Washington - Gross domestic product in current prices

761,414.9 (million US dollars) in 2023Q1

In 1st quarter 2023, GDP for Washington was 761,414.9 million US dollars. Between 2nd quarter 2013 and 1st quarter 2023, GDP of Washington grew substantially from 414,997.5 to 761,414.9 million US dollars rising at an increasing annual rate that reached a maximum of 9.38% in 3rd quarter 2020 and then decreased to -0.99% in 1st quarter 2023.

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What is GDP?

Gross state product (GSP). A measurement of a state's output; it is the sum of value added from all industries in the state. GSP is the state counterpart to the Nation's gross domestic product (GDP). Value added. The gross output of an industry or a sector less its intermediate inputs; the contribution of an industry or sector to gross domestic product (GDP). Value added by industry can also be measured as the sum of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

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What is Washington GDP?