The chart above shows the annualized nominal gross domestic product (GDP) in each US state as of the second quarter of 2021 in millions of dollars, the change from the previous quarter, and the GDP one year prior. All 50 states grew over the previous quarter and the same quarter last year.
- The difference between the state with the largest GDP, California, and the state with the smallest, Vermont, is $3,254,081.10 million (up from $3,148,299.50 million last quarter and up from $2,781,690.80 million last year). California and Vermont had the largest and smallest GDP respectively both last quarter and last year.
- California has 91.17 times the GDP that Vermont does. The ratio of largest GDP to smallest GDP was up from 91.00 last quarter and down from 91.30 last year.
- The median GDP in the 50 US states is $258,713.95 million (up from $251,193.30 million last quarter and up from $222,455.75 last year) and the mean $448,965.68 million (up from $435,034.74 the previous quarter and up from $384,127.95 last year).
- Of the 50 states, 50 saw a rise of GDP in current dollars from the previous quarter while 0 saw a contraction.
- Of the 50 states, 50 saw a rise of GDP in current dollars from last year while 0 saw a contraction.
- Data is from the second quarter of 2020, the first quarter of 2021, and the second quarter of 2021.
- The data is seasonally adjusted in current dollars.
- Growth rates may differ from those provided by the Bureau of Economic Analysis as the BEA's growth rates are based on chained dollars in conjunction with the chain index or the quality index for real GDP.
- Data may conflict with previous report as statistical agencies make updates to the data over the course of each release.
- All figures are rounded to the nearest hundredth.
In absolute terms, Vermont had the worst performance over the previous quarter with a gain of $1,107.00 million. California had the best performance with a gain of $106,888.60 million. Year over year, Vermont had the worst performance with a gain of $5,284.70 million while California had the best performance with a gain of $477,675.00 million.
In relative terms, Delaware had the worst performance over the previous quarter with a 2.05% gain in GDP while North Dakota had the best performance with a 5.31% gain in GDP. Year over year, Delaware had the worst performance with a 10.69% gain in GDP while North Dakota had the best performance with a 30.24% gain in GDP.
California accounted for nearly one-sixth of the economic output of the 50 states at 14.66%. It, with Texas and New York accounted for just under one-third of the economic output of the 50 states at 31.67%. Adding in Florida, Illinois, Pennsylvania, Ohio, and Georgia amounts to just over half the economic output of the 50 states at 51.16%.
North Dakota (from 45th to 44th) rose 1 spot over the previous quarter. Rhode Island (from 44th to 45th) fell 1 spot. Year over year, Indiana (from 19th to 17th), Tennessee (from 20th to 18th), and North Dakota (from 46th to 44th) rose 2 spots. On the flip side, Arizona (from 17th to 20th) fell 3 spots.
|State||Second Quarter 2020||First Quarter 2021||Second Quarter 2021|
US Bureau of Economic Analysis. 2021. "GDP by State." Accessed October 25, 2021. https://www.bea.gov/data/gdp/gdp-state.