Introduction
Gross Domestic Product, or GDP for short, is the measure used to determine the strength of an economy, whether it is that of a state or a country. GDP is calculated by determining the total monetary value of all the goods and services produced by a state within a certain period of time, generally one year. It is often revised on a yearly basis in order for it to remain a reliable estimate of economic strength. It is listed in dollars as it highlights a monetary amount—the GDP of the U.S as a whole as of 2022 is US$22,790.00 Billion. The change in GDP year by year is measured in percentage and determines how much the economy has grown or shrunk. Factors such as personal consumption, business investment, government spending, and exports all affect GDP growth.
While GDP per country is calculated per year, the GDP per state is calculated every three months, which makes up one financial quarter.
If you would like to learn more about GDP growth per state, and which state’s economies are projected to grow or shrink, please refer to the data below.
| # | State | GDP Growth Rate | GDP per capita | GDP |
|---|---|---|---|---|
| 1 | Tennessee | 8.6% | $62,944 | 439 billion |
| 2 | New Hampshire | 8.5% | $73,751 | 102 billion |
| 3 | California | 7.8% | $89,540 | 3.5 trillion |
| 4 | Nevada | 7.1% | $64,983 | 204 billion |
| 5 | Florida | 6.9% | $59,046 | 1.3 trillion |
| 6 | Indiana | 6.9% | $64,357 | 438 billion |
| 7 | Montana | 6.7% | $56,130 | 62 billion |
| 8 | North Carolina | 6.7% | $64,885 | 685 billion |
| 9 | Utah | 6.7% | $69,007 | 230 billion |
| 10 | Washington | 6.7% | $90,034 | 697 billion |
| 11 | Iowa | 6.4% | $70,683 | 226 billion |
| 12 | Massachusetts | 6.4% | $95,029 | 664 billion |
| 13 | Michigan | 6.2% | $58,935 | 592 billion |
| 14 | South Carolina | 5.9% | $54,280 | 282 billion |
| 15 | Colorado | 5.8% | $75,860 | 441 billion |
| 16 | Georgia | 5.8% | $66,109 | 714 billion |
| 17 | Idaho | 5.8% | $51,793 | 98 billion |
| 18 | Minnesota | 5.7% | $75,234 | 429 billion |
| 19 | Texas | 5.6% | $71,274 | 2.1 trillion |
| 20 | Rhode Island | 5.5% | $62,817 | 69 billion |
| 21 | Oregon | 5.4% | $65,806 | 279 billion |
| 22 | Arizona | 5.3% | $59,071 | 430 billion |
| 23 | Nebraska | 5.3% | $78,500 | 154 billion |
| 24 | Maine | 5.2% | $57,699 | 79 billion |
| 25 | Arkansas | 5% | $49,732 | 150 billion |
| 26 | Illinois | 5% | $76,825 | 973 billion |
| 27 | New York | 5% | $96,502 | 1.9 trillion |
| 28 | New Jersey | 4.9% | $75,549 | 700 billion |
| 29 | South Dakota | 4.9% | $70,148 | 63 billion |
| 30 | Kentucky | 4.7% | $54,216 | 244 billion |
| 31 | Hawaii | 4.6% | $65,857 | 95 billion |
| 32 | Missouri | 4.6% | $60,489 | 373 billion |
| 33 | Mississippi | 4.4% | $44,060 | 130 billion |
| 34 | Pennsylvania | 4.4% | $67,485 | 875 billion |
| 35 | Ohio | 4.3% | $64,941 | 765 billion |
| 36 | Connecticut | 4.2% | $85,609 | 309 billion |
| 37 | Alabama | 4.1% | $51,086 | 257 billion |
| 38 | Virginia | 4% | $71,133 | 615 billion |
| 39 | West Virginia | 4% | $51,573 | 92 billion |
| 40 | Kansas | 3.8% | $67,570 | 198 billion |
| 41 | Wisconsin | 3.8% | $64,436 | 380 billion |
| 42 | Delaware | 3.7% | $83,922 | 84 billion |
| 43 | Vermont | 3.5% | $58,311 | 38 billion |
| 44 | Maryland | 3.2% | $73,313 | 452 billion |
| 45 | District of Columbia | 2.8% | $233,500 | 156 billion |
| 46 | New Mexico | 2.5% | $54,200 | 115 billion |
| 47 | Louisiana | 2.4% | $57,769 | 267 billion |
| 48 | Oklahoma | 2.2% | $54,824 | 219 billion |
| 49 | North Dakota | 2.1% | $85,647 | 66 billion |
| 50 | Wyoming | 1.1% | $76,577 | 44 billion |
| 51 | Alaska | 0.3% | $79,139 | 58 billion |
GDP Growth Rate by State
Alabama
GDP Growth Rate
4.1%
Ranked in the US
#37
$51,086
Ranked in the US
#49
257 billion
Ranked in the US
#27
Alaska
GDP Growth Rate
0.3%
Ranked in the US
#51
$79,139
Ranked in the US
#9
58 billion
Ranked in the US
#49
Arizona
GDP Growth Rate
5.3%
Ranked in the US
#22
$59,071
Ranked in the US
#36
430 billion
Ranked in the US
#19
Arkansas
GDP Growth Rate
5%
Ranked in the US
#25
$49,732
Ranked in the US
#50
150 billion
Ranked in the US
#36
California
GDP Growth Rate
7.8%
Ranked in the US
#3
$89,540
Ranked in the US
#5
3.5 trillion
Ranked in the US
#1
Colorado
GDP Growth Rate
5.8%
Ranked in the US
#15
$75,860
Ranked in the US
#13
441 billion
Ranked in the US
#16
Connecticut
GDP Growth Rate
4.2%
Ranked in the US
#36
$85,609
Ranked in the US
#7
309 billion
Ranked in the US
#23
Delaware
GDP Growth Rate
3.7%
Ranked in the US
#42
$83,922
Ranked in the US
#8
84 billion
Ranked in the US
#43
District of Columbia
GDP Growth Rate
2.8%
Ranked in the US
#45
$233,500
Ranked in the US
#1
156 billion
Ranked in the US
#34
Florida
GDP Growth Rate
6.9%
Ranked in the US
#5
$59,046
Ranked in the US
#37
1.3 trillion
Ranked in the US
#4
Georgia
GDP Growth Rate
5.8%
Ranked in the US
#16
$66,109
Ranked in the US
#25
714 billion
Ranked in the US
#8
Hawaii
GDP Growth Rate
4.6%
Ranked in the US
#31
$65,857
Ranked in the US
#26
95 billion
Ranked in the US
#41
Idaho
GDP Growth Rate
5.8%
Ranked in the US
#17
$51,793
Ranked in the US
#47
98 billion
Ranked in the US
#40
Illinois
GDP Growth Rate
5%
Ranked in the US
#26
$76,825
Ranked in the US
#11
973 billion
Ranked in the US
#5
Indiana
GDP Growth Rate
6.9%
Ranked in the US
#6
$64,357
Ranked in the US
#32
438 billion
Ranked in the US
#18
Iowa
GDP Growth Rate
6.4%
Ranked in the US
#11
$70,683
Ranked in the US
#20
226 billion
Ranked in the US
#30
Kansas
GDP Growth Rate
3.8%
Ranked in the US
#40
$67,570
Ranked in the US
#23
198 billion
Ranked in the US
#33
Kentucky
GDP Growth Rate
4.7%
Ranked in the US
#30
$54,216
Ranked in the US
#45
244 billion
Ranked in the US
#28
Louisiana
GDP Growth Rate
2.4%
Ranked in the US
#47
$57,769
Ranked in the US
#40
267 billion
Ranked in the US
#26
Maine
GDP Growth Rate
5.2%
Ranked in the US
#24
$57,699
Ranked in the US
#41
79 billion
Ranked in the US
#44
Maryland
GDP Growth Rate
3.2%
Ranked in the US
#44
$73,313
Ranked in the US
#17
452 billion
Ranked in the US
#15
Massachusetts
GDP Growth Rate
6.4%
Ranked in the US
#12
$95,029
Ranked in the US
#3
664 billion
Ranked in the US
#12
Michigan
GDP Growth Rate
6.2%
Ranked in the US
#13
$58,935
Ranked in the US
#38
592 billion
Ranked in the US
#14
Minnesota
GDP Growth Rate
5.7%
Ranked in the US
#18
$75,234
Ranked in the US
#15
429 billion
Ranked in the US
#20
Mississippi
GDP Growth Rate
4.4%
Ranked in the US
#33
$44,060
Ranked in the US
#51
130 billion
Ranked in the US
#37
Missouri
GDP Growth Rate
4.6%
Ranked in the US
#32
$60,489
Ranked in the US
#35
373 billion
Ranked in the US
#22
Montana
GDP Growth Rate
6.7%
Ranked in the US
#7
$56,130
Ranked in the US
#42
62 billion
Ranked in the US
#48
Nebraska
GDP Growth Rate
5.3%
Ranked in the US
#23
$78,500
Ranked in the US
#10
154 billion
Ranked in the US
#35
Nevada
GDP Growth Rate
7.1%
Ranked in the US
#4
$64,983
Ranked in the US
#28
204 billion
Ranked in the US
#32
New Hampshire
GDP Growth Rate
8.5%
Ranked in the US
#2
$73,751
Ranked in the US
#16
102 billion
Ranked in the US
#39
New Jersey
GDP Growth Rate
4.9%
Ranked in the US
#28
$75,549
Ranked in the US
#14
700 billion
Ranked in the US
#9
New Mexico
GDP Growth Rate
2.5%
Ranked in the US
#46
$54,200
Ranked in the US
#46
115 billion
Ranked in the US
#38
New York
GDP Growth Rate
5%
Ranked in the US
#27
$96,502
Ranked in the US
#2
1.9 trillion
Ranked in the US
#3
North Carolina
GDP Growth Rate
6.7%
Ranked in the US
#8
$64,885
Ranked in the US
#30
685 billion
Ranked in the US
#11
North Dakota
GDP Growth Rate
2.1%
Ranked in the US
#49
$85,647
Ranked in the US
#6
66 billion
Ranked in the US
#46
Ohio
GDP Growth Rate
4.3%
Ranked in the US
#35
$64,941
Ranked in the US
#29
765 billion
Ranked in the US
#7
Oklahoma
GDP Growth Rate
2.2%
Ranked in the US
#48
$54,824
Ranked in the US
#43
219 billion
Ranked in the US
#31
Oregon
GDP Growth Rate
5.4%
Ranked in the US
#21
$65,806
Ranked in the US
#27
279 billion
Ranked in the US
#25
Pennsylvania
GDP Growth Rate
4.4%
Ranked in the US
#34
$67,485
Ranked in the US
#24
875 billion
Ranked in the US
#6
Rhode Island
GDP Growth Rate
5.5%
Ranked in the US
#20
$62,817
Ranked in the US
#34
69 billion
Ranked in the US
#45
South Carolina
GDP Growth Rate
5.9%
Ranked in the US
#14
$54,280
Ranked in the US
#44
282 billion
Ranked in the US
#24
South Dakota
GDP Growth Rate
4.9%
Ranked in the US
#29
$70,148
Ranked in the US
#21
63 billion
Ranked in the US
#47
Tennessee
GDP Growth Rate
8.6%
Ranked in the US
#1
$62,944
Ranked in the US
#33
439 billion
Ranked in the US
#17
Texas
GDP Growth Rate
5.6%
Ranked in the US
#19
$71,274
Ranked in the US
#18
2.1 trillion
Ranked in the US
#2
Utah
GDP Growth Rate
6.7%
Ranked in the US
#9
$69,007
Ranked in the US
#22
230 billion
Ranked in the US
#29
Vermont
GDP Growth Rate
3.5%
Ranked in the US
#43
$58,311
Ranked in the US
#39
38 billion
Ranked in the US
#51
Virginia
GDP Growth Rate
4%
Ranked in the US
#38
$71,133
Ranked in the US
#19
615 billion
Ranked in the US
#13
Washington
GDP Growth Rate
6.7%
Ranked in the US
#10
$90,034
Ranked in the US
#4
697 billion
Ranked in the US
#10
West Virginia
GDP Growth Rate
4%
Ranked in the US
#39
$51,573
Ranked in the US
#48
92 billion
Ranked in the US
#42
Wisconsin
GDP Growth Rate
3.8%
Ranked in the US
#41
$64,436
Ranked in the US
#31
380 billion
Ranked in the US
#21
Wyoming
GDP Growth Rate
1.1%
Ranked in the US
#50
$76,577
Ranked in the US
#12
44 billion
Ranked in the US
#50
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