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 Q2 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 2024. In 2024, the per capita real GDP of Massachusetts stood at 88,790 chained 2017 U.S. dollars.

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.

View yearly updates and historical trends for Massachusetts GDP YoY. Source: Bureau of Economic Analysis. Track economic data with YCharts analytics.

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 September of 2025.

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.

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.

Gross Domestic Product: State and Local in Massachusetts was 47989.70000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: State and Local in Massachusetts reached a record high of 47989.70000 in January of 2024 and a record low of 17104.80000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: State and Local in Massachusetts - last updated from the United States Federal Reserve on September 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.

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.

Real Gross Domestic Product: State and Local in Massachusetts was 38892.10000 Mil. of Chn. 2009 $ in January of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: State and Local in Massachusetts reached a record high of 39423.80000 in January of 2019 and a record low of 33125.30000 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 Massachusetts - last updated from the United States Federal Reserve on September of 2025.

Massachusetts GDP - Historical chart and current data through 2024.

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.

Chain-Type Quantity Index for Real GDP: State and Local in Massachusetts was 101.61900 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: State and Local in Massachusetts reached a record high of 103.00800 in January of 2019 and a record low of 86.55100 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: State and Local in Massachusetts - last updated from the United States Federal Reserve on September of 2025.

Key information about United States Real GDP Growth

• The Gross Domestic Product (GDP) in United States expanded 1.6 % YoY in Mar 2023, following a growth of 0.9 % in the previous quarter.
• Real GDP Growth YoY data in US is updated quarterly, available from Mar 1948 to Mar 2023, with an average rate of 3.0 %.
• The data reached an all-time high of 13.4 % in Dec 1950 and a record low of -8.4 % in Jun 2020.

• In the latest reports, Nominal GDP of US reached 6,621.6 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.4 % in Mar 2023.
• GDP Per Capita in US 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.