Top 10 richest states in the US (2024)

The United States is one of the most developed and prosperous countries in the world, and this is reflected in the wealth of its states. In this article, we will be taking a look at the states that have the highest economies per GDP in the US. 

Richest states by GDP in the US

Rank	State	GDP ($)
1.	California	3.3 Trillion
2.	Texas	1.9 Trillion
3.	New York	1.8 Trillion
4.	Florida	1.2 Trillion
5.	Illinois	938.3 Billion
6.	Pennsylvania	839.4 Billion
7.	Ohio	736.4 Billion
8.	Georgia	683.3 Billion
9.	New Jersey	672 Billion
10.	Washington	667.5 Billion

1. California

GDP: $3.3 Trillion

California with a GDP of about $3.3 trillion, California is the richest state in the US. The state has a diverse economy, with major industries such as technology, entertainment, agriculture, and manufacturing contributing to its wealth. 

The state is home to many of the world’s largest and most successful technology companies, such as Google, Apple, and Facebook, which have helped to drive its GDP growth. The state is also home to the world’s largest agricultural industry, with a wide range of crops and produce grown, including fruits, vegetables, and nuts. 

2. Texas

GDP: $1.9 Trillion

Texas with a GDP of about $1.9 trillion, Texas is the second richest state in the US. The state’s economy is based on a variety of industries, including energy, oil, agriculture, and manufacturing. Texas is one of the leading producers of oil and natural gas in the US, and its energy industry is a major contributor to the state’s GDP. 

Texas is a major centre of the agricultural industry, with a wide range of crops and produces grown, including cotton, wheat, and cattle. The state’s manufacturing sector is also significant, with many large factories and plants located in the state, producing products such as cars, electronics, and machinery.

3. New York

GDP: $1.8 Trillion

New York with a GDP of about $1.8 trillion, New York is the third richest state in the US. The state’s economy is based on a variety of industries, including finance, insurance, real estate, tourism, and retail. New York is a major centre of the finance and insurance industries, with Wall Street being a significant contributor to the state’s GDP. Additionally, the state’s real estate industry is one of the largest in the US, with many large commercial and residential properties located in the state.

Tourism is also a major industry in New York, with millions of tourists visiting the state each year to see attractions such as the Statue of Liberty, Times Square, and Central Park. New York’s retail industry is also significant, with many large department stores, boutiques, and shopping centres located in the state. 

4. Florida

GDP:$1.2 Trillion

Florida with a GDP of $1.2 trillion, Florida is the fourth richest state in the US. The state’s economy is based on a variety of industries, including tourism, agriculture, and real estate. Florida is a major centre of the tourism industry, with millions of tourists visiting the state each year to see attractions such as Walt Disney World, Universal Studios, and the beaches. Additionally, the state’s agricultural industry is significant, with a wide range of crops and produce grown, including oranges, tomatoes, and sugarcane.

Florida’s real estate industry is also one of the largest in the US, with many large commercial and residential properties located in the state. The state’s per capita GDP is around $50,000, which is one of the highest in the US. 

5. Illinois

GDP: $938.3 Billion

Illinois with a GDP of $938.3 Billion, Illinois is the fifth richest state in the US. The state’s economy is based on a variety of industries, including agriculture, manufacturing, and services. Illinois is a major centre of the agricultural industry, with a wide range of crops and produces grown, including corn, soybeans, and wheat. Additionally, the state’s manufacturing sector is significant, with many large factories and plants located in the state, producing products such as cars, electronics, and machinery.

Illinois’ services sector is also large, with many large companies located in the state, providing services such as finance, insurance, and healthcare. 

6. Pennsylvania

GDP: $839.4 Billion

Pennsylvania with a GDP of $830 Billion, Pennsylvania is the sixth richest state in the US. The state’s economy is based on a variety of industries, including agriculture, manufacturing, and services. Pennsylvania is a major centre of the agricultural industry, with a wide range of crops and produces grown, including apples, corn, and potatoes. 

Additionally, the state’s manufacturing sector is significant, with many large factories and plants located in the state, producing products such as cars, electronics, and machinery. Pennsylvania’s economy has grown steadily in recent years, thanks to its diversified economy and large population. With a population of around 13 million, Pennsylvania is one of the most populous states in the US, and this has helped to drive its GDP growth.

7. Ohio

GDP: $736.4 Billion

Ohio with a GDP of $730 Billion, Ohio is the seventh richest state in the US. The state’s economy is based on a variety of industries, including agriculture, manufacturing, and services. 

Ohio is a major centre of the agricultural industry, with a wide range of crops and produces grown, including corn, soybeans, and wheat. Additionally, the state’s manufacturing sector is significant, with many large factories and plants located in the state, producing products such as cars, electronics, and 

8. Georgia

GDP: $683.3 Billion

Georgia with a GDP of $680 Billion, Georgia is the eighth richest state in the US. The state’s economy is based on a variety of industries, including agriculture, manufacturing, and services. Georgia is a major centre of the agricultural industry, with a wide range of crops and produces grown, including peanuts, pecans, and cotton. 

Additionally, the state’s manufacturing sector is significant, with many large factories and plants located in the state, producing products such as aircraft, textiles, and food products. Georgia’s economy has grown rapidly in recent years, thanks to its diversified economy and large population. With a population of around 11 million, Georgia is one of the most populous states in the US, and this has helped to drive its GDP growth.

9. New Jersey

GDP: $672 Billion

New Jersey with a GDP of $670 Billion, New Jersey is the ninth richest state in the US. The state’s economy is based on a variety of industries, including manufacturing, services, and finance. New Jersey is home to many large pharmaceutical and chemical companies, as well as several major ports and airports. Additionally, the state’s finance sector is significant, with many large banks and financial institutions located in the state.

New Jersey’s services sector is also large, with many large companies located in the state, providing services such as finance, insurance, and healthcare. 

10. Washington

GDP: $667.5 Billion

Washington with a GDP of $660 Billion, Washington is the tenth richest state in the US. The state’s economy is based on a variety of industries, including technology, manufacturing, and services. Washington is home to many large technology companies, including Microsoft, Amazon, and Boeing. Additionally, the state’s manufacturing sector is significant, with many large factories and plants located in the state, producing products such as aircraft and electronics.

Washington’s services sector is also large, with many large companies located in the state, providing services such as finance, insurance, and healthcare. 

Conclusion

These states are home to some of the most successful businesses, entrepreneurs, and individuals in the country, and they are also the driving force behind the country’s economic growth. From tech hubs to agricultural states, these states have a lot to offer and have significantly contributed to the country’s economy.