Department of Numbers

New Jersey GDP

New Jersey GDP was $634,784,000,000 in 2019 according to BEA data. New Jersey GDP represents 2.96% of US GDP which made it the 8th largest state economy in the nation in 2019.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in New Jersey

2019
(Billions)
1 Year Change 3 Year Change 5 Year Change
New Jersey $634.784 +1.74% +2.80% +7.43%

Trends in New Jersey Real GDP

Over the 5 years ending in 2019 the New Jersey economy grew in real terms by 7.43% at a compound annual growth rate of 1.44% per year. Real New Jersey GDP, at $634.784 bn in 2019, is at the highest level recorded to date.

Real GDP (2019 Dollars): New Jersey

Historical Real GDP (2019 Dollars) data for New Jersey

Date New Jersey
(Billions)
2019 $634.784
2018 $623.922
2017 $615.677
2016 $617.493
2015 $610.681
2014 $590.871
2013 $592.847
2012 $583.294
2011 $570.901
2010 $578.172
2009 $574.547

more history ...

New Jersey GDP Components: Per-Capita GDP & Popuation

New Jersey per-capita GDP was $71,467 in 2019. which is $6,227 higher than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in New Jersey

2019 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $65,240 +1.67% +5.93% +9.49%
New Jersey Per-Capita GDP $71,467 +1.78% +2.67% +7.22%
New Jersey Population 8,882,190 -0.04% +0.13% +0.20%

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

Real New Jersey per-capita GDP is 7.22% higher today than 5 years prior in 2014. In that time the population in New Jersey grew by 17,665 (0.20%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth New Jersey shown above.

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

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

Date US Per-Capita GDP New Jersey Per-Capita GDP New Jersey Population
2019 $65,240 $71,467 8,882,190
2018 $64,168 $70,214 8,886,025
2017 $62,633 $69,290 8,885,525
2016 $61,590 $69,609 8,870,827
2015 $60,982 $68,864 8,867,949
2014 $59,587 $66,656 8,864,525
2013 $58,537 $66,936 8,856,972
2012 $57,870 $65,947 8,844,942
2011 $56,997 $64,668 8,828,117
2010 $56,531 $65,705 8,799,446
2009 $55,573 $65,621 8,755,602

more history ...