In 2024, the real gross domestic product (GDP) of New York was about 1.83 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 1.79 trillion U.S. dollars.

Graph and download economic data for Gross Domestic Product: All Industry Total in New York (NYNGSP) from 1997 to 2024 about NY, GSP, industry, GDP, and USA.

This statistic shows the per capita real Gross Domestic Product of New York from 2000 to 2024. In 2024, the per capita real GDP of New York stood at 92,341 chained 2017 U.S. dollars.

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

Gross Domestic Product: All Industry Total in New York was 2363860.50000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in New York reached a record high of 2363860.50000 in January of 2025 and a record low of 981497.30000 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 New York - last updated from the United States Federal Reserve on September of 2025.

In 2023, the mining, quarrying, and oil and gas extraction industry added about 730 million chained 2017 U.S. dollars of value to New York's GDP. Total real GDP amounted to about 1.79 trillion chained 2017 U.S. dollars. In 2023, the per capita personal income in New York was 82,323 current U.S. dollars.

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

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.

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.

Gross Domestic Product: State and Local in New York was 185415.00000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: State and Local in New York reached a record high of 185415.00000 in January of 2024 and a record low of 67160.50000 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 New York - last updated from the United States Federal Reserve on September of 2025.

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

Gross Domestic Product: Federal Civilian in New York was 25014.00000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Federal Civilian in New York reached a record high of 25014.00000 in January of 2024 and a record low of 11510.20000 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 New York - last updated from the United States Federal Reserve on September of 2025.

New York GDP - Historical chart and current data through 2024.

Real Gross Domestic Product: State and Local in New York was 150272.60000 Mil. of Chn. 2009 $ in January of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: State and Local in New York reached a record high of 151690.10000 in January of 2019 and a record low of 130063.90000 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 New York - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in New York (NYAGRNGSP) from 1997 to 2024 about hunting, forestry, fishing, agriculture, NY, private industries, GSP, private, industry, GDP, and USA.

Chain-Type Quantity Index for Real GDP: All Industry Total in New York was 112.91000 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: All Industry Total in New York reached a record high of 112.91000 in January of 2024 and a record low of 66.83500 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: All Industry Total in New York - last updated from the United States Federal Reserve on September of 2025.

In 2024, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP of the United States. In that year, this industry added 6.2 trillion U.S. dollars to the national GDP. Gross Domestic Product Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it is not a good measure of the standard of living. GDP per capita at purchasing power parity is thought to be more reflective of living conditions within a particular country. U.S. GDP California added the largest amount of value to the real GDP of the U.S. in 2022. California was followed by Texas and New York. In California, the professional and business services industry was the most valuable to GDP in 2022. In New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2021, it was the information industry that had the biggest percentage change in value added to the GDP between 2010 and 2021.

In the fiscal year of 2024, New York's state debt stood at about ****** billion U.S. dollars. Comparatively, the state's debt was approximately ***** billion U.S. dollars in 2000. The national debt of the United Stated can be found here.

Gross Domestic Product: Information (NAICS 51) in New York was 195251.90000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Information (NAICS 51) in New York reached a record high of 195251.90000 in January of 2024 and a record low of 51899.20000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Information (NAICS 51) in New York - last updated from the United States Federal Reserve on September of 2025.

Chain-Type Quantity Index for Real GDP: Military in New York was 84.68900 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Military in New York reached a record high of 119.56700 in January of 2011 and a record low of 84.68900 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Military in New York - last updated from the United States Federal Reserve on September of 2025.