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Started By
Message
re: GDP of each US state
Posted on 2/23/25 at 7:43 am to IAmNERD
Posted on 2/23/25 at 7:43 am to IAmNERD
quote:
1. California: $4.132 trillion
2. Texas: $2.695 trillion
3. New York: $2.284 trillion
4. Florida: $1.695 trillion
5. Illinois: $1.132 trillion
6. Pennsylvania: $1.017 trillion
7. Ohio: $922.8 billion
8. Georgia: $877.7 billion
9. Washington: $850.5
The certainly is a correlation between GDP and gross population. Here are the most populous states in the US:
1. California
2.Texas
3. Florida
4. New York
5. Pennsylvania
6.Illinois
7. Ohio
8. Georgia
9. N. Carolina
10. Michigan
0
Posted on 2/23/25 at 7:43 am to Street Hawk
California by far puts more money into the American economy. shocker
Posted on 2/23/25 at 7:49 am to Street Hawk
quote:
6. Pennsylvania 1.017 trillion
This one surprised me. Home state and all but never thought it'd be that high.
quote:
8. Georgia: $877.7 billion
11. North Carolina: $832.7 billion
No surprise here. They are the economic engines of the South.
Tennessee at 553B. That will rise substantially over the next decade.
Posted on 2/23/25 at 7:57 am to Odysseus32
quote:
37 is not bad.
There's an obvious disconnect when we are consistently the poorest or second poorest state in the nation.
I wonder what could possibly be going on
When a sizable portion of your product is extracted natural resources versus human ingenuity.
Posted on 2/23/25 at 7:58 am to SteelerBravesDawg
quote:Florida not in the South? Or even east Texas?
quote:
8. Georgia: $877.7 billion
11. North Carolina: $832.7 billion
No surprise here. They are the economic engines of the South.
This post was edited on 2/23/25 at 8:09 am
Posted on 2/23/25 at 8:10 am to funnystuff
quote:
But maybe Boeing and Microsoft have a bunch of manufacturing plants there?
That’s what you would need from these companies to tick up the state’s GDP, actual production of goods and services inside the state’s physical borders. Not just the location of their headquarters.
The corporate headquarters have a lot of high salary employees who spend most of that money within the state. So it still provides a boost by increasing demand.
Posted on 2/23/25 at 9:07 am to Ace Midnight
You forgot Nvidia
Posted on 2/23/25 at 9:19 am to funnystuff
quote:
So if this calculation was done correctly, having Starbucks in Washington, for example, won’t add the entire corporate revenue stream for Starbucks into Washington’s GDP.
I know they operate in several areas, but wouldn't some of their large-scale coffee operations (wholesale) get credited to Washington? Like their roasting, packing, the cups and so forth, particularly that stuff that goes to franchise operators?
Plus things like the franchise agreements, I bet that gets credited to Washington, too.
I mean, I was responding to someone who was surprised they were that high on the list - it isn't shocking when you see how much modern industry is there - just Microsoft and Amazon are the 3rd and 4th largest companies on Earth by market capitalization.
Posted on 2/23/25 at 9:26 am to Marshhen
I’m surprised by how New Jersey isn’t in the top 5 for GDP per capita. It’s basically a space for NYers to park their wealth
Posted on 2/23/25 at 9:28 am to Street Hawk
State GDP really isn’t that great of an economic performance indicator compared to GDP per capita
Posted on 2/23/25 at 9:32 am to SteelerBravesDawg
quote:
This one surprised me. Home state and all but never thought it'd be that high.
Philly alone accounts for around 70% of PA’s total GDP
Posted on 2/23/25 at 9:36 am to Laugh More
There was one viral thread on Twitter maybe a year ago that showed the UK would have been 49th in the US.
Posted on 2/23/25 at 9:45 am to The Torch
quote:
#1 and #3 are broke while #2 strives.
35% of Texas state GDP comes from oil and natural gas. If it weren’t for oil, Texas would be just another poor shite hole like MS and LA.
NY and CA have extremely diversified economies and would run laps around Texas any day of the week if the oil industry tanked.
This post was edited on 2/23/25 at 10:42 am
Posted on 2/23/25 at 9:54 am to Odysseus32
quote:Louisiana punches above its weight because of exports coming through the ports.
There's an obvious disconnect when we are consistently the poorest or second poorest state in the nation
Posted on 2/23/25 at 10:04 am to BuckeyeWarrior
quote:
35% of Texas state GDP comes from oil and natural gas. If it weren’t for oil, Texas would be just another poor shite hole like MS and LA.
If it weren’t for oil we’d all be living in the Stone Age still, dipshit
Posted on 2/23/25 at 10:07 am to BuckeyeWarrior
quote:
quote:
#1 and #3 are broke while #2 strives.
35% of Texas state GDP comes from oil and natural gas. If it weren’t for oil, Texas would be just another poor shite hole like MS and LA.
NY and CA have extremely diversified economies and would run laps around Texas any day of the week if the oil industry ranked.
Ah, yeah, permit me to shed light upon your ignorance.
Did you know that net foreign trade is included in GDP? And did you know that LA, New York, and Long Beach are by FAR the three largest ports of entry in the US, with Seattle and Savannah the only other US ports even in the global top 50?
So first of all, CA and NY GDP get huge boosts just as pass-throughs to the rest of the US. All of your Amazon rubber dog poo comes in through those ports, all the export goods created in other states goes out through them. That is parasitic, not truly value added, in sharp contrast to O&G, which extracts a raw substance from the ground an then keeps your lights on and your car running, all the while employing 10x or even 100x the number of people those ports do.
Second, consider the wealth concentrations in those states. The NYC financial enterprises are another huge chunk of NY State's GDP. There has never been a greater wealth concentration in the history of the world than there has been in NYC since the days of JP Morgan. While it benefits the nation most of the time, things like the wealth inherent in the stock market are created elsewhere, and then "retailed" in NYC.
Ditto CA, Look at the wealth concentrations in parts of LA and SF, and compare it to how the rest of the state lives. It has been said that "California is run for the benefit of the very wealthy and the very poor, everyone else just struggles".
Really, the same goes for all of the top 6 states by GDP per capita. Consider the wealth concentration in each of those states. Meanwhile here in Texas, there are a hundred ways for a regular baw to get rich if he works at it.
This post was edited on 2/23/25 at 10:09 am
Posted on 2/23/25 at 10:11 am to Street Hawk
Kansas being behind Iowa and so far behind Missouri kindve surprises me. I figured with Garmin, Wichitas aerospace scene, and Koch we’d be a bit higher.
Posted on 2/23/25 at 10:26 am to Street Hawk
What is Virginia s economy going to be after its been DOGEd?
Posted on 2/23/25 at 10:55 am to wutangfinancial
quote:
If it weren’t for oil we’d all be living in the Stone Age still, dipshit
Pretty hyperbolic for a commercial product that has been around for less than 175 years. That isn't to suggest it isn't massively important to modern society.
Posted on 2/23/25 at 10:55 am to BuckeyeWarrior
quote:
If it weren’t for oil, Texas would be just another poor shite hole like MS and LA.
IF
If my aunt had nuts she’d be my uncle too
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