Real GDP · New York

## What this measures

The real gross domestic product of New York: the value of all final goods and services produced in the state, adjusted for inflation to chained 2017 dollars. Quarterly, seasonally adjusted, at an annual rate, in billions of dollars.

## Why it matters

It is the broadest measure of the size of New York's economy and how fast it is growing, and the state counterpart of national GDP. It shows which states are pulling the national economy along and which are holding it back.

## How to read it

Billions of chained 2017 dollars at an annual rate: each quarter is scaled up to what a full year at that pace would produce. Compare quarters with each other, or use the growth series (us.state.ny.real_gdp_growth_saar) for the pace. Chained dollars of different states should not be added up exactly; they are close but not additive.

## What it does not say

It measures production in the state, not the income of the people who live there; commuters and out-of-state owners blur the two. State figures are built from national prices, so local price differences are not reflected. The Bureau of Economic Analysis revises recent quarters with each release and several years each September.

## Source

U.S. Bureau of Economic Analysis, Regional Economic Accounts, table SQGDP1 (state quarterly GDP summary), line 1, real GDP in millions of chained 2017 dollars, read through the BEA Data API. A work of the U.S. Government, public domain. Palanor stores it in billions and rewrites the full history weekly.