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D56=SAGDP2(line 56)
Real estate by state
Real estate and rental and leasing added $4.23 trillion to US GDP in 2025 — 13.7% of the total. States are ranked by the industry’s share of their economy.
BEA line 56 · NAICS13.7% of US GDP+45% since 2020
| # | State | Value added | Share | 5-year change | |
|---|---|---|---|---|---|
| 1 | Florida | $372.9B | 20.7% | +66% | |
| 2 | Arizona | $100.0B | 16.9% | +61% | |
| 3 | Hawaii | $20.6B | 16.7% | +29% | |
| 4 | Colorado | $90.8B | 15.8% | +51% | |
| 5 | New Jersey | $140.0B | 15.8% | +36% | |
| 6 | Maryland | $88.7B | 15.6% | +38% | |
| 7 | South Carolina | $59.0B | 15.6% | +61% | |
| 8 | Maine | $15.6B | 15.3% | +32% | |
| 9 | Nevada | $42.6B | 15.1% | +56% | |
| 10 | Oregon | $51.7B | 15.1% | +39% | |
| 11 | Idaho | $20.3B | 14.8% | +69% | |
| 12 | Vermont | $7.3B | 14.6% | +50% | |
| 13 | Montana | $11.8B | 14.6% | +57% | |
| 14 | New York | $351.8B | 14.3% | +43% | |
| 15 | Delaware | $17.2B | 14.1% | +18% | |
| 16 | Georgia | $132.2B | 14.1% | +45% | |
| 17 | Virginia | $113.9B | 14.1% | +48% | |
| 18 | Massachusetts | $114.7B | 14.1% | +42% | |
| 19 | Utah | $44.8B | 14.0% | +71% | |
| 20 | New Hampshire | $18.0B | 14.0% | +32% | |
| 21 | California | $598.9B | 13.9% | +39% | |
| 22 | Rhode Island | $12.3B | 13.9% | +36% | |
| 23 | Michigan | $100.6B | 13.7% | +37% | |
| 24 | Connecticut | $50.2B | 13.1% | +23% | |
| 25 | Wyoming | $6.8B | 13.0% | +49% | |
| 26 | Washington | $114.7B | 12.9% | +45% | |
| 27 | Illinois | $159.0B | 12.8% | +37% | |
| 28 | Pennsylvania | $135.0B | 12.8% | +36% | |
| 29 | Texas | $373.1B | 12.7% | +54% | |
| 30 | North Carolina | $113.7B | 12.7% | +56% | |
| 31 | Missouri | $60.3B | 12.7% | +51% | |
| 32 | Tennessee | $74.1B | 12.6% | +60% | |
| 33 | Minnesota | $65.0B | 12.6% | +45% | |
| 34 | Mississippi | $20.0B | 12.3% | +40% | |
| 35 | Alabama | $41.3B | 12.2% | +50% | |
| 36 | Ohio | $119.1B | 12.2% | +48% | |
| 37 | Wisconsin | $57.1B | 11.9% | +45% | |
| 38 | New Mexico | $18.1B | 11.9% | +41% | |
| 39 | Kansas | $26.4B | 11.4% | +15% | |
| 40 | Kentucky | $35.2B | 11.2% | +44% | |
| 41 | Arkansas | $21.7B | 11.1% | +43% | |
| 42 | Louisiana | $37.4B | 10.9% | +28% | |
| 43 | Indiana | $58.6B | 10.8% | +43% | |
| 44 | Oklahoma | $29.2B | 10.6% | +34% | |
| 45 | West Virginia | $11.2B | 10.1% | +25% | |
| 46 | Alaska | $7.2B | 9.8% | +34% | |
| 47 | South Dakota | $8.0B | 9.7% | +48% | |
| 48 | North Dakota | $7.6B | 9.2% | +31% | |
| 49 | District of Columbia | $17.2B | 8.9% | +38% | |
| 50 | Iowa | $23.9B | 8.8% | +26% | |
| 51 | Nebraska | $17.6B | 8.5% | +35% |
BEA SAGDP2, current dollars, 2025. US share: 13.7%.
1,9972,0582,1202,2152,2742,3382,4202,5252,6832,8062,9153,1533,4723,7474,0034,234
201020122014201620182020202220242025
Metro areas most dependent on real estate
Metro areas with at least 250,000 residents, share of metro GDP in 2024.