After a tumultuous 2020, preliminary Real Growth Domestic Product (GDP) looks to close out 2021 with a major rebound. On average, Tenth District (District)* states have fared slightly worse than the rest of the U.S.
Despite the drag of COVID-19 on the travel industry, Colorado has proven most resilient among District states. Housing, construction and population growth continues to boom, while tech and information-driven industries have kept Colorado afloat. Colorado's 6% GDP growth was 26th among U.S. states in the fourth quarter 2021.
Until fourth quarter 2021, the agricultural and manufacturing-focused states of Kansas and Nebraska generally managed more favorably than the rest of the country during 2021’s recovery. However, weakness in agriculture, forestry, fishing and hunting served as a major drag to the “Plains,” dropping Kansas and Nebraska’s real GDP growth by 4% and 5.6%, respectively.