What is the gross domestic product (GDP) in New Jersey?

Jan 8, 2025 · Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. ... In 2023, the professional and business services industry …

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New Jersey GDP And Per-Capita GDP | Department Of Numbers

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Trends Real in New Jersey Real Per-Capita GDP & Population. Real New Jersey per-capita GDP is 0.11% lower today than 5 years prior in 2016. In that time the population in New Jersey …

deptofnumbers.com

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NJ's GDP Growth In Q4 Exceeds National Average - NJBIA

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Mar 26, 2021 · New Jersey’s real gross domestic product growth (GDP) increased 4.8% in the fourth quarter of 2020, according to statistics released Friday by the U.S. Bureau of Economic …

njbia.org

FAQs about What is the gross domestic product (GDP) in New Jersey? Coupon?

What is the real GDP of New Jersey?

In the 3rd quarter of 2023, the real GDP for New Jersey was $810.1 billion in goods and services per year. Gross domestic product (GDP) is the primary measure of an area’s economy. Real GDP adjusts the measure for inflation allowing for comparison across time. ...

What is the economic growth rate in New Jersey?

Economic growth trends may differ as each state has a different mix of workers and industries. In the 3rd quarter of 2023, the real GDP growth rate for New Jersey was 4.8% per year. Bureau of Economic Analysis. In the 3rd quarter of 2023, the real GDP growth rate for information in New Jersey was 25.3% per year, the highest in the state. ...

Is New Jersey economic growth lower than the US?

The latest data shows that New Jersey economic growth is lower than the US overall. Gross domestic production (GDP) estimates the size of an area’s economy. It is the total value of all goods and services produced in an area. ...

What was New Jersey GDP in 2019?

New Jersey GDP was at its highest in 2019 when it reached $674.035 bn. It is now $1.946 bn (0.29%) lower. more history ... less history ... New Jersey per-capita GDP was $72,524 in 2021. which is $3,303 higher than the US per-capita GDP. Real New Jersey per-capita GDP is 0.11% lower today than 5 years prior in 2016. ...

What was New Jersey's gross state product in 2024?

New Jersey's gross state product (GSP) in 2024 reached $666.9b, with growth of 1.6% over the 5 years to 2024. Businesses in New Jersey employed a total of 4,973,582 people in 2024, with average annual employment growth over the past five years of 0.9%. ...

What sectors contribute the most to New Jersey's GDP in 2024?

The Real Estate and Rental and Leasing, Professional, Scientific and Technical Services and Healthcare and Social Assistance sectors contributed the most to New Jersey's GDP in 2024, representing a combined 39.9% of state GDP. ...