GDP by State — Stats and Trends

31.12.2021
Milena

The gross domestic product (GDP) represents the monetary value of all services and goods made in a country within a given period. Experts use GDP to establish a country’s economic state and potential. While usually calculated for countries, in the United States, the GDP by state is equally important. It tells volumes about how each state is doing financially, and whether there is progress on the horizon. We also use the GDP of each state to determine what share of the US GDP they represent. The percentage gives a clear picture of each state’s contribution and prosperity. 

GDP of the United States

Before providing data on the GDP of every state, let’s quickly go over the essential figures regarding the US GDP. Below, we’ll also see how each region is doing compared to the rest. Then, we’ll focus on the GDP by US state.

US GDP by Region

As you can see, the US had a GDP of $21.49 trillion in the last quarter of 2020. In 2019, the country’s GDP per capita was $58,107 and is expected to hit $76,252 by 2024.

Among the US regions, the Far West contributed the most towards the country’s total GDP, or $4.38 trillion. The Rocky Mountain region, by contrast, had the lowest contribution in Q4 of 2020 of $756 billion.

GDP by State

What state has the highest GDP? What state contributes the least toward the US GDP?

Scroll down to find out.

US GDP by State

Alabama

Alabama’s GDP represents only 1.1% of the US GDP. The state ranked 48th, with the Alabama GDP per capita in 2019 totaling $41,389. Alabama, however, saw its GDP increase over the course of 2020, climbing from 230.75 billion in Q4 2019 to 231.73 in Q4 2020. 

  • Q4 2020 GDP – $231.73 billion
  • Percent of the U.S. Q4 2020 GDP – 1.1%
  • GDP per capita in 2019 – $41,389

Alaska

Alaska has a modest GDP but a surprisingly high GDP per capita by state. Its $74,422 per capita GDP made Alaska the 4th state with the largest US GDP per capita in 2019. As for the state’s GDP in US dollars, it came in at $52.06 in the last quarter of 2020, down from $54.67 in Q4 2019. Alaska is also among the five states with the lowest contribution towards the US GDP, with 0.2%.

  • Q4 2020 GDP – $52.06 billion
  • Percent of the US Q4 2020 GDP – 0.2%
  • GDP per capita in 2019 – $74,422

Arizona

Arizona has the 10th lowest per capita GDP by state in the US. With a GDP of just under $384 billion in Q4 2020, the state represents 1.8% of the US GDP. Arizona’s GDP jumped from about $379 billion in Q1 2020.

  • Q4 2020 GDP – $383.93 billion
  • Percent of the US Q4 2020 GDP – 1.8%
  • GDP per capita in 2019 44,161

Arkansas

Arkansas has the 2nd worst GDP per capita in the US. With a GDP of just under $133 billion, the state contributes about 0.6% of the total GDP of the country. Arkansas, however, saw its gross domestic product inch higher in the period between Q4 of 2019 and Q4 of 2020. It went from $132.59 billion to $139.95 billion.

  • Q4 2020 GDP – $132,95 billion
  • Percent of the US Q4 2020 GDP – 0.6%
  • GDP per capita in 2019 – $39,580

California

California had the largest GDP by state in 2020. The California percentage of the US GDP in Q4 of 2020 was an impressive 14.7%. For comparison, Texas had the second-highest percentage of 8.5%. California not only tops the list of states with the largest economies — besides having a high GDP, California is also among the states with the best job market, too. The state is also great for real estate investing and a generally great destination to settle in.

  • Q4 2020 GDP – $3,164.343 billion
  • Percent of the US Q4 2020 GDP – 14.7%
  • GDP per capita in 2019 – $70,662

Colorado

Colorado’s US GDP by state stands at $401 billion. This jurisdiction represents only 1.9% of the US total GDP as of Q4 2020. These figures place Colorado among the top 20 states with the highest GDP and establish it as a developed economy. Colorado’s GDP increased between Q4 2019 and Q4 of 2020, from $400.8 billion to $401 billion.

  • Q4 2020 GDP – $401.07 billion
  • Percent of the US Q4 2020 GDP – 1.9%
  • GDP per capita in 2019 – $61,311

Connecticut

With its GDP of nearly $289 billion, Connecticut doesn’t have fantastic state rankings by GDP. It belongs, however, among the top 10 states when it comes to GDP per capita. Its state GDP per capita of $69,789 in 2019 earned Connecticut the 6th place, right under California. The state’s GDP meanwhile fell from $290.7 billion in Q4 2019 to $288.92 billion in 2020, suggesting that the pandemic impacted its previously solid economic growth by state.

  • Q4 2020 GDP – $288.92 billion
  • Percent of the US Q4 2020 GDP – 1.3%
  • GDP per capita in 2019 – $69,789

D.C.

D.C. was at the top of the list of the US states ranked by GDP per capita in 2019 when its GDP per capita soared to $178,442. As for its GDP in US dollars, D.C. is among the 20 states with the lowest GDP by state. Still, D.C. saw its economy grow from $145.3 billion in Q4 of 2019 to $145.78 billion in Q4 of 2020.

  • Q4 2020 GDP – $145.78 billion
  • GDP percent of the US Q4 2020 – 0.7%
  • GDP per capita in 2019 – $178,442

Delaware

Being a small state, Delaware’s percentage of the US GDP is only 0.4%. Still, the state had a solid GDP per capita of $64,985 in 2019. Delaware meanwhile noted a GDP growth by state in the period between 2019 and 2020.

  • Q4 2020 GDP – $77.68 billion
  • Percent of the US Q4 2020 GDP – 0.4%
  • GDP per capita in 2019 – $64,985

Florida

When it comes to GDP of US states per capita, Florida is nearly at the bottom of the list with its $44,267 as of 2019. Florida’s GDP meanwhile totaled $1.08 trillion at the beginning of 2019, only to reach $1.12 trillion by the end of 2020. With such a GDP, Florida represents a significant 5.2% of the US GDP. This state, in fact, has the 4th largest gross domestic product by the state in the United States.

  • Q4 2020 GDP – $1.12 trillion
  • Percent of the US Q4 2020 GDP – 5.2%
  • GDP per capita in 2019 – $44,267

Georgia

Georgia is the ninth richest state in the USA by GDP. The state’s GDP of $637 billion is 3% of the total gross domestic product in the US as of Q4 2020. Georgia’s GDP per capita of $50,816, however, placed the state in the worse half in this category in 2019.

  • Q4 2020 GDP – $637 billion
  • Percent of the US Q4 2020 GDP – 3%
  • GDP per capita in 2019 – $50,816

Hawaii

Hawaii has the 13th lowest US GDP per state of $90.76billion and represents only 0.4% of the country’s gross domestic product at the end of 2020. Hawaii ranked better with its GDP per capita in 2019 — its $58,981 got the state the 18th place in the respective US states economy ranking.

  • Q4 2020 GDP – $90.76 billion
  • Percent of the US Q4 2020 GDP – 0.4%
  • GDP per capita in 2019 – $58,981

Idaho

When we analyzed the US economy by state, Idaho didn’t have impressive results. Its GDP per capita of $40,566 places it 4th among the economies with the smallest GDP per capita. Idaho is also the 12th state with the lowest US state GDP contribution of only 0.4%. Idaho’s year-on-year GDP by state, at least, has been on the rise. It improved from $85.8 billion in Q4 of 2019 to $87.35 billion in Q4 of 2020.

  • Q4 2020 GDP – $87.35 billion
  • Percent of the US Q4 2020 GDP – 0.4%
  • GDP per capita in 2019 – $40,566

Illinois

In our ranking of the US states by economy, Illinois got the 5th place with its 2020 Q4 GDP of $886.56 billion. Illinois’ economic output by state represents 4.1% of the overall US GDP. The state’s gross domestic product per capita meanwhile stood at $61,713 in 2019. Thus, further supporting the thesis that Illinois is one of the largest state economies in the US.

  • Q4 2020 GDP – $886.56 billion
  • Percent of the US Q4 2020 GDP – 4.1%
  • GDP per capita in 2019 – $61,713

Indiana

Indiana’s state ranking by GDP is among the top 20 as the state’s gross domestic product is $385 billion. Indiana contributes 1.8% towards the total American GDP, just like Minnesota and Tennessee. Indiana’s GDP has been varying in the period between Q1 2019 and Q4 2020. In Q1 of 2019, it was $374 billion and jumped to $381 three quarters later. In Q4 of 2020, it rose to $385. 

  • Q4 2020 GDP – $378.13 billion
  • Percent of the US Q4 2020 GDP – 1.8%
  • GDP per capita in 2019 – $49,321

Iowa

With a GDP by state of $199.94 billion, Iowa is neither a leader nor an underperformer. Iowa is far from the state with the highest GDP, but that doesn’t negate the fact its economy has been improving. After the first quarter of 2019, the state’s GDP was $192 billion. By the end of Q1 of 2020, the economy had improved by over $4 billion, and its gross domestic product reached $196 billion, to grow even further by the end of the year. 

  • Q4 2020 GDP – $199.94 billion
  • Percent of the US Q4 2020 GDP – 0.9%
  • GDP per capita in 2019 – $55,051

Kansas

Kansas is equally unimpressive as Iowa when we consider the state rankings by GDP. The state noted an impressive improvement in its GDP between the first quarter of 2019 and the first quarter of 2020. During the period, Kansas saw its state GDP jump from $174 billion to $177 billion. At the end of the year, it had climbed further to stand at $178 billion.

  • Q4 2020 GDP – $178.34 billion
  • Percent of the US Q4 2020 GDP – 0.8%
  • GDP per capita in 2019 – $53,528

Kentucky

Kentucky holds the 28th place on our list, with all the state economies ranked. The state’s 2020 Q4 GDP was $216 billion, placing it in the company of Alabama, South Carolina, and Oklahoma. Kentucky had a much worse ranking for GDP per capita by state back in 2019. The $42,386 per capita earned Kentucky the 7th worst place in the category.

  • Q4 2020 GDP – $216.46 billion
  • Percent of the US Q4 2020 GDP – 1%
  • GDP per capita in 2019 – $42,386

Louisiana

Louisiana’s GDP of $248 billion represents 1.2% of the total US gross domestic product. When the GDP of each state is considered, Louisiana falls just out of the top 25 states. From the beginning of 2019, by the end of the same year, Louisiana’s GDP has seen a bit of a slowdown during the pandemic year, having dropped from $259 billion in Q4 2019.

  • Q4 2020 GDP – $248.28 billion
  • Percent of the US Q4 2020 GDP – 1.2%
  • GDP per capita in 2019 – $51,729

Maine

Maine is the 8th destination with the worst GDP by US state. Its gross domestic product was only $67.8 billion in 2020. With such a low gross domestic product, Maine’s economy accounts for only 0.3% of the US GDP.

  • Q4 2020 GDP – $67.83 billion
  • Percent of the US Q4 2020 GDP – 0.3%
  • GDP per capita in 2019 – $43,541

Maryland

With the total size of the United States economy at $21.49 trillion, Maryland’s GDP of $432 billion accounts for 2% of the total. We’d like to highlight the impressive GDP growth by state Maryland achieved between 2019 and 2020. Maryland started 2019 with a gross domestic product of $420.72 billion. By the end of the fourth quarter of 2020, the state’s economy was worth an impressive $432.90 billion.

  • Q4 2020 GDP – $432.90 billion
  • Percent of the US Q4 2020 GDP – 2%
  • GDP per capita in 2019 – $61,926

Massachusetts

Massachusetts held the second-highest GDP per capita of $75,258 in 2019 when all the US states are ranked by economy. Our analysis of the best GDP of states places Massachusetts in the 12th position in 2020. So, it’s easy to conclude that Massachusetts is a leading economy in the country. The state’s gross domestic product represents 2.8% of the entire US economy. Massachusetts, in fact, has many great things going on. Boston, for example, is one of the best places to flip houses in the US.

  • Q4 2020 GDP – $598.56 billion
  • Percent of the US Q4 2020 GDP – 2.8%
  • GDP per capita in 2019 – $75,258

Michigan

Michigan is another jurisdiction with an excellent GDP by state of $528 billion. The state’s economy, however, is among those impacted by the pandemic, having fallen to that level from $535 billion in Q1 of 2020. 

  • Q4 2020 GDP – $528.23 billion
  • Percent of the US Q4 2020 GDP – 2.5%
  • GDP per capita in 2019 – $47,448

Minnesota

Minnesota’s $60,066 makes the state the 16th destination with the highest GDP per capita in 2019. Minnesota is also the 17th richest state in the USA by GDP, with a gross domestic product size of $385 billion. Just like many other state economies, Minnesota saw its GDP fall in 2020, having slipped from $389.50 billion in Q4 of 2019 to $385.48 billion a year later.

  • Q4 2020 GDP – $385.48 billion
  • Percent of the US Q4 2020 GDP – 1.8%
  • GDP per capita in 2019 – $60,066

Mississippi

The Mississippi GDP per capita is modest $35,015, placing the state right at the bottom after Arkansas and West Virginia as per 2019 data. Mississippi noted a slow growth of its GDP by state by year. The state’s economy was worth $117 billion at the beginning of 2020, inching to $118.12 billion in the last quarter of the year.

  • Q4 2020 GDP – $118.12 billion
  • Percent of the US Q4 2020 GDP – 0.5%
  • GDP per capita in 2019 – $35,015

Missouri

Missouri is yet another US state with a low gross domestic per capita of under $50,000. The state’s GDP in Q1 of 2019 was $324 billion, and it reached an impressive $330 billion in Q1 of 2020, to rise to 331.6 in Q4. Missouri’s GDP was 1.5% of the total size of the United States economy.

  • Q4 2020 GDP – $331.57 billion
  • Percent of the US Q4 2020 GDP – 1.5%
  • GDP per capita in 2019 – $47,407

Montana

With a GDP per capita by state of only $44,145, Montana was among the 10 worst states in this regard in 2019. The Big Sky State is also the fourth with the lowest gross domestic product of $53 billion. With that GDP, Montana’s economy accounts for only 0.2% of the GDP of the United States.

  • Q4 2020 GDP – $53.02 billion
  • Percent of the US Q4 2020 GDP – 0.2%
  • GDP per capita in 2019 – $44,145

Nebraska

Nebraska doesn’t stand out at all when it comes to the state’s economy. The state’s GDP was largely unchanged over the course of the pandemic, standing at $133.2 billion in the last quarter of 2019, to inch lower to $133.1 billion a year later.

  • Q4 2020 GDP – $133.06 billion
  • Percent of the US Q4 2020 GDP – 0.6%
  • GDP per capita in 2019 – $59,386

Nevada

Nevada’s state rankings by GDP aren’t the best either. The state’s share of the US economy is only 0.8% or $178 billion in Q4 2020. In 2019, Nevada recorded an average gross domestic product per capita of $50,043.

  • Q4 2020 GDP – $178.43 billion
  • Percent of the US Q4 2020 GDP – 0.8%
  • GDP per capita in 2019 – $50,043

New Hampshire

New Hampshire has a GDP of $87 billion in Q4 2020 which makes it the 11th state that contributes the least towards the US economy. The gross domestic product of the state slightly decreased between Q1 of 2020 and Q4 of 2020, slipping from $88 billion to $87 billion. Regarding the per capita GDP, New Hampshire’s $57,272 earned the state the 19th place.

  • Q4 2020 GDP – $87.30 billion
  • Percent of the US Q4 2020 GDP – 0.4%
  • GDP per capita in 2019 – $57,272

New Jersey

New Jersey has always been a huge part of the US economy. The state’s gross domestic product of $635 billion makes the Garden State the 10th economy with the highest US GDP per state. New Jersey’s growth from $626 billion in Q1 2019 to $635 billion in Q4 2020 is even more impressive when we consider a drop to $574 billion in Q2 2020. The state represents about 3% of the US gross domestic product.

  • Q4 2020 GDP – $634.90 billion
  • Percent of the US Q4 2020 GDP – 3%
  • GDP per capita in 2019 – $63,492

New Mexico

New Mexico is on the wrong side of the list regardless of whether we analyze the GDP in US dollars or per capita. The state’s gross domestic product in Q4 of 2020 was $102 billion or about 0.5% of the US GDP. Its GDP per capita was $46,304 in 2019, a bit better than that of Florida.

  • Q4 2020 GDP – $102.63 billion
  • Percent of the US Q4 2020 GDP – 0.5%
  • GDP per capita in 2019 – $46,304

New York

The size of the New York economy compared to the country’s is about 8%. Meaning, New York’s third-largest US GDP by state of 1.72 trillion plays a significant role in the nation’s economy. That’s not surprising as New York is a developed business center, not only in the US but globally. Everything is higher here, including house prices, living costs, and the GDP. New York, for instance, has the highest cigarette prices by state, which isn’t at all surprising. Even the state’s GDP per capita of $75,131 is among the top three stateside.

  • Q4 2020 GDP – $1.72 trillion
  • Percent of the US Q4 2020 GDP – 8%
  • GDP per capita in 2019 – $75,131

North Carolina

North Carolina is among the 15 states with the highest GDP in the United States. Its economy is worth $603 billion or 2.8% of the country’s GDP. The state’s per capita GDP, however, isn’t the best at only $48,496.

  • Q4 2020 GDP – $603.01 billion
  • Percent of the US Q4 2020 GDP – 2.8%
  • GDP per capita in 2019 – $48,496

North Dakota

With a gross domestic product of only $54 billion, North Dakota doesn’t have an impressive state ranking by GDP. Plus, the y-o-y change in North Dakota’s GDP is nearly insignificant, yet negative. The surprise comes when we shift focus to the state’s GDP per capita. Here, North Dakota was among the top five states with its $70,991 in 2019.

  • Q4 2020 GDP – $54.04 billion
  • Percent of the US Q4 2020 GDP – 0.3%
  • GDP per capita in 2019 – $70,991

Ohio

Ohio is another leading US economy with a GDP of nearly $700 billion or, more precisely, $694 billion in 2020 Q4. This state’s economic output by state represents 3.2% of the American GDP. Ohio, however, has a modest gross domestic product per capita of $52,664.

  • Q4 2020 GDP – $694.13 billion
  • Percent of the US Q4 2020 GDP – 3.2%
  • GDP per capita in 2019 – $52,664

Oklahoma

Oklahoma is quite the average economy when one considers gross domestic product by state. Oklahoma’s GDP of $190 billion is 0.9% of the total US GDP. This American economy weakened over the course of the pandemic. In Q4 of 2019, Oklahoma’s GDP was $195.60 billion, only to drop to $190.1 billion. 

  • Q4 2020 GDP – $190.77 billion
  • Percent of the US Q4 2020 GDP – 0.9%
  • GDP per capita in 2019 – $50,876

Oregon

With its GDP of $256 billion, Oregon landed right in the middle of our list of states with the largest economies. This state’s gross domestic product accounts for 1.2% of the US GDP. Oregon’s GDP jumped by $6 billion between 2019 and 2020, which is a good sign for the state’s economy. Despite having a positive GDP by state by year, in 2019, the Beaver State’s GDP slipped from $257.7 billion in Q1 2020 to $256 billion in Q4. 

  • Q4 2020 GDP – $256.49 billion
  • Percent of the US Q4 2020 GDP – 1.2%
  • GDP per capita in 2019 – $52,726

Pennsylvania

Pennsylvania is another major US economy. The state’s GDP of $799 billion makes for 3.7% of the total US gross domestic product in Q4 2020. Pennsylvania noted some fluctuations, with its GDP starting at $797.98 billion in Q1 2020, to rise to $808.93 billion in Q1 2020, to then drop to $799.43 billion in Q4 2020.

  • Q4 2020 GDP – $799.43 billion
  • Percent of the US Q4 2020 GDP – 3.7%
  • GDP per capita in 2019 – $56,868

Rhode Island

When it comes to the state ranking by GDP, Rhode Island is in the bad company of Maine and North Dakota. Rhode Island’s gross domestic product is both low and hardly improving. In Q4 of 2019, it was $62 billion, to fall to $61.57 billion in 2020.

  • Q4 2020 GDP – $61.57 billion
  • Percent of the US Q4 2020 GDP – 0.3%
  • GDP per capita in 2019 – $51,963

South Carolina

South Carolina has a considerable gross domestic product of $248.8 billion as of Q4 2020. Similarly to a lot of other states, South Carolina’s economy saw a fall in 2020, dropping from $251.6 billion in Q4 2019 to $248.8. The state’s GDP per capita meanwhile was fairly low at $41,457 in 2019.

  • Q4 2020 GDP – $248.77 billion
  • Percent of the US Q4 2020 GDP – 1.2%
  • GDP per capita in 2019 – $41,457

South Dakota

Alongside Alaska, Montana, Wyoming, and Vermont, South Dakota has one of the worst state rankings by GDP. Still, this US economy has been slowly growing in the past several quarters. It started 2019 worth $52 billion and then reached $56 billion by the end of the first quarter of 2020, to improve further by the end of the year, despite the COVID-19 pandemic. 

  • Q4 2020 GDP – $57.14 billion
  • Percent of the US Q4 2020 GDP – 0.3%
  • GDP per capita in 2019 – $52,913

Tennessee

Tennessee is quite the opposite of South Dakota. The state has a significant gross domestic product of $376.23 billion and makes for 1.8% of the American economy. Its negative aspect, unlike South Dakota’s, is the state’s GDP per capita of only $48,440 in 2019.

  • Q4 2020 GDP – $376.23 billion
  • Percent of the US Q4 2020 GDP – 1.8%
  • GDP per capita in 2019 – $48,440

Texas

Texas has the second-largest gross domestic product by state in the US. This jurisdiction has always been a strong economy, and its economic output by state is an impressive $1.82 trillion. Texas represents 8.5% of the total GDP of the United States. In Q4 of 2019, the economy even hit the $1.86 trillion mark before dropping amid the pandemic. With the per-capita gross domestic product of the state being $61,682, the Texas GDP ranking in this category is a bit worse. In 2019, the Lone Star State ranked 14th, right between Illinois and Colorado.

  • Q4 2020 GDP – $1.82 trillion
  • Percent of the US Q4 2020 GDP – 8.5%
  • GDP per capita in 2019 – $61,682

Utah

Utah is another growing American economy with a gross domestic product of $202 billion. Utah has been on the rise, as its GDP in Q4 2019 was $196 billion. Its per-capita GDP of $51,407 earned Utah the 30th position on the per capita GDP by state ranking in 2019.

While Utah isn’t among the states with the highest GDP, it’s still a great destination with strong growth potential. In fact, Utah tops the list of the best places to invest in real estate in the USA. The state has a stable house flipping market too.

  • Q4 2020 GDP – $202.82 billion
  • Percent of the US Q1 2020 GDP – 0.9%
  • GDP per capita in 2019 – $51,407

Vermont

With the Vermont GDP in Q4 of 2020 being only $33.7 billion, this state is the worst US economy. It represents 0.2% of the American GDP, and the Green Mountain State’s growth is insignificant. In Q4 of 2019, the state’s gross domestic product was $34.32 billion, and it slipped further within the next 12 months. Besides having the worst GDP by state, Vermont’s GDP per capita of $48,855 in 2019 was among the 15 lowest.

  • Q4 2020 GDP – $33.71 billion
  • Percent of the US Q4 2020 GDP – 0.2%
  • GDP per capita in 2019 – $48,855

Virginia

Virginia’s gross domestic product of $566 billion was enough to earn the state the 13th place here. The state represents 2.6% of the US economy. Over 2020, this economy was not much changed in terms of GDP growth by state, dropping from $566.5 billion in Q4 2020 to $566.4 billion. 

  • Q4 2020 GDP – $566.42 billion
  • Percent of the US Q4 2020 GDP – 2.6%
  • GDP per capita in 2019 – $56,938

Washington

Washington is another one of the largest state economies in the US. The Evergreen State noted an impressive growth of its GDP from $624.9 billion in Q4 2019 to $637.99 billion in Q4 2020. Washington also had the 8th highest gross domestic product per capita of nearly $70,000 in 2019.

  • Q4 2020 GDP – $637.99 billion
  • Percent of the US Q4 2020 GDP – 3%
  • GDP per capita in 2019 – $69,761

West Virginia

West Virginia’s GDP by state by year has been decreasing, bringing bad news for this American economy. In Q1 of 2019, the GDP of West Virginia was $77 billion, and it briefly jumped to $78 billion. By the end of Q4 of 2020, West Virginia’s economy was worth $76 billion. The state also had the 3rd worst per capita GDP of $40,265 in 2019.

  • Q4 2020 GDP – $75.95 billion
  • Percent of the US Q4 2020 GDP – 0.4%
  • GDP per capita in 2019 – $40,265

Wisconsin

Wisconsin holds the 21st position with its GDP of $348 billion in Q4 2020. This state’s economy contributes 1.6% of the total US GDP. Wisconsin’s per capita GDP of $52,534 made it an average state in this regard in 2019.

  • Q4 2020 GDP – $348.16 billion
  • Percent of the US Q4 2020 GDP – 1.6%
  • GDP per capita in 2019 – $52,534

Wyoming

Interestingly, Wyoming has the 2nd worst US GDP by state but also the 8th best GDP per capita. The state’s gross domestic product in US dollars was $35 billion at the end of 2020. Besides being low already, Wyoming’s GRP has been decreasing too. In Q1 of 2019, for instance, the economy was worth $40 billion.

  • Q4 2020 GDP – $37.05 billion
  • Percent of the US Q4 2020 GDP – 0.2%
  • GDP per capita in 2019 – $67,915

Final Words

The United States has been a leading global economy for years now. The country’s GDP, however, depends on the performance of each and every American state. Knowing the GDP by state, therefore, is essential for forecasting how the US economy will do in the months to come. Due to the coronavirus crisis, most American state economies have slowed down. Still, some results are better than early 2019, making experts hopeful that the US GDP will keep growing. As for what states contribute the most, we must mention California, Texas, New York, and Florida as the absolute leaders.

References: BEA, Statista

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