Louisiana - Gross domestic product in current prices

289,945.1 (million US dollars) in 2023Q1

Louisiana GDP was at level of 289,945.1 million US dollars in 1st quarter 2023, down from 299,221 million US dollars previous quarter, this is a change of 3.10%.

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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 Louisiana GDP?