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

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reported Tuesday, suggesting that the recession's impactr hit Colorado later than most other partxs ofthe country. Gross domestic product in Coloradio grewby 2.9 percent in up from 2.0 percent in 2007 and 2.7 perceng in 2006, the Commerce Department'xs Bureau of Economic Analysis (BEA) reported in its annua state-by-state breakdown of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highesty among the 50 states, exceeded only by Nortu Dakota (7.3 percent growth), Wyoming (4.4 and South Dakota (3.5 percent). The last year Colorado'se economy grew faster than 2008 wasin 2005, with a 4.3 percentg GDP increase that year, BEA said.
Colorado was one of only 12 statesx in 2008 where the rate of growth of GDP increased from theprevious year. In fact, 12 statesx experienced GDP declinesin 2008, led by Alaska with a 2.0 percentt drop. Average growth in GDP among the 50 statee slowedfrom 2.0 percent in 2007 to 0.7 percentg in 2008. (The GDP-by-state figures differ from nationa GDP becausedifferent state-by-state methodologyy is used.) The nationwide recessiom officially began at the start of 2008. The reporf said the biggest contributors to the growthof Colorado's GDP in 2008 were professionapl and technical services, followed by mining, informatiob and government.
It said the bigges t drags on the state'x economy were construction, followed by transportationb and warehousing. .