100+ datasets found
  1. U.S. real per capita GDP 2023, by state

    • statista.com
    Updated Jul 5, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). U.S. real per capita GDP 2023, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
    Explore at:
    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    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.

  2. U.S. per capita personal income, by state 2023

    • statista.com
    Updated Jul 5, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). U.S. per capita personal income, by state 2023 [Dataset]. https://www.statista.com/statistics/303555/us-per-capita-personal-income/
    Explore at:
    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    Residents of the District of Columbia had the highest personal income per capita in 2023, at 100,909 U.S. dollars. Mississippi residents, on the other hand, had the lowest personal income per capita, at 48,110 U.S. dollars. What is personal income? Personal income is the income that a worker receives from all sources, including salary, wages, bonuses, income from self-employment, dividends from investments, and receipts from real estate investments. Because of this, total personal income is different from the average wage, as personal income takes more factors into account than just salary and compensation. Income in the United States Wages and salaries in the United States can vary greatly depending on the profession a person is in, and the rise (or fall) of wages is seen as a key economic indicator as to the financial health of the country’s residents. In recent years, the increasing gap between CEO compensation and the compensation of the average worker has brought the issue of stagnating wages to the forefront of the national conversation.

  3. U.S. median household income 2023, by state

    • statista.com
    Updated Sep 16, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). U.S. median household income 2023, by state [Dataset]. https://www.statista.com/statistics/233170/median-household-income-in-the-united-states-by-state/
    Explore at:
    Dataset updated
    Sep 16, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    In 2023, the real median household income in the state of Alabama was 60,660 U.S. dollars. The state with the highest median household income was Massachusetts, which was 106,500 U.S. dollars in 2023. The average median household income in the United States was at 80,610 U.S. dollars.

  4. Per capita income in India FY 2024, by state

    • statista.com
    Updated Oct 8, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). Per capita income in India FY 2024, by state [Dataset]. https://www.statista.com/statistics/1027998/india-per-capita-income-by-state/
    Explore at:
    Dataset updated
    Oct 8, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    India
    Description

    The estimated per capita income across Sikkim was the highest among Indian states at around 588 thousand Indian rupees in the financial year 2024. Meanwhile, it was the lowest in the northern state of Bihar at over 60 thousand rupees. India’s youngest state, Telangana stood in the fifth place. The country's average per capita income that year was an estimated 184 thousand rupees. What is per capita income? Per capita income is a measure of the average income earned per person in a given area in a certain period. It is calculated by dividing the area's total income by its total population. If absolute numbers are noted, India’s per capita income doubled from the financial year 2015 to 2023. Wealth inequality However, as per economists, the increase in the per capita income of a country does not always reflect an increase in the income of the entire population. Wealth distribution in India remains highly skewed. The average income hides the disbursal and inequality in a society. Especially in a society like India where the top one percent owned over 40 percent of the total wealth in 2022.

  5. M

    U.S. GDP Per Capita 1960-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    MACROTRENDS (2025). U.S. GDP Per Capita 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-per-capita
    Explore at:
    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Mar 14, 2025
    Area covered
    United States
    Description

    GDP per capita is gross domestic product divided by midyear population. GDP 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 U.S. dollars.

  6. United States GDP per Capita

    • ceicdata.com
    Updated Apr 15, 2023
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2023). United States GDP per Capita [Dataset]. https://www.ceicdata.com/en/indicator/united-states/gdp-per-capita
    Explore at:
    Dataset updated
    Apr 15, 2023
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    United States
    Variables measured
    Gross National Income
    Description

    Key information about United States GDP Per Capita

    • United States Gross Domestic Product (GDP) per Capita reached 59,484.000 USD in Dec 2017, compared with 57,542.000 USD in Dec 2016.
    • US GDP Per Capita data is updated yearly, available from Dec 1929 to Dec 2017, with an average number of 6,740.000 USD.
    • The data reached an all-time high of 59,484.000 USD in Dec 2017 and a record low of 455.000 in Dec 1933.


    Related information about United States GDP Per Capita data

    • In the latest reports, US GDP expanded 1.800 % YoY in Mar 2023.
    • US Nominal GDP reached 6,632.444 USD bn in Mar 2023.
    • Its GDP deflator (implicit price deflator) increased 5.336 % in Mar 2023.
    • Gross Savings Rate of US was measured at 16.000 % in Mar 2023.

  7. F

    Real Median Personal Income in the United States

    • fred.stlouisfed.org
    json
    Updated Sep 10, 2024
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2024). Real Median Personal Income in the United States [Dataset]. https://fred.stlouisfed.org/series/MEPAINUSA672N
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 10, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Real Median Personal Income in the United States (MEPAINUSA672N) from 1974 to 2023 about personal income, personal, median, income, real, and USA.

  8. Per Capita Income in the United States

    • hub.arcgis.com
    Updated Jun 26, 2018
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Esri (2018). Per Capita Income in the United States [Dataset]. https://hub.arcgis.com/maps/esri::per-capita-income-in-the-united-states/about
    Explore at:
    Dataset updated
    Jun 26, 2018
    Dataset authored and provided by
    Esrihttp://esri.com/
    Area covered
    Description

    Important Note: This item is in mature support as of June 2023 and will be retired in December 2025. This map shows per capita income (income per person) in the U.S. in 2022 in a multiscale map by country, state, county, ZIP Code, tract, and block group. ArcGIS Online subscription required. Per capita income is calculated by taking the sum of all incomes and dividing by the total population.The pop-up is configured to include the following information for each geography level:2022 Per capita incomeTotal population2027 projected per capita incomePermitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

  9. Population and Per Capita Income Estimates, 1969-1975

    • icpsr.umich.edu
    ascii, sas, spss
    Updated Feb 16, 1992
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Population and Per Capita Income Estimates, 1969-1975 [Dataset]. https://www.icpsr.umich.edu/web/ICPSR/studies/7577
    Explore at:
    spss, sas, asciiAvailable download formats
    Dataset updated
    Feb 16, 1992
    Dataset provided by
    Inter-university Consortium for Political and Social Researchhttps://www.icpsr.umich.edu/web/pages/
    Authors
    United States. Bureau of the Census
    License

    https://www.icpsr.umich.edu/web/ICPSR/studies/7577/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/7577/terms

    Time period covered
    1969 - 1975
    Area covered
    Oklahoma, Colorado, Mississippi, Rhode Island, New Mexico, Connecticut, Hawaii, New Jersey, Utah, Washington
    Description

    This data collection contains population and per capita income estimates for over 39,000 governmental entities in the United States, recorded for selected years from 1969 to 1975. These estimates were developed to provide updates of the data elements in federal revenue sharing allocations under the state and local Fiscal Assistance Act of 1972. Estimates recorded in the data file are for July 1 of the respective years, while per capita income refers to the entire year. Data items included are population in 1970 as recorded in the decennial census of that year, population estimates for 1973 and 1975, and per capita money income estimates for 1969, 1972, and 1974.

  10. T

    Per Capita Personal Income in Mississippi

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Nov 30, 2017
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2017). Per Capita Personal Income in Mississippi [Dataset]. https://tradingeconomics.com/united-states/per-capita-personal-income-in-mississippi-$-q-nsa-fed-data.html
    Explore at:
    json, xml, csv, excelAvailable download formats
    Dataset updated
    Nov 30, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Mississippi
    Description

    Per Capita Personal Income in Mississippi was 52441.00000 $ in July of 2024, according to the United States Federal Reserve. Historically, Per Capita Personal Income in Mississippi reached a record high of 52441.00000 in July of 2024 and a record low of 664.00000 in July of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Income in Mississippi - last updated from the United States Federal Reserve on March of 2025.

  11. d

    Year and State-wise Amount of Per Capita Income at Current and Constant...

    • dataful.in
    Updated Mar 26, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Dataful (Factly) (2025). Year and State-wise Amount of Per Capita Income at Current and Constant Prices for the Base Years 1980-81, 1993-94, 1999-00, 2004-05 and 2011-12 [Dataset]. https://dataful.in/datasets/19270
    Explore at:
    xlsx, application/x-parquet, csvAvailable download formats
    Dataset updated
    Mar 26, 2025
    Dataset authored and provided by
    Dataful (Factly)
    License

    https://dataful.in/terms-and-conditionshttps://dataful.in/terms-and-conditions

    Time period covered
    1990 - 2022
    Area covered
    India
    Variables measured
    Per Capita Income
    Description

    This dataset measures the Per Capita Income of each state and union territory at a yearly frequency. Per Capita Income or PCI is the amount of money earned by a person of a particular region or a country in a given time.

  12. U.S. per capita disposable personal income 2023, by state

    • statista.com
    Updated Oct 14, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    U.S. per capita disposable personal income 2023, by state [Dataset]. https://www.statista.com/statistics/303534/us-per-capita-disposable-personal-income/
    Explore at:
    Dataset updated
    Oct 14, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    In 2023, the national per capita disposable personal income was 61,291 U.S. dollars. In the same year, the total per capita disposable personal income in the state of Connecticut was 76,114 U.S. dollars.

  13. F

    Per Capita Personal Income in California

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). Per Capita Personal Income in California [Dataset]. https://fred.stlouisfed.org/series/CAPCPI
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 4, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    California
    Description

    Graph and download economic data for Per Capita Personal Income in California (CAPCPI) from 1929 to 2023 about personal income, per capita, CA, personal, income, and USA.

  14. d

    State-wise Decadal Change of States Relative Per Capita Income compared to...

    • dataful.in
    Updated Mar 20, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Dataful (Factly) (2025). State-wise Decadal Change of States Relative Per Capita Income compared to National Average [Dataset]. https://dataful.in/datasets/20246
    Explore at:
    csv, xlsx, application/x-parquetAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset authored and provided by
    Dataful (Factly)
    License

    https://dataful.in/terms-and-conditionshttps://dataful.in/terms-and-conditions

    Area covered
    States of India
    Variables measured
    Per capita Income
    Description

    This Dataset contains state-wise share of states per capita income compared to national average

    Note: Relative per capita income is calculated as Per capita NSDP of state divided by Per capita NNI of India multiplied by 100

  15. U

    United States US: GDP: Growth: GNI per Capita

    • ceicdata.com
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com, United States US: GDP: Growth: GNI per Capita [Dataset]. https://www.ceicdata.com/en/united-states/gross-domestic-product-annual-growth-rate/us-gdp-growth-gni-per-capita
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2005 - Dec 1, 2016
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States US: GDP: Growth: GNI per Capita data was reported at 0.675 % in 2016. This records a decrease from the previous number of 1.876 % for 2015. United States US: GDP: Growth: GNI per Capita data is updated yearly, averaging 2.062 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.200 % in 1984 and a record low of -3.728 % in 2009. United States US: GDP: Growth: GNI per Capita 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: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

  16. M

    U.S. GNI Per Capita 1962-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    MACROTRENDS (2025). U.S. GNI Per Capita 1962-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gni-per-capita
    Explore at:
    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1962 - Mar 14, 2025
    Area covered
    United States
    Description

    GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

  17. F

    Personal income per capita

    • fred.stlouisfed.org
    json
    Updated Feb 27, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). Personal income per capita [Dataset]. https://fred.stlouisfed.org/series/A792RC0A052NBEA
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Feb 27, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Personal income per capita (A792RC0A052NBEA) from 1929 to 2024 about personal income, per capita, personal, income, GDP, and USA.

  18. T

    Per Capita Personal Income in Florida

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Dec 20, 2023
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2023). Per Capita Personal Income in Florida [Dataset]. https://tradingeconomics.com/united-states/per-capita-personal-income-in-florida-$-a-na-fed-data.html
    Explore at:
    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Dec 20, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Florida
    Description

    Per Capita Personal Income in Florida was 68703.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Per Capita Personal Income in Florida reached a record high of 68703.00000 in January of 2023 and a record low of 289.00000 in January of 1933. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Income in Florida - last updated from the United States Federal Reserve on March of 2025.

  19. T

    United States - Disposable personal income: Per capita

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 18, 2019
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2019). United States - Disposable personal income: Per capita [Dataset]. https://tradingeconomics.com/united-states/disposable-personal-income-per-capita-dollar-fed-data.html
    Explore at:
    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    Jun 18, 2019
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    United States - Disposable personal income: Per capita was 64441.00000 $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Disposable personal income: Per capita reached a record high of 64441.00000 in October of 2024 and a record low of 1184.00000 in April of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Disposable personal income: Per capita - last updated from the United States Federal Reserve on March of 2025.

  20. T

    Real Per Capita Personal Income for United States

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 5, 2020
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2020). Real Per Capita Personal Income for United States [Dataset]. https://tradingeconomics.com/united-states/real-per-capita-personal-income-for-united-states-fed-data.html
    Explore at:
    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Mar 5, 2020
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    Real Per Capita Personal Income for United States was 57937.00000 Chn. 2009 $ in January of 2023, according to the United States Federal Reserve. Historically, Real Per Capita Personal Income for United States reached a record high of 59153.00000 in January of 2021 and a record low of 44204.00000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Per Capita Personal Income for United States - last updated from the United States Federal Reserve on March of 2025.

Share
FacebookFacebook
TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Statista (2024). U.S. real per capita GDP 2023, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
Organization logo

U.S. real per capita GDP 2023, by state

Explore at:
17 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jul 5, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2023
Area covered
United States
Description

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.

Search
Clear search
Close search
Google apps
Main menu