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America's $29 Trillion Economy by State: Georgia’s Growing Economic Power

Writer: paulmcparlandsrpaulmcparlandsr


As of Q3 2024, the United States boasts a staggering $29 trillion economy, a testament to its diverse and dynamic regional strengths. According to data from the U.S. Bureau of Economic Analysis, visualized by Visual Capitalist, this economic powerhouse is distributed across states, with each contributing uniquely to the national GDP. The infographic highlights the economic output of states, regions, and even U.S. overseas activity, offering a fascinating glimpse into America’s financial landscape.


Among the standout performers, California leads with a massive $4.1 trillion contribution, driven by technology, entertainment, and innovation. Texas follows closely with $2.7 trillion, fueled by energy, manufacturing, and trade. New York, with $2.3 trillion, remains a global financial hub, while Florida’s $1.7 trillion economy thrives on tourism, agriculture, and real estate. These giants anchor the national economy, but smaller states also play vital roles.


Georgia, with an economic output of $888 billion, stands out as a key player in the Southeast region. The Peach State’s growth is propelled by a robust mix of industries, including logistics and transportation—thanks to the Port of Savannah, one of the busiest on the East Coast— aerospace, film production, and advanced manufacturing. Atlanta, Georgia’s economic heart, is a major hub for business, hosting Fortune 500 companies and fostering a thriving tech startup ecosystem. The state’s strategic location, business-friendly environment, and diverse workforce have positioned it as a magnet for investment and job creation.


The $29 trillion figure also includes contributions from regions like the Great Lakes ($3.8 trillion), Mideast ($5.0 trillion), and overseas U.S. military and federal civilian activity ($160 billion). This distribution underscores the interconnectedness of America’s economy, where every state, including Georgia, plays a critical role in driving national prosperity.


For business leaders, policymakers, and professionals, understanding these regional dynamics offers valuable insights for strategic growth, investment, and collaboration. Georgia’s $888 billion contribution is not just a number—it’s a story of innovation, resilience, and opportunity in America’s economic tapestry.

 
 

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