US 2024 Nominal GDP by State 1-2-25

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

State/District    Nominal GDP

                        $ 2022     $2024

California         3.598B    4.080B

Texas              2.356B    2.695B

New York        2.053B    2.284B

Florida            1.356B    1.695B

Illinois             1.033B    1.132B

Pennsylvania    923M    1.017B

Ohio                  822M     923M

Georgia            755M      878M

Washington      725M      851M

New Jersey      745M      841M

N Catolina        730M      833M

Massachusetts 688M     776M

Virginia             649M     759M

Michigan          620M     703M

Colorado          484M     550M

Arizona             458M     549M

Tennessee       475M     546M

Maryland          470M     539M

Indiana             455M     524M

Minnesota        446M     498M

Wisconsin        401M     448M

Missouri           389M     448M

Connecticut     321M     363M

Oregon            299M     329M

S Carolina       295M     348M

Louisiana        281M     327M

Alabama         277M     318M

Utah               248M     299M

Kentucky        260M     291M

Oklahoma      240M     265M

Nevada          215M     260M

Iowa               231M     256M

Kansas          210M     234M

Arkansas       165M     186M

Nebraska       161M     185M

DC                 162M     185M

Mississippi     138M     156M

New Mexico   122M     140M

Idaho             109M     127M

N Hampshire 105M     120M

Hawaii             98M     115M

W Virginia       95M     107M

Delaware        87M     102M

Maine             84M       99M

Rhode Island  73M      82M

N Dakota        73M      76M

Montana         65M      76M

S Dakota        67M      75M

Alaska            63M      70M

Wyoming       47M       53M

Vermont        40M       45M

US total       25.162T 29.017T

                              

US Territories

Puerto Rico 103M      116M

Guam           5.8M         7M

US Virgin Is  4.2M         5M

N Mariana Is 1.1M       1.1M

Am Samoa   700K       871K

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

 

US Nominal GDP by Year

2024 29.167T

2023 26.949T

2022 24.460T

2021 23.315T

2020 21.060T

2019 21.380T

2018 20.533T

• U.S. gdp for 2021 was $23,315.08B, a 10.71% increase from 2020.  (V-recovery)
• U.S. gdp for 2020 was $21,060.47B, a 1.5% decline from 2019  (Covid)
• U.S. gdp for 2019 was $21,380.98B, a 4.13% increase from 2018  
• U.S. gdp for 2018 was $20,533.06B, a 5.42%

Comments

The US GDP rose by $5.85T from 2021 to 2024 due to Federal Government Overspending that resulted in a cumulative Inflation Rate of 25% for all and to 35% for household with income under $50,000 per year.   The Trump Agenda needs to be implemented to reduce federal spending by $3 trillion. Foreign Aid totals $1 trillion, Federal Grants total $1 trillion. Downsizing can total $1 trillion.

There are some expenses required to improve Federal Government Productivity and Data Accuracy. This should include a common database and hack-proof computers.  AI can improve speed and accuracy of government data using AI crosschecking. This will have a positive impact to reduce identity theft, visa overstays and numbers of actual US citizens.

Norb Leahy, Dunwoody GA Tea Party Leader