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No economic growth in Maryland last year, federal agency says

Gross Domestic ProductEconomic IndicatorU.S. Department of Commerce

Maryland's economy didn't grow last year, according to gross domestic product estimates released Wednesday.

The state's GDP remained unchanged, ranking it near the bottom of the country, the U.S. Department of Commerce said. GDP growth was worse only in Washington, D.C., where it fell by half a percent, and in Alaska, down 2.5 percent.

Government was the sector that took the largest bite out of Maryland's economy last year. Federal budget cuts rippled through the region, creating drag on neighboring states as well.

The figures are advance estimates and will likely be revised as more data flows in. Maryland's GDP grew by 1.2 percent in 2012 — half the original estimate — and 1.7 percent the year before.

jhopkins@baltsun.com

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Gross Domestic ProductEconomic IndicatorU.S. Department of Commerce
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