Department of Numbers

New Jersey GDP

New Jersey GDP was $672,089,000,000 in 2021 according to BEA data. New Jersey GDP represents 2.92% of US GDP which made it the 9th largest state economy in the nation in 2021.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in New Jersey

2021
(Billions)
1 Year Change 3 Year Change 5 Year Change
New Jersey $672.089 +4.32% +2.10% +4.32%

Trends in New Jersey Real GDP

Over the 5 years ending in 2021 the New Jersey economy grew in real terms by 4.32% at a compound annual growth rate of 0.85% per year. New Jersey GDP was at its highest in 2019 when it reached $674.035 bn. It is now $1.946 bn (0.29%) lower.

Real GDP (2021 Dollars): New Jersey

Historical Real GDP (2021 Dollars) data for New Jersey

Date New Jersey
(Billions)
2021 $672.089
2020 $644.281
2019 $674.035
2018 $658.270
2017 $644.186
2016 $644.241
2015 $636.826
2014 $619.911
2013 $621.425
2012 $612.205
2011 $598.055

more history ...

New Jersey GDP Components: Per-Capita GDP & Popuation

New Jersey per-capita GDP was $72,524 in 2021. which is $3,303 higher than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in New Jersey

2021 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $69,221 +5.53% +3.34% +7.37%
New Jersey Per-Capita GDP $72,524 +4.46% -2.04% -0.11%
New Jersey Population 9,267,130 -0.14% +4.22% +4.44%

Trends Real in New Jersey Real Per-Capita GDP & Population

Real New Jersey per-capita GDP is 0.11% lower today than 5 years prior in 2016. In that time the population in New Jersey grew by 393,546 (4.44%) people. The per-capita GDP decline plus the population growth are approximatly equal to the GDP decline New Jersey shown above.

Real Per-Capita GDP (2021 Dollars): New Jersey, National

Historical Real Per-Capita GDP (2021 Dollars) and Population data for New Jersey

Date US Per-Capita GDP New Jersey Per-Capita GDP New Jersey Population
2021 $69,221 $72,524 9,267,130
2020 $65,595 $69,429 9,279,743
2019 $68,164 $75,809 8,891,258
2018 $66,987 $74,032 8,891,730
2017 $65,472 $72,477 8,888,147
2016 $64,472 $72,602 8,873,584
2015 $63,906 $71,793 8,870,312
2014 $62,711 $69,910 8,867,277
2013 $61,792 $70,156 8,857,821
2012 $61,132 $69,210 8,845,671
2011 $60,234 $67,741 8,828,552

more history ...