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GDP is a measure of both the economic production and income. The Economist reported in August 2014 that real (inflation-adjusted) GDP growth averaged about 1.8 percentage points faster under Democrats, from Truman through Obama's first term, which ended in January 2013. [2]
The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [3] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
The U.S. economy is heavily dependent on road transport for moving people and goods. Personal transportation is dominated by automobiles, which operate on a network of four million miles (6.4 million km) of public roads, [ 339] including one of the world's longest highway systems at 57,000 miles (91,700 km). [ 340]
The Bureau of Economic Analysis's advance estimate of second quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.4% during the period, faster than consensus ...
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first ...
Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 4.5% during the period. The reading came in higher than second quarter GDP, which was revised down to 2.1%.
Between 2008 and 2009, the net worth of US households had recovered from a low of 3.55 times GDP to 3.75 times GDP, while nonfinancial business fell from 1.37 times GDP to 1.22 times GDP. [ 5 ] The net worth of American households and non-profits constitutes three-quarters of total United States net worth – in 2008, 355% of GDP.
Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2% during the period. The reading came in lower than third quarter GDP, which was revised down to 4.9%. For ...