For example, Texas’s economy of $1.8 trillion is larger than the economy of global superpower Russia. List of U.S. states and territories by GDP (millions of 2016 dollars) Rank Rank (50 states) State or territory 2016 % of Nation Region — — United States: 18,511,499: 100.00: 1: 1 California: 2,622,731: 14.17: West: 2: 2 Texas: 1,599,283: 8.64: South: 3: 3 New York: 1,500,055: 8.10: Northeast: 4: 4 Florida: 926,049: 5.00: South: 5: 5 Illinois: 796,012: 4.30: Midwest: 6: 6 Pennsylvania: 719,834: 3.89 The state’s gross domestic product of $647 billion makes the Garden State the 8th economy with the highest US GDP per state. New Jersey’s growth from $636 billion in 2019 to the $647 billion in 2020 is even more impressive. The United States GDP was $20.50 trillion in 2018 with a growth rate of 2.9%. Coastal states like California, with its booming tech sector, and New York, with robust financial and real estate industries, performed well, with 2.6% and 2.2% growth, respectively. The U.S. GDP, the total value of the goods and services produced, grew by a 10-year annual average of 1.9% between 2008 and 2018. The largest source of debt is the state's unfunded pension and benefits system for public employees. The gross domestic product (GDP) of California was about 3.14 trillion U.S. dollars in 2019, meaning that it contributed the most out of any state to the country’s GDP in that year. GDP by state is the most comprehensive measure of economic activity in states—the counterpart to GDP in the national income and product accounts. Additional highlights for the fourth quarter of 2015 include the following: Real GDP growth slowed slightly for the nation and in most states. New Jersey's debt ratio is 441.7%. Although the United States is not the largest country on Earth (either by landmass or population), it is the world's biggest economy in terms of gross domestic product (GDP… Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2020, as real GDP for the nation increased at an annual rate of 33.4 percent. As with many other things, GDP varies greatly in each of the 50 states and the District of Columbia, with some states having GDPs that rival entire countries. List of Indian states and union territories by GDP Rank State/Union Territory Nominal GDP ₹ lakh crore = INR trillions; USD billions Data year [inconsistent] 1: Maharashtra ₹ 28.18 lakh crore (US$400 billion) 2019-20 2: Tamil Nadu ₹ 19.43 lakh crore (US$270 billion) 2020–21: 3: Uttar Pradesh ₹ 17.05 lakh crore (US$240 billion) 2020–21: 4: Karnataka The state's total liabilities total $222.27 billion, surpassing its assets by $198.67 billion. This layer contains annual Gross Domestic Product (GDP) by state in the USA from 1997-2016. Ohio (United States) 698,458 28 New Jersey (United States) 644,841 29 Georgia (United States) 616,333 30 Washington (United States) 599,607 31 Massachusetts (United States) 595,558 32 North Carolina (United States) 587,711 33 Poland (European Union) 565,854 34 Virginia (United States) 554,211 35 Michigan (United States) 541,550 36 Thailand (ASEAN) 529,177 The map shows 2016 GDP, by the all industry total, according to the NAICS system. The state represents about 3% of the US gross domestic product and has a GDP per capita of $63,492. The percent change in real GDP in the third quarter ranged from 52.2 percent in Nevada to 19.2 percent in the District of Columbia. Release: Gross Domestic Product by State, 20,520 economic data series, FRED: Download, graph, and track economic data. 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