Leading, Slipping, Gaining, Lagging Analysis:
Assessing Retail Trade Gross Domestic Product Growth
Across States
Real* Retail Trade
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2021 and 2021
Real* Retail Trade
Gross Domestic Product Growth
U.S.:
2010-2021 = 4.44%
2021 = 15.25%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real retail trade gross domestic product growth across all 51 states. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this United States Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real retail trade gross domestic product growth of all 51 states over the latest available year (2021) against the backdrop of their growth over the long term period (2010-2021). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Retail Trade
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2021 and 2021
Real* Retail Trade
Gross Domestic Product Growth
U.S.:
2010-2021 = 4.44%
2021 = 15.25%
This figure displays the 51 states of the United States as dots on a scattergram, with the vertical axis representing the average annual real retail trade gross domestic product growth rate over the long-term period (2010-2021), and the horizontal axis representing the real retail trade gross domestic product growth rate for the near-term (2021).
This figure sets apart those states whose long-term real retail trade gross domestic product growth exceeded the nationwide average of 4.44%, by portraying them in the top two quadrants demarcated at 4.44% on the vertical axis. State whose long-term average annual real retail trade gross domestic product growth rate trailed the nationwide average (4.44%) are distributed in the bottom two quadrants. In all, 15 states surpassed the nationwide average over 2010-2021, while 36 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 16 states whose most recent (2021) real retail trade gross domestic product growth rate exceeded the nationwide average (15.25%). The two quadrants on the left feature those 35 states whose real retail trade gross domestic product growth over 2021 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2021) and near-term (2021) performance relative to their respective nationwide averages of 4.44% over 2010-2021 and 15.25% over 2021:
Leading states () (top-right quadrant)...are states whose average annual real retail trade gross domestic product growth rate surpassed the nationwide average both long-term (4.44%) and near-term (15.25%).
Slipping states () (top-left quadrant)...are states whose long-term average annual real retail trade gross domestic product growth rate exceeded the nationwide average (4.44%), but whose near-term growth has "slipped" by falling below the the United States average (15.25%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual real retail trade gross domestic product growth rate fell below the nationwide average (4.44%), but whose near-term growth has "gained" by registering above the average (15.25%) nationwide.
Lagging states () (bottom-left quadrant)...are states whose average annual real retail trade gross domestic product growth rate fell under the nationwide average both long-term (4.44%) and near-term (15.25%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(15.25%)
Above
(15.25%)
 
Long
Term
Average
Above
(4.44%)
4
11
15
Below
(4.44%)
31
5
36
 
35
16
51
 
   
Leading States
2021 vs. 2010-2021 Averages
Leading States
white dot
U.S.:
2010-2021 = 4.44%
2021 = 15.25%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the United States states classified as Leading. These states surpassed the United States' average annual real retail trade gross domestic product growth both long-term (2010-2021 = 4.44%) as well as near-term (2021 = 15.25%). Each is identified by its corresponding ranking based on it's average annual real retail trade gross domestic product growth rate over 2010-2021.
Of the United States' 51 states, 11 (22%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2021 vs. 2010-2021 Averages
Slipping States
U.S.:
2010-2021 = 4.44%
2021 = 15.25%
This figure depicts the distribution of the 4 United States states classified as Slipping (top-left quadrant), in that their long-term average annual real retail trade gross domestic product growth rate outpaced the average nationwide (2010-2021 = 4.44%), while they trailed the nationwide average near-term (2021 = 15.25%). Again, each state is identified by it's corresponding ranking based on its average annual real retail trade gross domestic product growth rate over 2010-2021.
Only 4 (8%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2021 vs. 2010-2021 Averages
Gaining States
white dot
U.S.:
2010-2021 = 4.44%
2021 = 15.25%
This figure shows the distribution of the 5 United States states classified as Gaining (bottom-right quadrant), in that their long-term average annual real retail trade gross domestic product growth rate posted below the average nationwide (2010-2021 = 4.44%), while they outpaced the United States' average near-term (2021 = 15.25%). Again, each state is identified by its corresponding ranking based on its average annual real retail trade gross domestic product growth rate over 2010-2021.
Of the United States' 51 states, only 10% (5) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2021 vs. 2010-2021 Averages
Lagging States
white dot
U.S.:
2010-2021 = 4.44%
2021 = 15.25%
This figure depicts the distributions of the 31 United States states classified as Lagging (bottom-left quadrant). These states trailed the nationwide average annual real retail trade gross domestic product growth both long-term (2010-2021 = 4.44%) as well as near-term (2021 = 15.25%). Again, each state is identified by its corresponding ranking based on it's average annual real retail trade gross domestic product growth rate over 2010-2021.
61% of the United States' states, 31 of 51, are characterized here as Lagging (). Those states ranked by their long-term average include:
   
 
United States
Real* Retail Trade Gross Domestic Product Growth
State vs. Nationwide Average
 
2010-2021
 
2021
 
 
Leading States
 
13
4.63
 
5
17.91
186,465
 
6
5.14
 
7
17.26
93,915
 
4
5.74
 
1
19.86
8,358
 
14
4.54
 
3
18.47
4,239
 
3
5.99
 
2
18.79
15,153
 
7
5.13
 
6
17.29
38,019
 
8
5.10
 
16
15.60
15,242
 
12
4.74
 
4
18.02
30,353
 
5
5.28
 
8
16.84
120,352
 
2
6.48
 
11
16.29
15,990
 
1
9.89
 
10
16.39
68,202
Slipping States
 
10
5.05
 
19
14.66
31,861
 
9
5.06
 
29
13.56
24,511
 
15
4.54
 
25
14.04
39,916
 
11
4.86
 
39
12.81
3,601
Gaining States
 
41
3.28
 
12
16.27
16,417
 
36
3.48
 
14
16.09
37,210
 
25
3.82
 
13
16.19
42,438
 
44
3.19
 
9
16.43
7,090
 
28
3.74
 
15
15.85
4,139
Lagging States
 
30
3.71
 
35
13.21
18,116
 
48
2.89
 
48
10.80
2,729
 
20
4.13
 
17
15.19
10,899
 
46
3.10
 
24
14.05
3,311
 
16
4.38
 
51
3.00
1,722
 
32
3.68
 
37
12.99
6,577
 
31
3.70
 
21
14.47
52,090
 
27
3.75
 
31
13.43
24,061
 
43
3.19
 
46
11.30
11,518
 
39
3.43
 
41
12.31
11,790
 
29
3.73
 
43
12.00
14,652
 
47
2.90
 
32
13.37
18,217
 
34
3.61
 
27
13.76
6,414
 
26
3.77
 
22
14.46
23,144
 
21
4.07
 
18
15.08
27,259
 
19
4.18
 
44
11.93
22,701
 
38
3.43
 
34
13.22
10,621
 
40
3.40
 
30
13.48
22,702
 
37
3.44
 
50
10.13
7,551
 
51
1.86
 
20
14.49
6,939
 
33
3.66
 
36
13.07
83,623
 
24
3.84
 
33
13.24
46,069
 
22
4.06
 
28
13.57
13,995
 
42
3.26
 
23
14.27
46,451
 
17
4.34
 
38
12.86
19,052
 
18
4.19
 
26
13.86
4,173
 
45
3.13
 
47
11.10
2,802
 
23
4.04
 
42
12.09
32,908
 
49
2.46
 
49
10.50
5,802
 
35
3.58
 
45
11.82
21,761
 
50
1.98
 
40
12.61
2,415
 
 
 
 
 
 
 
 
 
4.44
 
15.25
1,385,529
April 2022
REAP_PI_SA1900N_510700_LSGL
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, US-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.