How Illinois’ economy lost $34bn during the 2008 Great Recession
The Illinois economy is the 5th largest in the country, and back in 2007 Q4 its Real Gross Domestic Product (Real GDP) was worth $673bn. The national economy had peaked in that quarter before the financial crisis precipitated what has become known as the Great Recession. By the time the...
How Washington’s economy lost $20.9bn in the 2008 Great Recession
The national economy had peaked in 2007 Q4 before the financial crisis precipitated the 2008 Great Recession that saw Real Gross Domestic Product decline 4.3% over the next eighteen months, wiping $634bn from the US economy by 2009 Q2. Washington’s economy was worth $369bn in 2007 Q4, but over the...
Oregon’s economy grew by 0.4% during the 2008 Great Recession, one of only 12 states to do so
The Real Gross Domestic Product (Real GDP) of Oregon’s economy increased by 0.4% during the 2008 Great Recession at a time when the national economy fell by 4.3% from its peak in 2007 Q4 to its lowest point in 2009 Q2. Oregon...
How Nevada’s economy lost $18bn during the 2008 Great Recession
The real gross domestic product of the US peaked in 2007 Q4 before the 2008 Financial Crisis precipitated what is now known as the Great Recession, when $634bn of Real Gross Domestic Product (Real GDP) was lost from the US economy before it bottomed out in 2009 Q2. The US...
How Hawaii's Economy Lost $3.2bn During The 2008 Great Recession
The 2008 Financial Crisis precipitated what has become known as the Great Recession that resulted in $634bn being wiped off the US economy, equivalent to a fall of 4.3% from the economy’s peak in 2007 Q4 to its lowest point in 2009 Q2. Hawaii’s economy didn’t escape as it fell by...
How California’s Economy Lost $121bn During the 2008 Great Recession
During the 2008 recession the US economy lost $634bn in real gross domestic product between the economy’s peak in 2007 Q4 and the end of the recession in 2009 Q2, a decline of 4.3%. In that same eighteen month period California’s economy fell by 6% wiping $121bn from its Real...
Alaska’s economy grew by 11.8% during the 2008 Great Recession
Alaska’s economy was one of only 12 state economies that actually grew during the recession brought on by the 2008 financial crisis, outshining them all with an 11.8% increase in Real Gross Domestic Product (Real GDP) during the 2008 Great Recession which began at the end of Q4 in 2007...
Southwest Gross Domestic Product increased to $2.2tn in 2015
Southwest Gross Domestic Product (GDP) was $2.2tn in 2015, up from $880bn in 1997, an increase of 150% and the highest rate of growth in of the eight regions for this eighteen year period. USA GDP grew by 110% in the same period and for comparison purposes the Great Lakes regional...
Southeast Gross Domestic Product was $3.8tn in 2015
Southeast Gross Domestic Product (GDP) increased to $3.8tn in 2015 from $1.8tn in 1997, a 108% increase over this 18 year period. The Southeast accounted for 21% of the national economy in 2015. The government sector made up 14% of the GDP, and the private sector 86%, split 67% from the service...
Rocky Mountain Gross Domestic Product increased to $613bn in 2015
The Rocky Mountain Gross Domestic Product (GDP) increased to $613bn in 2015 from $256bn in 1997, an increase of 139%, making it the second fastest growing economy out of eight regions over this eighteen year period. The government sector made up 13% of GDP, and the private sector 87%, 67%...
