Washington Economy Grows 1.1% in Q1 to Nearly $730 Billion as AI Spending Surges
Updated
Updated · Secret Seattle · Jul 4
Washington Economy Grows 1.1% in Q1 to Nearly $730 Billion as AI Spending Surges
1 articles · Updated · Secret Seattle · Jul 4
Summary
Nearly $730 billion in GDP followed Washington state’s 1.1% economic expansion in the first quarter, putting it on a 4.5% annualized pace if that momentum holds.
Microsoft and Amazon are driving much of the gain through the information sector, with their combined AI investment this year expected to reach about $390 billion.
The state’s projected 4.5% growth would be more than double the 2.1% national rate, positioning Washington to outperform many other states in 2026.
One quarter of data does not guarantee that outcome, but continued spending on software, cloud and digital technologies could keep Washington among the fastest-growing state economies.