US Nominal GDP by State 2020 to 2022

Nominal US GDP by year was adjusted down in 2020 to 20.06T. It is unclear why this adjustment was made. 

Year            2020        2021      2022

NGDP         20.06T     23.41T   25.46T

NGDP est   22.32T previously reported

US Nominal GDP by State 2020-2021-2022 includes revenue from goods and services in the private sector economy plus all government spending that accounts for all of the increases in GDP in 2021 and 2022. 

State                  2020           2021        2022

California            3.0T         3.373T      3.598T

Texas                 1.8T         2.051T      2.355T

New York           1.9T         1.901T      2.053T

Florida               1.1T         1.255T      1.389T

Illinois                880B          945B       1.033T

Pennsylvania    803B          844B         923B

Ohio                  689B          756B         822B

Georgia             602B          691B        755B

N Jersey           635B          682B         745B

N Carolina        576B          662B         730B

Washington      577B          677B         725B

Massachusetts  576B         641B         688B

Virginia            544B          604B         649B

Michigan           537B          572B         620B

Colorado          377B          436B         484B

Tennessee       374B          427B         475B

Maryland          418B          443B         470B

Arizona            355B           420B         458B

Indiana            372B           412B         455B

Minnesota       375B           412B         446B

Wisconsin       372B           368B         401B

Missouri          323B           358B         389B

Connecticut    280B           298B         321B

Oregon           143B           272B         299B

S Carolina      234B           269B         295B

Louisiana       255B           258B         281B

Alabama        225B           254B         277B

Kentucky        212B          237B          260B

Utah               181B         225B          248B

Oklahoma      203B         215B          240B

Iowa               193B         216B          231B

Nevada          169B         194B          215B

Kansas          170B         191B          210B

Arkansas       130B         148B          165B

Nebraska       125B         146B         161B

DC                 150B         153B         162B

Mississippi     116B         127B         138B

New Mixico    101B         109B         122B

Idaho               77B           96B         109B

N Hampshire   86B           99B         105B

Hawaii             93B           91B           98B

W Virginia       79B           85B           95B

Deleware        77B           81B           87B

Maine             65B           77B           84B

N Dakota        56B           63B           73B

Rhode Island  61B           66B           71B

S Dakota        53B           61B           67B

Montana         50B           58B           65B

Alaska            55B           57B           63B

Wyoming        40B           41B           47B

Vermont         34B           37B           40B

Total US     21.06T      23.315T    25.462T

https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP

Nominal US GDP by year revised down in 2020.

2020        2021      2022

22.32T    23.41T   25.4T

21.06T  dec 2020

GDP data is inconsistent in 2021 between Wikipedia and BEA.gov.

https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP

https://www.google.com/search?q=U.S.+GDP+2020&sa=X&ved=2ahUKEwjwufDM9tT_AhWfkmoFHXiVCwIQ1QJ6BAgbEAE&biw=1068&bih=439&dpr=1.8

https://www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-advance-estimate#:~:text=Current%2Ddollar%20GDP%20increased%209.2,(tables%201%20and%203)

Comments

Nominal GDP measures productivity and indicates where economic activity is high. Of the high production States, Texas and Florida are more affordable than Illinois, California or New York where taxes are high.

Norb Leahy, Dunwoody GA Tea Party Leader