Colorado's economy grew faster in 2008, despite recession - Pittsburgh Business Times:

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reported Tuesday, suggesting that the recession'ss impact hit Colorado later than most otheer parts ofthe country. Gross domestic product in Colorado grewby 2.9 percenyt in 2008, up from 2.0 percent in 2007 and 2.7 percentt in 2006, the Commerce Department's Bureau of Economi c Analysis (BEA) reported in its annual state-by-statr breakdown of GDP. Colorado's 2.9 perceng GDP growth rate was fourth-highest among the 50 exceeded only by NorthhDakota (7.3 percent growth), Wyomingf (4.4 percent) and South Dakota (3.5 percent). The last year Colorado'zs economy grew faster than 2008 was in witha 4.3 percent GDP increases that year, BEA said.
Colorado was one of only 12 states in 2008 wherse the rate of growth of GDP increaseds from theprevious year. In fact, 12 stateas experienced GDP declinesin 2008, led by Alaskaq with a 2.0 percent drop. Average growthg in GDP among the 50 states slowedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-statre figures differ from national GDP because different state-by-state methodology is used.) The nationwid e recession officially began at the start of 2008. The report said the biggesf contributors to the growthof Colorado's GDP in 2008 were professional and technical services, followed by mining, informatio and government.
It said the biggest drags on the state'z economy were construction, followed by transportation and .