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Largest state economies, 1997 to 2025

California's economy reached $4.3 trillion in 2025, ahead of Texas ($2.9 trillion) and New York ($2.5 trillion), in current dollars.

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What the data shows

  • In 2025, California ranks #1 with $4,297B, ahead of Texas ($2,932B) and New York ($2,466B).
  • California holds #1 for the whole period, 1997 to 2025.
  • Biggest climber: Georgia, from #10 in 1997 to #8 in 2025.
  • California grew 4× between 1997 and 2025.

About this chart

California has led every year of this series, growing from $1,068 billion in 1997 to $4,297 billion in 2025, about four times as large. Texas rose even faster, from $611 billion to $2,932 billion, and moved past New York in 2006 to take second place. New York is third at $2,466 billion, and Florida fourth at $1,806 billion. In 1997 Illinois held fourth.

The 2025 top ten also includes Illinois ($1,241 billion), Pennsylvania ($1,056 billion), Ohio ($977 billion), Georgia ($936 billion), North Carolina ($896 billion) and Washington ($892 billion). The data are BEA gross domestic product by state in current dollars, so they are not adjusted for inflation. Several large states, including California and Texas, dipped in 2009.

The data

Source: U.S. Bureau of Economic Analysis, GDP by state (SAGDP2, all industry total), current US$ billions. Retrieved November 4, 2026.

Largest state economies, GDP, current US$ billions, 1997 to 2025, 1997–2025
DateCaliforniaTexasNew YorkFloridaIllinoisPennsylvaniaOhioGeorgiaNorth CarolinaWashingtonNew JerseyVirginiaMichigan
1997$1,068B$611B$716B$402B$416B$358B$344B$242B$235B$194B$307B$215B$300B
1998$1,144B$648B$745B$429B$437B$374B$361B$265B$247B$209B$318B$233B$311B
1999$1,240B$683B$794B$458B$460B$391B$376B$289B$265B$230B$335B$250B$337B
2000$1,355B$742B$840B$490B$486B$409B$391B$305B$278B$238B$361B$269B$352B
2001$1,373B$780B$876B$519B$500B$428B$396B$317B$287B$238B$373B$286B$349B
2002$1,419B$796B$885B$553B$511B$441B$411B$326B$298B$246B$385B$295B$363B
2003$1,499B$841B$909B$590B$529B$460B$426B$340B$310B$255B$400B$311B$376B
2004$1,585B$921B$959B$647B$560B$486B$448B$365B$329B$267B$415B$332B$389B
2005$1,699B$1,004B$1,010B$705B$589B$511B$470B$389B$355B$293B$436B$357B$403B
2006$1,812B$1,108B$1,072B$750B$624B$529B$483B$406B$388B$314B$458B$376B$403B
2007$1,900B$1,199B$1,116B$782B$649B$563B$498B$419B$402B$342B$475B$392B$411B
2008$1,946B$1,253B$1,108B$767B$650B$587B$501B$416B$421B$352B$493B$402B$392B
2009$1,880B$1,179B$1,155B$739B$646B$581B$484B$410B$413B$350B$481B$410B$372B
2010$1,939B$1,256B$1,218B$753B$664B$605B$500B$419B$422B$364B$491B$425B$393B
2011$2,014B$1,352B$1,246B$761B$692B$624B$525B$433B$430B$378B$494B$434B$408B
2012$2,109B$1,430B$1,324B$785B$725B$646B$543B$449B$444B$398B$516B$445B$426B
2013$2,223B$1,527B$1,365B$820B$743B$671B$566B$468B$461B$417B$534B$457B$441B
2014$2,342B$1,592B$1,435B$860B$772B$696B$597B$493B$482B$440B$544B$466B$456B
2015$2,487B$1,586B$1,498B$918B$803B$717B$615B$526B$509B$468B$566B$486B$479B
2016$2,586B$1,583B$1,557B$965B$814B$733B$627B$555B$528B$490B$579B$499B$495B
2017$2,741B$1,667B$1,625B$1,015B$833B$754B$652B$584B$547B$527B$590B$515B$505B
2018$2,900B$1,808B$1,711B$1,072B$871B$781B$673B$613B$568B$570B$619B$537B$525B
2019$3,069B$1,865B$1,787B$1,134B$896B$802B$703B$647B$592B$609B$643B$562B$540B
2020$3,076B$1,814B$1,774B$1,143B$867B$780B$696B$638B$601B$617B$633B$566B$530B
2021$3,435B$2,131B$1,915B$1,299B$960B$846B$764B$709B$659B$683B$695B$616B$572B
2022$3,624B$2,494B$2,040B$1,472B$1,048B$915B$834B$790B$732B$739B$760B$667B$624B
2023$3,820B$2,679B$2,161B$1,610B$1,118B$965B$886B$841B$801B$796B$798B$727B$676B
2024$4,054B$2,806B$2,328B$1,706B$1,176B$1,009B$928B$885B$855B$846B$847B$769B$702B
2025$4,297B$2,932B$2,466B$1,806B$1,241B$1,056B$977B$936B$896B$892B$888B$808B$734B

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Frequently asked questions

Which state has the largest economy?

In 2025, California ranks #1 with $4,297B, followed by Texas ($2,932B) and New York ($2,466B). Source: U.S. Bureau of Economic Analysis, GDP by state (SAGDP2, all industry total), current US$ billions.

Which state has the highest GDP?

California, with a GDP of about $4.3 trillion ($4,297 billion) in 2025 according to the Bureau of Economic Analysis. Texas is second at $2,932 billion and New York third at $2,466 billion.

When did Texas pass New York in GDP?

Texas moved ahead of New York in 2006, when it reported $1,108 billion against New York's $1,072 billion. It has stayed ahead every year since.

Are these GDP figures adjusted for inflation?

No. They are current-dollar figures, so part of the growth since 1997 reflects rising prices. Comparing states with each other in the same year is not affected by that.

Where does this data come from?

U.S. Bureau of Economic Analysis, GDP by state (SAGDP2, all industry total), current US$ billions. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

Can I turn this chart into a video?

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