2007 Gross Product, all 50 states (insurance, home, construction)

[18Montclair]

Released this week by the Bureau of Economic Analysis

2007 Gross Product
CA $1.812 Trillion
TX $1.140 Trillion
NY $1.103 Trillion
FL $734 Billion
IL $609 Billion
PA $531 Billion
OH $466 Billion
NJ $456 Billion
NC $399 Billion
GA $396 Billion
VA $382 Billion
MI $381 Billion
MA $351 Billion
WA $311 Billion
MD $268 Billion
MN $254 Billion
AR $247 Billion
IN $246 Billion
TN $243 Billion
CO $236 Billion
WI $232 Billion
MO $229 Billion
CT $216 Billion
LA $216 Billion
AL $165 Billion
OR $158 Billion
KY $154 Billion
SC $152 Billion
OK $139 Billion
IA $129 Billion
NV $127 Billion
KS $117 Billion
UT $105 Billion
AR $95 Billion
MS $88 Billion
NE $80 Billion
NM $76 Billion
HI $61 Billion
DE $60 Billion
NH $57 Billion
WV $57 Billion
ID $51 Billion
ME $48 Billion
RI $46 Billion
AK $44 Billion
MT $34 Billion
SD $33 Billion
WY $31 Billion
ND $27 Billion
VT $24 Billion

Regions
Northeast $3.226 Trillion
Midwest $2.808 Trillion
South $4.367 Trillion
West $3.301 Trillion

Total US GDP, 2007 $13.7 Trillion
Bureau of Economic Analysis

California, my home state, after about 5 years of solid growth ranking among the best performing states, expanded a dismal 1.5% in 2007, and limped passed the 1.8 trillion dollar mark. Maybe we can still salvage the rest of 2008.

[18Montclair]

Per Capita GDP

De $69,444
Ak $64,421
Ct $61,679
Wy $59,386
Ny $57,159
Ma $54,427
Nj $52,504
La $50,314
Ca $49,571
Va $49,533
Nv $49,512
Mn $48,874
Co $48,549
Wa $48,082
Md $47,703
Hi $47,544
Il $47,385
Tx $47,690
Ne $45,095
us $44,773
nc $44,034
Ri $43,519
Nh $43,346
Ia $43,172
Nd $42,253
Pa $42,172
Or $42,167
Ks $42,162
Ga $41,492
Sd $41,457
Wi $41,421
Oh $40,641
Fl $40,216
Ut $39,697
Tn $39,473
Az $38,971
Mo $38,958
In $38,770
Vt $38,647
Nm $38,598
Ok $38,429
Mi $37,831
Me $34,446
Ky $36,312
Al $35,660
Mt $35,527
Sc $34,490
Id $34,022
Ar $33,521
Wv $31,456
Ms $30,157

[Iconographer]

I heard that if CA were classified as a country and not a state, it would have the 8th largest economy in the world.

[CortlandGirl79]

I guess Ohio's economy isn't as crappy as some people think.

[WILWRadio]

Looks like CA still has the grossest domestic product of any state.

Nice to see that Ohio and PA are high on the list. I may wind up moving to one of these states in the near future.

[cpg35223]

What I would be interested in are trend lines.

For example, if you look at the snapshot of a yearly figure, you'd come away with one set of assumptions. However, if you look at overall trends over the past 20-30 years, you come away with a completely different impression.

[At1WithNature]

What would be interesting is if we could compile a list with these current states along with the biggest oil companies. I believe every quarter they record amazing profits such as $33 billion for the 1st quarter of 2008 for example. I would bet some Oil companies would fall in the top 10 (for example ExxonMobil).

[bigdave01]

Arkansas is listed twice.

[18Montclair]

Originally Posted by bigdave01

Arkansas is listed twice.

Sorry, the one with the larger amount is actually AZ

[PeterRabbit]

June 5, 2008
STATE ECONOMIC GROWTH SLOWED IN 2007
New estimates released today by the U.S. Bureau of Economic Analysis show that economic growth slowed in most states and regions of the U.S. in 2007. Real GDP growth slowed in 36 states, with declines in construction and finance and insurance restraining growth in many states.1 Nationally, real economic growth slowed from 3.1 percent in 2006 to 2.0 percent in 2007, one percentage point below the average growth of 3.0 percent for 2002-2006.
BEA News Release (GDP by State)