Visualizing America's $20 Trillion Economy By State
The U.S. economy is made up of the economies of each individual state.
The sum of the parts
Every U.S. State plays an important role
The overall economic performance of the country.
Texas, for instance, has an economic output comparable to that of South Korea, and even Washington, D.C., a relatively small area, produces over $129 billion annually.
The following visualization by
Visual Capitalists' Avery Koop & Joyce Ma
Uses
Annual data for 2022
The U.S. Bureau of Economic Analysis' (BEA) chart shows the real Gross Domestic Product (GDP) of each state and district in 2012 dollars chained, as well as the personal income per person.
Take a closer look at the States
California has the largest economy of any state in the U.S.
$2,9 trillion
When comparing nominal GDP ($3.6 trillion) to real GDP, the difference is significant.
National GDPs around the world
The GDP of the Golden State would be ranked 5th in the world, right below Germany and Japan.
Take a closer look at the data.
Rank
State
Real GDP (chained in 2012 dollars)
1
California
$2,9 trillion
2
Texas
$1.98 trillion
3
New York
$1,6 trillion
4
Florida
$1 Trillion
5
Illinois
$798 billion
6
Pennsylvania
$726 billion
7
Ohio
639 billion dollars
8
Georgia
$591 billion
9
Washington
$582 billion
T9
New Jersey
$582 billion
11
North Carolina
$560 billion
12
Massachusetts
$544 billion
13
Virginia
$513 billion
14
Michigan
$490 billion
15
Colorado
$386 billion
16
Maryland
$369 billion
17
Tennessee
$368 billion
18
Arizona
$356 billion
19
Indiana
$33 Billion
20
Minnesota
350 billion dollars
21
Wisconsin
$312 billion
22
Missouri
$300 billion
23
Connecticut
253 billion dollars
24
Oregon
$235 billion
25
South Carolina
$226 billion
26
Louisiana
$217 billion
27
Alabama
$213 billion
28
Kentucky
$101.01 billion
29
Utah
$192 billion
30
Oklahoma
$191 billion
31
Iowa
$177 billion
32
Nevada
$165 billion
T32
Kansas
$165 billion
34
District of Columbia
$129 billion
35
Arkansas
$127 billion
36
Nebraska
$124 billion
37
Mississippi
$105 billion
38
New Mexico
95 billion dollars
39
Idaho
$84 billion
40
New Hampshire
$83 Billion
41
Hawaii
75 billion dollars
42
West Virginia
72 billion dollars
43
Delaware
$66 Billion
44
Maine
65 billion dollars
45
Rhode Island
$55 billion
46
North Dakota
$53 billion
47
South Dakota
50 billion dollars
T47
Montana
50 billion dollars
T47
Alaska
50 billion dollars
50
Wyoming
36 billion dollars
51
Vermont
$11 billion
United States
20 trillion dollars
Altogether,
California and New York
You can also find out more about the following:
Texas
In 2022, the combined GDP of these three states will be $6.3 trillion. Florida is the only other state to have reached the trillion-dollar mark, with $1.1 trillion.
Texas economy is a booming one.
Driven
The state is dominated by industries such as advanced manufacturing, life sciences and biotech, aerospace and defense. It is also home of a number large companies like Tesla and Texas Instruments that make it a center for innovation, jobs and opportunities.
New York State is a
Leader
In the cyber security, insurance, agribusiness and clean energy industries, among others. Zooming in on the New York City region reveals a wealth of economic activity from the media, tourism, and financial service sectors.
Regional Disparities
The median GDP per state in 2022 was $217 billion, a much lower figure than the above-mentioned states.
The Great Lakes region is one of eight regions that the BEA has broken down into. All states have GDPs higher than the average, indicating the strength of the industry in states like
Illinois
You can also find out more about the following:
Ohio
New York and most of the Mideast states are included.
Pennsylvania
.
Maryland
Also, have GDPs that are higher than the median country.
Many states in the Plains had lower GDPs than other states, including
Iowa
You can also find out more about the following:
Kansas
Other states with lower GPDs (and in general lower populations) are spread throughout the country. This includes the lowest-ranked
Vermont
New England.
Personal Income per capita
This voronoi chart has also been colored-coded by the personal income per capita of each state. Let's take a closer at these figures:
Rank
State
Personal Income per capita
1
District of Columbia
$96,728
2
Connecticut
$84,972
3
Massachusetts
$84,945
4
New Jersey
$78,700
5
New York
$78,089
6
California
$77,339
7
Washington
$75,698
8
New Hampshire
$74,663
9
Colorado
$74,167
10
Wyoming
$71,342
11
Maryland
$70,730
12
Alaska
$68,919
13
Illinois
$68,822
14
Virginia
$68,211
15
Minnesota
$68,010
16
North Dakota
$66,184
17
South Dakota
$65,806
18
Rhode Island
$65,377
19
Pennsylvania
$65,167
20
Florida
$63,597
21
Nebraska
$63,321
22
Vermont
$63,206
23
Oregon
$62,767
24
Texas
$61,985
25
Delaware
$61,387
26
Nevada
$61,282
27
Wisconsin
$61,210
28
Hawaii
$61,175
29
Kansas
$60,152
30
Maine
$59,463
31
Iowa
$58,905
32
Tennessee
$58,279
33
Indiana
$57,930
34
Utah
$57,925
35
Ohio
$57,880
36
Montana
$57,719
37
North Carolina
$57,416
38
Georgia
$57,129
39
Michigan
$56,813
40
Arizona
$56,667
41
Missouri
$56,551
42
Oklahoma
$54,998
43
Louisiana
$54,622
44
Idaho
$54,537
45
South Carolina
$53,320
46
Kentucky
$52,109
47
Arkansas
$51,787
48
New Mexico
$51,500
49
Alabama
$50,637
50
West Virginia
$49,169
51
Mississippi
$46,248
Economic Engines and Future Growth
Strong urban populations are the driving force behind many of the biggest state economies. These metropolises are the
Economic engines
The country's innovation, and the ability to attract new talent.
You can also find out more about the following:
NYC-Newark/Jersey City
The metropolitan area, which generates over
Two Trillion Dollars
Los Angeles generated $1.1 trillion in economic output. Los Angeles alone generated $1.1 trillion.
These are obvious hubs but some cities and states are attracting new business. They are also anticipating significant growth in the economy. North Carolina has been ranked the best state in the United States.
to do business in
The country has a strong tech and innovation culture, as well as easy access to capital.
The U.S. may see a shift in economic power over time, but the countries that contribute the most to the GDP of the country are still far ahead.