Washington County posts fastest GDP rise in R.I. in 2018

WASHINGTON COUNTY had the fastest GDP growth rate in Rhode Island in 2018 at 5.3%. / COURTESY BUREAU OF ECONOMIC ANALYSIS
WASHINGTON COUNTY had the fastest GDP growth rate in Rhode Island in 2018 at 5.3%. / COURTESY BUREAU OF ECONOMIC ANALYSIS

PROVIDENCE – Real gross domestic product in Washington County increased faster than any other county in the state in 2018, rising 5.3% year over year, the Bureau of Economic Analysis said on Thursday.

The report measured GDP in chained 2012 dollars. The state was said to have a total of $53.6 billion in chained dollars fore the year, a 1.2% increase year over year.

The United States experienced a 2.9% increase year over year to $18.6 trillion in chained dollars, which adjust real dollar amounts for inflation over time.

Washington County was reported to have the third largest GDP of any county in the state in 2018 at $6.3 billion in chained dollars. The largest GDP in the state of all counties was in Providence County at $32.4 billion in chained dollars. Providence County also experienced a 0.1% increase year over year, the lowest of all Rhode Island counties.

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Other Rhode Island counties’ GDP growth in 2018 (in chained 2012 dollars):

  • Kent County GDP increased 2.1% year over year to $8.1 billion.
  • Newport County GDP increased 1.8% year over year to $5.3 billion.
  • Bristol County GDP increased 1.2% over the year to $1.5 billion.

In Bristol County, Mass., GDP increased 1.1% to $23.9 billion in chained 2012 dollars.

The BEA said that GDP increased in 2,375 counties nationally in 2018, declined in 717 counties and remained unchanged in 21.

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