New Jersey GDP
New Jersey GDP was $672,089,000,000 in 2021 according to BEA data.
New Jersey GDP represents 2.92% of US GDP which made it the 9th largest state economy in the nation in 2021.
New Jersey GDP was $672,089,000,000 in 2021 according to BEA data.
New Jersey GDP represents 2.92% of US GDP which made it the 9th largest state economy in the nation in 2021.
Show dollars as: Nominal Real
Real GDP (2021 Dollars) in New Jersey
|
2021
(Billions) |
1 Year Change |
3 Year Change |
5 Year Change |
| New Jersey |
$672.089 |
+4.32% |
+2.10% |
+4.32% |
Trends in New Jersey Real GDP
Over the 5 years ending in 2021 the New Jersey economy grew in real terms by 4.32% at a compound annual growth rate of 0.85% per year.
New Jersey GDP was at its highest in 2019 when it reached $674.035 bn. It is now $1.946 bn (0.29%) lower.
Real GDP (2021 Dollars): New Jersey
Historical Real GDP (2021 Dollars) data for New Jersey
| Date |
New Jersey
(Billions) |
| 2021 |
$672.089 |
| 2020 |
$644.281 |
| 2019 |
$674.035 |
| 2018 |
$658.270 |
| 2017 |
$644.186 |
| 2016 |
$644.241 |
| 2015 |
$636.826 |
| 2014 |
$619.911 |
| 2013 |
$621.425 |
| 2012 |
$612.205 |
| 2011 |
$598.055 |
| 2010 |
$606.538 |
| 2009 |
$600.992 |
| 2008 |
$622.104 |
| 2007 |
$606.745 |
| 2006 |
$600.476 |
| 2005 |
$589.438 |
| 2004 |
$578.782 |
| 2003 |
$574.458 |
| 2002 |
$564.097 |
| 2001 |
$554.437 |
| 2000 |
$547.673 |
| 1999 |
$521.390 |
| 1998 |
$503.243 |
| 1997 |
$489.742 |
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Nominal GDP in New Jersey
|
2021
(Billions) |
1 Year Change |
3 Year Change |
5 Year Change |
| New Jersey |
$672.089 |
+8.65% |
+9.55% |
+16.78% |
Trends in New Jersey Nominal GDP
Over the 5 years ending in 2021 the New Jersey economy grew in nominal terms by 16.78% at a compound annual growth rate of 3.15% per year.
Nominal New Jersey GDP, at $672.089 bn in 2021, is at the highest level recorded to date.
Nominal GDP: New Jersey
Historical Nominal GDP data for New Jersey
| Date |
New Jersey |
| 2021 |
$672.089 |
| 2020 |
$618.579 |
| 2019 |
$639.437 |
| 2018 |
$613.509 |
| 2017 |
$586.375 |
| 2016 |
$575.501 |
| 2015 |
$563.234 |
| 2014 |
$542.843 |
| 2013 |
$534.178 |
| 2012 |
$517.196 |
| 2011 |
$495.966 |
| 2010 |
$492.762 |
| 2009 |
$482.459 |
| 2008 |
$496.227 |
| 2007 |
$474.868 |
| 2006 |
$457.593 |
| 2005 |
$435.737 |
| 2004 |
$414.849 |
| 2003 |
$400.985 |
| 2002 |
$386.132 |
| 2001 |
$373.698 |
| 2000 |
$361.005 |
| 1999 |
$336.065 |
| 1998 |
$319.861 |
| 1997 |
$307.817 |
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New Jersey per-capita GDP was $72,524 in 2021.
which is $3,303 higher than the US per-capita GDP.
New Jersey per-capita GDP was $72,524 in 2021.
which is $3,303 higher than the US per-capita GDP.
Show dollars as: Nominal Real
Real GDP (2021 Dollars) in New Jersey
|
2021 |
1 Year Change |
3 Year Change |
5 Year Change |
| US Per-Capita GDP |
$69,221 |
+5.53% |
+3.34% |
+7.37% |
| New Jersey Per-Capita GDP |
$72,524 |
+4.46% |
-2.04% |
-0.11% |
| New Jersey Population |
9,267,130 |
-0.14% |
+4.22% |
+4.44% |
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 grew by 393,546 (4.44%) people. The per-capita GDP decline plus the population growth are approximatly equal to the GDP decline New Jersey shown above.
Real Per-Capita GDP (2021 Dollars): New Jersey, National
Historical Real Per-Capita GDP (2021 Dollars) and Population data for New Jersey
| Date |
US Per-Capita GDP |
New Jersey Per-Capita GDP |
New Jersey Population |
| 2021 |
$69,221 |
$72,524 |
9,267,130 |
| 2020 |
$65,595 |
$69,429 |
9,279,743 |
| 2019 |
$68,164 |
$75,809 |
8,891,258 |
| 2018 |
$66,987 |
$74,032 |
8,891,730 |
| 2017 |
$65,472 |
$72,477 |
8,888,147 |
| 2016 |
$64,472 |
$72,602 |
8,873,584 |
| 2015 |
$63,906 |
$71,793 |
8,870,312 |
| 2014 |
$62,711 |
$69,910 |
8,867,277 |
| 2013 |
$61,792 |
$70,156 |
8,857,821 |
| 2012 |
$61,132 |
$69,210 |
8,845,671 |
| 2011 |
$60,234 |
$67,741 |
8,828,552 |
| 2010 |
$59,785 |
$68,929 |
8,799,451 |
| 2009 |
$58,700 |
$68,641 |
8,755,602 |
| 2008 |
$60,801 |
$71,415 |
8,711,090 |
| 2007 |
$61,300 |
$69,919 |
8,677,885 |
| 2006 |
$60,671 |
$69,326 |
8,661,679 |
| 2005 |
$59,591 |
$68,128 |
8,651,974 |
| 2004 |
$58,122 |
$67,031 |
8,634,561 |
| 2003 |
$56,474 |
$66,787 |
8,601,402 |
| 2002 |
$55,447 |
$65,956 |
8,552,643 |
| 2001 |
$55,044 |
$65,284 |
8,492,671 |
| 2000 |
$55,069 |
$64,962 |
8,430,621 |
| 1999 |
$53,494 |
$64,026 |
8,143,412 |
| 1998 |
$51,633 |
$62,163 |
8,095,542 |
| 1997 |
$49,997 |
$60,806 |
8,054,178 |
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Nominal GDP in New Jersey
|
2021 |
1 Year Change |
3 Year Change |
5 Year Change |
| US Per-Capita GDP |
$69,221 |
+9.91% |
+10.87% |
+11.82% |
| New Jersey Per-Capita GDP |
$72,524 |
+8.80% |
+5.11% |
+11.82% |
| New Jersey Population |
9,267,130 |
-0.14% |
+4.22% |
+4.44% |
Trends in Nominal New Jersey Real Per-Capita GDP & Population
Nominal New Jersey per-capita GDP is 11.82% higher today than 5 years prior in 2016. In that time the population in New Jersey grew by 393,546 (4.44%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth New Jersey shown above.
Nominal Per-Capita GDP: New Jersey, National
Historical Nominal Per-Capita GDP and Population data for New Jersey
| Date |
US Per-Capita GDP |
New Jersey Per-Capita GDP |
New Jersey Population |
| 2021 |
$69,221 |
$72,524 |
9,267,130 |
| 2020 |
$62,978 |
$66,659 |
9,279,743 |
| 2019 |
$64,665 |
$71,917 |
8,891,258 |
| 2018 |
$62,432 |
$68,998 |
8,891,730 |
| 2017 |
$59,596 |
$65,973 |
8,888,147 |
| 2016 |
$57,593 |
$64,856 |
8,873,584 |
| 2015 |
$56,521 |
$63,497 |
8,870,312 |
| 2014 |
$54,914 |
$61,219 |
8,867,277 |
| 2013 |
$53,117 |
$60,306 |
8,857,821 |
| 2012 |
$51,645 |
$58,469 |
8,845,671 |
| 2011 |
$49,952 |
$56,177 |
8,828,552 |
| 2010 |
$48,570 |
$55,999 |
8,799,451 |
| 2009 |
$47,123 |
$55,103 |
8,755,602 |
| 2008 |
$48,498 |
$56,965 |
8,711,090 |
| 2007 |
$47,976 |
$54,722 |
8,677,885 |
| 2006 |
$46,234 |
$52,830 |
8,661,679 |
| 2005 |
$44,052 |
$50,363 |
8,651,974 |
| 2004 |
$41,660 |
$48,045 |
8,634,561 |
| 2003 |
$39,420 |
$46,619 |
8,601,402 |
| 2002 |
$37,954 |
$45,148 |
8,552,643 |
| 2001 |
$37,100 |
$44,002 |
8,492,671 |
| 2000 |
$36,300 |
$42,821 |
8,430,621 |
| 1999 |
$34,480 |
$41,268 |
8,143,412 |
| 1998 |
$32,818 |
$39,511 |
8,095,542 |
| 1997 |
$31,424 |
$38,218 |
8,054,178 |
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