50 States and DC GDP Data Released for Q3 2018 (how much, club)

[18Montclair]

Q3 2018 GDP data was released last month by bea.gov, and here is the 12-month state gdp for that time period.

Lots to glean here are as far as growth.

RANK/STATE/Q3 2017-Q3 2018 GDP
1 CALIFORNIA $2,971,045,000,000
2 TEXAS $1,782,861,000,000
3 NEW YORK $1,694,952,000,000
4 FLORIDA $1,042,886,000,000
5 ILLINOIS $867,714,000,000

6 PENNSYLVANIA $797,782,000,000
7 OHIO $679,824,000,000
8 NEW JERSEY $634,346,000,000
9 GEORGIA $594,513,000,000
10 MASSACHUSETTS $576,567,000,000

11 NORTH CAROLINA $569,781,000,000
12 WASHINGTON $568,575,000,000
13 VIRGINIA $539,353,000,000
14 MICHIGAN $537,994,000,000
15 MARYLAND $418,594,000,000

16 INDIANA $373,282,000,000
17 TENNESSEE $369,345,000,000
18 COLORADO $369,160,000,000
19 MINNESOTA $366,530,000,000
20 ARIZONA $349,850,000,000

21 WISCONSIN $339,100,000,000
22 MISSOURI $320,087,000,000
23 CONNECTICUT $276,191,000,000
24 LOUISIANA $252,028,000,000
25 OREGON $241,670,000,000

26 SOUTH CAROLINA $232,804,000,000
27 ALABAMA $223,387,000,000
28 KENTUCKY $211,535,000,000
29 OKLAHOMA $202,345,000,000
3. IOWA $191,272,000,000

31 UTAH $178,305,000,000
32 NEVADA $170,313,000,000
33 KANSAS $165,415,000,000
(WASHINGTON DC $141,987,000,000)
34 ARKANSAS $128,887,000,000
35 NEBRASKA $124,577,000,000

36 MISSISSIPPI $114,232,000,000
37 NEW MEXICO $99,583,000,000
38 HAWAII $91,951,000,000
39 NEW HAMPSHIRE $86,701,000,000
40 WEST VIRGINIA $78,345,000,000

41 IDAHO $77,057,000,000
42 DELAWARE $75,701,000,000
43 MAINE $64,830,000,000
44 RHODE ISLAND $61,888,000,000
45 NORTH DAKOTA $55,968,000,000

46 ALASKA $54,628,000,000
47 SOUTH DAKOTA $52,218,000,000
48 MONTANA $50,067,000,000
49 WYOMING $40,995,000,000
50 VERMONT $33,846,000,000

UNITED STATES $20,658,204,000,000


This reflects data for 7 quarters(21 months)
(In millions of dollars)
State Q3/2018......Q1/2017....Growth
CA $2,971,045...$2,733,997...+$237,048
TX $1,782,861...$1,612,051...+$170,810
NY $1,694,952...$1,584,879...+$110,073
FL $1,042,886...$962,766...+$80,110
IL $867,714...$812,182...+$55,529

PA $797,782...$742,609...+$55,173
OH $679,824...$635,457...+$44,367
NJ $634,346...$591,621...+$42,725
GA $594,513...$554,594...+$39,919
MA $576,567...$533,142...+$43,425

NC $569,781...$532,054...+$37,727
WA $568,575...$511,540...+$57,035
VA $539,353...$503,258...+36,095
MI $537,994...$501,241...+$36,753
MD $418,594...$393,481...+$25,113

IN $373,282...$348,509...+$24,773
TN $369,345...$343,717...+$25,628
CO $369,160...$338,483...+$30,677
MN $366,530...$347,440...+$19,090
AZ $349,850...$320,908...+$28,942

WI $339,100...$317,000...+$22,100
MO $320,087...$298,567...+$21,520
CT $276,191...$261,436...+$14,755
LA $252,028...$233,242...+$19,786
OR $241,670...$221,924...+$19,746

SC $232,804...$219,459...+$13,345
AL $223,387...$208,367...+$15,020
KY $211,535...$198,642...+$12,893
OK $202,345...$184,718...+$17,627
IA $191,272...$182,173...+$9,099

UT $178,305...$161,432...+$16,873
NV $170,313...$155,207...+$15,106
KS $165,415...$157,593...+$7,822
(DC $141,987)...$133,886...+$8,101
AR $128,887...$121,614...+$7,273
NE $124,577...$117,793...+$7,684

MS $114,232...$108,590...+$5,642
NM $99,583...$93,119...+$6,464
HI $91,951...$87,712...+$4,239
NH $86,701...$80,474...+$6,227
WV $78,345...$73,118...+$5,227

ID $77,057...$70,530...+$6,527
DE $75,701...$72,134...+$3,567
ME $64,830...$60,939...+$3,891
RI $61,888...$58,298...+$3,590
ND $55,968...$51,374...+$4,594

AK $54,628...$50,784...+$3,844
SD $52,218.. $49,395...+$2,823
MT $50,067...$46,572...$3,495
WY $40,995...$37,098...+$3,897
VT $33,846...$32,251...+$1,595

US $19,162,550...$20,658,204...+$1,495,654

[jas75]

It is interesting to see where GDP rankings are not aligned with population rankings. Massachusetts' GDP is over 7% higher than Michigan's, despite Michigan having 10 million residents and Massachusetts a little under 7 million. Likewise Florida has a GDP a little over 60% of New York's, even though in the last few years Florida has surpassed New York in population. No real surprises in the data, but on the positive side every state has seen their GDP increase.

(I think the headers on the second table are reversed - Q3/2018 should be first and Q1/2017 second).

[18Montclair]

Originally Posted by jas75

It is interesting to see where GDP rankings are not aligned with population rankings. Massachusetts' GDP is over 7% higher than Michigan's, despite Michigan having 10 million residents and Massachusetts a little under 7 million. Likewise Florida has a GDP a little over 60% of New York's, even though in the last few years Florida has surpassed New York in population. No real surprises in the data, but on the positive side every state has seen their GDP increase.

(I think the headers on the second table are reversed - Q3/2018 should be first and Q1/2017 second).

Thanks for catching that

[eddie gein]

Originally Posted by 18Montclair

Thanks for catching that

Also, Indiana is listed twice and there is no Iowa on the first list.

[18Montclair]

Originally Posted by eddie gein

Also, Indiana is listed twice and there is no Iowa on the first list.

Thank You!

[kidphilly]

Originally Posted by 18Montclair

Q3 2018 GDP data was released last month by bea.gov, and here is the 12-month state gdp for that time period.

Lots to glean here are as far as growth.

RANK/STATE/Q3 2017-Q3 2018 GDP
1 CALIFORNIA $2,971,045,000,000 74.3K
2 TEXAS $1,782,861,000,000 61.5K
3 NEW YORK $1,694,952,000,000 84.8K
4 FLORIDA $1,042,886,000,000 49.7K
5 ILLINOIS $867,714,000,000 68.3K

6 PENNSYLVANIA $797,782,000,000 62.3K
7 OHIO $679,824,000,000 57.9K
8 NEW JERSEY $634,346,000,000 71.2K
9 GEORGIA $594,513,000,000 56.6K
10 MASSACHUSETTS $576,567,000,000 83.6K

per capita ^

[Bubb Rubb]

How much of this growth is inflationary, because the interest rate did change?

[EckyX]

Would be nice to see these turned into per capita and percent increases.

[Spade]

Florida joined the trillion dollar economy club. If Illinois continues to have that growth in its economy, I can see that state joining the club sometime in the next decade.

[Soonhun]

Figures for the 50 States. Just based on the US Census Bureau's last estimates for population, which isn't the same period.

Per Capita Rank/Per Capita Figure/State/GDP Rank/Population Rank
01) $86,732.88 New York [03] [04]
02) $83,634.42 Massachusetts [10] [15]
03) $78,270.54 Delaware [42] [45]
04) $77,306.72 Connecticut [23] [29]
05) $75,451.95 Washington [12] [13]

06) $75,107.86 California [01] [01]
07) $74,078.09 Alaska [46] [48]
08) $73,634.64 North Dakota [45] [47]
09) $71,206.67 New Jersey [08] [11]
10) $70,957.89 Wyoming [49] [50]

11) $69,272.47 Maryland [15] [19]
12) $68,103.65 Illinois [05] [06]
13) $65,321.39 Minnesota [19] [22]
14) $64,572.16 Nebraska [35] [37]
15) $64,815.35 Colorado [18] [21]

16) $64,731.84 Hawaii [38] [40]
17) $63,917.20 New Hampshire [39] [41]
18) $63,321.55 Virginia [13] [12]
$62,490.26 US per Capita
19) $62,292.36 Pennsylvania [06] [05]

20) $62,116.60 Texas [02] [02]
21) $60,603.05 Iowa [30] [31]
$59,437.96 US States Per Capita Mean
22) $59,188.31 South Dakota [47] [46]
23) $58,533.17 Rhode Island [44] [44]

24) $58,329.07 Wisconsin [21] [20]
25) $58,159.10 Ohio [07] [07]
$57,913.55 US States per Capita Median
26) $57,667.99 Oregon [25] [27]
27) $56,814.26 Kansas [33] [35]

28) $56,515.46 Georgia [09] [08]
29) $56,405.91 Utah [31] [30]
30) $56,127.55 Nevada [32] [32]
31) $55,781.35 Indiana [16] [17]
32) $54,873.06 North Carolina [11] [09]

33) $54,556.05 Tennessee [17] [16]
34) $54,073.52 Louisiana [24] [25]
35) $54,041.28 Vermont [50] [49]
36) $53,821.39 Michigan [14] [10]
37) $52,246.72 Missouri [22] [18]

38) $51,316.50 Oklahoma [29] [28]
39) $48,963.34 Florida [04] [03]
40) $48,782.39 Arizona [20] [14]
41) $48,438.29 Maine [43] [42]
42) $47,523.94 New Mexico [37] [36]

43) $47,340.19 Kentucky [28] [26]
44) $47,130.53 Montana [48] [43]
45) $45,790.36 South Carolina [26] [23]
46) $45,703.31 Alabama [27] [24]
47) $43,926.95 Idaho [41] [39]

48) $43,384.43 West Virginia [40] [38]
49) $42,765.26 Arkansas [34] [33]
50) $38,249.07 Mississippi [36] [34]

00) $202,129.67 District of Columbia [NA] [NA]