How Alabama’s Economy Lost $8.3bn during the 2008 Great Recession
Alabama’s economy, as measured by Real Gross Domestic Product (Real GDP), was worth $176.5bn in 2007 Q4. Within 18 months it shrank by $8.3bn to $168.2bn in 2009 Q2 as it struggled to survive what became known as the Great Recession precipitated by the 2008 financial crisis. Alabama’s economy declined...
How Wyoming’s Economy Grew by 5% During the 2008 Great Recession
The national economy may have fallen by 4.3% during the 2008 Great Recession, but Wyoming’s economy bucked the trend to rise by 5% as measured by Real Gross Domestic Product (Real GDP) between the peak of 2007 Q4 and the trough of 2009 Q2. Only 12 state economies grew...
How Utah’s Economy Lost $5.8bn During the 2008 Great Recession
The 2008 financial crisis precipitated what has become known as the Great Recession where $634bn was off US Real Gross Domestic Product (Real GDP) from the economic peak in 2007 Q4 to the trough in 2009 Q2, a fall of 4.3% in 18 months. In the same period Utah’s economy...
How Montana’s Economy Lost $1.4bn During the 2008 Great Recession
Montana’s economy declined by 3.8% with $1.4bn wiped off the value of its Real Gross Domestic Product (Real GDP) during what is now known as the Great Recession. The financial crisis precipitated the Great Recession which began at the end of 2007 Q4 and officially ended in 2009 Q2, and...
How the Idaho's Economy Lost $3.3bn in the 2008 Great Recession
The crisis in the financial sector precipitated a deep recession that stretched for six quarters from the end of 2007 Q4 to 2009 Q2 in what became known as the Great Recession. By the end the US economy had shrunk by 4.3% and $634bn of Real Gross Domestic Product...
How Colorado’s Economy Lost $12bn During the 2008 Great Recession
Colorado’s economy shrank by $12bn during what has become known as the Great Recession, which officially lasted for 18 months from the end of 2007 Q4 to 2009 Q2. In Colorado Real Gross Domestic Product (Real GDP) fell by 4.7% and $12.1bn in the same period, shrinking from $257bn in...
South Dakota’s Economy Grew by 6.7% During the 2008 Great Recession
The 6.7% increase in the Real Gross Domestic Product (Real GDP) of South Dakota’s economy from 2007 Q4 to 2009 Q2, a period known as the Great Recession, was the third biggest increase behind Alaska and North Dakota. Only 12 states recorded an increase in Real GDP during the...
North Dakota’s Economy Grew by 8.3% During the 2008 Great Recession
North Dakota’s economy was one of only 12 state economies that actually increased in size during the 2008 Great Recession. Real Gross Domestic Product (Real GDP) increased by 8.3% between the peak in 2007 Q4 and the trough in 2009 Q2. Only Alaska with an 11.8% increase in Real...
The Manufacturing Sector's Share of the Southwest Economy has fallen by 25% since 1997
The Southwest economic region is made up of four states, the fewest number in any of the eight regions. Texas is one of these and its also the second largest in the country. As Texas accounts for 74% of the Southwest regional economy, detailed analysis on...
Nebraska’s Economy Only Declined by 0.1% During the 2008 Great Recession
The Great Recession of 2008 officially stretched for six quarters from the end of 2007 Q4 to 2009 Q2. In that time the US Real Gross Domestic Product (Real GDP) shrank by 4.3% with $634bn wiped from the national economy in that time. Nebraska’s economy coped better than most...
