Graph and download economic data for Gross Domestic Product: All Industry Total in North Carolina (NCNGSP) from 1997 to 2024 about NC, GSP, industry, GDP, and USA.

In 2024, the real gross domestic product (GDP) of North Carolina was 661.95 billion U.S. dollars. This is a significant increase from the previous year, when the state's GDP stood at 638.07 billion U.S. dollars.

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

The state of Utah experienced the most significant GDP growth in 2024, growing by seven percent from 2023. Florida, South Carolina, and North Carolina also experienced high amounts of growth in the same period. North Dakota was the only state that saw a decrease in GDP, falling 0.8 percent.

Graph and download economic data for Total Gross Domestic Product for Charlotte-Concord-Gastonia, NC-SC (MSA) (NGMP16740) from 2001 to 2023 about Charlotte, SC, NC, industry, GDP, and USA.

Graph and download economic data for Total Gross Domestic Product for Raleigh, NC (MSA) (NGMP39580) from 2001 to 2023 about Raleigh, NC, 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.