The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, 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 45.71 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.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

In 2023, approximately 127.1 million people lived in Guangdong province in China. That same year, only about 3.65 million people lived in the sparsely populated highlands of Tibet. Regional differences in China China is the world’s most populous country, with an exceptional economic growth momentum. The country can be roughly divided into three regions: Western, Eastern, and Central China. Western China covers the most remote regions from the sea. It also has the highest proportion of minority population and the lowest levels of economic output. Eastern China, on the other hand, enjoys a high level of economic development and international corporations. Central China lags behind in comparison to the booming coastal regions. In order to accelerate the economic development of Western and Central Chinese regions, the PRC government has ramped up several incentive plans such as ‘Rise of Central China’ and ‘China Western Development’. Economic power of different provinces When observed individually, some provinces could stand an international comparison. Jiangxi province, for example, a medium-sized Chinese province, had a population size comparable to Argentina or Spain in 2023. That year, the GDP of Zhejiang, an eastern coastal province, even exceeded the economic output of the Netherlands. In terms of per capita annual income, the municipality of Shanghai reached a level close to that of the Czech Republik. Nevertheless, as shown by the Gini Index, China’s economic spur leaves millions of people in dust. Among the various kinds of economic inequality in China, regional or the so-called coast-inland disparity is one of the most significant. Posing as evidence for the rather large income gap in China, the poorest province Heilongjiang had a per capita income similar to that of Sri Lanka that year.