U.S. GDP RANK #11 · NJ 2.89% OF U.S. GDP
New Jersey Economy: GDP, Income, Jobs & Housing
In 2025, New Jersey (NJ) generated $887.8 billion in nominal Gross Domestic Product (2.89% of the U.S. economy, ranked #11 nationwide) and $688.8 billion in real chained 2017 dollars. Per-capita personal income stood at $89,720 across a resident population of 9.55 million.
2025 Nominal GDP
$887.8B
U.S. Rank #11
Real GDP Growth
+2.01% 5Y Real: +15.0%
Per-Capita Income $89,720 BEA Personal Income
Avg Wage / Job $85,895 6.10M total jobs
Population 9.55M
10Y: +5.2%
5Y Home Price
+65.9% FHFA Index: 920.1
BEA & FHFA REGIONAL SERIES · 1997-2025
New Jersey GDP, Per-Capita Income & House Price Trajectory
New Jersey Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $887.8B | $688.8B | 2.01% | $89,720 | $85,895 | 6.10M | 920.1 |
| 2024 | $846.6B | $675.2B | 3.25% | $85,526 | $82,943 | 6.06M | 860.7 |
| 2023 | $797.9B | $653.9B | 0.64% | $81,654 | $80,256 | 5.99M | 785.0 |
| 2022 | $759.5B | $649.8B | 2.96% | $77,470 | $78,206 | 5.88M | 722.0 |
| 2021 | $694.5B | $631.1B | 5.41% | $76,391 | $75,839 | 5.59M | 624.4 |
| 2020 | $632.9B | $598.8B | -3.21% | $70,476 | $73,329 | 5.32M | 554.5 |
| 2019 | $643.3B | $618.6B | 1.94% | $67,532 | $66,919 | 5.57M | 529.3 |
| 2018 | $619.3B | $606.9B | 2.85% | $64,213 | $65,265 | 5.55M | 511.1 |
| 2017 | $590.1B | $590.1B | 0.52% | $61,717 | $63,668 | 5.45M | 496.6 |
| 2016 | $578.7B | $587.0B | 0.97% | $59,791 | $62,342 | 5.39M | 487.1 |
| 2015 | $565.8B | $581.4B | 1.88% | $58,424 | $61,797 | 5.30M | 475.3 |
| 2014 | $543.8B | $570.7B | -0.04% | $56,384 | $59,984 | 5.21M | 463.1 |
| 2013 | $534.2B | $571.0B | 1.82% | $54,381 | $58,811 | 5.13M | 453.3 |
| 2012 | $516.1B | $560.7B | 2.23% | $54,249 | $57,907 | 5.05M | 451.9 |
| 2011 | $494.3B | $548.5B | -1.13% | $52,871 | $56,735 | 5.02M | 464.4 |
| 2010 | $491.2B | $554.8B | 1.54% | $50,975 | $55,553 | 4.96M | 483.7 |
| 2009 | $481.5B | $546.4B | -4.68% | $49,838 | $54,357 | 4.99M | 501.1 |
| 2008 | $493.3B | $573.2B | 2.21% | $51,606 | $54,508 | 5.12M | 538.4 |
| 2007 | $474.5B | $560.8B | 1.01% | $50,133 | $53,067 | 5.13M | 569.6 |
| 2006 | $457.7B | $555.2B | 1.62% | $47,366 | $50,910 | 5.06M | 570.2 |
| 2005 | $436.1B | $546.4B | 1.90% | $44,238 | $48,763 | 4.99M | 524.6 |
| 2004 | $415.5B | $536.2B | 1.20% | $42,825 | $47,321 | 4.91M | 453.1 |
| 2003 | $400.0B | $529.8B | 2.33% | $41,167 | $45,676 | 4.83M | 394.2 |
| 2002 | $385.0B | $517.8B | 1.59% | $40,454 | $44,402 | 4.79M | 356.1 |
| 2001 | $372.8B | $509.6B | 1.14% | $40,189 | $43,612 | 4.78M | 317.7 |
| 2000 | $360.5B | $503.9B | 5.46% | $39,095 | $42,959 | 4.75M | 289.1 |
| 1999 | $335.0B | $477.8B | 3.60% | $35,854 | $40,500 | 4.57M | 265.3 |
| 1998 | $318.1B | $461.2B | 1.58% | $34,580 | $38,902 | 4.50M | 252.6 |
| 1997 | $307.1B | $454.1B | - | $32,705 | $36,881 | 4.41M | 242.3 |