In 2023, the real gross domestic product of Alabama amounted to about 241.75 billion U.S. dollars. This is an increase from the previous year, when the state's real GDP amounted to 235.81 billion U.S. dollars.

Graph and download economic data for Gross Domestic Product: Manufacturing (31-33) in Alabama (ALMANNGSP) from 1997 to 2024 about AL, GSP, private industries, private, manufacturing, industry, GDP, and USA.

In 2023, the GDP of Alabama amounted to around 245.35 billion U.S. dollars. The finance, insurance, real estate, rental and leasing industry added the most value to the state GDP, bringing in 41.78 billion U.S. dollars. In the same year, the retail trade industry brought in 17.09 billion U.S. dollars in real value to Alabama's state GDP.

In 2023, the real gross domestic product (GDP) of Alabama increased by about 2.8 percent compared to the previous year. The largest growth occurred in 2004, when the real GDP increased by 6.7 percent. The GDP of the United States increased 2.9 percent in 2023.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Alabama (ALRQGSP) from Q1 2005 to Q1 2025 about AL, GSP, real, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Alabama (ALRGSP) from 1997 to 2024 about AL, GSP, real, industry, GDP, and USA.

In 2019, the per capita real gross domestic product of Alabama was 41,389 chained 2012 U.S. dollars, a slight increase from the previous year. The real per capita GDP of Alabama was has increased since 2000, when it was 35,165 U.S. dollars.

The Gross Domestic Product per capita in the United States was last recorded at 66682.61 US dollars in 2024. The GDP per Capita in the United States is equivalent to 528 percent of the world's average. This dataset provides - United States GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state).

For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

Gross Domestic Product: All Industry Total in Alabama was 329002.40000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Alabama reached a record high of 329002.40000 in October of 2024 and a record low of 155647.00000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in Alabama - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Gross Domestic Product: Construction (23) in Alabama (ALCONSTNQGSP) from Q1 2005 to Q1 2025 about AL, GSP, private industries, construction, private, industry, GDP, and USA.

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.

The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - 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) 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.

United States US: GDP data was reported at 19,390.604 USD bn in 2017. This records an increase from the previous number of 18,624.475 USD bn for 2016. United States US: GDP data is updated yearly, averaging 5,455.161 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 19,390.604 USD bn in 2017 and a record low of 543.300 USD bn in 1960. United States US: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Graph and download economic data for Real Gross Domestic Product: Information (51) in Alabama (ALINFORQGSP) from Q1 2005 to Q1 2025 about information, AL, GSP, private industries, private, real, industry, GDP, and USA.

Real Gross Domestic Product: State and Local in Alabama was 25681.60000 Mil. of Chn. 2009 $ in January of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: State and Local in Alabama reached a record high of 25681.60000 in January of 2024 and a record low of 20678.20000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: State and Local in Alabama - last updated from the United States Federal Reserve on June of 2025.

United States US: GDP: per Capita data was reported at 59,531.662 USD in 2017. This records an increase from the previous number of 57,588.538 USD for 2016. United States US: GDP: per Capita data is updated yearly, averaging 22,202.835 USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 59,531.662 USD in 2017 and a record low of 3,007.123 USD in 1960. United States US: GDP: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in the United States amounted to around 85,812.18 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide. See the U.S. GDP growth rate here and the US GDP for further information. For comparison, per capita GDP in China had reached about 5,553 U.S. dollars in 2011. Gross domestic product of the United States The gross domestic product (GDP) of a country is an economic key figure, as it represents the market value of goods and services produced in a country within one year. The United States’ GDP) is increasing consistently, and it is expected to continue growing. On a global scale, the U.S. share of GDP adjusted for Purchasing Power Parity has been in the range of 20 percent over the last few years, give or take a few percentage points. The United States has the largest GDP worldwide, with a significant lead over China, Japan and Germany. Gross domestic product per capita is annual GDP divided by the average population from the same year, which allows for a GDP calculation per inhabitant of a country. Thus, a country with a high GDP, like the United States, can still have a low GDP per capita. Consequently, if compared to other countries, the United States does not rank among the top ten on this list .

United States Gross Domestic Product by State (GDPS): 2009p: Per Capita: Alabama data was reported at 37,508.000 USD in 2017. This records an increase from the previous number of 37,158.000 USD for 2016. United States Gross Domestic Product by State (GDPS): 2009p: Per Capita: Alabama data is updated yearly, averaging 36,440.000 USD from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 37,735.000 USD in 2006 and a record low of 31,398.000 USD in 1997. United States Gross Domestic Product by State (GDPS): 2009p: Per Capita: Alabama 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.A173: NIPA 2013: GDP by State: Southeast Region: Chain Linked 2009 Price.