50 States & DC Q2 2019 GDP and 5-Year Growth Rate

[dimondpark]

For whomever is intetested. Alaska is the only state that contracted in the 5 year period. Other states slowed down significantly due to the energy industry slowdown of the middle of this decade.

Washington, Oregon and Utah lead in percentage growth followed by California and Nevada.


50 States & DC Q2 2019 GDP
---UNITED STATES.$21,340,267,000,000---
CALIFORNIA........$3,123,731,500,000
TEXAS..................$1,881,553,300,000
NEW YORK...........$1,727,702,000,000
FLORIDA...............$1,087,311,800,000
ILLINOIS.............. ...$893,579,700,000
PENNSYLVANIA.....$810,326,200,000
OHIO........................$696,087,800,000
NEW JERSEY...........$641,902,200,000
GEORGIA.................$613,105,200,000
WASHINGTON........$596,412,100,000
MASSACHUSETTS.$592,587,900,000
NORTH CAROLINA.$585,050,200,000
VIRGINIA.................$551,847,700,000
MICHIGAN..............$539,231,700,000
MARYLAND.............$426,407,300,000
COLORADO..............$388,730,800,000
MINNESOTA............$379,387,300,000
TENNESSEE............$378,285,500,000
INDIANA..................$372,060,600,000
ARIZONA.................$364,276,600,000
WISCONSIN............$342,613,200,000
MISSOURI................$326,693,800,000
CONNECTICUT........$284,357,400,000
LOUISIANA..............$263,094,200,000
OREGON..................$250,401,900,000
SOUTH CAROLINA.$245,082,800,000
ALABAMA................$229,939,200,000
KENTUCKY...............$213,734,600,000
OKLAHOMA.............$206,139,300,000
IOWA........................$194,038,500,000
UTAH........................$187,415,700,000
NEVADA...................$176,861,800,000
KANSAS...................$172,358,400,000
DISTRICT OF COLUMBIA...$145,475.7
ARKANSAS..............$132,438,300,000
NEBRASKA..............$126,321,900,000
MISSISSIPPI............$118,263,000,000
NEW MEXICO..........$103,814,000,000
HAWAII......................$96,831,500,000
NEW HAMPSHIRE....$88,147,300,000
IDAHO........................$80,446,200,000
WEST VIRGINIA .......$78,255,800,000
DELAWARE................$75,216,300,000
MAINE........................$67,137,900,000
RHODE ISLAND.........$63,241,900,000
NORTH DAKOTA........$57,031,500,000
ALASKA......................$55,494,600,000
SOUTH DAKOTA.........$53,044,100,000
MONTANA..................$51,932,700,000
WYOMING..................$39,787,600,000
VERMONT...................$34,611,700,000

GDP Growth 2014-Q2 2019
(in billions of dollars)
---+4,236B----UNITED STATES
+$794B CA
+$346B TX
+$336B NY
+$270B FL
+$166B WA
+$146B IL
+$139B GA
+$134B PA
+$133B MA
+$120B OH
+$116B NC
+$104B NJ
+$102B MI
+$95B VA
+$90B CO
+$84B AZ
+$81B MD
+$81B TN
+$67B MN
+$67B OR
+$57B SC
+$56B WI
+$54B IN
+$49B MO
+$49B UT
+$44B NV
+$40B CT
+$39B AL
+$31B LA
+$30B KY
+$29B IA
+$29B KS
+$27B DC
+$20B HI
+$18B ID
+$17B NE
+$17B NH
+$16B AR
+$16B MS
+$16B OK
+$13B NM
+$12B ME
+$11B DE
+$9B RI
+$8B MT
+$7B SD
+$7B WV
+$5B VT
+$0.8B WY
+$0.7B ND
-$0.5B AK

GDP Growth 2014-Q2 2019
(by percent)
+38.60% WA
+36.81% OR
+35.50% UT
+34.09% CA
+33.33% NV
+33.04% FL
+30.48% SC
+30.20% CO
+30.10% AZ
+29.38% GA
+29.03% ID
+28.97% MA
+27.27% TN
+26.31% HI
+24.78% NC
---+24.50%---UNITED STATES
+24.28% NH
+24.15% NY
+23.47% MD
+23.34% MI
+22.88% DC
+22.54% TX
+22.24% ME
+21.54% MN
+20.86% OH
+20.83% VA
+20.63% AL
+20.42% KS
+19.85% PA
+19.58% WI
+19.54% IL
+19.36% NJ
+18.60% MT
+17.85% VT
+17.75% MO
+17.68% IA
+17.46% DE
+17.03% IN
+16.98% RI
+16.46% CT
+16.39% KY
+15.68% MS
+15.59% NE
+14.44% NM
+13.91% AR
+13.85% LA
+10.08% WV
+8.88% SD
+8.42% OK
+2.27% WY
+1.39% ND
-0.88% AK

bea.gov

and here's hoping for a prosperous 2020 to all. Happy New Year:ok:

[jtown,man]

DC has a larger GDP than Arkansas. DC has what...700k? Arkansas has 3 million. Incredible.

Also, California never fails to surprise me.

[Pedestrian]

I thought every company in CA was heading to TX.

PS: Looks like CA's GROWTH was bigger than the total GDP in all but 6 states, itself among them.

[JManc]

The fact that New York did better than Texas really surprised me despite the downturn in the TX economy..which is very apparent in those figures. I understand NYC is doing well but NYS still has a lot of dead weight upstate.

[Pedestrian]

Originally Posted by JManc

The fact that New York did better than Texas really surprised me despite the downturn in the TX economy..which is very apparent in those figures. I understand NYC is doing well but NYS still has a lot of dead weight upstate.

Texas has a fair amount in East TX too (outside the big cities). Evidently it balances out.

But I get the feeling the economy of the Permian area is just beginning to hit the skids. Seems like almost every day the WSJ carries an article about the troubles of the industry: Shale Slowdown Takes Economic Toll

[TexasPlaya]

Originally Posted by Pedestrian

Texas has a fair amount in East TX too (outside the big cities). Evidently it balances out.

But I get the feeling the economy of the Permian area is just beginning to hit the skids. Seems like almost every day the WSJ carries an article about the troubles of the industry: Shale Slowdown Takes Economic Toll

Shrewd... trying to prop up coal over natural gas.

Texas looks like everywhere else outside the major cities and handful of smaller towns (usually based around higher education).

[BG918]

Originally Posted by Pedestrian

I thought every company in CA was heading to TX.

PS: Looks like CA's GROWTH was bigger than the total GDP in all but 6 states, itself among them.

CA can shed numerous companies and jobs and still will outperform the rest of the country. It's economy is that large and advanced.

[Obadno]

Originally Posted by jtown,man

DC has a larger GDP than Arkansas. DC has what...700k? Arkansas has 3 million. Incredible.

Also, California never fails to surprise me.

It helps when you have trillions of dollars of federal spending and untold billions of private lobbying dollars flowing through your small city of 700k each and every year.

[dimondpark]

Originally Posted by Obadno

It helps when you have trillions of dollars of federal spending and untold billions of private lobbying dollars flowing through your small city of 700k each and every year.

touché

[dimondpark]

States $500B+ among world economies:

Rank Country GDP 2019
1 United States $21,439,453,000,000
2 China $14,140,163,000,000
3 Japan $5,154,475,000,000
4 Germany $3,603,863,344,000
CALIFORNIA........$3,123,731,500,000
5 India $2,935,570,000,000
6 United Kingdom $2,743,586,000,000
7 France $2,707,074,000,000
8 Italy $1,988,636,000,000
TEXAS..................$1,881,553,300,000
9 Brazil $1,847,020,000,000
10 Canada $1,730,914,000,000
NEW YORK...........$1,727,702,000,000
11 Russia $1,637,892,000,000
12 Korea, South $1,629,532,000,000
13 Spain $1,397,870,000,000
14 Australia $1,376,255,000,000
15 Mexico $1,274,175,000,000
16 Indonesia $1,111,713,000,000
FLORIDA...............$1,087,311,800,000
17 Netherlands $902,355,000,000
ILLINOIS.............. ...$893,579,700,000
PENNSYLVANIA.....$810,326,200,000
18 Saudi Arabia $779,289,000,000
19 Turkey $743,708,000,000
20 Switzerland $715,360,000,000
OHIO........................$696,087,800,000
NEW JERSEY...........$641,902,200,000
GEORGIA.................$613,105,200,000
WASHINGTON........$596,412,100,000
MASSACHUSETTS.$592,587,900,000
NORTH CAROLINA.$585,050,200,000
21 Poland $565,854,000,000
VIRGINIA.................$551,847,700,000
MICHIGAN..............$539,231,700,000
22 Thailand $529,177,000,000
23 Sweden $528,929,000,000
24 Belgium $517,609,000,000

International Monetary Fund and bea.gov

Interesting observation:
NYS is about 3 billion shy of Canada as of Q2 2019, it's conceivable that by Dec 31, the state surpassed our northern neighbor.

[LosAngelesSportsFan]

Looks like California has a shot of passing Germany as well lol. Incredible

[TexasPlaya]

Flur-da became a member of the trillion dollar club.

[The North One]

Originally Posted by LosAngelesSportsFan

Looks like California has a shot of passing Germany as well lol. Incredible

And yet Germany in every measure possible is a far better place to live and will still be afterwards. Better than really every state in this union.

California can't even complete a single high speed rail line, Germany has an entire network of them...

It tells you GDP amounts to little or nothing in the US for infrastructure and quality of life. Do we need a damn revolution just to get some decent shit here?

[mousquet]

Well, burning polluting fuel and coal, selling cigarettes causing cancer, weapons causing death and lots of wrong things tend to boost one's GDP. To my knowledge, none of those things is anything good for one's economy on the long run.
What does CA produce to sustain such a regional GDP? Ludicrous dating platforms? Marvel and Star Wars movies? I get bored in less than 10 minutes at these things. Come on, let's be honest and serious.

I'm not saying GDP figures are meaningless, but it takes much much more data to get an accurate picture of a region's situation.

Here's a very weird figure I recently read about the US.
The wealthiest 10% bit of their population would own 79% of their national wealth. Yep, the remaining 90% still may die with their 21%.
Here in France, the 10% wealthiest would own 51% of our national wealth. Still way too much IMO.

In a nutshell, social mobility has been screwed in the Western world because globalization is savage, not regulated. And you need agreement between developed countries to enforce fair international trade regulations.
In the US, they still believe they're the country of opportunities, the "Land of the Free" as they say. I know trust in one's country is something essential to the economy, but at some point, trust turns out to only be dumb naivety.

I'm sorry about this.

[Handro]

Originally Posted by The North One

It tells you GDP amounts to little or nothing in the US for infrastructure and quality of life. Do we need a damn revolution just to get some decent shit here?

Yea, probably. It’s the absolute simplest measure that the economy in this country is set up to benefit a very select class.

[LosAngelesSportsFan]

Originally Posted by mousquet

Well, burning polluting fuel and coal, selling cigarettes causing cancer, weapons causing death and lots of wrong things tend to boost one's GDP. To my knowledge, none of those things is anything good for one's economy on the long run.
What does CA produce to sustain such a regional GDP? Ludicrous dating platforms? Marvel and Star Wars movies? I get bored in less than 10 minutes at these things. Come on, let's be honest and serious.

I'm not saying GDP figures are meaningless, but it takes much much more data to get an accurate picture of a region's situation.

Here's a very weird figure I recently read about the US.
The wealthiest 10% bit of their population would own 79% of their national wealth. Yep, the remaining 90% still may die with their 21%.
Here in France, the 10% wealthiest would own 51% of our national wealth. Still way too much IMO.

In a nutshell, social mobility has been screwed in the Western world because globalization is savage, not regulated. And you need agreement between developed countries to enforce fair international trade regulations.
In the US, they still believe they're the country of opportunities, the "Land of the Free" as they say. I know trust in one's country is something essential to the economy, but at some point, trust turns out to only be dumb naivety.

I'm sorry about this.

What does California produce? Is this a joke? This may be the most ignorant post in the history of SSP. California produces more of pretty much everything that Germany may produce and them some. Its probably the most fertile land in the world with massive industries in tech, finance, trade, entertainment, manufacturing, tourism and on and on and on. LMAO

[dimondpark]

Originally Posted by LosAngelesSportsFan

What does California produce? Is this a joke? This may be the most ignorant post in the history of SSP. California produces more of pretty much everything that Germany may produce and them some. Its probably the most fertile land in the world with massive industries in tech, finance, trade, entertainment, manufacturing, tourism and on and on and on. LMAO

Well for one, California agriculture beats Europe's 4 largest economies-combined.

Agriculture GDP
California $47B
France €8.2B
Italy €8.1B
Germany €7.1B
UK £3.0B

Approximately half of the fresh fruits and vegetables in the entire United States is produced in California.

I wonder how that will be skewed into some unimportant, peripheral point, I guess they dont eat.

[Crawford]

Originally Posted by mousquet

What does CA produce to sustain such a regional GDP?

Germany isn't exactly a hotbed of innovation. Their wealth is mostly from legacy Mittlestand manufacturing industries. Germany doesn't have a single university that would rank among CA's better universities.

Of course Germany has arguably higher quality of life, but is objectively much less prosperous than CA, or really anywhere in the U.S. (OK, maybe not Delta Mississippi or a Dakotas Indian reservation, but almost anywhere).

[LA21st]

Originally Posted by Pedestrian

I thought every company in CA was heading to TX.

PS: Looks like CA's GROWTH was bigger than the total GDP in all but 6 states, itself among them.

LOL.

It was always a dumb narrative .

[LA21st]

Originally Posted by BG918

CA can shed numerous companies and jobs and still will outperform the rest of the country. It's economy is that large and advanced.

Yup. All the talk of losing companies in any field doesn't mean squat. Companies leave, California just replaces them. Unlike some states....