The gross domestic product (GDP) of California was about 2.96 trillion U.S. dollars in 2018, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 33.73 billion U.S. dollars.
What is GDP?
Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas.
GDP of the United States
The United States has the largest gross domestic product in the world as of 2017, with China, Japan, Germany, and the United Kingdom rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 20.5 trillion U.S. dollars in 2018.
What is GDP?
Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas.
GDP of the United States
The United States has the largest gross domestic product in the world as of 2017, with China, Japan, Germany, and the United Kingdom rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 20.5 trillion U.S. dollars in 2018.
