Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Graph and download economic data for Per Capita Personal Income in Texas (TXPCPI) from 1929 to 2024 about personal income, per capita, TX, personal, income, and USA.

In 2021, Midland metropolitan area in Texas had a per capita real GDP of about 227,765 chained U.S. dollars, the highest of any metro area in the United States. The San-Jose-Sunnyvale-Santa Clara and San Francisco-Oakland-Berkely metro areas in California also had high real GDP per capita. The Seattle-Tacoma-Bellevue metro area in Washington state and the Trenton-Princeton metro area in New Jersey round out the top five. Only the top 100 metro areas by GDP per capita are shown here.

United States GDP by State per Capita: 2005p: Texas data was reported at 46,498.000 USD in 2012. This records an increase from the previous number of 45,025.000 USD for 2011. United States GDP by State per Capita: 2005p: Texas data is updated yearly, averaging 42,804.500 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 46,498.000 USD in 2012 and a record low of 38,206.000 USD in 1997. United States GDP by State per Capita: 2005p: Texas data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A174: NIPA 2009: Gross Domestic Product by State: Per Capita.

In 2022, the Midland metro area in Texas had the highest per capita personal income in the United States. This was followed by the San Jose-Sunnyvale-Santa Clara metropolitan area in California.

California is the richest state of the United States. The state’s trade volume is currently about 58 billion U.S. dollars, with imports making about 75 percent of this value. Compared to Texas, the second-largest state after itself, California exported less goods to the rest of the world over this period. California’s economic contribution California’s economic output places the state at the top in the United States. Measured by GDP, California contributed 3.2 trillion U.S. dollars to the U.S. economy, 50 percent more than that of Texas. On a per capita basis, California’s GDP corresponds to almost 83 thousand U.S. dollars in real terms. Tech companies and wages in California California is the home to technology powerhouses of the United States. The world’s highest capping tech companies such as Apple and Google were founded and headquartered in California. According to a 2023 study, Silicon Valley was also the leading hub that offered the highest wages to tech workers. On average, a tech employee earned around 142 thousand dollars working for a Silicon Valley company.

In the fiscal year of 2022, total state and local government debt in the state of New York amounted to 20.07 percent of the annual Gross Domestic Product of the state. In Kentucky, this figure amounted to 22.78 percent of the state's annual GDP, the highest of any state. The national debt of the United Stated can be found here.