The chart above shows the annualized nominal gross domestic product (GDP) in each US state as of the first quarter of 2019 in millions of dollars, the change from five years ago, and the GDP ten years prior. California's economy grew more over the past five years than the size of 44 states' entire economies.
Findings
- The difference between the state with the largest GDP, California, and the state with the smallest, Vermont, is $3,017,108.10 million (up from $2,302,933.80 million five years ago and up from $1,921,315.60 million ten years ago). California and Vermont had the largest and smallest GDP respectively both five and ten years ago.
- California has 88.42 times the GDP that Vermont does. The ratio of largest GDP to smallest GDP was up from 80.20 five years ago and up from 75.95 ten years ago.
- The median GDP in the 50 US states is $241,469.25 million (up from $190,090.05 million five years ago and up from $165,387.10 million ten years ago) and the mean $416,137.95 million (up from $337,422.85 million five years ago and up from $283,981.86 million ten years ago).
- Forty-eight states saw their GDP rise over the past five years while two saw their GDP decline.
- All 50 states saw their GDP rise over the past ten years.
Caveats
- Data is from the first quarters of 2019, 2014, and 2009.
- The data is seasonally adjusted in current dollars.
- Growth rates may differ from those provided by the Bureau of Economic Analysis as the BEA's growth rates are based on chained dollars in conjunction with the chain index or the quality index for real GDP.
- All figures are rounded to the nearest hundredth.
Details
In absolute terms, Alaska saw the largest decrease over the past five years with a decline of $1,442.70 million. California had the largest growth with a gain of $719,611.20 million. Over the past ten years, Wyoming had the smallest increase with a gain of $1,223.40 million while California had the greatest increase with a gain of $1,104,671.00 million.
In relative terms, Alaska had the largest decrease over the past five years with a 2.57% drop in GDP while Washington had the greatest increase with a 35.46% rise in GDP. Over the past ten years, Wyoming had the smallest increase with a 3.20% rise in GDP while North Dakota had the largest growth with a 75.17% rise in GDP.
There were 33 states with a GDP of over $100,000 million ten years ago, 36 states five years ago, and 37 states now. On the flip side, there were seven states with a GDP of less than $50,000 million ten years ago, four states five years ago, and two states now.
Washington overcame the most states in the five year period going from having the 14th largest GDP to the 10th largest GDP. Conversely, Oklahoma was surpassed by four states in the five year period going from having the 25th largest GDP to the 29th largest GDP. Over the past ten years, Washington (from 14th to 10th largest GDP), Colorado (from 20th to 16th), and North Dakota (from 49th to 45th) each surpassed four states, while Virginia (from 10th to 13th), Indiana (from 16th to 19th), Missouri (from 19th to 22nd), Alaska (from 43rd to 46th), and Wyoming (from 46th to 49th) were each surpassed by three.
Data
| State | First Quarter 2009 | First Quarter 2014 | First Quarter 2019 |
|---|---|---|---|
| Alabama | 168,107.3 | 189,744.6 | 226,631.2 |
| Alaska | 50,476.6 | 56,027.4 | 54,584.7 |
| Arizona | 246,491.2 | 279,997.5 | 360,031.6 |
| Arkansas | 98,619.2 | 115,326.7 | 130,799.7 |
| California | 1,946,951.6 | 2,332,011.4 | 3,051,622.6 |
| Colorado | 249,851.6 | 298,280.5 | 380,683.5 |
| Connecticut | 237,327 | 244,608.5 | 282,001.8 |
| Delaware | 56,579.7 | 64,087 | 77,083.9 |
| Florida | 728,748.8 | 817,820 | 1,072,671.6 |
| Georgia | 405,921.1 | 471,639.9 | 608,058.2 |
| Hawaii | 65,902.7 | 76,317.3 | 94,364.5 |
| Idaho | 54,287 | 62,296.1 | 79,499.5 |
| Illinois | 639,490.1 | 749,402.8 | 888,232.8 |
| Indiana | 258,663.6 | 316,002.2 | 374,664.4 |
| Iowa | 132,981.6 | 164,249.1 | 193,726.4 |
| Kansas | 123,664.2 | 142,699.8 | 171,215.5 |
| Kentucky | 154,582 | 183,280 | 213,313.2 |
| Louisiana | 207,116.6 | 230,462.2 | 256,449.9 |
| Maine | 49,782.1 | 54,586.7 | 66,021.5 |
| Maryland | 298,048.4 | 344,956.3 | 421,873.9 |
| Massachusetts | 388,076.9 | 461,047.2 | 581,717.7 |
| Michigan | 360,261.3 | 436,985.7 | 542,760.5 |
| Minnesota | 258,308.1 | 311,002.4 | 378,047.3 |
| Mississippi | 94,183.2 | 101,318.3 | 116,584.1 |
| Missouri | 250,517 | 277,699.5 | 326,019.5 |
| Montana | 35,904.6 | 43,580.3 | 50,038.2 |
| Nebraska | 86,166.1 | 108,974 | 125,958.6 |
| Nevada | 123,174.7 | 131,616.2 | 171,133.6 |
| New Hampshire | 60,942.7 | 70,460.9 | 87,008.8 |
| New Jersey | 485,833.9 | 536,660.4 | 639,841 |
| New Mexico | 82,153.6 | 90,211.8 | 101,904 |
| New York | 1,105,235 | 1,395,486.6 | 1,720,788.2 |
| North Carolina | 398,260.8 | 465,801.3 | 580,186.8 |
| North Dakota | 31,742.9 | 56,097.3 | 55,604.2 |
| Ohio | 484,746.6 | 575,584 | 694,830 |
| Oklahoma | 147,666.4 | 190,435.5 | 202,554.6 |
| Oregon | 162,666.9 | 183,361.1 | 246,186 |
| Pennsylvania | 572,248.1 | 676,058 | 809,310.6 |
| Rhode Island | 46,998.2 | 53,861.7 | 61,928.2 |
| South Carolina | 159,807.6 | 187,020.9 | 236,752.5 |
| South Dakota | 35,945.8 | 45,814.5 | 53,075.2 |
| Tennessee | 250,696.6 | 297,487.2 | 377,088.4 |
| Texas | 1,167,263.9 | 1,530,932.2 | 1,828,042.3 |
| Utah | 113,948.2 | 138,519.3 | 183,163.4 |
| Vermont | 25,636 | 29,077.6 | 34,514.5 |
| Virginia | 402,871.4 | 456,083.5 | 549,996.5 |
| Washington | 351,269.7 | 431,141.2 | 584,033.6 |
| West Virginia | 62,988.4 | 70,685.3 | 79,481.6 |
| Wisconsin | 241,782 | 285,528 | 345,389.9 |
| Wyoming | 38,204.1 | 38,814.6 | 39,427.5 |
Sources
US Bureau of Economic Analysis. 2019. "GDP by State." Accessed August 18, 2019. https://www.bea.gov/data/gdp/gdp-state.