Real estate industry top 10 states by GDP
Email Bookmark Share
PrintThe top 10 state economies with the largest contribution to the real estate industry GDP, according to data from the U.S. Department of Commerce, are listed below. Due to the sheer size of their economies, this list is dominated by the largest state economies in the United States.
Leading the list is California's economy. California contributed $308.7 billion worth of real estate output in 2008. This was 17.3% of the real estate output of the United States.
Since 2000, California's real estate industry has grown 6.26% annually. California's real estate output was 16.7% of California's economy and the real estate industry is the largest industry in California.
Coming in second is New York with an output of $176 billion. This was 9.9% of the real estate output of the United States. Since 2000, New York's real estate industry has grown 6.37% annually. New York's real estate output was 15.4% of New York's economy and the real estate industry is the 2nd largest industry in New York.
Coming in third is Florida with an output of $134 billion. This was 7.5% of the real estate output of the United States. Since 2000, Florida's real estate industry has grown 8.26% annually. Florida's real estate output was 18% of Florida's economy and is ranked the largest industry in Florida.
Real estate industry top 10 states in 2008
| Real estate gross domestic product in $ billions | |||
| Rank | State | GDP | Percentage of U.S. |
|---|---|---|---|
| 1 | California | $308.7 | 17.3% |
| 2 | New York | $176 | 9.9% |
| 3 | Florida | $134 | 7.5% |
| 4 | Texas | $104.6 | 5.9% |
| 5 | Illinois | $79.2 | 4.4% |
| 6 | New Jersey | $74.4 | 4.2% |
| 7 | Pennsylvania | $65.3 | 3.7% |
| 8 | Massachusetts | $51.8 | 2.9% |
| 9 | Virginia | $50.3 | 2.8% |
| 10 | Ohio | $46.7 | 2.6% |
