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The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [3] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
The United States has been the world's largest national economy in terms of GDP since around 1890. [99] For many years following the Great Depression of the 1930s, when the danger of recession appeared most serious, the government strengthened the economy by spending heavily itself or cutting taxes so that consumers would spend more and by ...
Oct 1945–. Nov 1948. 37. +5.2%. +1.5%. As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter. However, private economic activity expanded at a brisk pace throughout this period.
For the full year, GDP increased 2.1% compared to 5.9% across 2021, which was the fastest pace of growth since 1984. The BEA attributed the rise in fourth quarter GDP to broad-based increases in ...
For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022. The GDP release highlights the resilience of the US consumer despite ongoing concerns of a slowdown.
The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...
The most recent data for American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands is from 2018. Within the 50 states and District of Columbia, Kansas had the largest GDP growth rate ( 9.7%) in the third quarter 2023, while Arkansas had the smallest growth rate ( 0.7%). [2]
US GDP growth unrevised at 2.1% in second quarter as economy shows resilience ... The economic picture was little changed from 2017 to 2022, with GDP growing at an average annual rate of 2.2%, up ...
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