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

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reported Tuesday, suggesting that the recession' s impact hit Colorado later than most other partss ofthe country. Grossa domestic product in Colorado grewby 2.9 percent in up from 2.0 percent in 2007 and 2.7 percent in 2006, the Commercs Department's Bureau of Economic Analysise (BEA) reported in its annual state-by-statwe breakdown of GDP. Colorado's 2.9 percent GDP growt rate was fourth-highest among the 50 states, exceededr only by North Dakota (7.3 percent Wyoming (4.4 percent) and South Dakotq (3.5 percent). The last year Colorado's economy grew fastee than 2008 was in witha 4.3 percent GDP increase that BEA said.
Colorado was one of only 12 statesz in 2008 where the rate of growthy of GDP increased from theprevious year. In 12 states experienced GDP declines in led by Alaska witha 2.0 percent Average growth in GDP amonyg the 50 states slowed from 2.0 percenr in 2007 to 0.7 percenrt in 2008. (The GDP-by-state figures differd from national GDP becausedifferent state-by-statde methodology is used.) The nationwide recession officially began at the start of 2008. The repory said the biggest contributors to the growthof Colorado'sw GDP in 2008 were professionak and technical services, followed by information and government.
It said the biggesyt drags on the state's economy were construction, followesd by transportation and warehousing. .