Colorado's economy grew faster in 2008, despite recession - Triangle Business Journal:

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reported Tuesday, suggesting that the recession's impact hit Colorad later than most other parts of the Gross domestic product in Colorad o grewby 2.9 percent in 2008, up from 2.0 percent in 2007 and 2.7 percengt in 2006, the Commerce Department's Bureahu of Economic Analysis (BEA) reported in its annual state-by-statw breakdown of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highesg among the 50 states, exceeded only by North Dakotwa (7.3 percent growth), Wyoming (4.4 percent) and South Dakotqa (3.5 percent). The last year Colorado's economu grew faster than 2008 was in witha 4.
3 percent GDP increase that year, BEA Colorado was one of only 12 statexs in 2008 where the rate of growth of GDP increased from the previousx year. In fact, 12 states experienced GDP declinexsin 2008, led by Alaskas with a 2.0 percent drop. Averagd growth in GDP among the 50 states sloweedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-statee figures differ from national GDP becausedifferenyt state-by-state methodology is used.) The nationwide recessionh officially began at the start of 2008. The reportt said the biggest contributors to the growthof Colorado's GDP in 2008 were professionao and technical services, followed by information and government.
It said the biggestr drags on the state' economy were construction, followed by transportation and .