The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) decreased at an annual rate of 1.6% in Q1 2022. Their data show that GDP decreased in 46 states and the District of Columbia.
“Mining, quarrying, and oil and gas extraction contributed to decreases in 49 states. This industry was the leading contributor to the decreases in 10 states, including Wyoming, Alaska, North Dakota, West Virginia, and New Mexico—the 5 states with the largest decreases in real GDP.”
Click here to read the full report at the Bureau of Economic Analysis.
