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New York GDP by year, compared with countries

New York's GDP reached $2.47 trillion in 2025, ahead of Canada ($2.32T) but just behind Italy ($2.55T) and Russia ($2.56T), in nominal dollars.

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What the data shows

  • New York: $0.72T in 1997, $2.47T in 2025 (3.4× higher).
  • Italy: $1.24T in 1997, $2.55T in 2025 (2.1× higher). Its low point was $1.15T in 2000.
  • Russia: $0.40T in 1997, $2.56T in 2025 (6.4× higher). Its low point was $0.20T in 1999.
  • Canada: $0.65T in 1997, $2.32T in 2025 (3.6× higher). Its low point was $0.63T in 1998.

About this chart

New York's economy grew from $0.72 trillion in 1997 to $2.47 trillion in 2025, but the two countries just ahead of it have not stood still. Italy is at $2.55 trillion and Russia at $2.56 trillion, so New York trails each by less than $0.10 trillion. Canada, at $2.32 trillion, is behind New York in both 2024 and 2025, after leading it in most years from 2004 through 2023.

Russia shows how far dollar GDP can swing: it was at $0.20 trillion in 1999, above $2 trillion from 2011 to 2014, and down to $1.36 trillion in 2015. These are nominal comparisons of BEA state GDP and World Bank country GDP in current dollars, not adjusted for inflation or purchasing power.

The data

Source: U.S. Bureau of Economic Analysis GDP by state (SAGDP2) for the state; World Bank (NY.GDP.MKTP.CD) for countries; current US$. Retrieved November 4, 2026.

New York's economy vs countries, GDP, current US$ trillions, 1997–2025
DateNew York🇮🇹 Italy🇷🇺 Russia🇨🇦 Canada
1997$0.72T$1.24T$0.40T$0.65T
1998$0.74T$1.27T$0.27T$0.63T
1999$0.79T$1.26T$0.20T$0.68T
2000$0.84T$1.15T$0.26T$0.74T
2001$0.88T$1.17T$0.31T$0.74T
2002$0.89T$1.28T$0.35T$0.76T
2003$0.91T$1.58T$0.43T$0.90T
2004$0.96T$1.81T$0.59T$1.03T
2005$1.01T$1.86T$0.76T$1.17T
2006$1.07T$1.96T$0.99T$1.32T
2007$1.12T$2.22T$1.30T$1.47T
2008$1.11T$2.42T$1.66T$1.55T
2009$1.16T$2.21T$1.22T$1.37T
2010$1.22T$2.14T$1.52T$1.62T
2011$1.25T$2.31T$2.05T$1.79T
2012$1.32T$2.10T$2.21T$1.83T
2013$1.36T$2.15T$2.29T$1.85T
2014$1.43T$2.17T$2.06T$1.81T
2015$1.50T$1.85T$1.36T$1.56T
2016$1.56T$1.89T$1.28T$1.53T
2017$1.62T$1.97T$1.57T$1.65T
2018$1.71T$2.10T$1.66T$1.73T
2019$1.79T$2.02T$1.69T$1.74T
2020$1.77T$1.91T$1.49T$1.66T
2021$1.91T$2.18T$1.83T$2.02T
2022$2.04T$2.10T$2.29T$2.20T
2023$2.16T$2.32T$2.05T$2.20T
2024$2.33T$2.38T$2.19T$2.27T
2025$2.47T$2.55T$2.56T$2.32T

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Frequently asked questions

How big is New York's economy?

New York's GDP was about $2.47 trillion ($2,466 billion) in 2025, according to the Bureau of Economic Analysis. In current dollars that is above Canada ($2.32 trillion) and just below Italy ($2.55 trillion) and Russia ($2.56 trillion).

Is New York's economy bigger than Canada's?

Yes in 2024 and 2025. New York's $2.47 trillion beats Canada's $2.32 trillion this year, though Canada was ahead in 2021, 2022 and 2023.

Are these GDP figures adjusted for inflation?

No. They are current-dollar figures, so the chart shows nominal size. Country values also move with exchange rates.

Where does this data come from?

U.S. Bureau of Economic Analysis GDP by state (SAGDP2) for the state; World Bank (NY.GDP.MKTP.CD) for countries; current US$. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

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