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

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reported Tuesday, suggesting that the recession's impact hit Coloradk later than most other partsd ofthe country. Grossx domestic product in Colorado grewby 2.9 percenr in 2008, up from 2.0 percentg in 2007 and 2.7 percent in the Commerce Department's Bureau of Economic Analysix (BEA) reported in its annual state-by-stated breakdown of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highestf among the 50 states, exceeded only by North Dakot a (7.3 percent growth), Wyoming (4.4 percent) and Soutyh Dakota (3.5 percent). The last year Colorado'd economy grew faster than 2008 was in witha 4.3 percent GDP increas e that year, BEA said.
Colorado was one of only 12 statew in 2008 where the rate of growth of GDP increasecd from theprevious year. In fact, 12 states experienced GDP declinexsin 2008, led by Alaska with a 2.0 percent drop. Averagew growth in GDP among the 50 states slowedfrom 2.0 percenty in 2007 to 0.7 percent in 2008. (The GDP-by-stater figures differ from national GDP becausedifferent state-by-state methodology is used.) The nationwide recession officially bega at the start of 2008.
The report said the biggest contributoras to the growthof Colorado's GDP in 2008 were professional and technicaol services, followed by mining, information and It said the biggest drags on the state' economy were construction, followeds by transportation and warehousing. .