The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

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.

Graph and download economic data for Real Gross Domestic Product: Management of Companies and Enterprises (55) in the Great Lakes BEA Region (GLAKMNGCOENTPRRGSP) from 1997 to 2024 about Great Lakes BEA Region, management, enterprises, professional, companies, GSP, private industries, business, services, private, real, industry, GDP, and USA.

The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Gross Domestic Product: State and Local in the Great Lakes BEA Region (GLAKGOVSLRGSP) from 1997 to 2024 about Great Lakes BEA Region, state & local, GSP, government, real, industry, GDP, and USA.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.

Graph and download economic data for Real Gross Domestic Product: Information (51) in the Great Lakes BEA Region (GLAKINFORQGSP) from Q1 2005 to Q1 2025 about Great Lakes BEA Region, information, GSP, private industries, private, real, industry, GDP, and USA.

United States JR: Same-Store Sales: ES: Best Buy: Best Buy US data was reported at 7.100 % in Apr 2018. This records a decrease from the previous number of 9.000 % for Jan 2018. United States JR: Same-Store Sales: ES: Best Buy: Best Buy US data is updated quarterly, averaging -0.100 % from Oct 2010 (Median) to Apr 2018, with 31 observations. The data reached an all-time high of 9.000 % in Jan 2018 and a record low of -5.500 % in Oct 2010. United States JR: Same-Store Sales: ES: Best Buy: Best Buy US data remains active status in CEIC and is reported by Redbook Research Inc.. The data is categorized under Global Database’s USA – Table US.H012: Johnson Redbook Same-Store Sales Index: Quarterly: YoY%.

GDPS: 2017p: IL: Pvt: Mining data was reported at 1.320 USD bn in Dec 2024. This records an increase from the previous number of 1.303 USD bn for Sep 2024. GDPS: 2017p: IL: Pvt: Mining data is updated quarterly, averaging 1.873 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 2.571 USD bn in Mar 2015 and a record low of 1.207 USD bn in Jun 2022. GDPS: 2017p: IL: Pvt: Mining data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A073: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

GDPS: saar: MI: Pvt: AA: Arts, Entertainment & Recreation (ER) data was reported at 6.809 USD bn in Dec 2024. This records an increase from the previous number of 6.585 USD bn for Sep 2024. GDPS: saar: MI: Pvt: AA: Arts, Entertainment & Recreation (ER) data is updated quarterly, averaging 3.520 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 6.809 USD bn in Dec 2024 and a record low of 1.976 USD bn in Jun 2020. GDPS: saar: MI: Pvt: AA: Arts, Entertainment & Recreation (ER) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A072: NIPA 2023: GDP by State: Great Lakes Region: Current Price: saar.

Unemployment Rate in the United States decreased to 4.10 percent in June from 4.20 percent in May of 2025. This dataset provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDPS: 2017p: MI: Pvt: PB: Prof, Scientific & Tech Svcs (ST) data was reported at 51.894 USD bn in Dec 2024. This records an increase from the previous number of 51.478 USD bn for Sep 2024. GDPS: 2017p: MI: Pvt: PB: Prof, Scientific & Tech Svcs (ST) data is updated quarterly, averaging 36.407 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 51.983 USD bn in Sep 2023 and a record low of 28.606 USD bn in Mar 2010. GDPS: 2017p: MI: Pvt: PB: Prof, Scientific & Tech Svcs (ST) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A073: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: MI: Pvt: Other Svcs excl Gov't data was reported at 11.111 USD bn in Dec 2024. This records a decrease from the previous number of 11.157 USD bn for Sep 2024. United States GDPS: 2017p: MI: Pvt: Other Svcs excl Gov't data is updated quarterly, averaging 11.625 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 13.661 USD bn in Jun 2005 and a record low of 9.105 USD bn in Jun 2020. United States GDPS: 2017p: MI: Pvt: Other Svcs excl Gov't data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A073: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

This layer contains data on the wages paid to employees working in the six economic sectors that are dependent on the resources of the oceans and Great Lakes. They include: Marine Construction, Living Resources, Offshore Mineral Extraction, Ship and Boat Building, Tourism and Recreation, Marine Transportation, and a total, All Ocean Sectors. http://coast.noaa.gov/dataregistry/search/dataset/info/enow

© NOAA Office for Coastal Management (coastal.info@noaa.gov)

© NOAA Office for Coastal Management (coastal.info@noaa.gov) This layer is a component of Ocean Economy by Indicator.

This map presents spatial information about the Economics: National Ocean Watch (ENOW) data in the Web Mercator projection. The ENOW data provides time-series data on the ocean and Great Lakes economy, which includes six economic sectors dependent on the oceans and Great Lakes, and measures four economic indicators: Establishments, Employment, Wages, and Gross Domestic Product (GDP). The annual time-series data are available for about 400 coastal counties, 30 coastal states, 8 regions, and the nation. The service was developed by the National Oceanic and Atmospheric Administration (NOAA), but may contain data and information from a variety of data sources, including non-NOAA data. NOAA provides the information “as-is” and shall incur no responsibility or liability as to the completeness or accuracy of this information. NOAA assumes no responsibility arising from the use of this information. The NOAA Office for Coastal Management will make every effort to provide continual access to this service but it may need to be taken down during routine IT maintenance or in case of an emergency. If you plan to ingest this service into your own application and would like to be informed about planned and unplanned service outages or changes to existing services, please register for our Data Services Newsletter (http://coast.noaa.gov/digitalcoast/publications/subscribe). For additional information, please contact the NOAA Office for Coastal Management (coastal.info@noaa.gov).

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Economics: National Ocean Watch (ENOW) contains annual time-series data for over 400 coastal counties, 30 coastal states, 8 regions, and the nation, derived from the Bureau of Labor Statistics and the Bureau of Economic Analysis. It describes six economic sectors that depend on the oceans and Great Lakes and measures four economic indicators: Establishments, Employment, Wages, and Gross Domestic Product (GDP).

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

What does GDP growth mean?

Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022.

Countries with highest GDP growth rate

Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.