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Graph and download economic data for Gross Domestic Product: All Industry Total in Pennsylvania (PANGSP) from 1997 to 2024 about PA, GSP, industry, GDP, and USA.
In 2024, the real gross domestic product (GDP) of Pennsylvania was 818.53 billion U.S. dollars. This is a significant increase from the previous year, when the state's real GDP was 799.23 billion U.S. dollars.
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Graph and download economic data for Gross Domestic Product: All Industry Total in Pennsylvania (PANQGSP) from Q1 2005 to Q2 2025 about PA, GSP, industry, GDP, and USA.
In 2023, the real gross domestic product (GDP) of Pennsylvania increased by *** percent when compared to the previous year. 2021 saw the most growth that Pennsylvania's GDP has experienced since 2000. The shrinkage of the Pennsylvania GDP in 2020 can be attributed to the COVID-19 pandemic.
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Graph and download economic data for Real Gross Domestic Product: All Industry Total in Pennsylvania (PARGSP) from 1997 to 2024 about PA, GSP, real, industry, GDP, and USA.
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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.
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View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.
In 2023, the finance, insurance, real estate, rental, and leasing industry contributed a real value of 154.7 billion chained 2017 U.S. dollars to the Gross Domestic Product (GDP) of Pennsylvania. The mining, quarrying, and oil and gas extraction industry added 12.98 billion chained 2017 U.S. dollars of value to the state's GDP in that same year.
In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.
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The Gross Domestic Product (GDP) in the United States expanded 3.80 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
What does GDP growth mean?
Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022.
Countries with highest GDP growth rate
Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.
This statistic shows the per capita real Gross Domestic Product of Pennsylvania from 2000 to 2019. In 2019, the per capita real GDP of Pennsylvania stood at 56,868 chained 2012 U.S. dollars.
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The Gross Domestic Product (GDP) in the United States expanded 2.10 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.
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Graph and download economic data for Total Real Gross Domestic Product for Erie, PA (MSA) (RGMP21500) from 2001 to 2023 about Erie, PA, real, industry, GDP, and USA.
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Pennsylvania GDP - Historical chart and current data through 2025.
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.
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Gross Domestic Product: Government and Government Enterprises in Pennsylvania was 91790.90000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Gross Domestic Product: Government and Government Enterprises in Pennsylvania reached a record high of 91790.90000 in January of 2025 and a record low of 54663.80000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Government and Government Enterprises in Pennsylvania - last updated from the United States Federal Reserve on September of 2025.
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Gross Domestic Product: All Industry Total in Pennsylvania was 1024206.30000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Pennsylvania reached a record high of 1024206.30000 in January of 2024 and a record low of 357525.60000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in Pennsylvania - last updated from the United States Federal Reserve on October of 2025.
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Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q2 2025 about GDP and USA.
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Graph and download economic data for Gross Domestic Product: All Industry Total in Pennsylvania (PANGSP) from 1997 to 2024 about PA, GSP, industry, GDP, and USA.