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

In 2023, the real gross domestic product (GDP) of New Jersey was 656.48 billion U.S. dollars. This is a significant increase from the previous year, when the state's GDP stood at 646.7 billion U.S. dollars.

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

In 2023, the real gross domestic product of New Jersey increased by *** percent compared to the previous year. The state's real GDP experienced the most growth in 2021, when the GDP grew by *** percent when compared to the previous year. The shrinkage of the state's GDP in 2020 can be attributed to the COVID-19 pandemic.

In 2023, around 663.9 billion chained 2017 U.S. dollars of real value was added to the GDP of New Jersey from all industries. The mining, quarrying, and oil and gas extraction industry added about 414 million chained 2017 U.S. dollars of value to the state GDP in that same year.

Graph and download economic data for Gross Domestic Product: All Industries in Ocean County, NJ (GDPALL34029) from 2001 to 2023 about Ocean County, NJ; NJ; New York; 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.

Real Gross Domestic Product: State and Local in New Jersey was 52180.20000 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 Jersey reached a record high of 59370.40000 in January of 2008 and a record low of 49646.30000 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: State and Local in New Jersey - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Total Gross Domestic Product for Trenton, NJ (MSA) (NGMP45940) from 2001 to 2023 about Trenton, NJ, industry, GDP, and USA.

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.

Graph and download economic data for Gross Domestic Product: All Industries in Bergen County, NJ (GDPALL34003) from 2001 to 2023 about Bergen County, NJ; NJ; New York; industry; GDP; and USA.

Graph and download economic data for Gross Domestic Product: Government and Government Enterprises in Cumberland County, NJ (GDPGOVT34011) from 2001 to 2023 about Cumberland County, NJ; Vineland; enterprises; NJ; government; GDP; and USA.

United States - Real Gross Domestic Product Growth: Government and Government Enterprises in Morris County, NJ was 0.00000 % Chg. from Preceding Period in January of 2015, according to the United States Federal Reserve. Historically, United States - Real Gross Domestic Product Growth: Government and Government Enterprises in Morris County, NJ reached a record high of 1.00000 in January of 2000 and a record low of 0.00000 in January of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Real Gross Domestic Product Growth: Government and Government Enterprises in Morris County, NJ - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Gross Domestic Product: Government and Government Enterprises in Passaic County, NJ (GDPGOVT34031) from 2001 to 2023 about Passaic County, NJ; enterprises; NJ; New York; government; GDP; and USA.

Total Real Gross Domestic Product for Atlantic City-Hammonton, NJ (MSA) was 15025.70700 Mil. of Chn. 2009 $ in January of 2023, according to the United States Federal Reserve. Historically, Total Real Gross Domestic Product for Atlantic City-Hammonton, NJ (MSA) reached a record high of 15646.89500 in January of 2008 and a record low of 11074.52300 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Real Gross Domestic Product for Atlantic City-Hammonton, NJ (MSA) - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Real Gross Domestic Product: All Industries in Union County, NJ (REALGDPALL34039) from 2001 to 2023 about Union County, NJ; NJ; New York; real; industry; GDP; and USA.

Graph and download economic data for Real Gross Domestic Product: All Industries in Hudson County, NJ (REALGDPALL34017) from 2001 to 2023 about Hudson County, NJ; NJ; New York; real; industry; GDP; and USA.

Graph and download economic data for Gross Domestic Product: All Industries in Monmouth County, NJ (GDPALL34025) from 2001 to 2023 about Monmouth County, NJ; NJ; New York; industry; GDP; and USA.

Graph and download economic data for Real Gross Domestic Product: All Industries in Somerset County, NJ (REALGDPALL34035) from 2001 to 2023 about Somerset County, NJ; NJ; New York; real; industry; GDP; and USA.

Graph and download economic data for Total Gross Domestic Product for Ocean City, NJ (MSA) (NGMP36140) from 2001 to 2023 about Ocean City, NJ, industry, GDP, and USA.