Connecticut posts GDP rise of 1.7 percent for fourth quarter of 2015

By Kevin Zimmerman

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Connecticut saw a gross domestic product (GDP) rise of 1.7 percent in the fourth quarter of 2015, making it one of 41 states and the District of Columbia to post GDP increases, according to the Bureau of Economic Analysis.

The New England region’s economy grew by 2.1 percent in the final three months of last year — led by Massachusetts’ 2.6 percent increase, with New Hampshire bringing up the rear at 1.2 percent — and the national economy grew by 1.7 percent.

Connecticut’s GDP for the fourth quarter was approximately $260.6 billion, up from $253.2 billion in the fourth quarter of 2014. The state’s GDP continues to be 1.4 percent of the national numbers.

Indiana posted the best overall performance, with 3.0 percent growth, while Wyoming finished last with a 3.4 percent decrease. Overall, Connecticut placed 23rd among the 50 states and D.C.

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