Virginia Economy at a Glance

This weekly publication contains the most recent data releases for key economic indicators relating to the overall economy, labour market, price indices, household sector and business sector.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, the growth of the real gross domestic product in the United States was around 2.8 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information. Real gross domestic product (GDP) of the United States The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation. An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy. A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

This dataset represents a selection of indicators as presented in the 2023 edition of the Government at a Glance publication related to government revenue and expenditure disaggregation by economic transactions under the System of National Accounts (SNA). Government at a Glance provides a dashboard of indicators assembled to help decision makers and the public analyse and benchmark governments across OECD members and partner countries. This eighth edition provides internationally comparative data on a range of public governance, tools and practices to help identify both strengths and weaknesses in democratic governance. The Structure and indicators section of the Government at a Glance publication, describes its framework and the structure by chapters, as well as the changes compared to the previous 2021 edition.The 2023 edition presents a new structure around these three broad categories: 1) Trust and satisfaction with public services (trust in public institutions, satisfaction with public services); 2) Achieving results with good governance practices (governance of the policy cycle, regulatory governance, budgeting practices, managing public procurement, infrastructure planning and delivery, digital government and open government data); and 3) What resources public institutions use and how are they managed (public finance, public employment, managing human resources). Further information on Government at a Glance 2023 edition via a dedicated web platform, which includes a Government at a Glance Data dashboard (for a selection of indicators in an interactive format) as well as Country fact sheets (key data by country), can be found at: Government at a Glance website

The following file contains data in the tables and charts of two weekly publications: Alberta Economy: Indicators at a Glance and the Weekly Economic Review. The file is updated every Friday afternoon. For more information, visit: https://www.alberta.ca/economic-review-indicators.aspx.

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.

This dataset provides economic indicators for FUAs of more than 250 000 inhabitants, including GDP, GDP per capita, jobs and labour productivity.

   <h3>Data sources and methodology</h3>
   <p align="justify">
   When economic statistics are unavailable at a more granular level than the FUA (e.g. municipal level), indicators are estimated by adjusting regional (OECD TL2 and TL3 regions) values to FUA boundaries, based on the population distribution in each region. Regional values (GDP and jobs) in TL3 regions are used as data inputs and combined with gridded population data <a href=https://doi.org/10.2760/098587>(European Commission, GHSL Data Package 2023)</a>. FUA boundaries are intersected with TL3 borders to compute the share of the regional population that lives within FUAs in each region. This share is then applied to the variable of interest (e.g. GDP) and allocated to the FUA. In case several regions intersect the FUA, the adjusted values of intersecting regions are summed. For countries where TL3-level data is not available, data for TL2 regions is used. This approach assumes that the variable of interest has the same spatial distribution as population. Therefore, the modelled indicators should be interpreted with caution.<br /><br />
   When a more granular level is available, data is aggregated for each FUA. For example in the United States, GDP estimates are available at the county-level (<a href=https://www.bea.gov/data/employment/employment-county-metro-and-other-areas>US Bureau of Economic Analysis</a>), and then aggregated by FUA.
   </p>

   <h3>Defining FUAs and cities</h3>
   <p align="justify">The OECD, in cooperation with the EU, has developed a harmonised <a href="https://www.oecd.org/en/data/datasets/oecd-definition-of-cities-and-functional-urban-areas.html">definition of functional urban areas</a> (FUAs) to capture the economic and functional reach of cities based on daily commuting patterns <a href=https://doi.org/10.1787/9789264174108-en>(OECD, 2012)</a>. FUAs consist of:
   <ol>
   <li><b>A city</b> – defined by urban centres in the degree of urbanisation, adapted to the closest local administrative units to define a city.</li>
   <li><b>A commuting zone</b> – including all local areas where at least 15% of employed residents work in the city.</li>
   </ol>
   The delineation process includes:
   <ul>
   <li>Assigning municipalities surrounded by a single FUA to that FUA.</li>
   <li>Excluding non-contiguous municipalities.</li>
   </ul>
   The definition identifies 1 285 FUAs and 1 402 cities in all OECD member countries except Costa Rica and three accession countries.</p>
   <h3>Cite this dataset</h3>
   <p>OECD Regions, cities and local areas database (<a href="http://data-explorer.oecd.org/s/1e5">Economy - FUAs</a>), <a href=http://oe.cd/geostats>http://oe.cd/geostats</a></p>

   <h3>Further information</h3>
   <ul> 
   <li> <a href=https://localdataportal.oecd.org/>OECD Local Data Portal </a> </li>
   <li> <a href=https://www.oecd.org/en/publications/oecd-regions-and-cities-at-a-glance-2024_f42db3bf-en.html/>OECD Regions and Cities at a Glance </a> </li>
   </ul>
   <p align="justify">For questions and/or comments, please email <a href="mailto:CitiesStat@oecd.org">CitiesStat@oecd.org</a>

This weekly publication contains the most recent data releases for key economic indicators relating to the overall economy, labour market, price indices, household sector and business sector.

Andhra Pradesh: Capital Expenditures: Loans and Advances: Developmental: Economic Services data was reported at 10,747.493 INR mn in 2025. This records an increase from the previous number of 4,778.965 INR mn for 2024. Andhra Pradesh: Capital Expenditures: Loans and Advances: Developmental: Economic Services data is updated yearly, averaging 5,865.300 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 51,816.260 INR mn in 2020 and a record low of 900.200 INR mn in 2010. Andhra Pradesh: Capital Expenditures: Loans and Advances: Developmental: Economic Services data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF005: State Finances: At A Glance: Andhra Pradesh.

This weekly publication contains the most recent data releases for key economic indicators relating to the overall economy, labour market, price indices, household sector and business sector.

Andhra Pradesh: Capital Receipts: Recovery of Loans and Advances data was reported at 120.000 INR mn in 2025. This records a decrease from the previous number of 239.679 INR mn for 2024. Andhra Pradesh: Capital Receipts: Recovery of Loans and Advances data is updated yearly, averaging 3,959.700 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 50,618.673 INR mn in 2015 and a record low of -40.835 INR mn in 2023. Andhra Pradesh: Capital Receipts: Recovery of Loans and Advances data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF005: State Finances: At A Glance: Andhra Pradesh.

Bihar: Revenue Expenditure: Non Development: Organs of States data was reported at 29,353.821 INR mn in 2025. This records an increase from the previous number of 23,978.337 INR mn for 2024. Bihar: Revenue Expenditure: Non Development: Organs of States data is updated yearly, averaging 4,080.900 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 29,353.821 INR mn in 2025 and a record low of 656.600 INR mn in 1991. Bihar: Revenue Expenditure: Non Development: Organs of States data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF017: State Finances: At A Glance: Bihar.

The following file contains data in the tables and charts of two weekly publications: Alberta Economy: Indicators at a Glance and the Weekly Economic Review. The file is updated every Friday afternoon. For more information, visit: https://www.alberta.ca/economic-review-indicators.aspx.

Andhra Pradesh: Overall Surplus or Deficit data was reported at -725.113 INR mn in 2025. This records an increase from the previous number of -15,446.882 INR mn for 2024. Andhra Pradesh: Overall Surplus or Deficit data is updated yearly, averaging 309.900 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 64,215.921 INR mn in 2020 and a record low of -63,802.273 INR mn in 2015. Andhra Pradesh: Overall Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF005: State Finances: At A Glance: Andhra Pradesh.

Tamil Nadu: Overall Surplus or Deficit data was reported at -1,014.028 INR mn in 2025. This records a decrease from the previous number of -964.761 INR mn for 2024. Tamil Nadu: Overall Surplus or Deficit data is updated yearly, averaging -16.700 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 99,878.351 INR mn in 2022 and a record low of -79,556.441 INR mn in 2019. Tamil Nadu: Overall Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF105: State Finances: At A Glance: Tamil Nadu.

Meghalaya: Capital Expenditures: Loans and Advances: Non Developmental data was reported at 350.000 INR mn in 2025. This records an increase from the previous number of 300.000 INR mn for 2024. Meghalaya: Capital Expenditures: Loans and Advances: Non Developmental data is updated yearly, averaging 63.700 INR mn from Mar 1991 (Median) to 2025, with 34 observations. The data reached an all-time high of 350.000 INR mn in 2025 and a record low of 14.300 INR mn in 1991. Meghalaya: Capital Expenditures: Loans and Advances: Non Developmental data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF069: State Finances: At A Glance: Meghalaya.

Sikkim: Overall Surplus or Deficit data was reported at 440.956 INR mn in 2025. This records a decrease from the previous number of 3,389.618 INR mn for 2024. Sikkim: Overall Surplus or Deficit data is updated yearly, averaging 411.900 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 7,710.515 INR mn in 2022 and a record low of -12,451.875 INR mn in 2020. Sikkim: Overall Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF101: State Finances: At A Glance: Sikkim.

Meghalaya: Capital Expenditures: Remittances data was reported at 35,895.903 INR mn in 2025. This records an increase from the previous number of 34,186.600 INR mn for 2024. Meghalaya: Capital Expenditures: Remittances data is updated yearly, averaging 22,701.853 INR mn from Mar 2004 (Median) to 2025, with 22 observations. The data reached an all-time high of 37,010.239 INR mn in 2022 and a record low of 6,040.000 INR mn in 2004. Meghalaya: Capital Expenditures: Remittances data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF069: State Finances: At A Glance: Meghalaya.

Tamil Nadu: Capital Expenditures: Outlay: Developmental: Economic Services data was reported at 319,133.511 INR mn in 2025. This records an increase from the previous number of 266,720.054 INR mn for 2024. Tamil Nadu: Capital Expenditures: Outlay: Developmental: Economic Services data is updated yearly, averaging 58,921.400 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 319,133.511 INR mn in 2025 and a record low of 1,590.700 INR mn in 1991. Tamil Nadu: Capital Expenditures: Outlay: Developmental: Economic Services data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF105: State Finances: At A Glance: Tamil Nadu.

Punjab: Capital Expenditures: Remittances data was reported at 328.387 INR mn in 2025. This records a decrease from the previous number of 568.014 INR mn for 2024. Punjab: Capital Expenditures: Remittances data is updated yearly, averaging 1,116.718 INR mn from Mar 2004 (Median) to 2025, with 22 observations. The data reached an all-time high of 19,107.900 INR mn in 2008 and a record low of 328.387 INR mn in 2025. Punjab: Capital Expenditures: Remittances data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF093: State Finances: At A Glance: Punjab.