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.

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.

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 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.

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.

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.

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The figures are based on GDP (Nominal) and sector composition ratios provided by the CIA World Fact Book. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.

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• Agriculture Sector : Agriculture Sector contributes 6.4 percent of total world's economic production. Total production of sector is $5,084,800 million. China is the largest contributer followed by India. China and India accounts for 19.49 and 7.39 percent of total global agricultural output. World's largest economy United States is at third place. Next in line come Brazil and Indonesia

• **Industry Sector : **With GDP of $23,835 billion, Industry Sector holds a share of 30% of total GDP nominal. China is the largest contributor followed by US. Japan is at 3rd and Germany is at 4th place. These four countries contributes 45.84 of total global industrial output.

• Services Sector : Services sector is the largest sector of the world as 63 percent of total global wealth comes from services sector. United States is the largest producer of services sector with around 15.53 trillion USD. Services sector is the leading sector in 201 countries/economies. 30 countries receive more than 80 percent of their GDP from services sector. Chad has lowest 27% contribution by services sector in its economy.

In 2024, the real gross domestic product (GDP) of California was 3.37 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.25 trillion U.S. dollars.

Actual value and historical data chart for United States Government Effectiveness Percentile Rank

Graph and download economic data for Market Hotness: Hotness Rank in State College, PA (CBSA) (HORAYYMSA44300) from Aug 2018 to Oct 2025 about State College, rank, PA, and USA.

Mexico City's GDP amounted to approximately 3.81 trillion Mexican pesos in 2023. During that year, the GDP of the city corresponded to 14.8 percent of the national gross domestic product. This share turned the capital into the federal entity with the largest contribution to Mexico's economic output. On the flip side, the eastern state of Tlaxcala only represented 0.6 percent of the national GDP.

Graph and download economic data for Market Hotness: Hotness Rank in Las Vegas-Henderson-Paradise, NV (CBSA) (HORAMMMSA29820) from Aug 2017 to Oct 2025 about rank, Las Vegas, NV, and USA.

Graph and download economic data for Market Hotness: Nielsen Household Rank in District of Columbia (NIHHRACOUNTY11001) from Aug 2017 to Jul 2024 about nielsen, rank, DC, Washington, WV, MD, VA, households, and USA.

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.

Graph and download economic data for Market Hotness: Hotness Rank in Syracuse, NY (CBSA) (HORAMSA45060) from Aug 2017 to Oct 2025 about Syracuse, rank, NY, and USA.

Graph and download economic data for Market Hotness: Hotness Rank in District of Columbia, DC (HORAMMCOUNTY11001) from Aug 2017 to Sep 2025 about rank, DC, Washington, WV, MD, VA, 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 Market Hotness: Hotness Rank in Thurston County, WA (HORAMMCOUNTY53067) from Aug 2017 to Oct 2025 about Thurston County, WA; Olympia; rank; WA; and USA.