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

In 2024, the real gross domestic product (GDP) of Massachusetts was about 633.62 U.S. dollars. This is an increase from the previous year, when the state's GDP stood at 615.5 billion U.S. dollars.

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

In 2023, the real gross domestic product (GDP) of Massachusetts increased by roughly 1.2 percent compared to the previous year. The state's GDP experienced the most growth in 2000, when it increased by 8.1 percent when compared to the previous year.

Graph and download economic data for Total Real Gross Domestic Product for Boston-Cambridge-Newton, MA-NH (MSA) (RGMP14460) from 2001 to 2023 about Boston, NH, MA, real, industry, GDP, and USA.

This statistic shows the per capita real Gross Domestic Product of Massachusetts from 2000 to 2024. In 2024, the per capita real GDP of Massachusetts stood at 88,790 chained 2017 U.S. dollars.

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.

In 2023, the GDP of Massachusetts amounted to around *** billion U.S. dollars. In that year, the finance, insurance, real estate, rental, and leasing industry added about ****** billion chained 2017 U.S. dollars of value to the state GDP.

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.

United States GDP by State per Capita: 2005p: Massachusetts data was reported at 53,221.000 USD in 2012. This records an increase from the previous number of 52,517.000 USD for 2011. United States GDP by State per Capita: 2005p: Massachusetts data is updated yearly, averaging 50,067.500 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 53,221.000 USD in 2012 and a record low of 40,822.000 USD in 1997. United States GDP by State per Capita: 2005p: Massachusetts data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A174: NIPA 2009: Gross Domestic Product by State: Per Capita.

Gross Domestic Product: Federal Civilian in Massachusetts was 12228.50000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Federal Civilian in Massachusetts reached a record high of 12228.50000 in January of 2024 and a record low of 4772.00000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Federal Civilian in Massachusetts - last updated from the United States Federal Reserve on August of 2025.

Gross Domestic Product: Government and Government Enterprises in Massachusetts was 70158.90000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Gross Domestic Product: Government and Government Enterprises in Massachusetts reached a record high of 70158.90000 in January of 2025 and a record low of 36553.80000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Government and Government Enterprises in Massachusetts - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Gross Domestic Product: All Industries in Middlesex County, MA (GDPALL25017) from 2001 to 2023 about Middlesex County, MA; Boston; MA; industry; GDP; and USA.

Gross Domestic Product: Nondurable Goods Manufacturing (NAICS 311-316, 322-326) in Massachusetts was 30115.60000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Gross Domestic Product: Nondurable Goods Manufacturing (NAICS 311-316, 322-326) in Massachusetts reached a record high of 31027.70000 in October of 2024 and a record low of 10096.20000 in April of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Nondurable Goods Manufacturing (NAICS 311-316, 322-326) in Massachusetts - last updated from the United States Federal Reserve on August of 2025.

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.

Key information about United States Nominal GDP

• United States Nominal GDP reached 6,621.6 USD bn in Mar 2023, compared with 6,534.5 USD bn in the previous quarter.
• Nominal GDP in US is updated quarterly, available from Mar 1947 to Mar 2023, with an average number of 1,057.5 USD bn.
• The data reached an all-time high of 6,621.6 USD bn in Mar 2023 and a record low of 60.8 USD bn in Mar 1947.

• In the latest reports, US GDP expanded 1.6 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.4 % in Mar 2023.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.
• Its Gross Savings Rate was measured at 15.9 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 20.7 % in Mar 2023.
• Public Consumption accounted for 14.1 % in Mar 2023.
• Private Consumption accounted for 67.9 % in Mar 2023.

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.

Gross Domestic Product: All Industry Total in Massachusetts was 798057.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Massachusetts reached a record high of 798057.00000 in January of 2025 and a record low of 334948.80000 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 Massachusetts - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Gross Domestic Product: Construction (23) in Massachusetts (MACONSTNGSP) from 1997 to 2024 about MA, GSP, private industries, construction, private, industry, GDP, and USA.