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

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reported Tuesday, suggesting that the recession'w impact hit Colorado later than most other parts of the Gross domestic product in Colorado grewby 2.9 percengt in 2008, up from 2.0 percent in 2007 and 2.7 percenft in 2006, the Commerce Department's Bureahu of Economic Analysis reported in its annual state-by-state breakdown of GDP. Colorado'w 2.9 percent GDP growth rate was fourth-highest among the 50 exceeded only by NorthDakotaw (7.3 percent growth), Wyominfg (4.4 percent) and South Dakota (3.5 percent). The last year Colorado'ss economy grew faster than 2008 was in witha 4.
3 percent GDP increase that year, BEA Colorado was one of only 12 states in 2008 wher e the rate of growth of GDP increasef from the previous year. In fact, 12 statee experienced GDP declinesin 2008, led by Alaskaa with a 2.0 percent drop. Averages growth in GDP among the 50 states slowedfrom 2.0 percentg in 2007 to 0.7 percent in 2008. (The GDP-by-statse figures differ from nationap GDP becausedifferent state-by-state methodologt is used.) The nationwide recessioh officially began at the star of 2008. The report said the biggest contributorsa to the growthof Colorado's GDP in 2008 were professionao and technical services, followed by information and government.
It said the biggest drags on the state'zs economy were construction, followed by transportation and .