New Mexico sees one of largest GDP decreases in country

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(The Center Square) - New Mexico had one of the largest decreases in gross domestic product (GDP) among states in this year's first quarter.

The state's GDP shrank 4.7 percent from January to March, according to data released Thursday by the Bureau of Economic Analysis (BEA). Only Wyoming, Alaska, North Dakota, and West Virginia had larger GDP decreases.

46 states saw GDP decline in first quarter of this year

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(The Center Square) - Forty-six of the 50 U.S. states saw a decline in gross domestic product in the first quarter of 2022, newly released federal data shows.

The Bureau of Economic Analysis reported Thursday that only Massachusetts, Michigan, New Hampshire and Vermont bucked the trend with increases in GDP in the first three months of this year.