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Aug 30, 2023 · Discover the current state of Ohio's economy, including its growth, unemployment rate, and key industries. Get insights from government data provided by the Bureau of Economic Analysis and the Bureau of Labor Statistics.
In 2024, the state of Ohio has a population of 11,800,712, having grown an annualized 0.2% over the five years to 2024, which ranks it 40 th out of all 50 US states by growth rate. Ohio's gross state product (GSP) in 2024 reached $717.9b, with growth of 1.3% over the 5 years to 2024.
Ohio GDP is at a current level of 698.22B, up from 689.68B one year ago. This is a change of 1.24% from one year ago. View and export this data back to 1997. Upgrade now. In depth view into Ohio GDP including historical data from 1997 to 2022, charts and stats.
Ohio GDP was $736,450,000,000 in 2021 according to BEA data. Ohio GDP represents 3.20% of US GDP which made it the 7th largest state economy in the nation in 2021. Over the 5 years ending in 2021 the Ohio economy grew in real terms by 5.55% at a compound annual growth rate of 1.09% per year.
On average, Ohio's real GDP grew at an annual rate of 1.37% over 1998-2023. The state posted its highest growth in 2021 ( 5.38% ) and recorded its lowest growth in 2009 ( -5.07% ). In 2023, Ohio's real GDP grew by 2.09%
Dec 29, 2021 · Only 18 counties had growth last year. Harrison and Monroe counties each posted a 20.5% increase in their economy in 2020, according to federal data released this month. Both counties are small...
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May 20, 2021 · Due in part to a 2.4% contraction in 2020, Ohio’s economy expanded at an average annual rate of 0.7% over the last half decade — half the comparable national growth rate of 1.4%.
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related to: what is the economic growth rate in ohio 2020 calendar date today news channelLearn how EPIC will help rebuild our economy through common-sense economic solutions. Learn the Economic Policy Innovation Center’s criteria for pinpointing “wasteful” spending