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Aug 30, 2023 · In the 3rd quarter of 2023, the real GDP growth rate for Ohio was 4.6% per year, compared with 1.9% the previous quarter. The latest data shows that Ohio economic growth is lower than the US overall. Gross domestic production (GDP) estimates the size of an area’s economy.
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.
DateValueDecember 31, 2023698.22BDecember 31, 2022689.68BDecember 31, 2021686.21BDecember 31, 2020654.59BOhio’s GDP, the broadest measure of economic production, increased 8.7% in 2021 from 2020. Of Ohio’s neighbors, only Pennsylvania ranked higher for total GDP or on a per-capita basis in 2021.
Sep 27, 2024 · What is GDP by State? A comprehensive measure of the economies of each state and the District of Columbia. GDP estimates the value of the goods and services produced in a state.
• Ohio’s Gross Domestic Product (GDP) is estimated at $677.6 billion for all of 2020 – a figure 2.3 percent less than the revised 2019 estimate of $693.2 billion – ending a 10-year expansion; total U.S. GDP also was 2.2 percent less.
In 2022 (most recent), Gross domestic product (GDP) was $822,669,700,000 in the United States for Ohio (state). This increased by $66,052,500,000 or 8.73% from 2021. Highest: $822,669,700,000 in 2022; Lowest: $343,430,300,000 in 1997
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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.