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Gross Domestic Product (GDP) in America, 2005-2006 (Updated) December 27, 2007

Posted by Daniel Downs in economics, news, political economy, politics.
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Gross domestic product is the market value of goods and services produced by labor and property in the United States. It is a measure of the aggregate productivity, economic growth, and general prosperity of the American people. Per capita GDP is the total real GDP divided by the total population of each state and the nation.

According to the Bureau of Economic Analysis, national current-dollar GDP increased 4.9 percent, or $162.0 billion, in the first quarter of 2007 to a level of $13,620.2 billion. Real GDP increase 0.7 percent to $11,532.8 billion. The second quarter saw an increase of 6.6 percent, or $216.9 billion, to a level of $13,768.8 billion in current dollars. Real dollar GDP rose 3.8 percent to $11,520.1 billion. GDP grew 5.9 percent, or $201.7 billion, in the third quarter to $13,970.5 billion, and real GDP increased 4.9 percent.

The map below shows the percent of increase from 2005-2006 of the GDP. States are compared by percent of GDP growth and are ranked by quintile.

gpd.jpg

The following chart outlines gross domestic product by state. GDP is given in real dollars (2000) and in per capita real dollars for years 2005-2006

  2005 2006
State Real GDP 2000 dollars (millions) Per Capita Real GDP Real GDP 2000 dollars (millions) Per Capita Real GDP 2000 dollars
United States 0 0 11,291,375 37,714
Alabama 132,477 29,127 136,576 29,697
Alaska 29,112 43,893 29,314 43,748
Arizona 193,145 32,445 206,208 33,441
Arkansas 76,429 27,535 78,353 27,875
California 1,457,090 40,302 1,518,917 41,663
Colorado 189,470 40,630 198,683 41,798
Connecticut 171,934 49,114 176,406 50,332
Delaware 49,001 58,214 50,601 59,288
District of Columbia 69,470 119,354 72,321 124,363
Florida 585,113 32,930 609,958 33,718
Georgia 320,364 35,079 331,129 35,362
Hawaii 46,918 36,848 48,955 38,083
Idaho 42,196 29,521 45,308 30,896
Illinois 492,341 38,568 507,037 39,514
Indiana 210,869 33,653 215,025 34,058
Iowa 103,648 34,951 106,346 35,662
Kansas 91,508 33,298 94,647 34,242
Kentucky 122,763 29,421 125,517 29,842
Louisiana 138,815 30,798 141,167 32,923
Maine 39,312 29,822 40,050 30,305
Maryland 213,775 38,245 219,919 39,161
Massachusetts 292,225 45,423 300,753 46,721
Michigan 339,507 33,612 337,885 33,468
Minnesota 207,436 40,462 213,377 41,295
Mississippi 68,345 23,498 70,032 24,062
Missouri 190,502 32,858 194,543 33,297
Montana 25,228 26,989 26,395 27,942
Nebraska 63,028 35,849 64,440 36,441
Nevada 95,418 39,555 99,356 39,813
New Hampshire 48,906 37,424 49,527 37,666
New Jersey 380,499 43,720 391,599 44,885
New Mexico 58,860 30,561 62,520 31,986
New York 870,010 45,042 899,993 46,617
North Carolina 310,152 35,763 323,163 36,489
North Dakota 21,252 33,488 21,903 34,446
Ohio 392,872 34,250 397,243 34,609
Oklahoma 99,084 27,963 105,748 29,545
Oregon 132,659 36,456 139,271 37,633
Pennsylvania 426,032 34,343 433,280 34,828
Rhode Island 38,065 35,456 38,746 36,292
South Carolina 123,738 29,136 128,090 29,642
South Dakota 27,023 34,873 28,026 35,842
Tennessee 201,141 33,773 207,257 34,321
Texas 831,785 36,277 867,918 36,920
Utah 76,959 30,903 82,512 32,357
Vermont 20,930 33,629 21,507 34,472
Virginia 308,830 40,827 318,727 41,702
Washington 239,980 38,141 253,374 39,616
West Virginia 44,739 24,662 45,003 24,748
Wisconsin 193,162 34,945 196,642 35,390
Wyoming 19,713 38,744 20,152 39,130
Source: Bureau of Economic Analysis, U.S. Department of Commerce.

Note: This post will be updated in the future to include 2007.

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