US Rocky Mountain Economic Region Gross Domestic Product (GDP) 2016 Q3 by State (BEA Component Id 200)In the Rocky Mountain Economic Region, private goods-producing industries contributed 21.5% to the region’s gross domestic product (GDP) in 1997, but this had fallen to 20.4% by 2015, a 5.1% fall in its share.
Nationally the GDP for private goods producing industries fell from 22.6% to 19% in the same period, a decline of 15.9%. This means that goods producing industries have declined at a slower rate in the Rocky Mountain region, and its share of the regional economy is above the national average.
The Index in the table below confirms that the goods-producing industries grew by 126% in dollar terms (Index 226 – 1997 100) in the Rocky Mountain region but by 75% nationally.
TABLE: Gross Domestic Product Ratio For Private Goods Production By State 1997 & 2015
The table below displays 4 columns of data for the gross domestic product of the private goods-producing industries.
- 2015: The percentage of the State’s GDP in 2015 from goods-producing industries;
- 1997: The percentage of the State’s GDP in 1997 from goods-producing industries;
- +/- 97/15: The points difference between columns 1 and 2;
- % Change: The percentage difference between columns 1 and 2;
- Index 97 -100: In $ terms, if the GDP of goods-producing industries was equal to 100 in 1997, what is it today? Using this index the relative performance by state since 1997 can be compared and understood. (e.g. If the reading is 150, it means the GDP in $ terms has increased by 50%. If another state has a reading of 200, it means it is performing twice as well as the state with a reading of 150.)
| State | Region | 2015 | 1997 | +/- 1997-2015 | % Change | Index 97 =100 |
|---|---|---|---|---|---|---|
| Alabama | Southeast | 24.0% | 26.3% | -2.4% | -9.0% | 174 |
| Alaska | Far West | 28.0% | 31.8% | -3.8% | -12.1% | 182 |
| Arizona | Southwest | 14.6% | 23.8% | -9.2% | -38.5% | 135 |
| Arkansas | Southeast | 23.8% | 31.7% | -8.0% | -25.1% | 147 |
| California | Far West | 16.7% | 20.2% | -3.5% | -17.2% | 190 |
| Colorado | Rocky Mountain | 17.8% | 18.6% | -0.8% | -4.5% | 221 |
| Connecticut | New England | 13.9% | 18.7% | -4.8% | -25.6% | 134 |
| Delaware | Mideast | 11.3% | 16.8% | -5.5% | -32.5% | 138 |
| District of Columbia | Mideast | 1.5% | 1.5% | 0.0% | 3.3% | 245 |
| Florida | Southeast | 10.5% | 13.8% | -3.4% | -24.2% | 167 |
| Georgia | Southeast | 15.8% | 22.1% | -6.3% | -28.5% | 147 |
| Hawaii | Far West | 8.6% | 7.5% | 1.1% | 15.0% | 246 |
| Idaho | Rocky Mountain | 23.8% | 26.8% | -3.0% | -11.2% | 197 |
| Illinois | Great Lakes | 17.5% | 21.9% | -4.4% | -20.1% | 147 |
| Indiana | Great Lakes | 35.6% | 35.9% | -0.3% | -0.9% | 193 |
| Iowa | Plains | 29.0% | 32.6% | -3.6% | -11.1% | 185 |
| Kansas | Plains | 22.5% | 25.6% | -3.1% | -12.0% | 175 |
| Kentucky | Southeast | 26.8% | 35.2% | -8.3% | -23.7% | 141 |
| Louisiana | Southeast | 33.2% | 31.3% | 1.9% | 6.2% | 215 |
| Maine | New England | 15.2% | 20.8% | -5.6% | -26.8% | 137 |
| Maryland | Mideast | 10.3% | 14.1% | -3.8% | -26.7% | 166 |
| Massachusetts | New England | 13.8% | 18.8% | -5.1% | -26.9% | 149 |
| Michigan | Great Lakes | 24.7% | 29.2% | -4.5% | -15.5% | 131 |
| Minnesota | Plains | 21.4% | 22.9% | -1.5% | -6.6% | 195 |
| Mississippi | Southeast | 23.4% | 28.6% | -5.1% | -18.0% | 149 |
| Missouri | Plains | 18.3% | 23.5% | -5.2% | -22.2% | 140 |
| Montana | Rocky Mountain | 21.3% | 20.6% | 0.7% | 3.4% | 244 |
| Nebraska | Plains | 23.3% | 24.5% | -1.2% | -5.0% | 213 |
| Nevada | Far West | 11.6% | 17.0% | -5.4% | -31.6% | 159 |
| New Hampshire | New England | 14.4% | 26.6% | -12.2% | -45.9% | 104 |
| New Jersey | Mideast | 12.1% | 18.3% | -6.2% | -34.0% | 122 |
| New Mexico | Southwest | 19.5% | 31.4% | -11.9% | -37.9% | 110 |
| New York | Mideast | 8.5% | 11.0% | -2.5% | -22.4% | 156 |
| North Carolina | Southeast | 24.6% | 33.9% | -9.3% | -27.6% | 154 |
| North Dakota | Plains | 33.2% | 21.2% | 12.0% | 56.7% | 555 |
| Ohio | Great Lakes | 23.4% | 29.6% | -6.2% | -20.9% | 141 |
| Oklahoma | Southwest | 28.3% | 25.8% | 2.4% | 9.4% | 255 |
| Oregon | Far West | 28.5% | 27.8% | 0.8% | 2.8% | 222 |
| Pennsylvania | Mideast | 19.2% | 24.4% | -5.2% | -21.4% | 157 |
| Rhode Island | New England | 12.2% | 18.9% | -6.7% | -35.3% | 125 |
| South Carolina | Southeast | 22.1% | 29.1% | -7.0% | -24.1% | 155 |
| South Dakota | Plains | 21.5% | 26.2% | -4.7% | -18.0% | 202 |
| Tennessee | Southeast | 20.9% | 26.8% | -5.9% | -21.9% | 159 |
| Texas | Southwest | 29.7% | 28.1% | 1.6% | 5.6% | 280 |
| Utah | Rocky Mountain | 20.2% | 22.9% | -2.6% | -11.5% | 229 |
| Vermont | New England | 14.7% | 22.4% | -7.7% | -34.3% | 127 |
| Virginia | Southeast | 13.8% | 18.4% | -4.6% | -25.1% | 165 |
| Washington | Far West | 18.8% | 22.0% | -3.2% | -14.7% | 196 |
| West Virginia | Southeast | 29.4% | 28.6% | 0.7% | 2.6% | 197 |
| Wisconsin | Great Lakes | 25.0% | 31.0% | -5.9% | -19.1% | 157 |
| Wyoming | Rocky Mountain | 35.4% | 34.1% | 1.3% | 3.7% | 281 |
| New England | New England | 13.9% | 19.6% | -5.7% | -29.1% | 138 |
| Mideast | Mideast | 11.5% | 15.5% | -4.0% | -25.8% | 150 |
| Far West | Far West | 17.5% | 20.7% | -3.2% | -15.5% | 193 |
| Southeast | Southeast | 19.0% | 24.4% | -5.4% | -22.1% | 162 |
| Great Lakes | Great Lakes | 23.6% | 28.1% | -4.5% | -16.0% | 150 |
| Rocky Mountain | Rocky Mountain | 20.4% | 21.5% | -1.1% | -5.1% | 226 |
| USA | USA | 19.0% | 22.6% | -3.6% | -15.9% | 176 |
| Plains | Plains | 22.6% | 25.1% | -2.5% | -10.0% | 186 |
| Southwest | Southwest | 27.2% | 27.5% | -0.3% | -1.1% | 247 |
Colorado’s GDP from goods-producing industries is down to 17.8%
The 2015 value of Colorado’s GDP from goods-producing industries at 17.8% is below average for the Rocky Mountain region, but by declining 4.3% since 1997, it is falling a little slower than the region’s average.
As was noted in some of the Plains states, the goods-producing industries share of Colorado’s GDP actually increased to 19.1% in 2007 from 18.6% in 1997, before falling to 17.8% in 2015. The decline in share has therefore all occurred since 2015.
The Index of 221 confirms the value of Colorado’s goods-production is increasing well above the national average (176) and in line with the regional average of 226.
The value of Colorado’s GDP in 2016 Q3 was $325bn, the 19th largest in the country, just behind Tennessee and above Wisconsin. Colorado’s economy is bigger than the combined economies of the other states in the Rocky Mountain region, so it will have a significant impact on the regional statistics.
Idaho’s GDP from goods-producing industries is down to 23.8%
The 2015 value of Idaho’s GDP from goods-producing industries at 23.8% is above the average for the Rocky Mountain region, but by declining 11.2% since 1997, it is falling twice as fast as the region’s average.
The Index of 197 confirms the value of Idaho’s goods-production is increasing above the national average (176) but is down on the regional average of 226.
The value of Idaho’s GDP in 2016 Q3 was $68bn, the 9th smallest in the country, ahead of Maine and behind Delaware.
Montana’s GDP from goods-producing industries is down to 21.3%
The 2015 value of Montana’s GDP from goods-producing industries at 21.3% is just above the average for the Rocky Mountain region. Montana is one of only 10 states where the 2015 share is up on 1997, increasing from 20.6%, or 3.3%.
The Index of 244 confirms the value of Montana’s goods-production is increasing above the national average (176) and the regional average of 226.
The value of Montana’s GDP in 2016 Q3 was $46bn, the 3rd smallest in the country, ahead of Wyoming and behind South Dakota.
Utah’s GDP from goods-producing industries is down to 20.2%
The 2015 value of Utah’s GDP from goods-producing industries at 20.2% is just below the average for the Rocky Mountain region. This has declined 11.7% since 1997 from 22.9%, twice as fast as the region’s average.
The Index of 229 confirms the value of Utah’s goods-production is increasing above the national average (176) and is similar to the regional average of 226.
The value of Utah’s GDP in 2016 Q3 was $157bn, the 31st largest in the country, ahead of Kansas and behind Iowa. It accounts for 25% of the Rocky Mountain regional economy.
Wyoming’s GDP from goods-producing industries is down to 35.4%
The 2015 value of /Wyoming’s GDP from goods-producing industries at 35.4% is just above the average for the Rocky Mountain region. Wyoming is one of only 10 states where the 2015 share is up on 1997, increasing from 34.1%, or 3.8%.
The Index of 281 confirms Wyoming’s goods-production is increasing well above the national average (176) and the regional average of 226. This is the second largest increase, behind North Dakota (555) and similar to Texas (280).
The value of Wyoming’s GDP in 2016 Q3 was $38bn, the 2nd smallest in the country, ahead of Vermont and behind Montana and South Dakota.
