Massachusetts GDP
Massachusetts GDP was $636,514,000,000 in 2021 according to BEA data.
Massachusetts GDP represents 2.77% of US GDP which made it the 12th largest state economy in the nation in 2021.
Massachusetts GDP was $636,514,000,000 in 2021 according to BEA data.
Massachusetts GDP represents 2.77% of US GDP which made it the 12th largest state economy in the nation in 2021.
Show dollars as: Nominal Real
Real GDP (2021 Dollars) in Massachusetts
|
2021
(Billions) |
1 Year Change |
3 Year Change |
5 Year Change |
| Massachusetts |
$636.514 |
+4.92% |
+5.17% |
+10.49% |
Trends in Massachusetts Real GDP
Over the 5 years ending in 2021 the Massachusetts economy grew in real terms by 10.49% at a compound annual growth rate of 2.01% per year.
Real Massachusetts GDP, at $636.514 bn in 2021, is at the highest level recorded to date.
Real GDP (2021 Dollars): Massachusetts
Historical Real GDP (2021 Dollars) data for Massachusetts
| Date |
Massachusetts
(Billions) |
| 2021 |
$636.514 |
| 2020 |
$606.678 |
| 2019 |
$625.357 |
| 2018 |
$605.200 |
| 2017 |
$584.840 |
| 2016 |
$576.108 |
| 2015 |
$564.032 |
| 2014 |
$537.262 |
| 2013 |
$528.526 |
| 2012 |
$524.281 |
| 2011 |
$513.112 |
| 2010 |
$506.064 |
| 2009 |
$486.446 |
| 2008 |
$489.906 |
| 2007 |
$483.639 |
| 2006 |
$471.451 |
| 2005 |
$462.627 |
| 2004 |
$455.852 |
| 2003 |
$445.814 |
| 2002 |
$440.950 |
| 2001 |
$440.449 |
| 2000 |
$438.118 |
| 1999 |
$410.585 |
| 1998 |
$392.226 |
| 1997 |
$377.496 |
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Nominal GDP in Massachusetts
|
2021
(Billions) |
1 Year Change |
3 Year Change |
5 Year Change |
| Massachusetts |
$636.514 |
+9.28% |
+12.85% |
+23.68% |
Trends in Massachusetts Nominal GDP
Over the 5 years ending in 2021 the Massachusetts economy grew in nominal terms by 23.68% at a compound annual growth rate of 4.34% per year.
Nominal Massachusetts GDP, at $636.514 bn in 2021, is at the highest level recorded to date.
Nominal GDP: Massachusetts
Historical Nominal GDP data for Massachusetts
| Date |
Massachusetts |
| 2021 |
$636.514 |
| 2020 |
$582.477 |
| 2019 |
$593.257 |
| 2018 |
$564.047 |
| 2017 |
$532.354 |
| 2016 |
$514.638 |
| 2015 |
$498.851 |
| 2014 |
$470.469 |
| 2013 |
$454.321 |
| 2012 |
$442.917 |
| 2011 |
$425.523 |
| 2010 |
$411.136 |
| 2009 |
$390.505 |
| 2008 |
$390.778 |
| 2007 |
$378.519 |
| 2006 |
$359.270 |
| 2005 |
$341.993 |
| 2004 |
$326.737 |
| 2003 |
$311.189 |
| 2002 |
$301.836 |
| 2001 |
$296.869 |
| 2000 |
$288.791 |
| 1999 |
$264.644 |
| 1998 |
$249.299 |
| 1997 |
$237.267 |
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Massachusetts per-capita GDP was $91,129 in 2021.
which is $21,909 higher than the US per-capita GDP.
Massachusetts per-capita GDP was $91,129 in 2021.
which is $21,909 higher than the US per-capita GDP.
Show dollars as: Nominal Real
Real GDP (2021 Dollars) in Massachusetts
|
2021 |
1 Year Change |
3 Year Change |
5 Year Change |
| US Per-Capita GDP |
$69,221 |
+5.53% |
+3.34% |
+7.37% |
| Massachusetts Per-Capita GDP |
$91,129 |
+5.48% |
+3.68% |
+7.99% |
| Massachusetts Population |
6,984,723 |
-0.53% |
+1.44% |
+2.31% |
Trends Real in Massachusetts Real Per-Capita GDP & Population
Real Massachusetts per-capita GDP is 7.99% higher today than 5 years prior in 2016. In that time the population in Massachusetts grew by 157,443 (2.31%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Massachusetts shown above.
Real Per-Capita GDP (2021 Dollars): Massachusetts, National
Historical Real Per-Capita GDP (2021 Dollars) and Population data for Massachusetts
| Date |
US Per-Capita GDP |
Massachusetts Per-Capita GDP |
Massachusetts Population |
| 2021 |
$69,221 |
$91,129 |
6,984,723 |
| 2020 |
$65,595 |
$86,394 |
7,022,220 |
| 2019 |
$68,164 |
$90,699 |
6,894,883 |
| 2018 |
$66,987 |
$87,892 |
6,885,720 |
| 2017 |
$65,472 |
$85,209 |
6,863,560 |
| 2016 |
$64,472 |
$84,383 |
6,827,280 |
| 2015 |
$63,906 |
$82,977 |
6,797,484 |
| 2014 |
$62,711 |
$79,419 |
6,764,864 |
| 2013 |
$61,792 |
$78,706 |
6,715,158 |
| 2012 |
$61,132 |
$78,670 |
6,664,269 |
| 2011 |
$60,234 |
$77,577 |
6,614,218 |
| 2010 |
$59,785 |
$77,068 |
6,566,440 |
| 2009 |
$58,700 |
$74,636 |
6,517,613 |
| 2008 |
$60,801 |
$75,732 |
6,468,967 |
| 2007 |
$61,300 |
$75,198 |
6,431,559 |
| 2006 |
$60,671 |
$73,548 |
6,410,084 |
| 2005 |
$59,591 |
$72,248 |
6,403,290 |
| 2004 |
$58,122 |
$71,090 |
6,412,281 |
| 2003 |
$56,474 |
$69,414 |
6,422,565 |
| 2002 |
$55,447 |
$68,714 |
6,417,206 |
| 2001 |
$55,044 |
$68,846 |
6,397,634 |
| 2000 |
$55,069 |
$68,875 |
6,361,104 |
| 1999 |
$53,494 |
$66,490 |
6,175,169 |
| 1998 |
$51,633 |
$63,835 |
6,144,407 |
| 1997 |
$49,997 |
$61,728 |
6,115,476 |
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Nominal GDP in Massachusetts
|
2021 |
1 Year Change |
3 Year Change |
5 Year Change |
| US Per-Capita GDP |
$69,221 |
+9.91% |
+10.87% |
+20.89% |
| Massachusetts Per-Capita GDP |
$91,129 |
+9.86% |
+11.25% |
+20.89% |
| Massachusetts Population |
6,984,723 |
-0.53% |
+1.44% |
+2.31% |
Trends in Nominal Massachusetts Real Per-Capita GDP & Population
Nominal Massachusetts per-capita GDP is 20.89% higher today than 5 years prior in 2016. In that time the population in Massachusetts grew by 157,443 (2.31%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Massachusetts shown above.
Nominal Per-Capita GDP: Massachusetts, National
Historical Nominal Per-Capita GDP and Population data for Massachusetts
| Date |
US Per-Capita GDP |
Massachusetts Per-Capita GDP |
Massachusetts Population |
| 2021 |
$69,221 |
$91,129 |
6,984,723 |
| 2020 |
$62,978 |
$82,948 |
7,022,220 |
| 2019 |
$64,665 |
$86,043 |
6,894,883 |
| 2018 |
$62,432 |
$81,916 |
6,885,720 |
| 2017 |
$59,596 |
$77,562 |
6,863,560 |
| 2016 |
$57,593 |
$75,380 |
6,827,280 |
| 2015 |
$56,521 |
$73,388 |
6,797,484 |
| 2014 |
$54,914 |
$69,546 |
6,764,864 |
| 2013 |
$53,117 |
$67,656 |
6,715,158 |
| 2012 |
$51,645 |
$66,461 |
6,664,269 |
| 2011 |
$49,952 |
$64,335 |
6,614,218 |
| 2010 |
$48,570 |
$62,612 |
6,566,440 |
| 2009 |
$47,123 |
$59,915 |
6,517,613 |
| 2008 |
$48,498 |
$60,408 |
6,468,967 |
| 2007 |
$47,976 |
$58,853 |
6,431,559 |
| 2006 |
$46,234 |
$56,048 |
6,410,084 |
| 2005 |
$44,052 |
$53,409 |
6,403,290 |
| 2004 |
$41,660 |
$50,955 |
6,412,281 |
| 2003 |
$39,420 |
$48,452 |
6,422,565 |
| 2002 |
$37,954 |
$47,035 |
6,417,206 |
| 2001 |
$37,100 |
$46,403 |
6,397,634 |
| 2000 |
$36,300 |
$45,400 |
6,361,104 |
| 1999 |
$34,480 |
$42,856 |
6,175,169 |
| 1998 |
$32,818 |
$40,573 |
6,144,407 |
| 1997 |
$31,424 |
$38,798 |
6,115,476 |
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