Annual GDP growth New Jersey U.S. 2022

In 2022, the real gross domestic product of New Jersey increased by 2.8 percent compared to the previous year. The state's real GDP experienced the most growth in 2021, when the GDP grew by 5.5 percent when compared to the previous year. The shrinkage of the state's GDP in 2020 can be attributed to the COVID-19 pandemic.

Annual percent change in the real gross domestic product of New Jersey in the United States from 2000 to 2022

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Release date

October 2023

More information

Region

United States

Survey time period

2000 to 2022

Supplementary notes

The real estimates of gross domestic product (GDP) by state from 2000 to 2017 are measured in chained (2012) dollars. Estimates from 2018 onward are measured in chained (2017) dollars. Real GDP by state is an inflation-adjusted measure of each state's gross product that is based on national prices for the goods and services produced within the state.

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