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This is a list of U.S. states and territories by economic growth rate.This article includes a list of the 50 U.S. states, the District of Columbia, and the 5 inhabited U.S. territories sorted by economic growth — the percentage change in real GDP for the third quarter of 2023 is listed (for the 50 states and District of Columbia), using the most recent data available from the U.S. Bureau of ...
Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($4.080 trillion), Texas ($2.695 trillion), and New York ($2.284 trillion). The three U.S. states with the lowest GDPs were Vermont ...
What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 to 2015 went to the top 1% of households. [16] Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018.
While Alaska's $77,477 GDP per capita was the second highest in the country, the state's GDP was one of only two that were lower in 2014 than 2013, with a 1.3% drop in economic activity over the year.
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011, the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
By 2019, federal spending was more than 20% of GDP, while state and local spending hovered around 17% of GDP. [18] [20] As a result, in recent years, state and local governments account for approximately 45% of total government expenditures. [8]
While the bank didn’t specifically predict a “no landing” outcome, researchers lifted their gross domestic product growth forecast from just 1.3% for 2024 to 2.5%—the same as last year’s ...
The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 2.6% rate. That was revised up from the 2.5% rate ...