Joseph Spector

TJN

New York's real gross domestic product ranked 46th in the nation in 2013, down from 27th in 2012, according to the federal Bureau of Economic Analysis today.

The GDP -- the value of all goods and services produced in a given year in a state -- grew at 1.8 percent nationally in 2013, down from a 2.5 percent increase in 2012.

In New York, the increase was 0.7 percent in 2013, down from 1.7 percent in 2012, according to the BEA. New Jersey ranked 37th and Pennsylvania ranked 47th. Ranked first was North Dakota, followed by Wyoming and West Virginia.

Nondurable–goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth in 2012, the analysis found.

In New York, the largest drop off was in government, down -0.14 percent, and finance and insurance, down -0.13 percent.

The largest growth were in professional, scientific, and technical services, up 0.21 percent, and health care and social assistance, also up 0.21 percent. Retail trade was up 0.16 percent.