution
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Posts: 58,172
Austria


Political Matrix
E: -6.06, S: -4.84

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« Reply #3 on: June 12, 2011, 02:54:20 AM »

For comparison, I looked up Austria's figures:

GDP was 285 Bio. € in 2010, the exchange rate was 1.33$ for the €.

Therefore Austria had a GDP of 379 Bio. $

The population in 2010 was 8.38 Mio.

This results in a GDP per capita of roughly 45.200$, which would place Austria somewhere in the middle of the US states.

The GDP will be up by 6% (nominally) this year for a total of 302 Bio. €, the exchange rate will be up to about 1.40$ for the €. That means a GDP of 423 Bio. $ for 2011 and with a projected population of 8.41 Mio. a GDP per capita of 50.300$
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memphis
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« Reply #4 on: June 12, 2011, 06:25:38 AM »

West Virginia is booming? Go figure. Probably just an increase in the price of coal.
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phk
phknrocket1k
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« Reply #5 on: June 12, 2011, 12:26:06 PM »

West Virginia is booming? Go figure. Probably just an increase in the price of coal.

I could be wrong but WV still had positive growth in 2008.
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WillK
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« Reply #6 on: June 12, 2011, 11:10:17 PM »

West Virginia is booming? Go figure. Probably just an increase in the price of coal.

http://www.youtube.com/watch?v=iCDqXrA7cz4

I know the video is two years old, but its relevant.
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