What State Has Highest Gdp Per Capita Out of all 50 states New York had the highest per capita real gross domestic product GDP in 2023 at 90 730 U S dollars followed closely by Massachusetts
Ranked Which State has the Highest GDP per Capita Washington D C has the highest per capita GDP in the U S at nearly 260 000 For reference it s more than 100 000 higher than Luxembourg the richest country in the world by the same metric Rank State GDP per Capita 2023 1 Washington D C 259 954 2 New York Based on 2023 data from the Bureau of Economic Affairs and the Census Bureau the map below shows the GDP per capita of each US state The highest per capita GDP in the US belongs to Washington DC where it stands at almost 260 000 Trailing behind in second and third place are New York 110 980 and Massachusetts 105 164
What State Has Highest Gdp Per Capita
What State Has Highest Gdp Per Capita
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GDP By State U S Bureau Of Economic Analysis BEA
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GDP Per Capita By State 2018 MapPorn
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The real GDP in individual states increased at an annual rate ranging from 175 in Texas to 0 3 in Michigan and Maryland New York was the only state that saw no change in GDP from Q3 to Q4 2022 Three states South Dakota Nebraska and Iowa saw decreases in GDP ranging from 1 2 to 4 3 The ten states with the largest GDP per capita are For example the District of Columbia has a higher per capita GDP than any state at 214 285 but its poverty rate 16 8 in 2021 latest information is among the highest in the country What
New York also has the highest per capita GDP by state at 76 365 Again it s no surprise as the state has almost 20 million inhabitants Statista Florida 1 37 trillion Florida is the third most populous state with the growth of the population fueling the economy and the growth of income According to the 2020 Census it had 21 538 187 In 2022 the states with the highest GDP per capita were New York Massachusetts and North Dakota while for personal income per capita the District of Columbia led followed by Massachusetts and New York These rankings highlight the varied economic engines and income distributions across the nation Let s dive deeper into what these
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Real GDP per capita goes a step further and divides real GDP by population so real GDP per capita measures the inflation adjusted value of production of finished goods and services per person For per capita GDP only two of the above states ranked in the top five in 2022 New York was first followed by Massachusetts then Washington while The U S Census Bureau provides annual updates but rapid demographic shifts such as migration trends can temporarily distort per capita figures States experiencing population surges may see a temporary dip in GDP per capita even if their total economic output is growing Data Sources for State Level GDP Figures
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Countries With The Highest GDP Per Capita 2019 University Magazine
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