Connecticut’s 2015 gross domestic product increase lagged well behind the national and regional averages, according to stats released Tuesday by the Bureau of Economic Analysis.
For 2015, Connecticut’s GDP increased 0.6 percent.. In 2014, the state’s GDP had grown at a rate of 1.2 percent.
The national GDP increase was 2.4 percent while New England as a region saw growth of 1.3 percent. Vermont had the lowest growth at 0.2 percent followed by Maine at 0.4 percent.
Connecticut was buoyed by a fourth quarter that experienced growth of 1.7 percent, equal to the national growth rate and 23rd best in the country.
Connecticut’s GDP for the fourth quarter was approximately $260.6 billion. That’s up from $253.2 billion in the fourth quarter of 2014. The state’s GDP continues to be 1.4 percent of the national numbers.
Real GDP increased in 41 states and the District of Columbia in the fourth quarter of 2015, according to the Bureau of Economic Analysis. Real GDP by state growth, at an annual rate, ranged from 3 percent in Indiana to -3.4 percent in Wyoming. Information; construction; and professional, scientific, and technical services were the leading contributors to real U.S. economic growth in the fourth quarter.
