The U.S. economy demonstrated notable resilience in 2023, with GDP growth reaching 2.9%, surpassing the global growth of 2.8% and higher income nations at 1.8%. This expansion reflects various economic factors, including technological advances, rising productivity, and an expanding labor force, which contribute to lower unemployment and improved living standards. All states reported GDP growth, showcasing widespread economic improvement, although some states experienced significantly higher growth than the national average, highlighting regional differences in economic performance.
The U.S. economy's resilience is evident as it outperformed global peers with a GDP growth of 2.9% in 2023, surpassing the global rate of 2.8%.
All states reported GDP growth in 2023, highlighting that economic progress in the U.S. is widespread, with some states achieving significantly higher growth.
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