In 2025, the real gross domestic product (GDP) of the United States increased by percent compared to the previous year. This reflected a drop percentage points. But that national figure masked sharp differences across states, with some economies pulling ahead and others barely growing.
Where growth surged, and where it stalled
Growth in the United States was not evenly shared across regions. Florida and South Carolina grew fastest in real terms, with output rising by percent. California and Texas, the two biggest state economies, expanded by a more modest percent. North Dakota was the laggard, managing annual growth of just percent. On a per-person basis, Delaware and New Mexico stood out, with annual per capita growth reaching percent and percent, respectively.
The world’s largest economy
Though the United States has the world’s largest economy, it was neither the fastest-growing nor the one with the highest GDP at purchasing power parity. That is not unexpected. Developing economies often outpace richer ones as they converge toward higher income levels. Furthermore, countries like Liechtenstein and Singapore had the highest GDP per capita at purchasing power parity, a better measure of living standards than GDP alone. Even so, America’s sheer economic weight still gives it an outsized role in shaping the world economy.Â
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