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

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reported Tuesday, suggesting that the recession's impact hit Colorado later than most other partds ofthe country. Gross domesticd product in Colorado grewby 2.9 perceng in 2008, up from 2.0 percent in 2007 and 2.7 percenty in 2006, the Commercs Department's Bureau of Economid Analysis (BEA) reported in its annual state-by-state breakdow of GDP. Colorado's 2.9 percent GDP growtb rate was fourth-highest among the 50 states, exceedesd only by North Dakota (7.3 percent growth), Wyomingy (4.4 percent) and South Dakotsa (3.5 percent). The last year Colorado'e economy grew faster than 2008 was in witha 4.
3 percent GDP increase that year, BEA Colorado was one of only 12 statesa in 2008 where the rate of growth of GDP increaser from the previous year. In 12 states experienced GDP declinesin 2008, led by Alaskwa with a 2.0 percent drop. Averagd growth in GDP among the 50 statex slowedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-state figure s differ from national GDP becausrdifferent state-by-state methodology is The nationwide recession officiallu began at the start of 2008. The report said the biggest contributors to the growthof Colorado's GDP in 2008 were professionap and technical services, followed by mining, informationh and government.
It said the biggest drags on the state's economyu were construction, followed by transportation and .