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 Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the Great Lakes BEA Region (GLAKGOVQGSP) from 1997 to 2023 about Great Lakes BEA Region, quantity index, GSP, government, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Private Services-Providing Industries in the Great Lakes BEA Region (GLAKPRISERVPRORGSP) from 1997 to 2023 about Great Lakes BEA Region, GSP, private industries, services, private, real, industry, GDP, and USA.

The state of Florida experienced the most significant GDP growth in 2023, growing by 9.8 percent from 2022. Washington, South Carolina, and Nebraska also experienced high amounts of growth in the same period. Wyoming saw the smallest increase, at only two percent.

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 2024, the United States had the largest economy in the world, with a gross domestic product of just under 29 trillion U.S. dollars. China had the second largest economy, at around 18.5 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 Italy'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 Gross Domestic Product (GDP) in the United States expanded 2.50 percent in the fourth quarter of 2024 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.

United States GDPS: saar: MI: Pvt: Information (IF) data was reported at 17.954 USD bn in Sep 2024. This records an increase from the previous number of 17.584 USD bn for Jun 2024. United States GDPS: saar: MI: Pvt: Information (IF) data is updated quarterly, averaging 11.915 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 17.954 USD bn in Sep 2024 and a record low of 9.938 USD bn in Mar 2007. United States GDPS: saar: MI: Pvt: Information (IF) 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.A066: NIPA 2023: GDP by State: Great Lakes Region: Current Price: saar.

United States GDPS: 2017p: WI: Pvt: Utilities data was reported at 5.122 USD bn in Sep 2024. This records an increase from the previous number of 5.070 USD bn for Jun 2024. United States GDPS: 2017p: WI: Pvt: Utilities data is updated quarterly, averaging 5.079 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 6.167 USD bn in Jun 2013 and a record low of 4.098 USD bn in Mar 2006. United States GDPS: 2017p: WI: Pvt: Utilities 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.A067: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

Economics: National Ocean Watch (ENOW) contains annual time-series data for about 400 coastal counties, 30 coastal states, and the nation, derived from the Bureau of Labor Statistics and the Bureau of Economic Analysis. It describes 23 industries in six economic sectors that depend on the oceans and Great Lakes and measures four economic indicators: Establishments, Employment, Wages, and Gross Domestic Product (GDP).

Graph and download economic data for Gross Domestic Product: Government and Government Enterprises (92) in the Great Lakes BEA Region (GLAKGOVNGSP) from 1997 to 2023 about Great Lakes BEA Region, GSP, government, industry, GDP, and USA.

United States GDPS: 2012p: Per Capita: Illinois data was reported at 58,217.000 USD in 2017. This records an increase from the previous number of 57,829.000 USD for 2016. United States GDPS: 2012p: Per Capita: Illinois data is updated yearly, averaging 54,393.000 USD from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 58,217.000 USD in 2017 and a record low of 47,416.000 USD in 1997. United States GDPS: 2012p: Per Capita: Illinois 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.A113: NIPA 2018: GDP by State: Great Lakes Region: Chain Linked 2012 Price: saar.

United States GDPS: 2017p: MI: Government data was reported at 56.513 USD bn in Sep 2024. This records an increase from the previous number of 56.187 USD bn for Jun 2024. United States GDPS: 2017p: MI: Government data is updated quarterly, averaging 54.174 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 63.289 USD bn in Jun 2005 and a record low of 50.428 USD bn in Jun 2020. United States GDPS: 2017p: MI: Government 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.A067: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

Economics: National Ocean Watch (ENOW) contains annual time-series data for about 400 coastal counties, 30 coastal states, 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).

United States GDPS: 2017p: WI: Government data was reported at 37.289 USD bn in Sep 2024. This records an increase from the previous number of 36.823 USD bn for Jun 2024. United States GDPS: 2017p: WI: Government data is updated quarterly, averaging 36.099 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 38.658 USD bn in Dec 2009 and a record low of 33.553 USD bn in Sep 2020. United States GDPS: 2017p: WI: Government 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.A067: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: IL: Government data was reported at 83.900 USD bn in Sep 2024. This records an increase from the previous number of 82.886 USD bn for Jun 2024. United States GDPS: 2017p: IL: Government data is updated quarterly, averaging 83.756 USD bn from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 88.883 USD bn in Mar 2010 and a record low of 76.504 USD bn in Jun 2020. United States GDPS: 2017p: IL: Government 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.A065: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

United States GDPS: 2012p: saar: MI: Pvt: Arts, Entertainment & Recreation data was reported at 3.506 USD bn in Jun 2018. This records an increase from the previous number of 3.382 USD bn for Mar 2018. United States GDPS: 2012p: saar: MI: Pvt: Arts, Entertainment & Recreation data is updated quarterly, averaging 3.284 USD bn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 4.403 USD bn in Sep 2005 and a record low of 2.928 USD bn in Mar 2015. United States GDPS: 2012p: saar: MI: Pvt: Arts, Entertainment & Recreation 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.A113: NIPA 2018: GDP by State: Great Lakes Region: Chain Linked 2012 Price: saar.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in the Great Lakes BEA Region (GLAKRQGSP) from Q1 2005 to Q3 2024 about Great Lakes BEA Region, GSP, real, industry, GDP, and USA.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Information (51) in the Great Lakes BEA Region (GLAKINFOQQGSP) from Q1 2005 to Q3 2024 about Great Lakes BEA Region, quantity index, information, GSP, private industries, private, industry, GDP, and USA.