U.S. GDP RANK #12 · MA 2.65% OF U.S. GDP
Massachusetts Economy: GDP, Income, Jobs & Housing
In 2025, Massachusetts (MA) generated $813.6 billion in nominal Gross Domestic Product (2.65% of the U.S. economy, ranked #12 nationwide) and $640.8 billion in real chained 2017 dollars. Per-capita personal income stood at $98,700 across a resident population of 7.15 million.
2025 Nominal GDP
$813.6B
U.S. Rank #12
Real GDP Growth
+1.34% 5Y Real: +14.7%
Per-Capita Income $98,700 BEA Personal Income
Avg Wage / Job $98,028 5.02M total jobs
Population 7.15M
10Y: +4.2%
5Y Home Price
+51.8% FHFA Index: 1,284.6
BEA & FHFA REGIONAL SERIES · 1997-2025
Massachusetts GDP, Per-Capita Income & House Price Trajectory
Massachusetts Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $813.6B | $640.8B | 1.34% | $98,700 | $98,028 | 5.02M | 1,284.6 |
| 2024 | $781.3B | $632.3B | 2.75% | $94,747 | $94,119 | 5.01M | 1,226.3 |
| 2023 | $736.6B | $615.4B | 0.87% | $90,713 | $89,722 | 5.00M | 1,147.7 |
| 2022 | $696.8B | $610.1B | 2.23% | $85,458 | $88,082 | 4.94M | 1,081.3 |
| 2021 | $649.9B | $596.8B | 6.87% | $84,192 | $85,785 | 4.78M | 953.5 |
| 2020 | $590.8B | $558.4B | -1.39% | $77,608 | $81,406 | 4.60M | 846.4 |
| 2019 | $588.0B | $566.3B | 3.10% | $72,392 | $73,717 | 4.87M | 806.6 |
| 2018 | $559.6B | $549.3B | 3.61% | $69,202 | $70,966 | 4.86M | 772.9 |
| 2017 | $530.1B | $530.1B | 1.62% | $66,079 | $68,505 | 4.78M | 734.4 |
| 2016 | $514.1B | $521.7B | 1.41% | $63,487 | $66,063 | 4.71M | 696.9 |
| 2015 | $497.8B | $514.4B | 3.66% | $61,549 | $65,230 | 4.63M | 664.5 |
| 2014 | $469.8B | $496.3B | 1.90% | $58,132 | $62,682 | 4.45M | 636.4 |
| 2013 | $452.6B | $487.0B | 0.77% | $56,118 | $60,418 | 4.35M | 610.5 |
| 2012 | $441.4B | $483.3B | 2.25% | $56,259 | $59,551 | 4.25M | 597.0 |
| 2011 | $423.7B | $472.7B | 2.24% | $54,758 | $58,604 | 4.18M | 599.0 |
| 2010 | $409.3B | $462.3B | 4.76% | $52,706 | $56,779 | 4.12M | 610.2 |
| 2009 | $389.0B | $441.3B | -1.39% | $50,750 | $55,227 | 4.12M | 622.0 |
| 2008 | $387.9B | $447.5B | 1.62% | $51,546 | $55,727 | 4.22M | 651.5 |
| 2007 | $378.0B | $440.4B | 3.15% | $49,662 | $54,158 | 4.20M | 688.4 |
| 2006 | $358.4B | $426.9B | 2.36% | $47,311 | $51,432 | 4.11M | 711.6 |
| 2005 | $340.6B | $417.1B | 2.25% | $44,061 | $49,084 | 4.07M | 706.3 |
| 2004 | $324.9B | $407.9B | 2.72% | $42,242 | $47,847 | 4.03M | 645.7 |
| 2003 | $309.7B | $397.1B | 2.22% | $40,158 | $45,241 | 3.99M | 580.3 |
| 2002 | $299.9B | $388.5B | 0.07% | $39,419 | $43,910 | 4.02M | 529.5 |
| 2001 | $294.9B | $388.2B | 1.46% | $39,711 | $43,919 | 4.08M | 472.1 |
| 2000 | $287.1B | $382.6B | 8.13% | $38,381 | $43,275 | 4.07M | 421.2 |
| 1999 | $262.9B | $353.8B | 5.46% | $34,767 | $39,413 | 3.96M | 368.0 |
| 1998 | $247.7B | $335.5B | 4.07% | $32,767 | $36,883 | 3.90M | 333.3 |
| 1997 | $236.4B | $322.4B | - | $31,026 | $34,858 | 3.80M | 311.6 |