Vermont’s economy second-fastest growing in nation

first_imgIn the third quarter of 2009, Vermont’s gross state product went up 5.3 percent over the previous quarter. This increase ties Vermont with Washington, DC, at second place nationwide in terms of growth. New Hampshire saw a 3.8 percent climb this quarter, and sits at ninth place. The US average was 2.2 percent.Vermont’s quarterly real gross state product in this quarter, seasonally adjusted, was $23.8 billion at constant 2005 prices. In the second quarter, the state’s GSP was $23.5 billion. Vermont’s GSP dropped by a 0.1 percent annual rate in the third quarter from the same quarter a year ago.Growth Across the NationQuarterly Gross State Product (GSP) Briefing, February 2010Gross State Product (GSP)Rank Vermont GSP, Third Quarter of 200915.825.335.344.854.664.474.283.993.8103.8113.8123.6133.6143.5153.4163.0173.0182.8192.7202.7212.7222.5232.5242.4252.4262.4272.3282.3292.2302.2312.2321.9331.6341.6351.5361.3371.2381.0Vermont’s Quarterly State Accounts @ a Glance391.0400.9Third Quarter of 2009410.8420.8Gross State ProductSeasonally Adjusted Annual RatesGrowth & Inflation430.6or State GDP GSP / GDP in Billions of DollarsPercent Change in440.5State & NationalLatest Quarter AgoYear Ago Third Quarter of 2009 from450.4Statistics2009:Q32009:Q22008:Q3Quarter AgoYear Ago 460.1Vermont 51-3.5● Real GDP*$12,973$12,902$13,3252.2%-2.6% 2.2    *Chained 2005 dollars.   **Current Dollars.   ***Index, 2005=100.*Annual % change from the previous quarter in GSP at 2005 chained dollars.Source: US GDP, Department of Commerce.  State GSP, also called state GDP, from ‘Quarterly GSP Trends,’ Vol. V, No.3, February 2010, by, Durham NH, USA.Source: is external) 2.25.2010. 47-0.3● Real GSP*$23.8$23.5$23.85.3%-0.1%48-0.4● Nominal GSP**$25.7$25.5$25.52.7%0.5%49-0.9● GSP Price Index***107.8108.5107.3-2.4%0.5%50-1.2United States last_img