2. Texas
fastest growing states texas
GDP growth rate: 4.8%

Texas has its own energy boom going on in the Eagle Ford shale and other areas in the Southwestern part of the state.

Manufacturing also had a solid year in Texas, including at refineries along the Gulf Coast, auto and aircraft factories near Dallas, and electronics firms in the Austin area, said Daniel Hamermesh, an economics professor at the University of Texas at Austin.

Hamermesh also noted that among the top five best-performing states, two are so-called red states and three are blue.

"This has very little to do with politics," he said, "despite what the governors like to say."


  @hargreavesCNN - Last updated June 13 2013 11:54 AM ET
Join the Conversation
State economies
5 slowest-growing states

Hobbled by a still-wounded finance sector, Connecticut is the nation's slowest-growing state.

Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.