Graph and download economic data for Gross Domestic Product: All Industry Total in Washington (WANGSP) from 1997 to 2024 about WA, GSP, industry, GDP, and USA.

In 2023, the real gross domestic product (GDP) of Washington was 672.13 billion U.S. dollars. This is a significant increase from the previous year, when the state's real GDP stood at 641.14 billion U.S. dollars.

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

In 2023, the real gross domestic product (GDP) of Washington increased by *** percent compared to the previous year. The state's real GDP experienced the most growth in 2018, when the GDP grew by *** percent. Unlike many states, the real GDP of Washington grew by *** percent in 2020, the year of the COVID-19 pandemic, whereas GDP shrank in other states across the country.

Graph and download economic data for Gross Domestic Product: All Industry Total in Washington (WANQGSP) from Q1 2005 to Q1 2025 about WA, GSP, industry, GDP, and USA.

The gross domestic product (GDP) of Washington in 2023 amounted to around 677 billion U.S. dollars. In 2023, the information industry added 138.22 billion chained 2017 U.S. dollars of value to the state GDP.

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) 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.

This statistic shows the per capita real Gross Domestic Product of Washington from 2000 to 2019. In 2019, the per capita real GDP of Washington stood at 69,761 chained 2012 U.S. dollars.

Graph and download economic data for Real Gross Domestic Product: All Industries in King County, WA (REALGDPALL53033) from 2001 to 2023 about King County, WA; Seattle; WA; 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.

Graph and download economic data for Real Gross Domestic Product: Construction (23) in Washington (WACONSTRGSP) from 1997 to 2024 about WA, GSP, private industries, construction, private, real, industry, GDP, and USA.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: State and Local in Washington (WAGOVSLQGSP) from 1997 to 2024 about state & local, quantity index, WA, GSP, government, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: All Industries in Pierce County, WA (GDPALL53053) from 2001 to 2023 about Pierce County, WA; Seattle; WA; industry; GDP; and USA.

Graph and download economic data for Real Gross Domestic Product: All Industries in Snohomish County, WA (REALGDPALL53061) from 2001 to 2023 about Snohomish County, WA; Seattle; WA; real; industry; GDP; and USA.

Graph and download economic data for Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Washington (WAAGRRQGSP) from Q1 2005 to Q1 2025 about hunting, forestry, fishing, agriculture, WA, GSP, private industries, private, real, industry, GDP, and USA.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: All Industry Total in Washington (WAQGSP) from 1997 to 2024 about quantity index, WA, GSP, industry, GDP, and USA.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: All Industry Total in Washington (WAQQGSP) from Q1 2005 to Q1 2025 about quantity index, WA, GSP, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: State and Local in Washington (WAGOVSLNGSP) from 1997 to 2024 about state & local, WA, GSP, government, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: All Industries in Adams County, WA (GDPALL53001) from 2001 to 2023 about Adams County, WA; WA; industry; GDP; and USA.