What state is number 1 in economy?

California, the largest economy in the United States, has a GDP of $3.5 trillion and a GDP per capita of $89,540. The state's economy is diverse, with significant contributions from industries such as entertainment, technology, agriculture, and manufacturing.

What state has the #1 economy?

By state (dollars)

2022 (most recent) Gross domestic product (GDP) in the United States By state: Highest: California ($3,598,102,700,000) Lowest: Vermont ($40,617,100,000)

Where does the UK rank in economy?

The United Kingdom (UK), also known as the United Kingdom of Great Britain and Northern Ireland consists of England, Wales, Scotland, and Northern Ireland. It is the 5th largest economy in the world and the 2nd largest in Europe in terms of GDP.

What state has the best economy 2023?

What country is #1 in economy?

1. United States: USD 34.8 trillion in 2028.

The Monolithic Economy of The U.S.A

Who has the strongest economy in the world 2023?

The United States is the largest economy in the world, with a GDP of 26,854 billion dollars. China and Japan occupy the second and third spots, respectively. Here are the ten biggest economies in the world as of 2023. The biggest economy in the world is the United States, with a GDP of 26,854 billion dollars.

Who has the strongest economy in the world right now?

The United States of America

The United States upholds its status as the major global economy and richest country, steadfastly preserving its pinnacle position from 1960 to 2023.

Which state has the worst economy 2023?

The three U.S. states with the lowest GDPs were Vermont ($40.6 billion), Wyoming ($47.4 billion), and Alaska ($63.6 billion).

Which country has the strongest economy in Europe 2023?

Germany, Europe's largest economy, also experience slightly negative growth, at minus 0.5 percent. Overall, the European economy avoided recession in 2023, with a growth rate of one percent, while the EU (which contains 27 European countries) and the Eurozone (which contains 20) grew by 0.7 percent each.

Which is the fastest growing economy in the world 2023?

Is the US economy better than UK?

For most of the past two decades, growth in US GDP has surpassed growth in the United Kingdom and the eurozone. That trend has continued since the Covid-19 pandemic. Note: The absolute level of GDP across the three economies is indexed to 100 in 2000 to better compare changes.

How much debt is the UK in?

Main points. UK general government gross debt was £2,636.9 billion at the end of Quarter 2 (Apr to June) 2023, equivalent to 101.2% of gross domestic product (GDP). UK general government deficit (or net borrowing) was £63.5 billion in Quarter 2 2023, equivalent to 9.5% of GDP.

Is the UK economy strong or weak?

The UK will be the fourth best performing G7 economy relative to pre-pandemic levels: Despite weak projected growth in 2024, the UK will still outperform France, Japan and Germany with real GDP around 2.7% higher in 2024 on average relative to 2019 levels.

Which state has fastest growing economy?

What city has the strongest economy?

What's the best state to live in financially?

When it comes to the most affordable best state to live in USA, Mississippi takes the crown as the cheapest state. With a cost of living index of 85, it offers residents a significant economic advantage. Following closely behind as the best state to live in USA is Oklahoma, with a cost of living index of 85.8.

What is the poorest country in Europe 2023?

What is the wealthiest country in Europe?

Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high standard of living. It is a major center for large private banking, and its finance sector is the biggest contributor to its economy.

Which country is growing the fastest?

Guyana registered the world's highest real GDP growth rate in 2022, with its national output 62.4% higher. Driven by its booming oil sector, the economy is set to expand by 27.2% in 2023 and 34.2% next year — consolidating the country as the world's fastest-growing economy in 2024.

What's the best state to live in?

What state makes the most money?

What states are struggling the most?

According to the U.S. Census Bureau, the national poverty rate was 12.4% in 2022, up from 11.2% in 2021. These states have the highest percentages of poverty in the country: Mississippi, Louisiana, West Virginia, New Mexico, Arkansas, Kentucky, Alabama, Oklahoma, Texas, and New York.

What is the poorest country in the world?

What country has the most debt?

The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%. The United States' government's spending exceeds its income most years, and the US has not had a budget surplus since 2001.