US states by GDP by industry: finance and insurance
New York had the highest GDP by industry: finance and insurance of 51 states in 2020, at $368.95 billion. Wyoming had the lowest, at $1.22 billion. The median was $19.4 billion and the figure for the United States was $1.72 trillion. Source: the U.S. Bureau of Economic Analysis.
Map of states, 2020
- Under 4,000
- 4,000 to 10K
- 10K to 19K
- 19K to 29K
- 29K to 55K
- 55K and over
All states, 2020
Full ranking
| Rank | States | 2020 | Change on 2019 |
|---|---|---|---|
| 1 | New York | 368,946.8 | +8.8% |
| 2 | California | 154,991.2 | +7.1% |
| 3 | Texas | 109,952.9 | +7.2% |
| 4 | Ohio | 81,423.3 | +1.5% |
| 5 | Illinois | 80,774.1 | -11.6% |
| 6 | Florida | 69,921.7 | +6.6% |
| 7 | Pennsylvania | 57,522.3 | +2% |
| 8 | North Carolina | 56,753.3 | +3.9% |
| 9 | Massachusetts | 56,456.1 | +8.9% |
| 10 | Georgia | 51,112.7 | -2.9% |
| 11 | New Jersey | 42,087.4 | +11.2% |
| 12 | Connecticut | 40,176 | -1.8% |
| 13 | Minnesota | 33,879.9 | +1.8% |
| 14 | Virginia | 33,570.7 | +5.3% |
| 15 | Arizona | 30,241.9 | +10.9% |
| 16 | Wisconsin | 29,846.6 | +0.6% |
| 17 | Iowa | 29,516.7 | +4.2% |
| 18 | Michigan | 29,481 | +5.3% |
| 19 | Missouri | 27,168.1 | +8.6% |
| 20 | Tennessee | 23,714.4 | +5.6% |
| 21 | Washington | 23,642.3 | +7.8% |
| 22 | Colorado | 23,441 | +4.4% |
| 23 | Indiana | 21,833.7 | -8.5% |
| 24 | Delaware | 21,200.8 | +0.7% |
| 25 | Maryland | 20,311.2 | -10.4% |
| 26 | Utah | 19,404.1 | -1.3% |
| 27 | Nebraska | 17,406 | +6.7% |
| 28 | Alabama | 12,684.3 | -3.2% |
| 29 | Kentucky | 12,608.2 | +1.6% |
| 30 | Oregon | 12,151.5 | +2.8% |
| 31 | Louisiana | 12,040.9 | +5.2% |
| 32 | South Carolina | 11,723.7 | +5.1% |
| 33 | Nevada | 10,394.9 | -0.3% |
| 34 | South Dakota | 10,231.6 | -5.3% |
| 35 | Kansas | 9,963 | +11.9% |
| 36 | Oklahoma | 7,857.6 | +0.2% |
| 37 | New Hampshire | 7,546.1 | -0.9% |
| 38 | Arkansas | 7,350.3 | +4.2% |
| 39 | District of Columbia | 6,720.5 | +1% |
| 40 | Rhode Island | 6,391.6 | -5.3% |
| 41 | Mississippi | 6,029.4 | +7.1% |
| 42 | Maine | 4,972.5 | +5.8% |
| 43 | Idaho | 4,207.1 | +9.2% |
| 44 | Hawaii | 3,832.6 | +9% |
| 45 | New Mexico | 3,815.4 | +8.5% |
| 46 | North Dakota | 3,158.8 | +1.8% |
| 47 | West Virginia | 2,897.7 | -2.3% |
| 48 | Montana | 2,889.8 | +8.7% |
| 49 | Vermont | 2,026.4 | +1.4% |
| 50 | Alaska | 1,326.5 | -7.8% |
| 51 | Wyoming | 1,219.5 | +4.8% |
Other periods
About this ranking
Value added by finance and insurance (NAICS 52), the industry's contribution to gross domestic product (GDP), in millions of current US dollars. United States and states: Bureau of Economic Analysis GDP by state, table SAGDP2, line 51.
Millions of current US dollars, not adjusted for inflation; for real growth of the whole economy use gdp_growth. Industries are the sectors of the 2017 North American Industry Classification System (NAICS), counted where production takes place. The 20 sector values of a place add up to its gdp_usd, apart from rounding. BEA leaves out values that would disclose a single company, marked (D), and values below $50,000, marked (L); they are missing here, not zero.
Every value in the ranking comes from the same publisher and the same period, so the states are compared on one definition. Equal values share a rank.
How to cite
U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.Citation styles
APA 7
U.S. Bureau of Economic Analysis. (2026). SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars (US states by GDP by industry: finance and insurance, 2020) [Data set]. Retrieved October 12, 2026, from https://apps.bea.gov/regional/zip/SAGDP.zip
MLA 9
SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars, US states by GDP by industry: finance and insurance, 2020. U.S. Bureau of Economic Analysis, 30 Sept. 2026, https://apps.bea.gov/regional/zip/SAGDP.zip. Invokely, https://invokely.ai/rankings/gdp-by-industry-finance-insurance/us-states?period=2020. Accessed 12 Oct. 2026.
Chicago (author-date)
U.S. Bureau of Economic Analysis. 2026. SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars. US states by GDP by industry: finance and insurance, 2020. Dataset. Accessed October 12, 2026. https://apps.bea.gov/regional/zip/SAGDP.zip. Also distributed by Invokely, https://invokely.ai/rankings/gdp-by-industry-finance-insurance/us-states?period=2020.
Harvard
U.S. Bureau of Economic Analysis (2026) SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars, US states by GDP by industry: finance and insurance, 2020 [Dataset]. Available at: https://apps.bea.gov/regional/zip/SAGDP.zip, via Invokely: https://invokely.ai/rankings/gdp-by-industry-finance-insurance/us-states?period=2020 (Accessed: 12 October 2026).
BibTeX
@misc{bureau_us_states_by_gdp_2020,
author = {{U.S. Bureau of Economic Analysis}},
title = {{SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars: US states by GDP by industry: finance and insurance, 2020}},
year = {2026},
howpublished = {Data set},
url = {https://apps.bea.gov/regional/zip/SAGDP.zip},
urldate = {2026-10-12},
note = {Accessed via Invokely, https://invokely.ai/rankings/gdp-by-industry-finance-insurance/us-states?period=2020. Publisher attribution: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.},
}
RIS
TY - DATA
AU - U.S. Bureau of Economic Analysis
TI - SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars: US states by GDP by industry: finance and insurance, 2020
PY - 2026
DA - 2026/09/30
PB - U.S. Bureau of Economic Analysis
DB - Invokely
UR - https://apps.bea.gov/regional/zip/SAGDP.zip
L2 - https://invokely.ai/rankings/gdp-by-industry-finance-insurance/us-states?period=2020
Y2 - 2026/10/12
N1 - Accessed via Invokely, https://invokely.ai/rankings/gdp-by-industry-finance-insurance/us-states?period=2020.
N1 - Publisher attribution: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.
ER -
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Rank US states by GDP by industry: finance and insurance using official data, and cite the source.
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Which state has the highest GDP by industry: finance and insurance?
New York, with $368.95 billion in 2020, according to the U.S. Bureau of Economic Analysis.
Which state has the lowest GDP by industry: finance and insurance?
Wyoming, with $1.22 billion in 2020.
Where does this ranking come from?
Every value comes from one source and one period, so the places are comparable: U.S. Bureau of Economic Analysis, SAGDP2: gross domestic product (GDP) by state, Finance and insurance (NAICS 52), millions of current dollars. Retrieved 2026-10-12.
US states: more rankings
- GDP by industry: management of companies
- Gross domestic product (GDP), US dollars
- GDP by industry: manufacturing
- GDP by industry: administrative support and waste management
- Nonemployer businesses: utilities
- Labor force participation rate (US five-year survey estimate)
- Business revenue: information (Economic Census)
- Business revenue: other services (Economic Census)