100+ datasets found
  1. U.S. real per capita GDP 2023, by state

    • statista.com
    Updated Jul 5, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). U.S. real per capita GDP 2023, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
    Explore at:
    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    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.

  2. Latin America & Caribbean: gross domestic product 2024, by country

    • statista.com
    • ai-chatbox.pro
    Updated Jul 5, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). Latin America & Caribbean: gross domestic product 2024, by country [Dataset]. https://www.statista.com/statistics/802640/gross-domestic-product-gdp-latin-america-caribbean-country/
    Explore at:
    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Latin America, Caribbean, Americas, LAC
    Description

    In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

  3. M

    Data from: U.S. GDP

    • macrotrends.net
    csv
    Updated Jun 30, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    MACROTRENDS (2025). U.S. GDP [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-gross-domestic-product
    Explore at:
    csvAvailable download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1960 - Dec 31, 2023
    Area covered
    United States
    Description

    Historical chart and dataset showing U.S. GDP by year from 1960 to 2023.

  4. T

    United States GDP

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS, United States GDP [Dataset]. https://tradingeconomics.com/united-states/gdp
    Explore at:
    xml, excel, json, csvAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    United States
    Description

    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.

  5. United States Leading Index: US

    • ceicdata.com
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com, United States Leading Index: US [Dataset]. https://www.ceicdata.com/en/united-states/state-leading-index/leading-index-us
    Explore at:
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2019 - Feb 1, 2020
    Area covered
    United States
    Variables measured
    Business Cycle Indicator
    Description

    United States Leading Index: US data was reported at 1.718 % in Feb 2020. This records an increase from the previous number of 1.573 % for Jan 2020. United States Leading Index: US data is updated monthly, averaging 1.536 % from Jan 1982 (Median) to Feb 2020, with 458 observations. The data reached an all-time high of 3.355 % in Nov 1983 and a record low of -2.654 % in Mar 2009. United States Leading Index: US data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.S012: State Leading Index. The data predicts the six-month growth rate of the state’s coincident index. In addition to the coincident index, the models include other variables that lead the economy such as the state-level housing permits (1 to 4 units), initial unemployment insurance claims, delivery times from the Institute for Supply Management (ISM) manufacturing survey, and the interest rate spread between the 10-year Treasury bond and the 3-month Treasury bill. Given the sudden, extreme impact of the COVID-19 outbreak on initial unemployment claims in recent weeks, Federal Reserve Bank of Philadelphia researchers’ standard approach for estimating the six-month change in coincident indexes is not appropriate. Therefore, they suspended the release of the state leading indexes indefinitely.

  6. U.S. real GDP growth 2023, by state

    • statista.com
    • ai-chatbox.pro
    Updated Oct 15, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). U.S. real GDP growth 2023, by state [Dataset]. https://www.statista.com/statistics/248058/percent-change-in-us-real-gross-domestic-product-gdp-by-state/
    Explore at:
    Dataset updated
    Oct 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

  7. U.S. share of value added to GDP 2024, by industry

    • statista.com
    • ai-chatbox.pro
    Updated May 13, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2025). U.S. share of value added to GDP 2024, by industry [Dataset]. https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/
    Explore at:
    Dataset updated
    May 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United States
    Description

    In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 21.2 percent. The construction industry contributed around four percent of GDP in the same year.

  8. T

    GDP by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 29, 2011
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2011). GDP by Country Dataset [Dataset]. https://tradingeconomics.com/country-list/gdp
    Explore at:
    csv, json, xml, excelAvailable download formats
    Dataset updated
    Jun 29, 2011
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    World
    Description

    This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  9. Countries with the largest gross domestic product (GDP) 2025

    • ai-chatbox.pro
    • statista.com
    Updated Feb 10, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Aaron O'Neill (2025). Countries with the largest gross domestic product (GDP) 2025 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F772%2Fgdp%2F%23XgboDwS6a1rKoGJjSPEePEUG%2FVFd%2Bik%3D
    Explore at:
    Dataset updated
    Feb 10, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Description

    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.

  10. Gross domestic product of G7 countries 2000-2024

    • statista.com
    Updated May 30, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2025). Gross domestic product of G7 countries 2000-2024 [Dataset]. https://www.statista.com/statistics/1370584/g7-country-gdp-levels/
    Explore at:
    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

  11. G

    GDP per capita, PPP by country, around the world | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 6, 2015
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Globalen LLC (2015). GDP per capita, PPP by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Jan 6, 2015
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2023
    Area covered
    World
    Description

    The average for 2023 based on 183 countries was 26826 U.S. dollars. The highest value was in Luxembourg: 130491 U.S. dollars and the lowest value was in Burundi: 829 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  12. T

    Iran GDP

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS, Iran GDP [Dataset]. https://tradingeconomics.com/iran/gdp
    Explore at:
    excel, xml, csv, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    Iran
    Description

    The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  13. U

    United States CSI: Government Economic Policy: Good Job

    • ceicdata.com
    Updated Apr 12, 2018
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2018). United States CSI: Government Economic Policy: Good Job [Dataset]. https://www.ceicdata.com/en/united-states/consumer-sentiment-index-unemployment-interest-rates-prices-and-government-expectations
    Explore at:
    Dataset updated
    Apr 12, 2018
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    United States
    Description

    CSI: Government Economic Policy: Good Job data was reported at 28.000 % in May 2018. This records a decrease from the previous number of 30.000 % for Apr 2018. CSI: Government Economic Policy: Good Job data is updated monthly, averaging 19.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 49.000 % in Mar 1999 and a record low of 4.000 % in Dec 2008. CSI: Government Economic Policy: Good Job data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H030: Consumer Sentiment Index: Unemployment, Interest Rates, Prices and Government Expectations. The question was: As to the economic policy of the government -- I mean steps taken to fight inflation or unemployment -- would you say the government is going a good job, only fair, or a poor job?

  14. U.S. annual GDP 1990-2024

    • ai-chatbox.pro
    • statista.com
    Updated May 13, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Abigail Tierney (2025). U.S. annual GDP 1990-2024 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F8913%2Fprimary-sector-of-the-us%2F%23XgboDwS6a1rKoGJjSPEePEUG%2FVFd%2Bik%3D
    Explore at:
    Dataset updated
    May 13, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Abigail Tierney
    Area covered
    United States
    Description

    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.

  15. U.S. value added to GDP 2024, by industry

    • statista.com
    • ai-chatbox.pro
    Updated May 13, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2025). U.S. value added to GDP 2024, by industry [Dataset]. https://www.statista.com/statistics/247991/value-added-to-the-us-gdp-by-industry/
    Explore at:
    Dataset updated
    May 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United States
    Description

    In 2024, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP of the United States. In that year, this industry added 6.2 trillion U.S. dollars to the national GDP. Gross Domestic Product Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it is not a good measure of the standard of living. GDP per capita at purchasing power parity is thought to be more reflective of living conditions within a particular country. U.S. GDP California added the largest amount of value to the real GDP of the U.S. in 2022. California was followed by Texas and New York. In California, the professional and business services industry was the most valuable to GDP in 2022. In New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2021, it was the information industry that had the biggest percentage change in value added to the GDP between 2010 and 2021.

  16. T

    Vietnam GDP

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 15, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). Vietnam GDP [Dataset]. https://tradingeconomics.com/vietnam/gdp
    Explore at:
    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1985 - Dec 31, 2024
    Area covered
    Vietnam
    Description

    The Gross Domestic Product (GDP) in Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  17. T

    United States Government Spending To GDP

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS, United States Government Spending To GDP [Dataset]. https://tradingeconomics.com/united-states/government-spending-to-gdp
    Explore at:
    excel, xml, csv, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1900 - Dec 31, 2024
    Area covered
    United States
    Description

    Government spending in the United States was last recorded at 39.7 percent of GDP in 2024 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  18. T

    Romania GDP

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS, Romania GDP [Dataset]. https://tradingeconomics.com/romania/gdp
    Explore at:
    csv, json, xml, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1987 - Dec 31, 2024
    Area covered
    Romania
    Description

    The Gross Domestic Product (GDP) in Romania was worth 382.77 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Romania represents 0.36 percent of the world economy. This dataset provides the latest reported value for - Romania GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  19. T

    United States - Income Share Held By Highest 20%

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 29, 2017
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2017). United States - Income Share Held By Highest 20% [Dataset]. https://tradingeconomics.com/united-states/income-share-held-by-highest-20percent-wb-data.html
    Explore at:
    csv, excel, json, xmlAvailable download formats
    Dataset updated
    May 29, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    Income share held by highest 20% in United States was reported at 46.8 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Income share held by highest 20% - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

  20. F

    Shares of gross domestic product: Imports of goods and services

    • fred.stlouisfed.org
    json
    Updated Jan 30, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). Shares of gross domestic product: Imports of goods and services [Dataset]. https://fred.stlouisfed.org/series/B021RE1A156NBEA
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jan 30, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Shares of gross domestic product: Imports of goods and services (B021RE1A156NBEA) from 1929 to 2024 about Shares of GDP, imports, goods, services, GDP, and USA.

Share
FacebookFacebook
TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Statista (2024). U.S. real per capita GDP 2023, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
Organization logo

U.S. real per capita GDP 2023, by state

Explore at:
16 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jul 5, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2023
Area covered
United States
Description

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.

Search
Clear search
Close search
Google apps
Main menu