PROVIDENCE – Rhode Island gross domestic product increased at an annual rate of 35.5% in the third quarter, faster than the national annualized growth rate of 33.4%, the Bureau of Economic Analysis said on Wednesday.
Rhode Island GDP had declined at a 32.4% annualized rate in the second quarter.
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The Ocean State’s GDP increase in the third quarter was the third-lowest rate in New England. Annualized growth rates in the United States ranged from 19.2% in Washington D.C. to 52.2% in Nevada.
Overall, New England GDP increased at a 34.2% annualized rate in the quarter.
Other annualized GDP growth rates in New England in the third quarter:
- Connecticut: 32.6%
- Massachusetts: 33.1%
- Maine: 37.3%
- New Hampshire: 40.9%
- Vermont: 43%
This story was corrected to reflect that the Rhode Island GDP expanded at a faster rate than the national rate in the third quarter.
