List of U.S. states by GDP

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Map of U.S. states by GDP in billion U.S. dollars (2015 figures).

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year, which is calculated as the total market value of the goods and services produced by the country.[1] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.[2] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.[3]

This is a list of U.S. states sorted by their gross state product (GSP). GSP is the state counterpart to a country's gross domestic product (GDP), the most comprehensive measure of national economic activity. The United States Bureau of Economic Analysis (BEA) derives GSP for a state as the sum of the GSP originating in all the industries in the state.

The BEA defines an industry's GSP, or its value added, as equal 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 GSP data by industry and state is consistent with gross domestic product (GDP) in the national income and product accounts, and with the GDP by industry accounts.

The list presents data for 2015 from the BEA. Historical data from 2002 to 2006 is also listed below. The figures are in millions of nominal dollars, unadjusted purchasing power disparities between the states.


List[edit]

State GDPs
GSP per capita 2015
List of U.S. states and territories by GSP in 2015[4]
Rank State 2015 (USD millions) 2014 (USD millions)
1  California 2,448,467 2,305,921
2  Texas 1,639,375 1,641,044
3  New York 1,455,568 1,395,488
4  Florida 893,189 838,939
5  Illinois 771,896 736,285
6  Pennsylvania 684,313 658,290
7  Ohio 599,093 576,056
8  New Jersey 579,379 551,828
9  North Carolina 509,718 481,876
10  Georgia 501,241 474,696
11  Virginia 480,876 462,861
12  Massachusetts 478,941 455,732
13  Michigan 468,029
14  Washington 449,404
15  Maryland 365,209
16  Minnesota 334,780
17  Indiana 331,126
18  Colorado 318,600
19  Tennessee 310,276
20  Wisconsin 300,699
21  Arizona 298,204
22  Missouri 290,713
23  Connecticut 262,212
24  Louisiana 253,517
25  Oregon 228,120
26  Alabama 209,382
27  South Carolina 199,256
28  Kentucky 194,578
29  Oklahoma 179,835
30  Iowa 171,532
31  Kansas 149,090
32  Utah 148,225
33  Nevada 141,204
34  Arkansas 123,424
 District of Columbia 122,936
35  Nebraska 112,208
36  Mississippi 106,880
37  New Mexico 90,810
38  Hawaii 79,595
39  New Hampshire 71,632
40  West Virginia 71,123
41  Delaware 66,150
42  Idaho 65,202
43  Rhode Island 56,323
44  Maine 55,137
45  Alaska 54,256
46   North Dakota 53,686
47  Montana 45,799
48  South Dakota 45,415
49  Wyoming 40,170
50  Vermont 29,750

2006 Data[edit]

State 2006
Rank
2006 GSP
($Millions)
2005
Rank
2005 GSP
($Millions)
2004
Rank
2004 GSP
($Millions)
2003
Rank
2003 GSP
($Millions)
2002
Rank
2002 GSP
($Millions)
 United States 14,993,258 14,369,100 14,061,800 13,398,900 12,638,400
 California 1 1,891,363 1 1,846,757 1 1,801,762 1 1,727,599 1 1,628,599
 Texas 2 1,244,695 2 1,223,511 2 1,148,531 2 1,070,305 2 982,058
 New York 3 1,093,219 3 1,144,481 3 1,105,020 3 1,034,087 3 956,378
 Florida 4 737,038 4 744,120 4 741,861 4 721,380 4 670,030
 Illinois 5 630,398 5 633,697 5 617,409 5 588,863 5 552,956
 Pennsylvania 6 554,774 6 553,301 6 533,212 6 509,006 6 481,957
 Ohio 9 471,264 8 471,508 7 462,506 7 449,000 7 438,848
 New Jersey 8 482,967 7 474,936 8 461,295 8 445,738 8 425,455
 Georgia 10 469,809 10 397,756 9 391,241 10 375,641 10 359,521
 North Carolina 7 496,092 9 400,192 10 390,467 9 378,593 12 348,397
 Virginia 11 408,443 11 397,025 11 384,132 12 368,014 11 350,897
 Michigan 12 368,401 12 382,544 12 379,934 11 375,143 9 372,009
 Massachusetts 13 365,182 13 364,988 13 352,178 13 334,477 13 317,417
 Washington 14 338,334 14 322,778 14 310,279 14 289,070 14 272,734
 Maryland 16 286,797 15 273,333 15 264,426 15 252,997 15 241,461
 Minnesota 15 323,912 16 262,847 16 252,472 16 240,891 17 232,802
 Indiana 17 262,647 17 254,861 17 249,229 17 239,863 16 232,861
 Arizona 18 256,364 19 248,888 18 245,952 18 236,421 19 215,207
 Tennessee 20 244,508 18 252,127 19 245,162 19 236,103 18 223,784
 Colorado 19 252,657 20 248,603 20 235,848 20 225,053 22 212,582
 Wisconsin 21 244,370 21 240,429 21 233,406 21 224,918 20 214,821
 Missouri 22 239,752 22 237,797 22 229,027 22 219,660 21 213,170
 Connecticut 23 227,405 24 216,174 23 212,252 23 201,635 23 190,499
 Louisiana 24 208,377 23 222,218 24 207,407 24 197,569 24 183,022
 Alabama 25 169,856 25 170,014 25 164,524 25 158,858 25 150,582
 Oregon 26 165,648 26 161,573 26 158,268 26 151,205 28 138,002
 Kentucky 28 156,553 27 156,436 27 152,099 28 146,352 27 138,592
 South Carolina 27 159,647 28 156,384 28 151,703 27 146,480 26 138,614
 Oklahoma 29 153,778 29 146,448 29 136,374 29 129,596 29 120,621
 Iowa 30 142,282 30 135,702 30 129,911 31 121,082 30 115,770
 Nevada 31 126,503 31 131,233 31 129,314 30 121,712 31 112,416
 Kansas 32 124,921 32 122,731 32 116,986 32 109,902 32 102,888
 Utah 33 112,941 33 109,777 33 105,574 33 98,289 33 89,125
 Arkansas 34 101,818 34 98,331 34 95,116 34 90,660 34 86,546
 District of Columbia 99,129 97,235 92,516 88,051 83,417
 Mississippi 35 95,905 35 91,782 35 87,652 35 83,778 35 79,521
 Nebraska 36 86,439 36 83,273 36 80,360 36 74,951 36 70,959
 New Mexico 37 74,801 37 79,901 37 75,192 37 71,782 37 68,003
 Hawaii 38 66,431 38 63,847 38 62,019 39 59,131 39 54,863
 Delaware 40 60,588 39 61,828 39 61,545 38 59,244 38 57,641
 West Virginia 39 63,344 40 61,652 40 57,877 41 55,799 41 52,932
 New Hampshire 41 59,400 41 60,005 41 57,820 40 56,056 40 53,526
 Idaho 42 54,005 42 52,747 42 52,110 42 48,557 42 46,584
 Maine 43 51,293 43 49,709 43 48,021 43 46,341 43 44,451
 Rhode Island 44 47,837 45 47,364 44 46,699 44 45,491 44 43,148
 Alaska 45 45,709 44 47,912 45 44,887 45 43,264 45 39,362
 South Dakota 46 38,308 46 36,959 46 35,211 47 31,171 46 30,712
 Montana 48 35,954 47 35,891 47 34,266 46 31,794 47 29,789
 Wyoming 47 37,544 48 35,310 48 31,544 48 30,138 48 26,438
  North Dakota 49 31,872 49 31,208 49 28,518 49 25,394 49 24,283
 Vermont 50 25,438 50 25,442 50 24,627 50 23,672 50 22,755

See also[edit]

Sources[edit]

General

Specific

  1. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 23 May 2016. 
  2. ^ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Retrieved 31 May 2014. 
  3. ^ Ito, Takatoshi; Isard, Peter; Symansky, Steven (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 23 May 2016. 
  4. ^ "Gross domestic product (GDP) by state (millions of current dollars)". U.S. Department of Commerce. Bureau of Economic Analysis. Retrieved 14 December 2015. 

External links[edit]