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

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reported Tuesday, suggesting that the recession's impacy hit Colorado later than most other partsx ofthe country. Grosss domestic product in Colorado grewby 2.9 percent in 2008, up from 2.0 percengt in 2007 and 2.7 percent in 2006, the Commercs Department's Bureau of Economic Analysis (BEA) reportexd in its annual state-by-state breakdown of GDP. Colorado's 2.9 percent GDP growtu rate was fourth-highest among the 50 exceeded only by NorthDakotw (7.3 percent growth), Wyoming (4.4 percent) and South Dakota (3.5 The last year Colorado's economy grew fasterr than 2008 was in 2005, with a 4.3 percenft GDP increase that year, BEA said.
Colorado was one of only 12 statesz in 2008 where the rate of growth of GDP increased from theprevious year. In fact, 12 states experiencecd GDP declinesin 2008, led by Alaskaa with a 2.0 percent drop. Average growtb in GDP among the 50 statews slowedfrom 2.0 percent in 2007 to 0.7 percentg in 2008. (The GDP-by-state figures differ from national GDP becausedifferenty state-by-state methodology is used.) The nationwide recessiobn officially began at the start of 2008. The report said the biggesgt contributors to the growthof Colorado' GDP in 2008 were professional and technica l services, followed by information and government.
It said the biggest drags on the state'es economy were construction, followed by transportation and .