US States by NGDP 1-27-26

Based on projected data for 2025–2026, California, Texas, New York, and Florida continue to lead as the largest state economies in the United States. These rankings are based on nominal GDP and are influenced by factors like technology, energy, and population growth.  

Below are the top 20 U.S. states by nominal GDP, based on 2024–2025 preliminary data, which serves as the foundation for 2026 projections: 

California ($4.13 Tn)

Texas ($2.73 Tn)

New York ($2.31 Tn)

Florida ($1.72 Tn)

Illinois ($1.14 Tn)

Pennsylvania ($1.03 Tn)

Ohio ($933 Bn)

Georgia ($887 Bn)

Washington ($859 Bn)

New Jersey ($851 Bn)

North Carolina ($845 Bn)

Massachusetts ($785 Bn)

Virginia ($769 Bn)

Michigan ($711 Bn)

Colorado ($557 Bn)

Arizona ($555 Bn)

Tennessee ($553 Bn)

Maryland ($546 Bn)

Indiana ($530 Bn)

Minnesota ($502 Bn) 

Note: Data for 2026 represents forward-looking projections based on trends observed through 2024–2025. 

Key Trends for 2026

Top 4 Dominance: California, Texas, New York, and Florida contribute over one-third of the total U.S. GDP.

California's Lead: California's economy is expected to remain significantly larger, with a nominal GDP over 50% larger than second-place Texas.

Fastest Growing: States like Florida, Tennessee, and Utah have shown high rates of economic growth, affecting their positions in the top 20.

Sector Performance: Energy (Texas, North Dakota) and Finance/Information (New York, California) are projected to continue as leading drivers of growth. 

As of January 2026, the United States economy is projected to reach approximately $31.8 trillion in nominal GDP. While finalized official figures for 2026 will not be released until the following year, recent reports and early 2026 forecasts from sources like World Population Review and Visual Capitalist indicate the following ranking for the top 20 states by nominal GDP: 

1. California: $4.13 trillion

2. Texas: $2.73 trillion

3. New York: $2.31 trillion

4. Florida: $1.72 trillion

5. Illinois: $1.14 trillion

6. Pennsylvania: $1.03 trillion

7. Ohio: $933.04 billion

8. Georgia: $887.92 billion

9. Washington: $859.89 billion

10. New Jersey: $851.86 billion

11. North Carolina: $845.14 billion

12. Massachusetts: $785.14 billion

13. Virginia: $769.66 billion

14. Michigan: $711.48 billion

15. Colorado: $557.31 billion

16. Arizona: $555.61 billion

17. Tennessee: $553.47 billion

18. Maryland: $546.36 billion

19. Indiana: $530.66 billion

20. Minnesota: $502.95 billion 

Economic Context for 2026

Growth Drivers: State economies in 2026 are primarily influenced by AI infrastructure investment, particularly in data centers and power generation, as well as resilient consumer spending.

Regional Performance: The Southeast remains the largest economic region, led by Florida and 

Georgia, while the Far West (driven by California) continues to hold the second-highest regional output.

National Outlook: Real GDP growth for the U.S. in 2026 is projected to range between 1.8% and 2.5%, with some forecasts suggesting an acceleration due to tax reforms and reduced tariff drags. 

https://www.google.com/search?q=list+us+top+20+states+by+nominal+gdp+in+2026

Norb Leahy, Dunwoody GA Tea Party Leader