By state (dollars) 2022 (most recent) Gross domestic product (GDP) in the United States By state: Highest: California ($3,598,102,700,000) Lowest: Vermont ($40,617,100,000)

The increase in real GDP reflected increases in consumer spending, exports, state and local government spending, nonresidential fixed investment, federal government spending, private inventory investment, and residential fixed investment (table 2).

What are the 4 main components of GDP? There are four main components of GDP; consumption, investment, government spending, and exports. Consumption is the largest component of GDP and is a measure of all spending by households on goods and services.

When GDP is shrinking, as it did in many countries during the recent global economic crisis, employment often declines. In some cases, GDP may be growing, but not fast enough to create a sufficient number of jobs for those seeking them. But real GDP growth does move in cycles over time.