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[7][6], Map of the U.S. states and the District of Columbia by GDP in million, List of North American subdivisions by GDP. Economy in Seattle, Washington. Washington also ranked second in the nation in production of lentils, fall potatoes, dry edible peas, apricots, grapes (all varieties taken together), asparagus (over a third of the nation's production), sweet corn for processing, and green peas for processing; third in tart cherries, prunes and plums, and dry summer onions; fourth in barley and trout; and fifth in wheat, cranberries, and strawberries. Over the 5 years ending in 2016 the Washington economy grew in real terms by 15.63% at a compound annual growth rate of 2.95% per year. United States Census Bureau.
Privacy policy. https://fred.stlouisfed.org/series/WANGSP,
This sector focuses on three key issues: mitigating military downsizing across the state, advocating for the sector in-state and out of state, and addressing the challenges and opportunities for growth with a focus on base realignment and closure (BRAC) and the successful transition of service members to civilian life. September 23, 2020. The District of Columbia isn’t a state and is invisible on GeoFRED maps of the U.S., but in many respects it’s treated like a state. The aerospace industry is a major economic driver for the state. It continues to be the most important revenue source for public schools, fire protection, libraries, parks and recreation, and other special-purpose districts. Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. The military and defense sector employs the second-largest number of people in Washington, with more than 127,000 active duty, reserve, guard and civilian personnel. Focusing on the aerospace, agriculture/food manufacturing, clean technology, information and communication technology, forest products, life science/global health, maritime, and military/defense sectors, Commerce’s Sector Leads work closely with the governor, industry and government leaders to forge and promote public-private partnerships, enhance the workforce for the 21st century in targeted, high-growth industries, and advance broad stroke strategies that support small business growth and expansion statewide. [9] This however was overturned by 2011's Initiative 1183 which ceased state-run liquor stores as of June 1, 2012. There has been a 50 per cent increase in home prices in Seattle in the past five years, but the median home value is still less than in San Francisco and Los Angeles.
Factoring in pulp and paper and value-added wood products (such as doors, window frames and stairs), forest products is the 3rd largest manufacturing sector in Washington.
Washington GDP was $469,739,000,000 in 2016 according to BEA data.
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