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Maryland GDP lags nation in 2013

Maryland trailed the national economy in three of four quarters last year, according to gross domestic product figures released Wednesday by the U.S. Bureau of Economic Analysis.

The state's real GDP was unchanged in 2013, compared to 1.8 percent growth in the nation.

For the first time, the bureau released state data broken down by quarter. It showed that in the first quarter of 2013 — the only period it topped the national average — Maryland's economy grew 2.6 percent, versus 1.1 percent in the nation as a whole.

The private sector represented nearly 80 percent of real GDP at the end of year, with government contributing about a fifth. Real estate was the second-largest single industry behind government, contributing just over 16 percent of the state's real GDP.

In the October-to-December quarter growth in three sectors — professional, scientific and technical services; real estate, rental and leasing; and the manufacture of non-durable goods — helped lift real GDP 2.3 percent compared to the previous three months. But Maryland still lagged the nationwide average of 2.8 percent, ranking 34th out of 50 states and Washington.

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