Department of Numbers

Massachusetts GDP

Massachusetts GDP was $596,593,000,000 in 2019 according to BEA data. Massachusetts GDP represents 2.78% of US GDP which made it the 11th largest state economy in the nation in 2019.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Massachusetts

2019
(Billions)
1 Year Change 3 Year Change 5 Year Change
Massachusetts $596.593 +2.75% +8.22% +16.42%

Trends in Massachusetts Real GDP

Over the 5 years ending in 2019 the Massachusetts economy grew in real terms by 16.42% at a compound annual growth rate of 3.09% per year. Real Massachusetts GDP, at $596.593 bn in 2019, is at the highest level recorded to date.

Real GDP (2019 Dollars): Massachusetts

Historical Real GDP (2019 Dollars) data for Massachusetts

Date Massachusetts
(Billions)
2019 $596.593
2018 $580.648
2017 $562.809
2016 $551.273
2015 $539.927
2014 $512.430
2013 $502.717
2012 $498.993
2011 $487.437
2010 $479.130
2009 $462.362

more history ...

Massachusetts GDP Components: Per-Capita GDP & Popuation

Massachusetts per-capita GDP was $86,557 in 2019. which is $21,316 higher than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Massachusetts

2019 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $65,240 +1.67% +5.93% +9.49%
Massachusetts Per-Capita GDP $86,557 +2.60% +7.14% +14.23%
Massachusetts Population 6,892,503 +0.14% +1.01% +1.92%

Trends Real in Massachusetts Real Per-Capita GDP & Population

Real Massachusetts per-capita GDP is 14.23% higher today than 5 years prior in 2014. In that time the population in Massachusetts grew by 129,907 (1.92%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Massachusetts shown above.

Real Per-Capita GDP (2019 Dollars): Massachusetts, National

Historical Real Per-Capita GDP (2019 Dollars) and Population data for Massachusetts

Date US Per-Capita GDP Massachusetts Per-Capita GDP Massachusetts Population
2019 $65,240 $86,557 6,892,503
2018 $64,168 $84,364 6,882,635
2017 $62,633 $82,045 6,859,789
2016 $61,590 $80,789 6,823,608
2015 $60,982 $79,469 6,794,228
2014 $59,587 $75,774 6,762,596
2013 $58,537 $74,883 6,713,315
2012 $57,870 $74,890 6,663,005
2011 $56,997 $73,702 6,613,583
2010 $56,531 $72,968 6,566,307
2009 $55,573 $70,940 6,517,613

more history ...