Which state has the highest GDP?
Which state has the highest GDP?
California
Four states contribute over $1 trillion to the U.S. GDP: California, Texas, New York, and Florida. California has the largest GDP of any state, at $3,120,386,000,000, accounting for about 14.7% of the country’s total GDP.
What is the GDP of each state in the US?
| State or district | Nominal GDP at Current Prices (millions of U.S. dollars) | % of National |
|---|---|---|
| 2021 | 2020 | |
| California (more) | $3,237,389 | 14.62% |
| Texas (more) | $1,879,785 | 8.60% |
| New York (more) | $1,758,071 | 8.27% |
What is the poorest state by GDP?
Out of all 50 states, Massachusetts had the highest per-capita real gross domestic product (GDP) in 2019, at 75,258 U.S. dollars. Mississippi had the lowest per-capita real GDP, at 35,015 U.S. dollars.
What is the United States GDP 2021?
Current-dollar GDP increased 13.4 percent at an annual rate, or $702.8 billion, in the second quarter to a level of $22.74 trillion. In the first quarter, GDP increased 10.9 percent, or $560.6 billion (table 1 and table 3).
What states have the strongest economy?
Here are the states with the best economies and those contributing most to overall GDP.
- Utah.
- Washington.
- California.
- Massachusetts.
- Idaho.
- Colorado.
- Maryland.
- Oregon.
Which states have a positive GDP?
The seven most populous states, California, Texas, Florida, New York, Illinois, Pennsylvania and Ohio are also the seven biggest contributors to U.S. GDP, according to the Bureau of Economic Analysis.
Which state has the best economy 2020?
Utah is the top state for economy. It’s followed by Colorado, Idaho, Washington and Massachusetts to round out the top five. Five of the 10 states with the strongest economies also rank among the top 10 Best States overall.
Who is the richest state?
This Is the Richest State in the U.S., According to Data
- New Hampshire.
- Washington.
- Connecticut.
- California. Median household income: $80,440.
- Hawaii. Median household income: $83,102.
- New Jersey. Median household income: $85,751.
- Massachusetts. Median household income: $85,843.
- Maryland. Median household income: $86,738.
What state has the best GDP?
According to Governing magazine , a news and analysis publication for state and local governments, Massachusetts has the best state economy in the country. By looking at factors like unemployment rates, personal income per capita, job growth, and per capita state GDP, the magazine determined which states were faring better than others this year.
What state has the highest growth rate?
Within the 50 states and District of Columbia, West Virginia had the largest GDP growth rate (5.2%) in the First Quarter 2019, while Hawaii had the smallest growth rate (1.2%). In the 2018-2019 period, the Northern Mariana Islands had the lowest GDP growth rate (19.6%).
What is the per capita GDP of the United States?
The United States is the third most populous country after China and India. 4 The United States had to spread its wealth among 328.2 million people in 2019. As a result, the 2019 U.S. GDP per capita was $65,240. 5 That makes it one of the most prosperous countries per person. 6
What is the current US GDP?
The gross domestic product of the United States in 2019 amounted to around 21.43 trillion U.S. dollars .