Tasmania has been ranked by CommSec as having the country's best-performing economy. Queensland and South Australia have come in at equal second, followed by New South Wales.
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
Overall, in the calendar year 2022, the United States' Nominal GDP at Current Prices totaled at $25.463 Trillion, as compared to $23.315 Trillion in 2021. The three U.S. states with the highest GDPs were California ($3.6 Trillion), Texas ($2.356 Trillion), and New York ($2.053 Trillion).
The ten states with the highest GDP are California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, New Jersey, and Washington. The state with the highest GDP is California, with a GDP of $3.5 trillion.
According to the latest available data from the World Bank, the United States of America is currently the world's largest economy, with a GDP of over $23 trillion in 2021.
No. 1 was Alaska with 8.7% growth, followed by Texas at 8.2%, Oklahoma at 5.5%, Wyoming at 5.3% and North Dakota at 5.2%.
New York. New York City is said to be the largest city in terms of GDP. For 2023, according to the World Economic Forum, its estimated GDP is $2.5trn. Its economy is powered by the finance, media and technology industries, as well as its diverse population.
"We've been doing the state of the states surveys for 13 years and for the first time in those 13 years Queensland has come up number one." The report uses the latest available information to provide an economic snapshot of each region by comparing annual growth rates for eight key indicators: Economic growth.
The table and infographic map below breaks this down to show how each state is faring. WA is Australia's fastest growing state, growing at more than twice the national growth rate, twice the rate of Victoria and almost three times that of NSW.
For example, according to a recent report in the Courier Mail co-authored with realestate.com, Queensland and South Australia are good destinations for property investors in Australia. In terms of units, Queensland has been performing very well, with the top nineteen suburbs being in the Sunshine State.
The IMF monitors the international monetary system and global economic developments to identify risks and recommend policies for growth and financial stability. The Fund also undertakes a regular health check of the economic and financial policies of its 190 member countries.
2022 rankings
In the 2022 index, New Zealand is ranked most free overall, while North Korea is last. Hong Kong was ranked most free in economic liberty, while Norway was ranked most free in the social liberty category.
The global economy can be thought of as a pie, with the size of each slice representing the share of global GDP contributed by each country. Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP.
Hawaii is the top state for health care in the U.S. It has the best health outcomes in the country, with low preventable death (47 per 100,000 people), diabetes mortality and obesity rates. However, the state ranks fairly low for accessibility (No. 31).
In 2021, there were around 1.16 million active duty U.S. Armed Forces personnel stationed within the United States. In that year, there were 157,639 U.S. Armed Forces personnel stationed in California, the most of any state.
Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the fourth quarter of 2022, with the percent change in real GDP ranging from 7.0 percent in Texas to –4.3 percent in South Dakota.
After Gujarat, Karnataka is the second fastest-growing major state economy, having clocked a CAGR of 7.3 percent. The southern state's GSDP was Rs 6.06 lakh crore in FY 2011-12 and expanded to Rs 11.44 lakh crore in FY 2020-21.
India is projected to grow at 6.7 per cent in 2024, the fastest-growing major economy in the world, the flagship report had said.