Monday, August 5, 2024

US Nominal GDP by State 8-6-24

All US States continue to grow in GDP, but this is not “private sector” GDP. It’s a mix of private sector GDP and government overspending. At least $10 trillion of our $28 trillion GDP or 36% is spent by government at all levels. Our National Debt is $35 trillion and Our Debt to GDP is 125%. We need to stop and reduce government spending on unnecessary causes and pull our Debt to GDP back to under 100%. We need to re-shore our manufacturing to restore US jobs. 

State                 2021      2022      2023      2024   

California          3.373T   3.598T   3.898T   3.987T

Texas               2.051T   2.355T   2.596T   2.664T

New York         1.901T   2.053T   2.168T   2.227T

Florida             1.255T   1.389T   1.595T   1.647T

Illinois                945B    1.033T   1.092T   1.107T

Pennsylvania    844B     923B      974B     998B

Ohio                  756B     822B     861B     897B

Georgia             691B    755B      811B     833B

N Jersey           682B     745B     807B     826B

N Carolina        662B     730B     773B     794B

Washington      677B     725B     806B     830B

Massachusetts 641B     688B     741B     759B

Virginia            604B     649B     713B     733B

Michigan          572B     620B     664B     679B

Colorado         436B     484B     526B     539B

Tennessee      427B     475B     528B     540B

Maryland         443B     470B     517B     526B

Arizona           420B     458B     512B     529B

Indiana           412B     455B     501B     511B

Minnesota      412B     446B     476B     483B

Wisconsin      368B     401B     417B     427B

Missouri        358B      389B     425B     435B

Connecticut   298B     321B     343B     351B

Oregon          272B     299B     320B     324B

S Carolina     269B     295B     325B     335B

Louisiana      258B     281B     313B     317B

Alabama       254B     277B     302B     311B

Kentucky      237B     260B     280B     285B

Utah             225B     248B     275B     283B

Oklahoma    215B     240B     257B     263B

Iowa             216B     231B     251B     251B

Nevada        194B     215B     241B     252B

Kansas        191B     210B     230B     230B

Arkansas     148B     165B     177B     181B

Nebraska     146B     161B    181B     181B

DC               153B     162B    176B     181B

Mississippi   127B     138B    147B     150B

New Mexico 109B     122B    131B     135B

Idaho             96B     109B    120B     124B

N Hampshire 99B     105B    112B     115B

Hawaii           91B      98B     109B     111B

W Virginia      85B     95B     100B     102B

Delaware       81B     87B       94B      97B

Maine            77B     84B       92B      94B

N Dakota      63B     73B       75B       74B

Rhode Island 66B    71B       78B       80B

S Dakota      61B     67B       73B       73B

Montana       58B    65B       71B        73B

Alaska          57B    63B       67B        69B

Wyoming      41B    47B       51B        51B

Vermont       37B    40B       43B        44B

 

Total US    

2020  22.31T 

2021  23.315T 

2022  25.462T 

2023  26.949T 

2024  28.269T

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

Comments

The US Nominal GDP includes government spending. The 2024 data above is preliminary. I will repost this data again after 12-31-24.

Norb Leahy, Dunwoody GA Tea Party Leader

 

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