Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 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.
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Graph and download economic data for Gross Domestic Product: All Industry Total in the Southeast BEA Region (SESTNQGSP) from Q1 2005 to Q3 2024 about Southeast BEA Region, GSP, industry, GDP, and USA.
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Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q4 2024 about per capita, real, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: State and Local in the Far West BEA Region (FWSTGOVSLRGSP) from 1997 to 2023 about Far West BEA Region, state & local, GSP, government, real, industry, GDP, and USA.
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Graph and download economic data for Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the Far West BEA Region (FWSTOTHSERVENGSP) from 1997 to 2023 about Far West BEA Region, GSP, private industries, services, private, industry, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: State and Local in the Great Lakes BEA Region (GLAKGOVSLRGSP) from 1997 to 2023 about Great Lakes BEA Region, state & local, GSP, government, real, industry, GDP, and USA.
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Graph and download economic data for Gross Domestic Product: State and Local in the Rocky Mountain BEA Region (RKMTGOVSLNGSP) from 1997 to 2023 about Rocky Mountain BEA Region, state & local, GSP, government, industry, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: Information (51) in the Southwest BEA Region (SWSTINFORQGSP) from Q1 2005 to Q3 2024 about Southwest BEA Region, information, GSP, private industries, private, real, industry, GDP, and USA.
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Graph and download economic data for Real Per Capita Personal Income for Virginia (VARPIPC) from 2008 to 2023 about VA, personal income, per capita, personal, income, real, and USA.
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Graph and download economic data for Real Gross Domestic Product: State and Local in the Southeast BEA Region (SESTGOVSLRGSP) from 1997 to 2023 about Southeast BEA Region, state & local, GSP, government, real, industry, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: Manufacturing (31-33) in the Far West BEA Region (FWSTMANRQGSP) from Q1 2005 to Q3 2024 about Far West BEA Region, GSP, private industries, private, manufacturing, real, industry, GDP, and USA.
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Graph and download economic data for Personal income per capita (A792RC0A052NBEA) from 1929 to 2024 about personal income, per capita, personal, income, GDP, and USA.
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Graph and download economic data for Gross Domestic Product: State and Local in the New England BEA Region (NENGGOVSLNGSP) from 1997 to 2023 about New England BEA Region, state & local, GSP, government, industry, GDP, and USA.
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Graph and download economic data for Gross Domestic Product: All Industry Total in the Great Lakes BEA Region (GLAKNQGSP) from Q1 2005 to Q3 2024 about Great Lakes BEA Region, GSP, industry, GDP, and USA.
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Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Government: State and Local (CPGDPSL) from Q2 2005 to Q3 2024 about state govt, contributions, percent, government, real, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: All Industry Total in the Plains BEA Region (PLNSRQGSP) from Q1 2005 to Q3 2024 about Plains BEA Region, GSP, real, industry, GDP, and USA.
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Graph and download economic data for Gross Domestic Product: All Industry Total in the Mideast BEA Region (MESTNGSP) from 1997 to 2023 about Mideast BEA Region, GSP, industry, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: State and Local in the Plains BEA Region (PLNSGOVSLRGSP) from 1997 to 2023 about Plains BEA Region, state & local, GSP, government, real, industry, GDP, and USA.
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Graph and download economic data for Real Gross Domestic Product: Private Services-Providing Industries in Florida (FLPRISERVPRORGSP) from 1997 to 2023 about GSP, private industries, FL, services, private, real, industry, GDP, and USA.
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Graph and download economic data for Gross Domestic Product: Government and Government Enterprises (92) in the Plains BEA Region (PLNSGOVNGSP) from 1997 to 2023 about Plains BEA Region, GSP, government, industry, GDP, and USA.
Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 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.