The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, 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 45.71 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 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.
Quality of life is a measure of comfort, health, and happiness by a person or a group of people. Quality of life is determined by both material factors, such as income and housing, and broader considerations like health, education, and freedom. Each year, US & World News releases its “Best States to Live in” report, which ranks states on the quality of life each state provides its residents. In order to determine rankings, U.S. News & World Report considers a wide range of factors, including healthcare, education, economy, infrastructure, opportunity, fiscal stability, crime and corrections, and the natural environment. More information on these categories and what is measured in each can be found below:
Healthcare includes access, quality, and affordability of healthcare, as well as health measurements, such as obesity rates and rates of smoking. Education measures how well public schools perform in terms of testing and graduation rates, as well as tuition costs associated with higher education and college debt load. Economy looks at GDP growth, migration to the state, and new business. Infrastructure includes transportation availability, road quality, communications, and internet access. Opportunity includes poverty rates, cost of living, housing costs and gender and racial equality. Fiscal Stability considers the health of the government's finances, including how well the state balances its budget. Crime and Corrections ranks a state’s public safety and measures prison systems and their populations. Natural Environment looks at the quality of air and water and exposure to pollution.
https://www.industryselect.com/licensehttps://www.industryselect.com/license
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.
In 2023, the state of California added about 3.2 trillion chained (2017) U.S. dollars of value to the U.S. real gross domestic product (GDP). Total real GDP amounted to about 22.7 trillion chained (2017) U.S. dollars.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The United States is the 2 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - United States Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The state of Utah experienced the most significant GDP growth in 2024, growing by seven percent from 2023. Florida, South Carolina, and North Carolina also experienced high amounts of growth in the same period. North Dakota was the only state that saw a decrease in GDP, falling 0.8 percent.
This dataset displays the current-dollar GDP by US state. The period covered includes 2003-2006. Posted for each state and year is the state GDP in millions of dollars and the percent of US total GDP. This data was collected from the Bureau of Economic Analysis at their web page at: http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm Access Date: October 29, 2007
Explore the World Competitiveness Ranking dataset for 2016, including key indicators such as GDP per capita, fixed telephone tariffs, and pension funding. Discover insights on social cohesion, scientific research, and digital transformation in various countries.
Social cohesion, The image abroad of your country encourages business development, Scientific articles published by origin of author, International Telecommunication Union, World Telecommunication/ICT Indicators database, Data reproduced with the kind permission of ITU, National sources, Fixed telephone tariffs, GDP (PPP) per capita, Overall, Exports of goods - growth, Pension funding is adequately addressed for the future, Companies are very good at using big data and analytics to support decision-making, Gross fixed capital formation - real growth, Economic Performance, Scientific research legislation, Percentage of GDP, Health infrastructure meets the needs of society, Estimates based on preliminary data for the most recent year., Singapore: including re-exports., Value, Laws relating to scientific research do encourage innovation, % of GDP, Gross Domestic Product (GDP), Health Infrastructure, Digital transformation in companies is generally well understood, Industrial disputes, EE, Female / male ratio, State ownership of enterprises, Total expenditure on R&D (%), Score, Colombia, Estimates for the most recent year., Percentage change, based on US$ values, Number of listed domestic companies, Tax evasion is not a threat to your economy, Scientific articles, Tax evasion, % change, Use of big data and analytics, National sources, Disposable Income, Equal opportunity, Listed domestic companies, Government budget surplus/deficit (%), Pension funding, US$ per capita at purchasing power parity, Estimates; US$ per capita at purchasing power parity, Image abroad or branding, Equal opportunity legislation in your economy encourages economic development, Number, Article counts are from a selection of journals, books, and conference proceedings in S&E from Scopus. Articles are classified by their year of publication and are assigned to a region/country/economy on the basis of the institutional address(es) listed in the article. Articles are credited on a fractional-count basis. The sum of the countries/economies may not add to the world total because of rounding. Some publications have incomplete address information for coauthored publications in the Scopus database. The unassigned category count is the sum of fractional counts for publications that cannot be assigned to a country or economy. Hong Kong: research output items by the higher education institutions funded by the University Grants Committee only., State ownership of enterprises is not a threat to business activities, Protectionism does not impair the conduct of your business, Digital transformation in companies, Total final energy consumption per capita, Social cohesion is high, Rank, MTOE per capita, Percentage change, based on constant prices, US$ billions, National sources, World Trade Organization Statistics database, Rank, Score, Value, World Rankings
Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Kingdom, Venezuela
Follow data.kapsarc.org for timely data to advance energy economics research.
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.
The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2024, with projections up until 2030. The gross domestic product of the United States in 2024 amounted to around 29.18 trillion U.S. dollars. The United States and the economy The United States’ economy is by far the largest in the world; a status which can be determined by several key factors, one being gross domestic product: A look at the GDP of the main industrialized and emerging countries shows a significant difference between US GDP and the GDP of China, the runner-up in the ranking, as well as the followers Japan, Germany and France. Interestingly, it is assumed that China will have surpassed the States in terms of GDP by 2030, but for now, the United States is among the leading countries in almost all other relevant rankings and statistics, trade and employment for example. See the U.S. GDP growth rate here. Just like in other countries, the American economy suffered a severe setback when the economic crisis occurred in 2008. The American economy entered a recession caused by the collapsing real estate market and increasing unemployment. Despite this, the standard of living is considered quite high; life expectancy in the United States has been continually increasing slightly over the past decade, the unemployment rate in the United States has been steadily recovering and decreasing since the crisis, and the Big Mac Index, which represents the global prices for a Big Mac, a popular indicator for the purchasing power of an economy, shows that the United States’ purchasing power in particular is only slightly lower than that of the euro area.
https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Market Hotness: Hotness Rank in Syracuse, NY (CBSA) (HORAMSA45060) from Aug 2017 to Aug 2025 about Syracuse, rank, NY, and USA.
we utilized data from two main sources: the United States Census Bureau's American Community Survey (ACS) and the Centers for Disease Control and Prevention/Agency for Toxic Substances and Disease Registry (CDC/ATSDR) Social Vulnerability Index (SVI).American Community Survey (ACS):Conducted by the U.S. Census Bureau, the ACS is an ongoing survey that provides detailed demographic and socio-economic data on the population and housing characteristics of the United States.The survey collects information on various topics such as income, education, employment, health insurance coverage, and housing costs and conditions.It offers more frequent and up-to-date information compared to the decennial census, with annual estimates produced based on a rolling sample of households.The ACS data is essential for policymakers, researchers, and communities to make informed decisions and address the evolving needs of the population.CDC/ATSDR Social Vulnerability Index (SVI):Created by ATSDR’s Geospatial Research, Analysis & Services Program (GRASP) and utilized by the CDC, the SVI is designed to identify and map communities that are most likely to need support before, during, and after hazardous events.SVI ranks U.S. Census tracts based on 15 social factors, including unemployment, minority status, and disability, and groups them into four related themesEach tract receives rankings for each Census variable and for each theme, as well as an overall ranking, indicating its relative vulnerability.SVI data provides insights into the social vulnerability of communities at both the tract and county levels, helping public health officials and emergency response planners allocate resources effectively. In our utilization of these sources, we likely integrated data from both the ACS and the SVI to analyze and understand various socio-economic and demographic indicators at the state, county, and possibly tract levels. This integrated data would have been valuable for research, policymaking, and community planning purposes, allowing for a comprehensive understanding of social and economic dynamics across different geographical areas in the United StatesNote: Due to limitations in the ArcGIS Pro environment, the data variable names may be truncated. Refer to the provided table for a clear understanding of the variables.CSV Variable NameShapefile Variable NameDescriptionStateNameStateNameName of the stateStateFipsStateFipsState-level FIPS codeState nameStateNameName of the stateCountyNameCountyNameName of the countyCensusFipsCensusFipsCounty-level FIPS codeState abbreviationStateFipsState abbreviationCountyFipsCountyFipsCounty-level FIPS codeCensusFipsCensusFipsCounty-level FIPS codeCounty nameCountyNameName of the countyAREA_SQMIAREA_SQMITract area in square milesE_TOTPOPE_TOTPOPPopulation estimates, 2014-2018 ACSEP_POVEP_POVPercentage of persons below poverty estimateEP_UNEMPEP_UNEMPUnemployment Rate estimateEP_HBURDEP_HBURDHousing cost burdened occupied housing units with annual income less than $75,000EP_UNINSUREP_UNINSURUninsured in the total civilian noninstitutionalized population estimate, 2015-2019 ACSEP_PCIEP_PCIPer capita income estimate, 2015-2019 ACSEP_DISABLEP_DISABLPercentage of civilian noninstitutionalized population with a disability estimate, 2015-2019 ACSEP_SNGPNTEP_SNGPNTPercentage of single parent households with children under 18 estimate, 2015-2019 ACSEP_MINRTYEP_MINRTYPercentage minority (all persons except white, non-Hispanic) estimate, 2015-2019 ACSEP_LIMENGEP_LIMENGPercentage of persons (age 5+) who speak English "less than well" estimate, 2015-2019 ACSEP_MUNITEP_MUNITPercentage of housing in structures with 10 or more units estimateEP_MOBILEEP_MOBILEPercentage of mobile homes estimateEP_CROWDEP_CROWDPercentage of occupied housing units with more people than rooms estimateEP_NOVEHEP_NOVEHPercentage of households with no vehicle available estimateEP_GROUPQEP_GROUPQPercentage of persons in group quarters estimate, 2014-2018 ACSBelow_5_yrBelow_5_yrUnder 5 years: Percentage of Total populationBelow_18_yrBelow_18_yrUnder 18 years: Percentage of Total population18-39_yr18_39_yr18-39 years: Percentage of Total population40-64_yr40_64_yr40-64 years: Percentage of Total populationAbove_65_yrAbove_65_yrAbove 65 years: Percentage of Total populationPop_malePop_malePercentage of total population malePop_femalePop_femalePercentage of total population femaleWhitewhitePercentage population of white aloneBlackblackPercentage population of black or African American aloneAmerican_indianamerican_iPercentage population of American Indian and Alaska native aloneAsianasianPercentage population of Asian aloneHawaiian_pacific_islanderhawaiian_pPercentage population of Native Hawaiian and Other Pacific Islander aloneSome_othersome_otherPercentage population of some other race aloneMedian_tot_householdsmedian_totMedian household income in the past 12 months (in 2019 inflation-adjusted dollars) by household size – total householdsLess_than_high_schoolLess_than_Percentage of Educational attainment for the population less than 9th grades and 9th to 12th grade, no diploma estimateHigh_schoolHigh_schooPercentage of Educational attainment for the population of High school graduate (includes equivalency)Some_collegeSome_collePercentage of Educational attainment for the population of Some college, no degreeAssociates_degreeAssociatesPercentage of Educational attainment for the population of associate degreeBachelor’s_degreeBachelor_sPercentage of Educational attainment for the population of Bachelor’s degreeMaster’s_degreeMaster_s_dPercentage of Educational attainment for the population of Graduate or professional degreecomp_devicescomp_devicPercentage of Household having one or more types of computing devicesInternetInternetPercentage of Household with an Internet subscriptionBroadbandBroadbandPercentage of Household having Broadband of any typeSatelite_internetSatelite_iPercentage of Household having Satellite Internet serviceNo_internetNo_internePercentage of Household having No Internet accessNo_computerNo_computePercentage of Household having No computerThis table provides a mapping between the CSV variable names and the shapefile variable names, along with a brief description of each variable.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Government Effectiveness: Percentile Rank in United States was reported at 87.74 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Government Effectiveness: Percentile Rank - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.
Data SourcesAmerican Community Survey (ACS):Conducted by: U.S. Census BureauDescription: The ACS is an ongoing survey that provides detailed demographic and socio-economic data on the population and housing characteristics of the United States.Content: The survey collects information on various topics such as income, education, employment, health insurance coverage, and housing costs and conditions.Frequency: The ACS offers more frequent and up-to-date information compared to the decennial census, with annual estimates produced based on a rolling sample of households.Purpose: ACS data is essential for policymakers, researchers, and communities to make informed decisions and address the evolving needs of the population.CDC/ATSDR Social Vulnerability Index (SVI):Created by: ATSDR’s Geospatial Research, Analysis & Services Program (GRASP)Utilized by: CDCDescription: The SVI is designed to identify and map communities that are most likely to need support before, during, and after hazardous events.Content: SVI ranks U.S. Census tracts based on 15 social factors, including unemployment, minority status, and disability, and groups them into four related themes. Each tract receives rankings for each Census variable and for each theme, as well as an overall ranking, indicating its relative vulnerability.Purpose: SVI data provides insights into the social vulnerability of communities at both the tract and county levels, helping public health officials and emergency response planners allocate resources effectively.Utilization and IntegrationBy integrating data from both the ACS and the SVI, this dataset enables an in-depth analysis and understanding of various socio-economic and demographic indicators at the census tract level. This integrated data is valuable for research, policymaking, and community planning purposes, allowing for a comprehensive understanding of social and economic dynamics across different geographical areas in the United States.ApplicationsPolicy Development: Helps policymakers develop targeted interventions to address the needs of vulnerable populations.Resource Allocation: Assists emergency response planners in allocating resources more effectively based on community vulnerability.Research: Provides a robust foundation for academic and applied research in socio-economic and demographic studies.Community Planning: Aids in the planning and development of community programs and initiatives aimed at improving living conditions and reducing vulnerabilities.Note: Due to limitations in the ArcGIS Pro environment, the data variable names may be truncated. Refer to the provided table for a clear understanding of the variables.CSV Variable NameShapefile Variable NameDescriptionStateNameStateNameName of the stateStateFipsStateFipsState-level FIPS codeState nameStateNameName of the stateCountyNameCountyNameName of the countyCensusFipsCensusFipsCounty-level FIPS codeState abbreviationStateFipsState abbreviationCountyFipsCountyFipsCounty-level FIPS codeCensusFipsCensusFipsCounty-level FIPS codeCounty nameCountyNameName of the countyAREA_SQMIAREA_SQMITract area in square milesE_TOTPOPE_TOTPOPPopulation estimates, 2013-2017 ACSEP_POVEP_POVPercentage of persons below poverty estimateEP_UNEMPEP_UNEMPUnemployment Rate estimateEP_HBURDEP_HBURDHousing cost burdened occupied housing units with annual income less than $75,000EP_UNINSUREP_UNINSURUninsured in the total civilian noninstitutionalized population estimate, 2013-2017 ACSEP_PCIEP_PCIPer capita income estimate, 2013-2017 ACSEP_DISABLEP_DISABLPercentage of civilian noninstitutionalized population with a disability estimate, 2013-2017 ACSEP_SNGPNTEP_SNGPNTPercentage of single parent households with children under 18 estimate, 2013-2017 ACSEP_MINRTYEP_MINRTYPercentage minority (all persons except white, non-Hispanic) estimate, 2013-2017 ACSEP_LIMENGEP_LIMENGPercentage of persons (age 5+) who speak English "less than well" estimate, 2013-2017 ACSEP_MUNITEP_MUNITPercentage of housing in structures with 10 or more units estimateEP_MOBILEEP_MOBILEPercentage of mobile homes estimateEP_CROWDEP_CROWDPercentage of occupied housing units with more people than rooms estimateEP_NOVEHEP_NOVEHPercentage of households with no vehicle available estimateEP_GROUPQEP_GROUPQPercentage of persons in group quarters estimate, 2013-2017 ACSBelow_5_yrBelow_5_yrUnder 5 years: Percentage of Total populationBelow_18_yrBelow_18_yrUnder 18 years: Percentage of Total population18-39_yr18_39_yr18-39 years: Percentage of Total population40-64_yr40_64_yr40-64 years: Percentage of Total populationAbove_65_yrAbove_65_yrAbove 65 years: Percentage of Total populationPop_malePop_malePercentage of total population malePop_femalePop_femalePercentage of total population femaleWhitewhitePercentage population of white aloneBlackblackPercentage population of black or African American aloneAmerican_indianamerican_iPercentage population of American Indian and Alaska native aloneAsianasianPercentage population of Asian aloneHawaiian_pacific_islanderhawaiian_pPercentage population of Native Hawaiian and Other Pacific Islander aloneSome_othersome_otherPercentage population of some other race aloneMedian_tot_householdsmedian_totMedian household income in the past 12 months (in 2019 inflation-adjusted dollars) by household size – total householdsLess_than_high_schoolLess_than_Percentage of Educational attainment for the population less than 9th grades and 9th to 12th grade, no diploma estimateHigh_schoolHigh_schooPercentage of Educational attainment for the population of High school graduate (includes equivalency)Some_collegeSome_collePercentage of Educational attainment for the population of Some college, no degreeAssociates_degreeAssociatesPercentage of Educational attainment for the population of associate degreeBachelor’s_degreeBachelor_sPercentage of Educational attainment for the population of Bachelor’s degreeMaster’s_degreeMaster_s_dPercentage of Educational attainment for the population of Graduate or professional degreecomp_devicescomp_devicPercentage of Household having one or more types of computing devicesInternetInternetPercentage of Household with an Internet subscriptionBroadbandBroadbandPercentage of Household having Broadband of any typeSatelite_internetSatelite_iPercentage of Household having Satellite Internet serviceNo_internetNo_internePercentage of Household having No Internet accessNo_computerNo_computePercentage of Household having No computer
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The average for 2024 based on 177 countries was 27291 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The average for 2023 based on 188 countries was 0.53 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
State fact sheets provide information on population, income, education, employment, federal funds, organic agriculture, farm characteristics, farm financial indicators, top commodities, and exports, for each State in the United States. Links to county-level data are included when available.This record was taken from the USDA Enterprise Data Inventory that feeds into the https://data.gov catalog. Data for this record includes the following resources: Query tool For complete information, please visit https://data.gov.
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.
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 gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, 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 45.71 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.