In 2023, the real gross domestic product (GDP) of Rhode Island was 63.17 billion U.S. dollars. This is an increase from the previous year, when the state's real GDP stood at 62.19 billion U.S. dollars.

Graph and download economic data for Gross Domestic Product: All Industry Total in Rhode Island (RINGSP) from 1997 to 2023 about RI, GSP, industry, GDP, and USA.

In 2023, the per capita real gross domestic product of Rhode Island was 57,641 chained 2017 U.S. dollars, a slight increase from the previous year. Since 2000, the per capita real GDP of Rhode Island was the highest in 2023.

Graph and download economic data for Gross Domestic Product: All Industry Total in Rhode Island (RINQGSP) from Q1 2005 to Q3 2024 about RI, GSP, industry, GDP, and USA.

In 2023, the GDP of Rhode Island totaled around 63.28 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product (GDP) of the state, amounting to around 15.24 billion U.S. dollars. Comparatively, the manufacturing industry contributed around 4.57 billion U.S. dollars to the state's real GDP.

In 2019, the real GDP of Rhode Island grew by about 3.3 percent compared to 2018. Rhode Island's real GDP saw the most growth in 2004 when it grew by 7.4 percent compared to 2003. Alternatively, Rhode Island's real GDP saw the most loss in 2008 when it decreased by 1.4 percent compared to 2007.

Graph and download economic data for Gross Domestic Product: All Industries in Kent County, RI (GDPALL44003) from 2001 to 2023 about Kent County, RI; Providence; RI; industry; GDP; and USA.

Real Gross Domestic Product: All Industry Total in Rhode Island was 65595.20000 Mil. of Chn. 2009 $ in July of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: All Industry Total in Rhode Island reached a record high of 65595.20000 in July of 2024 and a record low of 53520.50000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: All Industry Total in Rhode Island - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Real Gross Domestic Product: Private Goods-Producing Industries in Providence County, RI (REALGDPGOODS44007) from 2001 to 2023 about Providence County, RI; Providence; RI; goods-producing; private; real; industry; GDP; and USA.

In 2019, Rhode Island's arts and cultural production industry contributed 2.06 billion U.S. dollars to the national Gross Domestic Product (GDP) of the United States. This was a slight increase from its 2001 value of 1.69 billion U.S. dollars.

Gross Domestic Product: State and Local in Rhode Island was 6283.70000 Mil. of $ in January of 2023, according to the United States Federal Reserve. Historically, Gross Domestic Product: State and Local in Rhode Island reached a record high of 6283.70000 in January of 2023 and a record low of 2521.30000 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 Rhode Island - last updated from the United States Federal Reserve on March of 2025.

74.093,5 (million US dollars) in 2023Q1. Gross state product (GSP). A measurement of a state's output; it is the sum of value added from all industries in the state. GSP is the state counterpart to the Nation's gross domestic product (GDP). Value added. The gross output of an industry or a sector less its intermediate inputs; the contribution of an industry or sector to gross domestic product (GDP). Value added by industry can also be measured as the sum of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

Graph and download economic data for Real Gross Domestic Product: Government and Government Enterprises in Newport County, RI (REALGDPGOVT44005) from 2001 to 2023 about Newport County, RI; Providence; RI; enterprises; government; real; GDP; and USA.

United States GDP by State per Capita: 2005p: Rhode Island data was reported at 41,678.000 USD in 2012. This records an increase from the previous number of 41,061.000 USD for 2011. United States GDP by State per Capita: 2005p: Rhode Island data is updated yearly, averaging 40,782.500 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 42,287.000 USD in 2006 and a record low of 33,633.000 USD in 1997. United States GDP by State per Capita: 2005p: Rhode Island data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A174: NIPA 2009: Gross Domestic Product by State: Per Capita.

Gross Domestic Product: Manufacturing (NAICS 31-33) in Rhode Island was 5632.50000 Mil. of $ in July of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Manufacturing (NAICS 31-33) in Rhode Island reached a record high of 5632.50000 in July of 2024 and a record low of 3847.50000 in April of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Manufacturing (NAICS 31-33) in Rhode Island - last updated from the United States Federal Reserve on March of 2025.

681.1 (millions of current dollars) in 2023Q1. Current-dollar GDP (millions of current dollars)

Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (NAICS 324) in Rhode Island was 270.55600 Index 2009=100 in January of 2020, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (NAICS 324) in Rhode Island reached a record high of 407.44600 in January of 2003 and a record low of 56.10900 in January of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (NAICS 324) in Rhode Island - last updated from the United States Federal Reserve on March of 2025.

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: Utilities (NAICS 22) in Rhode Island was 1217.60000 Mil. of Chn. 2009 $ in July of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: Utilities (NAICS 22) in Rhode Island reached a record high of 1225.20000 in April of 2024 and a record low of 643.30000 in April of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: Utilities (NAICS 22) in Rhode Island - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Real Gross Domestic Product: Professional and Business Services (54, 55, 56) in Rhode Island (RIPROBUSRGSP) from 1997 to 2023 about RI, professional, GSP, private industries, business, services, private, real, industry, GDP, and USA.