Posted on 07/23/2023 8:35:44 PM PDT by SeekAndFind
A sum of its parts, every U.S. state plays an integral role in the country’s overall economy.
Texas, for example, generates an economic output that is comparable to South Korea’s, and even a small geographical area like Washington, D.C. outputs over $129 billion per year.
The visualization below by Visual Capitalist's Avery Koop and Joyce Ma uses 2022 annual data out of the U.S. Bureau of Economic Analysis (BEA) to showcase each state or district’s real gross domestic product (GDP) in chained 2012 dollars, while also highlighting personal income per capita.
California is by far the biggest state economy in the U.S. at $2.9 trillion in real GDP—and when comparing its nominal value ($3.6 trillion) with national GDPs worldwide, the Golden State’s GDP would rank 5th overall, just below Germany and Japan.
Here’s an up-close look at the data:
Rank | State | Real GDP (chained 2012 dollars) |
---|---|---|
1 | California | $2.9 trillion |
2 | Texas | $1.9 trillion |
3 | New York | $1.6 trillion |
4 | Florida | $1.1 trillion |
5 | Illinois | $798 billion |
6 | Pennsylvania | $726 billion |
7 | Ohio | $639 billion |
8 | Georgia | $591 billion |
9 | Washington | $582 billion |
T9 | New Jersey | $582 billion |
11 | North Carolina | $560 billion |
12 | Massachusetts | $544 billion |
13 | Virginia | $513 billion |
14 | Michigan | $490 billion |
15 | Colorado | $386 billion |
16 | Maryland | $369 billion |
17 | Tennessee | $368 billion |
18 | Arizona | $356 billion |
19 | Indiana | $353 billion |
20 | Minnesota | $350 billion |
21 | Wisconsin | $312 billion |
22 | Missouri | $301 billion |
23 | Connecticut | $253 billion |
24 | Oregon | $235 billion |
25 | South Carolina | $226 billion |
26 | Louisiana | $217 billion |
27 | Alabama | $213 billion |
28 | Kentucky | $201 billion |
29 | Utah | $192 billion |
30 | Oklahoma | $191 billion |
31 | Iowa | $177 billion |
32 | Nevada | $165 billion |
T32 | Kansas | $165 billion |
34 | District of Columbia | $129 billion |
35 | Arkansas | $127 billion |
36 | Nebraska | $124 billion |
37 | Mississippi | $105 billion |
38 | New Mexico | $95 billion |
39 | Idaho | $84 billion |
40 | New Hampshire | $83 billion |
41 | Hawaii | $75 billion |
42 | West Virginia | $72 billion |
43 | Delaware | $66 billion |
44 | Maine | $65 billion |
45 | Rhode Island | $55 billion |
46 | North Dakota | $53 billion |
47 | South Dakota | $50 billion |
T47 | Montana | $50 billion |
T47 | Alaska | $50 billion |
50 | Wyoming | $36 billion |
51 | Vermont | $31 billion |
United States | $20 trillion |
Altogether, California, New York, and Texas account for almost one-third of the country’s economy, combining for $6.3 trillion in real GDP in 2022. The only other state that reached the trillion dollar mark is Florida with $1.1 trillion.
Texas’ economy is driven largely by industries like advanced manufacturing, biotech, life sciences, aerospace, and defense. The state is also home to a number of large companies, like Tesla and Texas Instruments, which make it a hub for jobs, innovation, and opportunity.
New York state is a leader in the insurance, agribusiness, clean energy, and cyber security industries, among many others. Zooming into the New York City area reveals huge sources of economic output from the tourism, media, and financial services sectors.
While the aforementioned states are the big hitters, the median GDP per state was much lower at $217 billion in 2022.
Under the BEA’s eight region breakdown, all states in the Great Lakes region had GDPs that were higher than the median, reflecting the industrial strength of states like Illinois and Ohio. Most of the states in the Mideast region including New York, Pennsylvania, and Maryland also have GDPs higher than the country median.
Comparatively, many states in the Plains region had lower GDPs, including Iowa and Kansas. Other states with lower GDPs (and generally lower populations) were spread around the country, including lowest-ranked Vermont in New England.
In addition to real GDP, this voronoi diagram has been color-coded in terms of personal income per capita in each state. Here’s a closer look at those figures:
Rank | State | Personal Income per Capita |
---|---|---|
1 | District of Columbia | $96,728 |
2 | Connecticut | $84,972 |
3 | Massachusetts | $84,945 |
4 | New Jersey | $78,700 |
5 | New York | $78,089 |
6 | California | $77,339 |
7 | Washington | $75,698 |
8 | New Hampshire | $74,663 |
9 | Colorado | $74,167 |
10 | Wyoming | $71,342 |
11 | Maryland | $70,730 |
12 | Alaska | $68,919 |
13 | Illinois | $68,822 |
14 | Virginia | $68,211 |
15 | Minnesota | $68,010 |
16 | North Dakota | $66,184 |
17 | South Dakota | $65,806 |
18 | Rhode Island | $65,377 |
19 | Pennsylvania | $65,167 |
20 | Florida | $63,597 |
21 | Nebraska | $63,321 |
22 | Vermont | $63,206 |
23 | Oregon | $62,767 |
24 | Texas | $61,985 |
25 | Delaware | $61,387 |
26 | Nevada | $61,282 |
27 | Wisconsin | $61,210 |
28 | Hawaii | $61,175 |
29 | Kansas | $60,152 |
30 | Maine | $59,463 |
31 | Iowa | $58,905 |
32 | Tennessee | $58,279 |
33 | Indiana | $57,930 |
34 | Utah | $57,925 |
35 | Ohio | $57,880 |
36 | Montana | $57,719 |
37 | North Carolina | $57,416 |
38 | Georgia | $57,129 |
39 | Michigan | $56,813 |
40 | Arizona | $56,667 |
41 | Missouri | $56,551 |
42 | Oklahoma | $54,998 |
43 | Louisiana | $54,622 |
44 | Idaho | $54,537 |
45 | South Carolina | $53,320 |
46 | Kentucky | $52,109 |
47 | Arkansas | $51,787 |
48 | New Mexico | $51,500 |
49 | Alabama | $50,637 |
50 | West Virginia | $49,169 |
51 | Mississippi | $46,248 |
Many of the largest state economies are fueled by strong urban populations. These metropolitan cities are the economic engines of the country, driving innovation and attracting new talent.
The NYC-Newark-Jersey City metropolitan area is a great example of this, generating over $2 trillion in economic output alone. Los Angeles generated $1.1 trillion.
While these are the obvious and expected hubs, some new cities and states are beginning to attract new business and are anticipating significant economic growth. North Carolina, for example, has been ranked as the best U.S. state to do business in, thanks to a number of factors like ease of access to capital and a strong culture of tech and innovation.
Over time, the centers of economic power may be slowly shifting in the U.S., but for now the top contributors to the nation’s GDP far outpace the rest.
later
When did DC become a state?
The children writing this probably never left their home offices to write this.
Texas does have a decently sized minerals economy, both surface and subsurface.
And naming NY as tops for green energy? Texas produces 1/3 of the nations' wind and solar energy output.
At least they remembered that Tesla left CA for the San Fran of Texas ...
Rank | State | Real GDP (chained 2012 dollars) | GDP | Sq. Miles | GDP/SqMile |
34 | District of Columbia | $129 billion | 129,000,000,000 | 68 | $1,897,058,824 |
T9 | New Jersey | $582 billion | 582,000,000,000 | 7,419 | $78,447,230 |
12 | Massachusetts | $544 billion | 544,000,000,000 | 7,838 | $69,405,461 |
45 | Rhode Island | $55 billion | 55,000,000,000 | 1,034 | $53,191,489 |
23 | Connecticut | $253 billion | 253,000,000,000 | 4,845 | $52,218,782 |
16 | Maryland | $369 billion | 369,000,000,000 | 9,775 | $37,749,361 |
3 | New York | $1.6 trillion | 1,600,000,000,000 | 47,224 | $33,881,077 |
43 | Delaware | $66 billion | 66,000,000,000 | 1,955 | $33,759,591 |
4 | Florida | $1.1 trillion | 1,100,000,000,000 | 53,997 | $20,371,502 |
1 | California | $2.9 trillion | 2,900,000,000,000 | 155,973 | $18,592,962 |
6 | Pennsylvania | $726 billion | 726,000,000,000 | 44,820 | $16,198,126 |
7 | Ohio | $639 billion | 639,000,000,000 | 40,953 | $15,603,253 |
5 | Illinois | $798 billion | 798,000,000,000 | 55,593 | $14,354,325 |
13 | Virginia | $513 billion | 513,000,000,000 | 39,598 | $12,955,200 |
41 | Hawaii | $75 billion | 75,000,000,000 | 6,423 | $11,676,787 |
11 | North Carolina | $560 billion | 560,000,000,000 | 48,718 | $11,494,725 |
8 | Georgia | $591 billion | 591,000,000,000 | 57,919 | $10,203,905 |
19 | Indiana | $353 billion | 353,000,000,000 | 35,870 | $9,841,093 |
40 | New Hampshire | $83 billion | 83,000,000,000 | 8,969 | $9,254,097 |
17 | Tennessee | $368 billion | 368,000,000,000 | 41,220 | $8,927,705 |
9 | Washington | $582 billion | 582,000,000,000 | 66,582 | $8,741,101 |
14 | Michigan | $490 billion | 490,000,000,000 | 56,539 | $8,666,584 |
25 | South Carolina | $226 billion | 226,000,000,000 | 30,111 | $7,505,563 |
2 | Texas | $1.9 trillion | 1,900,000,000,000 | 261,914 | $7,254,290 |
21 | Wisconsin | $312 billion | 312,000,000,000 | 54,314 | $5,744,375 |
28 | Kentucky | $201 billion | 201,000,000,000 | 39,732 | $5,058,895 |
26 | Louisiana | $217 billion | 217,000,000,000 | 43,566 | $4,980,948 |
20 | Minnesota | $350 billion | 350,000,000,000 | 79,617 | $4,396,046 |
22 | Missouri | $301 billion | 301,000,000,000 | 68,898 | $4,368,777 |
27 | Alabama | $213 billion | 213,000,000,000 | 50,750 | $4,197,044 |
15 | Colorado | $386 billion | 386,000,000,000 | 103,730 | $3,721,199 |
51 | Vermont | $31 billion | 31,000,000,000 | 9,249 | $3,351,714 |
31 | Iowa | $177 billion | 177,000,000,000 | 55,875 | $3,167,785 |
18 | Arizona | $356 billion | 356,000,000,000 | 113,642 | $3,132,645 |
42 | West Virginia | $72 billion | 72,000,000,000 | 24,087 | $2,989,164 |
30 | Oklahoma | $191 billion | 191,000,000,000 | 68,679 | $2,781,054 |
24 | Oregon | $235 billion | 235,000,000,000 | 96,003 | $2,447,840 |
35 | Arkansas | $127 billion | 127,000,000,000 | 52,075 | $2,438,790 |
29 | Utah | $192 billion | 192,000,000,000 | 82,168 | $2,336,676 |
37 | Mississippi | $105 billion | 105,000,000,000 | 46,914 | $2,238,138 |
44 | Maine | $65 billion | 65,000,000,000 | 30,865 | $2,105,945 |
T32 | Kansas | $165 billion | 165,000,000,000 | 81,823 | $2,016,548 |
36 | Nebraska | $124 billion | 124,000,000,000 | 76,878 | $1,612,945 |
32 | Nevada | $165 billion | 165,000,000,000 | 109,806 | $1,502,650 |
39 | Idaho | $84 billion | 84,000,000,000 | 82,751 | $1,015,093 |
38 | New Mexico | $95 billion | 95,000,000,000 | 121,365 | $782,763 |
46 | North Dakota | $53 billion | 53,000,000,000 | 68,994 | $768,183 |
47 | South Dakota | $50 billion | 50,000,000,000 | 75,898 | $658,779 |
50 | Wyoming | $36 billion | 36,000,000,000 | 97,105 | $370,733 |
T47 | Montana | $50 billion | 50,000,000,000 | 145,556 | $343,510 |
T47 | Alaska | $50 billion | 50,000,000,000 | 570,641 | $87,621 |
Washington DC has a huge GDP per capita. What is their product? In Texas we produce oil, gas, minerals, high tech, much agriculture, timber, manufacturing, airplanes, automobiles, rockets to space, cutting edge medical research, freedom, etc. That is GDP. DC is a sinkhole for our tax dollars. How do our tax dollars to pay government become a product?
I think it would be more useful if we used GDP per CAPITA.
I agree. GDP per capita would be better. Maybe I’ll do that tomorrow
These numbers mix bucks earned by pie producers with bucks sucked out by pie slicers.
Think about it.
D.C. is a sink for money....
Product? hahaha...
This is so utterly WRONG…
Rank State Personal Income per Capita
1 District of Columbia $96,728
2 Connecticut $84,972
3 Massachusetts $84,945
4 New Jersey $78,700
5 New York $78,089
6 California $77,339
Later
>These numbers mix bucks earned by pie producers with bucks sucked out by pie slicers.<
Agreed. Government(pie slicer) jobs should be subtracted from GDP since they draw from the economy to exist.
EC
Now add Ukraine
Democrats control counties that account for 70% of the USA’s GDP.
If you look at the states by per capita income, it is revealing.
They don’t discuss the government part of GDP, Look at the top 10 states and you see the government affect. But in reality much of the government sector is a capital sink, contributes little to actual production of anything.
Do these numbers include government “services”?
The deeper issue is that these numbers started to lose their meaning when the country changed from a private manufacturing powerhouse (producing real stuff needed all over the world) to a government/health care/finance/insurance/real estate powerhouse that actually “produces” relatively little.
The government expenditure example is obvious—but likewise real estate agents selling one person’s existing house to another person is not “producing” anything.
The “product” is not “product” any more.
continuing my post—take a look at the largest employers in different regions.
The top ten are mostly city or county or state government, hospitals, school districts etc. with manufacturing operations having only one or two on the list.
continuing—Here is the Los Angeles list as a random example:
1 Kaiser Permanente 37,468
2 University of Southern California 21,055
3 Northrop Grumman Corp. 16,600
4 Providence Health Southern California 15,952
5 Target Corp. 15,000
6 Ralphs/Food 4 Less(Kroger Co. Division) 14,970
7 Cedars-Sinai Medical Center 14,903
8 Walt Disney Co. 13,000
9 Allied Universal 12,879
10 NBC Universal 12,000
Northrop is the only company that produces actual “stuff”—and of course they sell most of that “stuff” to the government—military expenditures.
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