In 2023, the real gross domestic product (GDP) of Mississippi was 114.95 billion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 114.15 billion U.S. dollars.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Mississippi (MSRQGSP) from Q1 2005 to Q3 2024 about MS, GSP, real, industry, GDP, and USA.

In 2023, the per capita real gross domestic product of Mississippi was 39,103 chained 2017 U.S. dollars, a slight increase from the previous year. Since 2000, the per capita real GDP of Alabama was the highest in 2023

Graph and download economic data for Total Real Gross Domestic Product for Jackson, MS (MSA) (RGMP27140) from 2001 to 2023 about Jackson, MS, real, industry, GDP, and USA.

In 2023, the GDP of Mississippi amounted to around 119.55 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product of the state, amounting to around 20.39 billion U.S. dollars. In the same year, the retail trade industry contributed around 9.99 billion U.S. dollars to the state's real GDP.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Mississippi (MSRGSP) from 1997 to 2023 about MS, 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.

Graph and download economic data for Gross Domestic Product: All Industry Total in Mississippi (MSNQGSP) from Q1 2005 to Q3 2024 about MS, GSP, industry, GDP, and USA.

In 2020, the real GDP of Mississippi decreased by about 1.8 percent compared to the previous year. Mississippi's real GDP saw the most growth in 2003 when it grew by 4.3 percent compared to the year before.

Gross Domestic Product: All Industry Total in Mississippi was 158547.80000 Mil. of $ in July of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Mississippi reached a record high of 158547.80000 in July of 2024 and a record low of 81178.50000 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 Mississippi - last updated from the United States Federal Reserve on February of 2025.

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.

Graph and download economic data for Real Gross Domestic Product: Government and Government Enterprises in Jones County, MS (REALGDPGOVT28067) from 2001 to 2023 about Jones County, MS; enterprises; MS; government; real; GDP; and USA.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2023, with projections up until 2029. The gross domestic product of the United States in 2023 amounted to around 27.72 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.

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.; ;

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: New Mexico data was reported at 33,900.000 USD in 2012. This records an increase from the previous number of 33,872.000 USD for 2011. United States GDP by State per Capita: 2005p: New Mexico data is updated yearly, averaging 33,886.000 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 35,550.000 USD in 2004 and a record low of 30,001.000 USD in 1997. United States GDP by State per Capita: 2005p: New Mexico 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.

Graph and download economic data for Total Per Capita Real Gross Domestic Product for Jackson, MS (MSA) (DISCONTINUED) (PCRGMP27140) from 2001 to 2017 about Jackson, MS, per capita, real, industry, GDP, and USA.

Gross Domestic Product: Federal Civilian in Mississippi was 4280.60000 Mil. of $ in January of 2023, according to the United States Federal Reserve. Historically, Gross Domestic Product: Federal Civilian in Mississippi reached a record high of 4280.60000 in January of 2023 and a record low of 1647.20000 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 Mississippi - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Total Gross Domestic Product for Hattiesburg, MS (MSA) (NGMP25620) from 2001 to 2023 about Hattiesburg, MS, industry, GDP, and USA.

Gross Domestic Product: Private Goods-Producing Industries in Mississippi was 32693.90000 Mil. of $ in January of 2023, according to the United States Federal Reserve. Historically, Gross Domestic Product: Private Goods-Producing Industries in Mississippi reached a record high of 32693.90000 in January of 2023 and a record low of 15912.80000 in January of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Private Goods-Producing Industries in Mississippi - last updated from the United States Federal Reserve on March of 2025.