100+ datasets found
  1. U.S. real per capita GDP 2024, by state

    • statista.com
    Updated Jul 31, 2025
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    Statista (2025). U.S. real per capita GDP 2024, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
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    Dataset updated
    Jul 31, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United States
    Description

    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.

  2. T

    United States GDP

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 15, 2025
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    TRADING ECONOMICS (2025). United States GDP [Dataset]. https://tradingeconomics.com/united-states/gdp
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    xml, excel, json, csvAvailable download formats
    Dataset updated
    Jun 15, 2025
    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
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    United States
    Description

    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.

  3. U.S. real GDP growth 2023, by state

    • statista.com
    Updated Oct 15, 2024
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    Statista (2024). U.S. real GDP growth 2023, by state [Dataset]. https://www.statista.com/statistics/248058/percent-change-in-us-real-gross-domestic-product-gdp-by-state/
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    Dataset updated
    Oct 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

  4. I

    India Gross State Domestic Product Contribution to National Gross Domestic...

    • ceicdata.com
    Updated Nov 15, 2019
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    CEICdata.com (2019). India Gross State Domestic Product Contribution to National Gross Domestic Product: Odisha [Dataset]. https://www.ceicdata.com/en/india/memo-items-state-economy-gross-state-domestic-product-contribution-national-gross-domestic-product/gross-state-domestic-product-contribution-to-national-gross-domestic-product-odisha
    Explore at:
    Dataset updated
    Nov 15, 2019
    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
    Mar 1, 2013 - Mar 1, 2024
    Area covered
    India
    Variables measured
    Gross Domestic Product
    Description

    Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data was reported at 2.867 % in 2025. This records an increase from the previous number of 2.864 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data is updated yearly, averaging 2.638 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 2.947 % in 2022 and a record low of 2.386 % in 2016. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

  5. F

    Gross Domestic Product: All Industry Total in Georgia

    • fred.stlouisfed.org
    json
    Updated Jun 27, 2025
    + more versions
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    (2025). Gross Domestic Product: All Industry Total in Georgia [Dataset]. https://fred.stlouisfed.org/series/GANQGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 27, 2025
    License

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

    Area covered
    Georgia
    Description

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

  6. I

    India Gross State Domestic Product Contribution to National Gross Domestic...

    • ceicdata.com
    Updated Jan 20, 2019
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    CEICdata.com (2019). India Gross State Domestic Product Contribution to National Gross Domestic Product: Mizoram [Dataset]. https://www.ceicdata.com/en/india/memo-items-state-economy-gross-state-domestic-product-contribution-national-gross-domestic-product/gross-state-domestic-product-contribution-to-national-gross-domestic-product-mizoram
    Explore at:
    Dataset updated
    Jan 20, 2019
    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
    Mar 1, 2012 - Mar 1, 2023
    Area covered
    India
    Variables measured
    Gross Domestic Product
    Description

    Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Mizoram data was reported at 0.114 % in 2024. This records a decrease from the previous number of 0.114 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Mizoram data is updated yearly, averaging 0.105 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 0.124 % in 2020 and a record low of 0.083 % in 2012. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Mizoram data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

  7. I

    India NAS 2011-2012: Gross State Domestic Product: Uttar Pradesh

    • ceicdata.com
    Updated Nov 20, 2012
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    CEICdata.com (2012). India NAS 2011-2012: Gross State Domestic Product: Uttar Pradesh [Dataset]. https://www.ceicdata.com/en/india/memo-items-state-economy-gross-state-domestic-product/nas-20112012-gross-state-domestic-product-uttar-pradesh
    Explore at:
    Dataset updated
    Nov 20, 2012
    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
    Mar 1, 2013 - Mar 1, 2024
    Area covered
    India
    Variables measured
    Gross Domestic Product
    Description

    NAS 2011-2012: Gross State Domestic Product: Uttar Pradesh data was reported at 25,627,921.491 INR mn in 2024. This records an increase from the previous number of 22,586,314.965 INR mn for 2023. NAS 2011-2012: Gross State Domestic Product: Uttar Pradesh data is updated yearly, averaging 14,399,254.956 INR mn from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 25,627,921.491 INR mn in 2024 and a record low of 7,240,504.432 INR mn in 2012. NAS 2011-2012: Gross State Domestic Product: Uttar Pradesh data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI002: Memo Items: State Economy: Gross State Domestic Product.

  8. I

    India Gross State Domestic Product Contribution to National Gross Domestic...

    • ceicdata.com
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    CEICdata.com, India Gross State Domestic Product Contribution to National Gross Domestic Product: Andaman and Nicobar Islands [Dataset]. https://www.ceicdata.com/en/india/memo-items-state-economy-gross-state-domestic-product-contribution-national-gross-domestic-product/gross-state-domestic-product-contribution-to-national-gross-domestic-product-andaman-and-nicobar-islands
    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
    Mar 1, 2012 - Mar 1, 2023
    Area covered
    India
    Variables measured
    Gross Domestic Product
    Description

    Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andaman and Nicobar Islands data was reported at 0.042 % in 2024. This records a decrease from the previous number of 0.043 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andaman and Nicobar Islands data is updated yearly, averaging 0.047 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 0.071 % in 2010 and a record low of 0.042 % in 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andaman and Nicobar Islands data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

  9. I

    India NSDP Per Capita: Uttar Pradesh

    • ceicdata.com
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    CEICdata.com, India NSDP Per Capita: Uttar Pradesh [Dataset]. https://www.ceicdata.com/en/india/memo-items-state-economy-net-state-domestic-product-per-capita/nsdp-per-capita-uttar-pradesh
    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
    Mar 1, 2013 - Mar 1, 2024
    Area covered
    India
    Variables measured
    Gross Domestic Product
    Description

    NSDP Per Capita: Uttar Pradesh data was reported at 93,422.086 INR in 2024. This records an increase from the previous number of 83,056.934 INR for 2023. NSDP Per Capita: Uttar Pradesh data is updated yearly, averaging 57,944.312 INR from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 93,422.086 INR in 2024 and a record low of 32,002.002 INR in 2012. NSDP Per Capita: Uttar Pradesh data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI004: Memo Items: State Economy: Net State Domestic Product per Capita.

  10. F

    Nominal Gross Domestic Product for United States

    • fred.stlouisfed.org
    json
    Updated Sep 1, 2025
    + more versions
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    (2025). Nominal Gross Domestic Product for United States [Dataset]. https://fred.stlouisfed.org/series/NGDPSAXDCUSQ
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 1, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    United States
    Description

    Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q2 2025 about GDP and USA.

  11. F

    Gross Domestic Product: All Industry Total in Minnesota

    • fred.stlouisfed.org
    json
    Updated Mar 28, 2025
    + more versions
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    (2025). Gross Domestic Product: All Industry Total in Minnesota [Dataset]. https://fred.stlouisfed.org/series/MNNGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 28, 2025
    License

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

    Area covered
    Minnesota
    Description

    Graph and download economic data for Gross Domestic Product: All Industry Total in Minnesota (MNNGSP) from 1997 to 2024 about MN, GSP, industry, GDP, and USA.

  12. U

    United States US: GDP: Growth: Gross Value Added: Services

    • ceicdata.com
    Updated Mar 15, 2009
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    CEICdata.com (2009). United States US: GDP: Growth: Gross Value Added: Services [Dataset]. https://www.ceicdata.com/en/united-states/gross-domestic-product-annual-growth-rate/us-gdp-growth-gross-value-added-services
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    Dataset updated
    Mar 15, 2009
    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, 2004 - Dec 1, 2015
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States US: GDP: Growth: Gross Value Added: Services data was reported at 2.621 % in 2015. This records an increase from the previous number of 2.221 % for 2014. United States US: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.335 % from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 4.456 % in 1999 and a record low of -1.772 % in 2009. United States US: GDP: Growth: Gross Value Added: Services 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 growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

  13. F

    Gross Domestic Product: All Industry Total in Florida

    • fred.stlouisfed.org
    json
    Updated Jun 27, 2025
    + more versions
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    (2025). Gross Domestic Product: All Industry Total in Florida [Dataset]. https://fred.stlouisfed.org/series/FLNQGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 27, 2025
    License

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

    Area covered
    Florida
    Description

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

  14. F

    Gross Domestic Product: All Industry Total in Kansas

    • fred.stlouisfed.org
    json
    Updated Mar 28, 2025
    + more versions
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    (2025). Gross Domestic Product: All Industry Total in Kansas [Dataset]. https://fred.stlouisfed.org/series/KSNGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 28, 2025
    License

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

    Area covered
    Kansas
    Description

    Graph and download economic data for Gross Domestic Product: All Industry Total in Kansas (KSNGSP) from 1997 to 2024 about KS, GSP, industry, GDP, and USA.

  15. U.S. real gross domestic product 2023, by state

    • statista.com
    Updated Oct 15, 2024
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    Statista (2024). U.S. real gross domestic product 2023, by state [Dataset]. https://www.statista.com/statistics/248053/us-real-gross-domestic-product-gdp-by-state/
    Explore at:
    Dataset updated
    Oct 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    In 2023, the state of California added about 3.2 trillion chained (2017) U.S. dollars of value to the U.S. real gross domestic product (GDP). Total real GDP amounted to about 22.7 trillion chained (2017) U.S. dollars.

  16. U.S. real GDP of California 2000-2024

    • statista.com
    Updated Jul 31, 2025
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    Statista (2025). U.S. real GDP of California 2000-2024 [Dataset]. https://www.statista.com/statistics/187834/gdp-of-the-us-federal-state-of-california-since-1997/
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    Dataset updated
    Jul 31, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2024, the real gross domestic product (GDP) of California was 3.37 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.25 trillion U.S. dollars.

  17. H

    Monthly Economic Indicators - State Of Hawaii

    • opendata.hawaii.gov
    • data.wu.ac.at
    csv, json, rdf, xml
    Updated Dec 12, 2019
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    Business Economic Development and Tourism (2019). Monthly Economic Indicators - State Of Hawaii [Dataset]. https://opendata.hawaii.gov/dataset/monthly-economic-indicators-state-of-hawaii
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    rdf, xml, csv, jsonAvailable download formats
    Dataset updated
    Dec 12, 2019
    Dataset authored and provided by
    Business Economic Development and Tourism
    Area covered
    Hawaii
    Description

    1/ Historical labor force and jobs data revised. For details, see Hawaii DLIR http://www.hiwi.org/cgi/dataanalysis/?PAGEID=94 .
    2/ Data from January 1999 have been revised and consist of domestic and international air arrivals. They are not comparable to Eastbound and Westbound series.
    Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic
    Development and Tourism; county building departments; Honolulu Board of REALTORS® compiled by Harvey Shapiro, Title Guaranty of
    Hawaii and Realtors® Association of Maui, Inc. Final tables compiled by Statistics and Data Support Branch, READ, DBEDT

  18. Contribution of Mexican states to the national GDP 2023

    • statista.com
    Updated Feb 18, 2025
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    Statista (2025). Contribution of Mexican states to the national GDP 2023 [Dataset]. https://www.statista.com/statistics/1289347/gdp-mexico-city-share-total-mexico-gdp/
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    Dataset updated
    Feb 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    Mexico City's GDP amounted to approximately 3.81 trillion Mexican pesos in 2023. During that year, the GDP of the city corresponded to 14.8 percent of the national gross domestic product. This share turned the capital into the federal entity with the largest contribution to Mexico's economic output. On the flip side, the eastern state of Tlaxcala only represented 0.6 percent of the national GDP.

  19. Real GDP for the State of Iowa by Year, Accommodation and Food Services...

    • data.iowa.gov
    • mydata.iowa.gov
    application/rdfxml +5
    Updated Nov 9, 2024
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    U.S. Department of Commerce, Bureau of Economic Analysis (2024). Real GDP for the State of Iowa by Year, Accommodation and Food Services Sector [Dataset]. https://data.iowa.gov/Economic-Statistics/Real-GDP-for-the-State-of-Iowa-by-Year-Accommodati/v7p4-a7pi
    Explore at:
    json, xml, csv, application/rssxml, application/rdfxml, tsvAvailable download formats
    Dataset updated
    Nov 9, 2024
    Dataset provided by
    United States Department of Commercehttp://commerce.gov/
    The Bureau of Economic Analysishttp://www.bea.gov/
    Authors
    U.S. Department of Commerce, Bureau of Economic Analysis
    License

    https://www.usa.gov/government-workshttps://www.usa.gov/government-works

    Area covered
    Iowa
    Description

    This filtered view presents Real Gross Domestic Product for the accommodation and food services sector and its subsectors in the State of Iowa by year beginning in 1997.

    Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars.

    Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. The real estimates of gross domestic product (GDP) are measured in millions of chained dollars, but have been multiplied by 1,000,000 to display in dollars for visualization purposes. Values are only accurate to the nearest $100,000.

  20. I

    India GSDP: 2004-05p: Rajasthan

    • ceicdata.com
    Updated May 21, 2018
    + more versions
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    CEICdata.com (2018). India GSDP: 2004-05p: Rajasthan [Dataset]. https://www.ceicdata.com/en/india/memo-items-state-economy-gross-state-domestic-product
    Explore at:
    Dataset updated
    May 21, 2018
    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
    Mar 1, 2005 - Mar 1, 2015
    Area covered
    India
    Variables measured
    Gross Domestic Product
    Description

    GSDP: 2004-05p: Rajasthan data was reported at 2,722,274.800 INR mn in 2015. This records an increase from the previous number of 2,574,319.500 INR mn for 2014. GSDP: 2004-05p: Rajasthan data is updated yearly, averaging 1,862,445.400 INR mn from Mar 2005 (Median) to 2015, with 11 observations. The data reached an all-time high of 2,722,274.800 INR mn in 2015 and a record low of 1,277,456.500 INR mn in 2005. GSDP: 2004-05p: Rajasthan data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI002: Memo Items: State Economy: Gross State Domestic Product. Rebased from 2004-2005 base to 2011-2012 base. Replacement series ID: 374618477

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Statista (2025). U.S. real per capita GDP 2024, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
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U.S. real per capita GDP 2024, by state

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16 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jul 31, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2024
Area covered
United States
Description

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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