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Old 12-13-2010, 10:02 AM
 
Location: Northridge, Los Angeles, CA
2,684 posts, read 7,353,630 times
Reputation: 2409

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From the 1970s onward, the United States economy has grown from $1 trillion dollars to a current $14 trillion nowadays. I thought it would be interesting to compare what states have benefited the most by the economic shifts that have taken since the 1970s.

All the numbers are from U.S. Bureau of Economic Analysis (BEA) - bea.gov Home Page

All values are in the hundreds of millions of dollars. *Note: All values are set at are adjusted to our current dollars.

States by GDP: 1970
US TOTAL: $1,012,299
New York: $112,349
California: $111,985
Illinois: $62,763
Pennsylvania: $56,670
Ohio: $53,714
Texas: $52,314
Michigan: $46,178
New Jersey: $38,492
Florida: $30,691
Massachusetts: $29,052
Indiana: $24,546
North Carolina: $22,840
Missouri: $22,230
Virginia: $21,048
Wisconsin: $20,193
Georgia: $19,365
Maryland: $18,720
Minnesota: $18,699
Washington: $18,112
Louisiana: $17,177
Connecticut: $16,347
Tennessee: $16,100
Kentucky: $13,943
Iowa: $12,957
Alabama: $12,475
Colorado: $10,431
Oklahoma: $10,369
Oregon: $9,798
Kansas: $9,755
South Carolina: $9,556
Arizona: $8,569
District of Columbia: $8,559
Mississippi: $7,253
West Virginia: $7,088
Nebraska: $6,907
Arkansas: $6,667
Hawaii: $4,813
Utah: $4,448
New Mexico: $4,431
Rhode Island: $4,311
Maine: $3,959
Nevada: $3,262
New Hampshire: $3,050
Delaware: $3,166
Idaho: $3,015
Montana: $2,919
South Dakota: $2,437
Alaska: $2,359
North Dakota: $2,294
Vermont: $1,980
Wyoming: $1,943

States by GDP: 1980
US TOTAL: $2,713,933
California: $327,958
New York: $235,746
Texas: $203,073
Illinois: $145,264
Pennsylvania: $127,181
Ohio: $121,228
Michigan: $104,134
Florida: $97,899
New Jersey: $88,334
Massachusetts: $69,684
Louisiana: $63,925
Indiana: $58,870
North Carolina: $58,791
Virginia: $58,669
Georgia: $56,229
Wisconsin: $52,899
Washington: $52,682
Missouri: $52,420
Minnesota: $50,219
Maryland: $47,522
Tennessee: $44,972
Connecticut: $40,770
Colorado: $38,332
Oklahoma: $37,608
Kentucky: $37,017
Alabama: $36,142
Iowa: $34,582
Arizona: $30,764
Oregon: $30,001
Kansas: $28,298
South Carolina: $27,607
Mississippi: $21,353
Arkansas: $20,276
District of Columbia: $19,862
West Virginia: $18,408
Nebraska: $18,294
New Mexico: $15,731
Alaska: $15,282
Utah: $15,311
Hawaii: $13,380
Nevada: $11,633
Wyoming: $10,428
Maine: $10,263
Idaho: $9,916
Rhode Island: $9,626
New Hampshire: $9,263
Montana: $8,925
Delaware: $7,898
North Dakota: $7,645
South Dakota: $6,760
Vermont: $4,856

States by GDP: 1990
US TOTAL: $5,651,747
California: $773,460
New York: $493,192
Texas: $378,943
Illinois: $279,019
Florida: $256,589
Pennsylvania: $245,281
Ohio: $227,413
New Jersey: $214,357
Michigan: $193,103
Massachusetts: $159,505
Virginia: $144,971
Georgia: $140,646
North Carolina: $139,658
Washington: $118,640
Maryland: $112,835
Indiana: $110,860
Missouri: $103,566
Minnesota: $102,757
Wisconsin: $100,236
Connecticut: $100,169
Louisiana: $95,177
Tennessee: $94,087
Colorado: $75,571
Alabama: $71,610
Arizona: $70,632
Kentucky: $68,412
South Carolina: $65,157
Oklahoma: $57,805
Oregon: $56,566
Iowa: $56,121
Kansas: $51,874
District of Columbia: $39,688
Arkansas: $38,680
Mississippi: $38,757
Nebraska: $33,734
Hawaii: $32,534
Utah: $31,249
Nevada: $30,980
West Virginia: $27,754
New Mexico: $26,600
Alaska: $25,040
New Hampshire: $23,768
Maine: $23,256
Rhode Island: $21,664
Delaware: $19,928
Idaho: $18,004
Montana: $13,242
South Dakota: $12,770
Wyoming: $12,705
Vermont: $11,674
North Dakota: $11,509

States by GDP: 2000 (in hundreds of millions)
US TOTAL: $9,884,171
California: $1,317,343
New York: $770,621
Texas: $732,987
Florida: $481,115
Illinois: $474,444
Pennsylvania: $395,811
Ohio: $381,175
New Jersey: $349,334
Michigan: $336,786
Georgia: $294,479
North Carolina: $281,418
Massachusetts: $272,680
Virginia: $261,894
Washington: $227,828
Indiana: $198,020
Minnesota: $188,449
Maryland: $182,953
Missouri: $180,982
Wisconsin: $177,638
Tennessee: $177,582
Colorado: $171,930
Connecticut: $163,943
Arizona: $161,901
Louisiana: $131,430
Alabama: $116,014
South Carolina: $115,392
Kentucky: $113,108
Oregon: $112,974
Iowa: $93,287
Oklahoma: $91,292
Kansas: $85,742
Nevada: $75,907
Utah: $69,483
Arkansas: $68,146
Mississippi: $65,615
District of Columbia: $58,269
Nebraska: $57,233
New Mexico: $50,262
New Hampshire: $44,067
West Virginia: $41,419
Hawaii: $41,372
Delaware: $40,957
Maine: $36,395
Idaho: $36,091
Rhode Island: $33,522
Alaska: $25,913
South Dakota: $24,009
Montana: $21,629
North Dakota: $18,250
Vermont: $18,033
Wyoming: $17,047

Current Dollar Gross State Product 2009
US TOTAL: $14.151 Trillion
California $1.891 Trillion
Texas $1.144 Trillion
New York $1.093 Trillion
Florida $737.0 Billion
Illinois $630.3 Billion
Pennsylvania $554.7 Billion
New Jersey $482.9 Billion
Ohio $471.2 Billion
Virginia $408.4 Billion
North Carolina $398.0 Billion
Georgia $395.1 Billion
Michigan $368.4 Billion
Massacusetts $365.1 Billion
Washington $338.3 Billion
Maryland $286.7 Billion
Indiana $262.6 Billion
Minnesota $260.6 Billion
Arizona $256.3 Billion
Colorado $252.6 Billion
Tennessee $244.5 Billion
Wisconsin $244.3 Billion
Missouri $239.7 Billion
Connecticut $227.4 Billion
Louisiana $208.3 Billion
Alabama $169.8 Billion
Oregon $165.6 Billion
South Carolina $159.6 Billion
Kentucky $156.5 Billion
Oklahoma $153.7 Billion
Iowa $142.2 Billion
Nevada $126.5 Billion
Kansas $124.9 Billion
Utah $112.9 Billion
Arkansas $101.8 Billion
District of Columbia $99.1 Billion
Mississippi $95.9 Billion
Nebraska $86.4 Billion
New Mexico $74.8 Billion
Hawaii $66.4 Billion
West Virginia $63.3 Billion
Delaware $60.5 Billion
New Hampshire $59.4 Billion
Idaho $54.0 Billion
Maine $51.2 Billion
Rhode Island $47.8 Billion
Alaska $45.7 Billion
South Dakota $38.3 Billion
Wyoming $37.5 Billion
Montana $35.9 Billion
North Dakota $38.3 Billion
Vermont $25.4 Billion

Share of US economy by 2009 top 8 states [CA, TX, NY, FL, IL, PA, NJ, OH]; 1963-1997
[IMG][/IMG]
[u]Share of US economy by 2009s top 8 states [CA, TX, NY, FL, IL, PA, NJ, OH]; 1997-2009


Regions by state (according to BEA: If you have a problem with it, email them):
New England: ME, NH, VT, MA, RI, CT
Mideast: DC, MD, DE, PA, NJ, NY
Great Lakes: WI, MI, IL, IN, OH
Southeast: LA, AR, MS, AL, FL, GA, SC, NV, VA, WV, KY, TN
Plains: ND, SD, NE, KS, MO, IA, MN
Southwest: OK, TX, NM, AZ
Rocky Mountain: MT, ID, WY, UT, CO
Far West: NV, CA, OR, WA, HI, AK

Share of US economy: By region (1963-1997)

Share of US economy: By region (1997-2009)
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Old 12-13-2010, 02:39 PM
 
Location: Northridge, Los Angeles, CA
2,684 posts, read 7,353,630 times
Reputation: 2409
Here's more things to consider when reading the numbers and graphs:

Discrepancy between population size and state GDP
1964: California surpasses New York State in population to become #1
1971: California surpasses New York State in GDP to become #1
-7 year time gap between the two-

1994: Texas surpasses New York State in population to become #2
2004: Texas surpasses New York State in GDP to become #2
-10 year time gap between the two-

1987 (estimate): Florida surpasses BOTH Illinois and Pennsylvania in population to become #4
1987: Florida surpasses Pennsylvania in GDP to become #5 (no time gap)
2000: Florida surpasses Illinois in GDP to become #5
-13 year time gap between the two-

I would do the regions, but I only have time to estimate right now. However, in terms of 2009 population (source: Population Estimates (http://www.census.gov/popest/states/NST-ann-est.html - broken link)) :

Southeast: 77,664,270
Far West: 49,445,167
Mideast: 48,038,216
Great Lakes: 46,500,668
Southwest: 37,074,081
Great Plains: 20,336,243
New England: 14,429,720
Rocky Mountain: 10,874,380

Southeast surpassed Great Lakes in 1978 (surpassed its population before 1960)
Southeast surpassed Mideast in 1980 (but surpassed its population even BEFORE 1960)

SOURCE: http://www2.census.gov/prod2/statcom...ts/1961-02.pdf

Far West surpassed Great Lakes in 1981 in GDP (but only surpassed its population around 2004-2005)
Far West surpassed Mideast in 2003 in GDP (but only surpassed its population in 2003-2004)

Southwest surpassed the Great Plains in 1968 in GDP
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Old 12-13-2010, 03:31 PM
 
Location: Tower of Heaven
4,023 posts, read 7,342,082 times
Reputation: 1450
I like to talk about it Look at that :

Texas GDP Growth 1970-2009 : +2100%
California GDP Growth 1970-2009 : + 1690%
New York GDP Growth 1970-2009 : + 875%
Florida GDP Growth 1970-2009 : + 2277%
Michigan GDP Growth 1970-2009 : + 700%
Arizona GDP Growth 1970-2009 : + 3100%
Nevada GDP Growth 1970-2009 : + 4100%

Georgia GDP Growth 1970-2009 : + 1970%
Wyoming GDP Growth 1970-2009 : + 1847%
Illinois GDP Growth 1970-2009 : + 900%
Alaska GDP Growth 1970-2009 : + 1886%
DC GDP Growth 1970-2009 : + 1052%
Virginia GDP Growth 1970-2009 : + 1842%
Oregon GDP Growth 1970-2009 : + 1593%
North Carolina GDP Growth 1970-2009 : + 1645%
Colorado GDP Growth 1970-2009 : + 2452%
Massachussets GDP Growth 1970-2009 : + 1158%
New Jersey GDP Growth 1970-2009 : + 1168%

Last edited by Wonderful Jellal; 12-13-2010 at 04:40 PM..
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Old 12-13-2010, 04:04 PM
 
11,289 posts, read 26,063,401 times
Reputation: 11353
Impressed to see my home state of Iowa had over 1,100% growth with almost no change in population.


Where are the % change's being calculated above? For Illinois, wouldn't going from $62.7 to $630.3 be more than 1,000%, and not 900%? Just randomly noticed since 62.7 x 10 is less than the 2009 number.
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Old 12-13-2010, 04:13 PM
 
Location: Tower of Heaven
4,023 posts, read 7,342,082 times
Reputation: 1450
Quote:
Originally Posted by Chicago60614 View Post
Impressed to see my home state of Iowa had over 1,100% growth with almost no change in population.


Where are the % change's being calculated above? For Illinois, wouldn't going from $62.7 to $630.3 be more than 1,000%, and not 900%? Just randomly noticed since 62.7 x 10 is less than the 2009 number.
Nop, it's about 900%, you don't calculate percentages like that.
GDP x2 = 100%
GDP x3 = 200%
...etc...
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Old 12-13-2010, 04:27 PM
 
Location: Underneath the Pecan Tree
15,982 posts, read 35,051,281 times
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I think Texas is going to continue widening the gap between it and NY.
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Old 12-13-2010, 04:39 PM
 
Location: Northridge, Los Angeles, CA
2,684 posts, read 7,353,630 times
Reputation: 2409
Quote:
Originally Posted by RenaudFR View Post
Nop, it's about 900%, you don't calculate percentages like that.
GDP x2 = 100%
GDP x3 = 200%
...etc...
No, its a little more than 1000%.

Illinois 1970: $62,763
Illinois 2009: $630,300
PERCENTAGE INCREASE: 1004% (or if you divided 630,300/62,763=10.042, or 1004%)

Show your work and give an explanation of what you were doing. I'll do the rest of the states later.

Quote:
Originally Posted by jluke65780 View Post
I think Texas is going to continue widening the gap between it and NY.
Most likely it will. But as of last year, Texas lost a larger % of its GDP than New York, which is why their positions seem closer than perceptions in real life seems. I think in the next few years, Texas will really start pulling away and start gunning toward #1.

Seems that California has been floating around 13% of the US GDP for the past 20 years or so. Maybe this decade, something will change (most people will probably say for the worse, but you never know!)
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