In 2023, the real gross domestic product (GDP) of Massachusetts was about 615.15 billion U.S. dollars. This is an increase from the previous year, when the state's GDP stood at 604.36 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 Gross Domestic Product for Boston-Cambridge-Newton, MA-NH (MSA) (NGMP14460) from 2001 to 2023 about Boston, NH, MA, industry, GDP, and USA.

This statistic shows the per capita real Gross Domestic Product of Massachusetts from 2000 to 2023. In 2023, the per capita real GDP of Massachusetts stood at 87,861 chained 2017 U.S. dollars.

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/).

In 2023, the GDP of Massachusetts amounted to around 616 billion U.S. dollars. In that year, the finance, insurance, real estate, rental, and leasing industry added about 132.55 billion chained 2017 U.S. dollars of value to the state GDP.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Massachusetts (MARGSP) from 1997 to 2024 about MA, GSP, real, 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) 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.

The Gross Domestic Product (GDP) in the United States was worth 27720.71 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United States represents 26.29 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.

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.

Gross Domestic Product: Government and Government Enterprises in Massachusetts was 69506.80000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Government and Government Enterprises in Massachusetts reached a record high of 69506.80000 in October of 2024 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 June of 2025.

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

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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 June of 2025.

Gross Domestic Product: All Industry Total in Massachusetts was 794017.50000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Massachusetts reached a record high of 794017.50000 in October of 2024 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 June 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.

Graph and download economic data for Gross Domestic Product: Real Estate (531) in Massachusetts (MAREALNGSP) from 1997 to 2023 about leases, finance, MA, insurance, rent, real estate, GSP, private industries, private, industry, GDP, and USA.