Missouri’s Economy Declined By $4.8bn During The 2008 Great Recession
Missouri’s economy declined by 1.9% during the 2008 Great Recession as Real Gross Domestic Product (Real GDP) fell by $4.75bn to $248.7bn in 2009 Q2 compared to $253.5bn in 2007 Q4. The value of employee income in all industries increased by 0.7% by 2009 compared to 2007.
The financial crisis precipitated...
How Minnesota’s Economy Lost $13bn During The 2008 Great Recession
The Real Gross Domestic Product (Real GDP) of the national economy peaked in 2007 Q4 before losing $634bn as it shrank by 4.3% to its lowest level in 2009 Q2, in a deep recession precipitated by the 2008 financial crisis. Minnesota’s economy fared slightly worse as its Real GDP fell...
How Kansas' Economy Lost $4.6bn During the 2008 Great Recession
The Real Gross Domestic Product (Real GDP) of the national economy peaked in 2007 Q4 before the 2008 financial crisis pushed it into a deep recession that didn’t bottom out until 2009 Q2, at which point it had lost 4.3% and $634bn of its value. The Kansas’ economy declined by...
How the Iowa economy lost $8.4bn in the 2008 Great Recession
Iowa’s economy declined by 5.9% during the 2008 Great Recession, as Real Gross Domestic Product (Real GDP) fell by $8.4bn from $143.8bn in 2007 Q4 to $135.3bn by 2009 Q2. This performance ranked 40th when compared to other state economies and how they coped during the Great Recession.
For the...
Vermont’s Economy Lost $644m During the 2008 Great Recession
Vermont’s economy is the smallest economy in the Union, and declined by $644m during the 2008 Great Recession as Real Gross Domestic Product (Real GDP) fell by 2.5%. The Great Recession began at the end of 2007 Q4 when Vermont’s economy was valued at $25.9bn in Real GDP terms and this...
Rhode Island’s economy lost $1.3bn in value during the 2008 Great Recession
Rhode Island’s economy declined by 2.7% to $47.4bn during the 2008 Great Recession, wiping $1.3bn of Real Gross Domestic Product (Real GDP) from the state economy in the period from 2007 Q4 when the economy peaked, to its lowest point in 2009 Q2. The US Real GDP fell...
How New Hampshire's Economy Lost $3.2bn During The 2008 Great Recession
The 2008 Great Recession in the US economy saw $634bn wiped off Real Gross Domestic Product (Real GDP) between the economic peak in 2007 Q4 and the lowest point in 2009 Q2, a decline of 4.3%. New Hampshire’s economy fell by $3.2bn during the same period, a 5% decline...
How $11.1bn was wiped off the Massachusetts’ economy during the 2008 Great Recession
The Real Gross Domestic Product of the Massachusetts’ economy dropped by 2.8% to $385.1bn during the 2008 Great Recession, wiping $11.1bn from its economy. The Great Recession lasted for 6 quarters from the end of 2007 Q4 to the end of 2009 Q2. In that time $634bn...
How Maine’s economy lost $1.5bn in the 2008 Great Recession
The Real Gross Domestic Product (Real GDP) of Maine’s economy decreased by 2.9% during the 2008 Great Recession at a time when the US economy fell by 4.3%. The Great Recession lasted for 6 quarters from the end of 2007 Q4 to the end of 2009 Q2. In that time...
How Connecticut's economy lost $13.8bn during the 2008 Great Recession
During the 2008 Great Recession that was precipitated by the financial crisis, in the US $634bn was wiped off Real Gross Domestic Product (Real GDP) between the economic peak in 2007 Q4 and the trough in 2009 Q2, a decline of 4.3%. In 2007 Q4 Connecticut’s economy was valued at...
