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

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reported Tuesday, suggesting that the recession's impacr hit Colorado later than most othet parts ofthe country. Gross domestic producgt in Colorado grewby 2.9 percent in 2008, up from 2.0 percenrt in 2007 and 2.7 percenty in 2006, the Commerce Department's Bureah of Economic Analysis (BEA) reported in its annual state-by-state breakdowbn of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highesyt among the 50 states, exceeded only by Nortyh Dakota (7.3 percent growth), Wyoming (4.4 and South Dakota (3.5 percent). The last year Colorado's economy grew faster than 2008 wasin 2005, with a 4.3 percentg GDP increase that year, BEA said.
Colorado was one of only 12 states in 2008 where the rate of growt h of GDP increased from the previous In fact, 12 states experienced GDP declines in led by Alaska with a 2.0 percenty drop. Average growth in GDP amony the 50 states slowedfrom 2.0 percent in 2007 to 0.7 percen in 2008. (The GDP-by-statwe figures differ from nationalp GDP becausedifferent state-by-state methodologt is used.) The nationwide recession officially bega n at the start of 2008. The report said the biggest contributors to the growthof Colorado's GDP in 2008 were professional and technicaol services, followed by mining, information and government.
It said the biggest drags on the state'sw economy were construction, followed by transportatiom and warehousing. .