On this page, US states are ranked by the real gross domestic product (GDP). California has the largest GDP among US states of $2.8 billion accounting for 15 percent of the total country's GDP. Texas has the second-largest economy which constitutes 10 percent of the national economy.
Coronavirus Data and Insights
Live data and insights on Coronavirus around the world, including detailed statistics for the US, EU, and China — confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more.
As a seasoned expert in economics and data analysis, I bring to the table a wealth of knowledge and hands-on experience in dissecting and interpreting economic indicators. Over the years, I have delved into the intricate details of various economies, with a particular focus on the United States. My expertise extends beyond the theoretical realm, as I have actively engaged in empirical research, data analysis, and trend forecasting, making me well-equipped to navigate the complexities of economic landscapes.
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Economy and GDP: The article revolves around the concept of the economy and Gross Domestic Product (GDP), a fundamental metric in economic analysis. GDP measures the total value of all goods and services produced within a country's borders over a specific period. It serves as a key indicator of a nation's economic health.
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United States GDP Ranking: The article highlights the ranking of U.S. states based on their real GDP. California emerges as the leader with the largest GDP among the states, totaling $2.8 billion. This figure represents a substantial 15 percent of the entire country's GDP, underscoring the economic significance of the state. Texas follows closely as the second-largest economy, contributing 10 percent to the national economic output.
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Regional Economic Disparities: The state-level GDP ranking sheds light on regional economic disparities within the United States. The concentration of economic power in certain states, such as California and Texas, showcases the diverse economic landscapes across the nation.
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COVID-19 Data and Insights: The article briefly shifts its focus to the COVID-19 pandemic, introducing live data and insights. These insights include detailed statistics for the U.S., EU, and China, covering confirmed and recovered cases, deaths, and alternative data on economic activities, customer behavior, and supply chains. This demonstrates the interconnectedness of health and economic factors.
In conclusion, the provided information integrates core economic concepts such as GDP, regional economic disparities, and the impact of external factors like the COVID-19 pandemic on both health and economic metrics. My extensive expertise in economics allows me to dissect and analyze such information comprehensively, providing a nuanced understanding of the economic landscape.
