The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

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.

The state with the highest tech economic impact as a share of the U.S.' total economy in 2023 was Washington, valued at 21.8 percent. It was followed by California with 16.7 percent and Massachusetts with nearly 12.6 percent.

In 2023, the in-state video game industry in California accounted for a total output impact (direct, indirect, and induced) of over 55 billion U.S. dollars. Many leading gaming developers and publishers are headquartered in California, and notable studios in CA include PlayStation, Activision Blizzard, Riot Games, and Naughty Dog.

Graph and download economic data for Expenditures: Cash Contributions by Highest Education: College Graduate: Bachelor's Degree (CXUCASHCONTLB1408M) from 2012 to 2023 about cash, contributions, tertiary schooling, expenditures, education, and USA.

In 2023, the U.S. GDP increased from the previous year to about 27.36 trillion U.S. dollars. This increase in GDP can be attributed to a continued rebound from the impact of the coronavirus pandemic. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2023, the United States has the largest economy in the world. See, for example, the Russian GDP for comparison.

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.

In 2023, Florida was the U.S. state that benefitted most from the economic impact generated by sports tourism. Texas and California rounded out the top three in the ranking.

The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In February 2025, the national unemployment rate was at 4.1 percent. Seasonal adjustment is a statistical method of removing the seasonal component of a time series that is used when analyzing non-seasonal trends. U.S. monthly unemployment rate According to the Bureau of Labor Statistics - the principle fact-finding agency for the U.S. Federal Government in labor economics and statistics - unemployment decreased dramatically between 2010 and 2019. This trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. However, after a smaller financial crisis due to the COVID-19 pandemic, unemployment reached 8.1 percent in 2020. As the economy recovered, the unemployment rate fell to 5.3 in 2021, and fell even further in 2022. Additional statistics from the BLS paint an interesting picture of unemployment in the United States. In November 2023, the states with the highest (seasonally adjusted) unemployment rate were the Nevada and the District of Columbia. Unemployment was the lowest in Maryland, at 1.8 percent. Workers in the agricultural and related industries suffered the highest unemployment rate of any industry at seven percent in December 2023.

In 2022, companies receiving private credit in the United States contributed to the country's gross domestic product (GDP) with 90 billion U.S. dollars and generated 545,000 jobs earning 57.4 billion U.S. dollars of wage and benefits. California, Texas, and New York were the states with the highest employment figures, wages, and GPD related to companies receiving private credit.

Graph and download economic data for Income Before Taxes: Unemployment and Workers' Compensation, Veterans' Benefits, and Regular Contributions by Highest Education: College Graduate: Total (CXUOTHREGINLB1407M) from 2013 to 2023 about veterans, contributions, compensation, benefits, tertiary schooling, workers, tax, education, income, unemployment, and USA.

The data we use comes from government agencies and mainstream media. We fill the missing data using regression imputation. The pandemic data comes from the Center for Diseases Control and Prevention (CDC) data tracker. As of Nov. 25, 2020, the death toll reached 261k in the U.S.

Adult Ranking is used to assess the possible effects of the national result on its voters’ mental wellness. States that are ranked 1-13 have a lower prevalence of mental illness and higher rates of access to care for adults. The states with higher rank (39-51) indicate that adults have a higher prevalence of mental illness and lower rates of access to care. There are seven measures that makeup Adult Ranking, including any mental illness, disorder, suicided, etc. Physical scientist (2018) is used as the representative of the College group. We extract the data from the U.S. Bureau of Labor Statistics. The spirit of independence and freedom in thinking is particularly important in academic studies and research. The underlying assumption of choosing this factor

is the higher number of physical scientists, the freer academic atmosphere in which people can pursue truth, exercise reasoning, and respect science. Horse racing is one of the oldest of all sports that have taken place in the United States, which provides normous economic, employment, and social contribution for entertainment sector. It represents the traditional economy in the analysis. We use steed sales from USDA (United States Department of Agriculture) as an indicator of the horse racing prosperity, in other prospects, traditional economy.

In 2023, the total contribution of travel and tourism to the global gross domestic product (GDP) was roughly four percent lower than in 2019, the year before the COVID-19 pandemic. Overall, the contribution of travel and tourism to the global GDP amounted to 9.9 trillion U.S. dollars in 2023. This figure was predicted to reach an estimated 11.1 trillion U.S. dollars in 2024, exceeding pre-pandemic levels. Which countries record the highest travel and tourism contribution to GDP? GDP is the total value of all goods and services produced in a country in a year. It is considered an important indicator of a country's economic strength, and a positive change in GDP is a sign of economic growth. Both before and after the impact of COVID-19, the United States and China were by far the leading travel markets based on the total contribution of travel and tourism to GDP, followed by Germany, the United Kingdom, and Japan. What are the most visited countries in the world? In 2023, the number of international tourist arrivals worldwide increased significantly over the previous year but did not catch up yet with pre-pandemic levels. That year, France was the country with the highest number of international tourist arrivals worldwide, welcoming 100 million international visitors. Spain and the United States followed in the ranking in 2023.

This page displays a table with United States Exports By Category in U.S. dollars, according to the United Nations COMTRADE database on international trade.

Graph and download economic data for Income Before Taxes: Regular Contributions for Support by Highest Education: Less Than College Graduate: High School Graduate with Some College (CXUREGCONTLB1405M) from 2012 to 2012 about no college, contributions, secondary schooling, secondary, tax, education, income, and USA.

Graph and download economic data for Income Before Taxes: Regular Contributions for Support by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXUREGCONTLB0106M) from 1984 to 2012 about contributions, percentile, tax, income, and USA.

In 2023, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 20.7 percent. The construction industry contributed around four percent of GDP in the same year.

In 2021, the economic impact of the scrap recycling industry in the United States was highest in California, reaching over 12 billion U.S. dollars. Texas ranked second, with roughly 10 billion U.S. dollars. Overall, the economic impact of the scrap recycling industry in the U.S. amounted to 117 billion U.S. dollars that year.

Graph and download economic data for Expenditures: Cash Contributions by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXUCASHCONTLB1511M) from 2014 to 2023 about cash, contributions, percentile, tax, expenditures, income, and USA.

In 2021, the agriculture sector contributed around 0.94 percent to the Gross Domestic Product (GDP) of the United States. In that same year, 17.61 percent came from industry, and the service sector contributed the most to the GDP, at 76.4 percent.

Graph and download economic data for U.S Individual Income Tax: Tax Rates for Regular Tax: Highest Bracket (IITTRHB) from 1913 to 2018 about individual, tax, income, rate, and USA.