US States by GDP 2022

Intro.

US states by GDP is a very interesting topic nowadays. The reason is that the United States is the most developed and advanced country in the world.

The competition between the United States and China economy is a new challenge for the united states economy. Another challenge for the United States economy is that all states of the United States are not equally developed.

All states of the united states are different by the per capita income, Gross Domestic Product, and overall production of goods and services. In this article, we shortly see the GDP and economy of the States of the United States.

1- California

California economy is the biggest state economy in the USA. California’s Silicon Valley is the home of United States tech companies. Almost all big tech companies’ head offices are located in California’s Silicon Valley.

Approx. 10% of big companies are located in California. Hollywood is the biggest cinema and film production industry in the world and the United States.

Hollywood is also located in California. If we talk about California’s GDP. we see that California’s total GDP is $3.5 trillion in the year 2022.

The GDP growth of the State of California is 8% in the year 2022. If we talk about the GDP per capita of California, its GDP per capita is $85,000 in the year 2022. The total labor force of California is 18,900,000 in the year 2022. The unemployment rate in California is 4.5% in the year 2022.

2-Texas

Texas is the second largest state by the GDP. Texas’s total GDP is $2 trillion in the year 2022. Its GDP per capita is $67,500 in the year 2022. 16% of the population of Texas lives below the poverty line.

Texas’s population below the poverty line percentage is a big percentage by comparing to the other states of the United States. The total labor force of Texas is 14,125,000 in the year 2022. The unemployment rate in Texas is 4.5% in the year 2022.

3- New York

New York’s GDP is the third economy and GDP of the United States. New York’s total GDP is $1.9 trillion in the year 2022. The GDP per capita of new york is the top GDP per capita in the United States.

The GDP per capita of New York State is $93,000 in the year 2022. 14% of the population of New York state is live below the poverty line. The total labor force of New York State is 9,633,900 in the year 2022.

The unemployment rate in New York State is 4.5% in the year 2022. The Unemployment rate of New York state is low compared to the other regions of the United States.

4-Florida

Florida’s economy is the 4th largest economy in the United States. Florida’s economy is a big economy compared to the overall economy of Indonesia.

If we analyze the economy and GDP of Florida, we see that the GDP of Florida is ahead of the 24 countries in the world. Tourism, constriction, banking, and medical technology are the big economic sectors in Florida State.

The biggest employment giver sectors of Florida are trade, transportation, professionals, and business services. Education, health, hospitality, and finance are other major sectors of the Florida state.

If we talk about the Florida GDP, we see that the GDP of Florida is $1.2 trillion in the year 2022. The GDP per capita income of Florida is $56,000 in the year 2022. The unemployment rate of Florida is 3% in the year 2022. The unemployment rate of Florida is low compared to the other states of the USA.

5- Illinois

Illinois economy is the 5th largest economy in the United States. The total GDP of Illinois is $900 billion in the year 2022. Illinois’s GDP per capita is $75,000 in the year 2022.

The GDP per capita of Illinois is the high per capita income in the United States. 12% of the population of Illinois lives below the poverty line. The total labor force of Illinois is 6,500,000 in the year 2022. The unemployment rate in Illinois is 4.7% in the year 2022.

6- Pennsylvania

Pennsylvania’s economy is the 6th largest economy in United State. Its total GDP is $840 billion in the year 2022. The GDP growth rate is 4.5% in the year 2022.

7- Ohio

Ohio’s economy is the 7th largest economy in the united state. The total GDP of Ohio is $700 billion in the year 2022. 15% of the population of Ohio lives below the poverty line. The total labor force of Ohio is 5,880,000 in the year 2022. The unemployment rate in Ohio is 4.4% in the year 2022.

8- Georgia

Georgia’s economy is the 8th largest economy in the United States. The total GDP of Georgia is $580 billion in the year 2022.

9- New Jersey

New Jersey economy is the 9th largest economy in the United States. The total GDP of New Jersey is $550 billion in the year 2022. The GDP per capita income in New Jersey is $60,000. The biggest industries of New Jersey are the Pharma industry, Information technology, financial services, tourism, printing, and many others.

10- Washington

Washington economy is the 10th biggest economy in the united states. The total GDP of Washington is $666,570 million in the year 2022. The GDP per capita of Washington is $63,000 in the year 2022. The growth rate of Washington’s GDP is 6.7% in the year 2022.

Sources: Wikipedia, US official data, and others.

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