Department of Numbers

Massachusetts GDP

Massachusetts GDP was $446,476,000,000 in 2016 according to BEA data. Massachusetts GDP represents 2.73% of US GDP which made it the 11th largest state economy in the nation in 2016. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Massachusetts

2016
(Billions)
1 Year Change 3 Year Change 5 Year Change
Massachusetts $446.476 +2.02% +7.58% +9.32%

Trends in Massachusetts Real GDP

Over the 5 years ending in 2016 the Massachusetts economy grew in real terms by 9.32% at a compound annual growth rate of 1.80% per year. Real Massachusetts GDP, at $446.476 bn in 2016, is at the highest level recorded to date.

Real GDP (2009 Chained Dollars): Massachusetts

Historical Real GDP (2009 Chained Dollars) data for Massachusetts

Date Massachusetts
(Billions)
2016 $446.476
2015 $437.633
2014 $421.940
2013 $415.030
2012 $415.832
2011 $408.409
2010 $399.239
2009 $385.698
2008 $392.817
2007 $392.035
2006 $382.718

more history ...

Massachusetts GDP Components: Per-Capita GDP & Popuation

Massachusetts per-capita GDP was $65,545 in 2016. which is $14,968 higher than the US per-capita GDP. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Massachusetts

2016 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $50,577 +0.84% +4.20% +6.27%
Massachusetts Per-Capita GDP $65,545 +1.61% +5.92% +6.11%
Massachusetts Population 6,811,779 +0.41% +1.57% +3.02%

Trends Real in Massachusetts Real Per-Capita GDP & Population

Real Massachusetts per-capita GDP is 6.11% higher today than 5 years prior in 2011. In that time the population in Massachusetts grew by 199,856 (3.02%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Massachusetts shown above.

Real Per-Capita GDP (2009 Chained Dollars): Massachusetts, National

Historical Real Per-Capita GDP (2009 Chained Dollars) and Population data for Massachusetts

Date US Per-Capita GDP Massachusetts Per-Capita GDP Massachusetts Population
2016 $50,577 $65,545 6,811,779
2015 $50,155 $64,507 6,784,240
2014 $49,253 $62,510 6,749,911
2013 $48,538 $61,882 6,706,786
2012 $48,173 $62,456 6,658,008
2011 $47,595 $61,769 6,611,923
2010 $47,287 $60,808 6,565,524
2009 $46,680 $59,178 6,517,613
2008 $48,401 $60,723 6,468,967
2007 $49,126 $60,955 6,431,559
2006 $48,880 $59,706 6,410,084

more history ...