The U.S. $20 Trillion Economy by State

[Rotadom]

Visualized: The U.S. $20 Trillion Economy by State​

https://www.visualcapitalist.com/us-economy-by-state/


A sum of its parts, every U.S. state plays an integral role in the country’s overall economy.
Texas, for example, generates an economic output that is comparable to South Korea’s,
and even a small geographical area like Washington, D.C. outputs over $129 billion per year.
The visualization above uses 2022 annual data out of the U.S. Bureau of Economic Analysis
(BEA) to showcase each state or district’s real gross domestic product (GDP) in chained 2012
dollars, while also highlighting personal income per capita.

A Closer Look at the States​

California is by far the biggest state economy in the U.S. at $2.9 trillion
in real GDP—and when comparing its nominal value ($3.6 trillion) with
national GDPs worldwide, the Golden State’s GDP would rank 5th overall,
just below Germany and Japan.










Altogether, California, New York, and Texas account for almost one-third of the country’s economy,
combining for $6.3 trillion in real GDP in 2022. The only other state that reached the trillion dollar
mark is Florida with $1.1 trillion.


Texas’ economy is driven largely by industries like advanced manufacturing, biotech, life sciences,
aerospace, and defense. The state is also home to a number of large companies, like Tesla and
Texas Instruments, which make it a hub for jobs, innovation, and opportunity.


New York state is a leader in the insurance, agribusiness, clean energy, and cyber security industries,
among many others. Zooming into the New York City area reveals huge sources of economic output
from the tourism, media, and financial services sectors.

 

[Chernosoth]

Most of that is finding ways to spend the wealth that we actually produce, borrow, steal, extort from weaker nations, etc. Advertisers, insurance agents, interior decorators, golf course landscapers, internet influencers, etc. don't produce anything, but their income still counts as GDP. The nation's economy is mostly food, a little bit of manufacturing, and a metastasizing credit card bill.