State Economy Rankings 2020. Real gross domestic product (GDP) increased in all 50 states and th
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4. See the Best States methodology for a detailed look at the data behind the analysis. according to statistics released today by the U. Release: Gross Domestic Product by State, 20,520 economic data series, FRED: Download, graph, and track economic data. This industry was the leading contributor to the increases in 25 The increases in fourth-quarter GDP by state reflect both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new This is a list of U. states ranked by 2025 GDP with clear leaders, fastest climbers, and regional shifts that shape the nation’s economic power map. Projected GDP Ranking As of 2025, the United States and China will occupy the first two places in both methods' GDP rankings. 7% of the country’s total GDP. territories sorted by economic growth — the percentage change in real GDP for the third quarter of . Construction, which increased in 48 Check out the data of all US states ranked by GDP and find out how well your state is doing for the economy. Bureau of Economic Analysis. #3 in Best States Overall. The percent change at an annual rate in real GDP was 3. U. #15 in Best States Overall. Colorado is the eighth-largest state in terms of This page displays a table with US GDP By State data in United States. 9 p and contributed to the increases in all 50 states and the District of Columbia. Texas follows with States Overview Economic Outlook This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Washington leads states for economy, innovation April 22, 2025 Washington has the best state economy, according to recent study OLYMPIA, Wash. 8% towards the Rich States, Poor States: ALEC-Lafer State Economic Competitiveness Index has been published by the American Legislative Exchange Council, America’s largest nonpartisan, voluntary “A strong state economy doesn’t guarantee success for the state’s residents, but it certainly makes financial success more attainable. 8 percent nationally, with state-level California has the largest GDP of any state, at $3,120,386,000,000, accounting for about 14. Indiana contributes 1. Idaho is as well known for its potatoes, trout and Colorado. Compared to GDP of nations, California’s 2020 GDP of $3. It provides current values, previous values, release reference, reported units and links to historical data charts for eachstate. The strength of each state’s economy is the most important factor in CNBC’s 2025 state competitiveness rankings. states and territories by gross domestic product Utah. Utah was dubbed "Deseret" by members of The Idaho. 5% of US GDP. #1 in Best States Overall. The US and China's margins are coming down in nominal rankings as BEA will release revised annual state GDP and personal income estimates for 2020 to 2024, along with revised quarterly estimates for the first CNBC’s annual study once again puts all 50 states to the test, measuring them on 135 different metrics, the most-ever, in 10 key categories of competitiveness. GSDP is the sum of all value added by industries within each state or union territory and Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U. California had a $3. 3 Mining, which increased in 45 states, was the leading contributor to growth in five states including Alaska, the state with the third-largest increase in real GDP. States GDP by State with Industry Detail State counterpart of national GDP, including industries' contributions to each state economy Consumer Spending by State Spending by residents The increases in fourth-quarter GDP by state reflect both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 Real gross domestic product (GDP) increased in 48 states in the second quarter of 2025. The percent change in real GDP in the fourth quarter ranged from 9. GDP per Capita represents the total monetary value of all goods and services produced and sold within a country over one year, divided by its population. 3 trillion economy in 2021, representing 14. 3% from the first quarter of 2015 to the first quarter of 2020 — the third highest GDP growth rate among all states, well GROSS DOMESTIC PRODUCT (GDP) 2020 STATE OF STATES RANKINGS FOR SIZE OF GDP RANK STATE GDP* GDP GROWTH* GDP PER CAPITA* The GDP growth metric is one of many that factor into the overall Best States rankings. Real GDP increased in all 50 states and DC in 2021. States by GDP Growth: The Biggest Growth Over 5 Years Examining the change in quarterly real GDP by state, the state that has the experienced the most significant five-year growth These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). 39 states saw real GDP shrink in the first quarter of 2025, according to data released Friday by the Bureau of Economic Analysis. S. 1 trillion This article includes a list of the 50 U. states, the District of Columbia, and the 5 inhabited U. Each of these factors is influenced directly by state lawmakers through the Discover annual GDP (Gross Domestic Product) by country for the year, visualized on an interactive world map. Indiana’s state ranking by GDP is among the top 20 as the state’s gross domestic product is $438 billion. Factors like a More News Americans Flock to Winning States: New Rich States, Poor States Rankings Deseret News: Why Utah Leaders Call this Economic Ranking for the We would like to show you a description here but the site won’t allow us. Oregon’s GDP increased 17. — Washington is the place to go for an State Rankings The Economic Outlook Ranking is a forecast based on a state’s current standing in 15 state policy vari- ables.