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Each state’s GDP is divided into the US GDP to determine the percent share that a state contributes to the national economy. Real gross domestic product (GDP) by industry In the 3rd quarter of 2023 , the real GDP for real estate in Texas was $335.6 billion per year (seasonally adjusted), the highest in the state.
USAFacts -- In 2022 (most recent), Gross domestic product (GDP) was 2355959700000.0 in the United States for Texas (state).
Which states contribute the most and the least to the GDP? California, Texas, New York, Florida, and Illinois had the nation’s highest GDPs in both 2022 and 2021. Each recorded a state GDP of over $1 trillion, the only states in the country to reach that mark. Combined, these five states contributed approximately 41% of the national GDP.
The retail industry makes up 6.4% of GDP, and 15% of retail sales happen online.
USAFacts -- 2022 (most recent) Gross domestic product (GDP) in the United States By state: highest -- California (3,598,102,700,000), lowest -- Vermont (40,617,100,000).
Each state’s GDP is divided into the US GDP to determine the percent share that a state contributes to the national economy. Real gross domestic product (GDP) by industry In the 3rd quarter of 2023 , the real GDP for real estate and rental and leasing in Colorado was $82.5 billion per year (seasonally adjusted), the highest in the state.
Find statistics and data trends about the American economy, including the GDP growth, recent jobs and employment reports, investments in small businesses, wealth distribution, and price inflation. We visualize, explain and provide objective context using government data to help you better understand how the American economy is changing.
In five states, GDP grew by more than 30% during this same period: North Dakota (up 47.2%), Washington (up 37.1%), Utah (up 34.7%), California (up 33.1%) and Texas (up 31.4%). Job loss was significant before the recession as the ratio of people working shows a drop from 63.1% of working-age people working in 2006 to 59.3% in 2009. That ...
Each state’s GDP is divided into the US GDP to determine the percent share that a state contributes to the national economy. Real gross domestic product (GDP) by industry In the 3rd quarter of 2023 , the real GDP for information in California was $556.4 billion per year (seasonally adjusted), the highest in the state.
Texas ($105.8 billion) Florida ($58.8 billion) Pennsylvania ($57.1 billion) These figures largely correlate with population. To interpret state reliance on the federal government more accurately, we can look at total aid as a percentage of annual state revenues.