List of U.S. states and territories by GDP

This is a list of U.S. states and territories by gross domestic product (GDP). This article presents the 50 U.S. states and the District of Columbia and their nominal GDP at current prices.

The GDP of each U.S. state and the District of Columbia in 2021 according to the U.S. Bureau of Economic Analysis
The GDP per capita of each U.S. state and the District of Columbia in 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Real GDP growth rate by U.S. state in 2021 according to the U.S. Bureau of Economic Analysis

The data source for the list is the Bureau of Economic Analysis (BEA) in 2022. The BEA defined GDP by state as "the sum of value added from all industries in the state."[1]

Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.[2]

Overall, in the calendar year 2022, the United States' Nominal GDP at Current Prices totaled at $25.463 trillion, as compared to $23.315 trillion in 2021.

The three U.S. states with the highest GDPs were California ($3.6 trillion), Texas ($2.356 trillion), and New York ($2.053 trillion). The three U.S. states with the lowest GDPs were Vermont ($40.6 billion), Wyoming ($47.4 billion), and Alaska ($63.6 billion).

GDP per capita also varied widely throughout the United States in 2022, with New York ($105,226), Massachusetts ($99,274), and North Dakota ($96,461) recording the three highest GDP per capita figures in the U.S., while Mississippi ($47,572), Arkansas ($54,644), and West Virginia ($54,870) recorded the three lowest GDP per capita figures in the U.S. The District of Columbia, though, recorded a GDP per capita figure far higher than any U.S. state in 2022 at $242,853.

50 states and Washington, D.C. edit

The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2022.[1][3]

The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars. * indicates "GDP of STATE or FEDERAL DISTRICT" or "Economy of STATE or FEDERAL DISTRICT" links.

U.S. territories edit

The Bureau of Economic Analysis (BEA) collects GDP data for four U.S. territories (American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands) separately from the states and the District of Columbia. Data for the U.S. territories is from the World Bank for GDP, GDP per capita and the real growth.[4][5][6][7]

Territory Nominal GDP
at Current Prices
(millions of
U.S. dollars)
Real GDP growth rate GDP per capita Year of reference
  Puerto Rico * $113,434   3.4% $35,208 2022
  Guam * $6,123   1.1% $35,904 2021
  U.S. Virgin Islands * $4,444   2.9% $41,976 2021
  Northern Mariana Islands * $858   29.7% $17,302 2020
  American Samoa * $871   1.7% $19,673 2022

See also edit

References edit

  1. ^ a b c d e f g "GDP by State". GDP by State | U.S. Bureau of Economic Analysis (BEA). Bureau of Economic Analysis. Retrieved 10 April 2022.
  2. ^ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Retrieved 26 March 2021.
  3. ^ a b "New Vintage 2021 Population Estimates Available for the Nation, States and Puerto Rico". New Vintage 2021 Population Estimates Available for the Nation, States and Puerto Rico. United States Census Bureau. 21 December 2021. Retrieved 10 April 2022.
  4. ^ https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=AS
    https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=GU
    https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=MP
    https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PR
    https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=VI
    World Bank - GDP Per Capita. American Samoa / Guam / Northern Mariana Islands / Puerto Rico / Virgin Islands (U.S.) Retrieved July 3, 2022.
  5. ^ https://www.bea.gov/data/gdp/gdp-american-samoa
    https://www.bea.gov/data/gdp/gdp-guam
    https://www.bea.gov/data/gdp/gdp-commonwealth-northern-mariana-islands-cnmi
    https://www.bea.gov/data/gdp/gdp-us-virgin-islands-usvi
    Bureau of Economic Analysis. GDP for American Samoa / Guam / Commonwealth of the Northern Mariana Islands / U.S. Virgin Islands (USVI) [GDP growth rate]. Retrieved July 3, 2022.
  6. ^ https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=AS
    https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=GU
    https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=MP
    https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PR
    https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=VI
    World Bank - GDP (current U.S. dollars) - American Samoa / Guam / Northern Mariana Islands / Puerto Rico / Virgin Islands (U.S.) Retrieved July 3, 2022.
  7. ^ https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=PR&mod=article_inline
    World Bank. GDP growth rate (Puerto Rico). Retrieved July 3, 2022.

External links edit