Which states have the highest GDP growth?

Which states have the highest GDP growth?

Here are the 10 states with the highest GDP growth:

  • Washington (5.70%)
  • Utah (4.30%)
  • Idaho (4.10%)
  • Arizona (4.00%)
  • California (3.50%)
  • Colorado (3.50%)
  • Florida (3.50%)
  • Oregon (3.40%)

What state has the strongest economy 2021?

Utah is the top state for economy. It’s followed by Colorado, Idaho, Washington and Massachusetts to round out the top five. Five of the 10 states with the strongest economies also rank among the top 10 Best States overall.

What US state has the fastest growing economy?

The Utah economy has been a powerhouse in recent decades, hence the reason why it takes the No. 1 spot. Over the last five years, Utah’s GDP grew by an excellent 19.1%, the second-highest growth rate for that period out of all 50 states.

What is the GDP for each state?

50 states and the District of Columbia

State or district Nominal GDP at current prices (millions of U.S. dollars) Annual GDP change at current prices (2020 – 2021)
California * $3,353,473 1.49%
Texas * $2,006,662 3.37%
New York * $1,893,670 1.13%

Which state contributes the most to the US economy?

The gross domestic product (GDP) of California was about 3.09 trillion U.S. dollars in 2020, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 32.8 billion U.S. dollars. What is GDP?

Who has the highest GDP?

United States
GDP by Country

# Country GDP (abbrev.)
1 United States $19.485 trillion
2 China $12.238 trillion
3 Japan $4.872 trillion
4 Germany $3.693 trillion

Is California’s economy bigger than India?

The economy of the State of California is the largest in the United States, with a $3.0 trillion gross state product (GSP) as of 2020. If California were a sovereign nation (2020), it would rank as the world’s fifth largest economy, ahead of United Kingdom and India and behind Germany.