US states by GDP by industry: management of companies

California had the highest GDP by industry: management of companies of 51 states in 2023, at $69.6 billion. Montana had the lowest, at $295.2 million. The median was $5.31 billion and the figure for the United States was $505.12 billion. Source: the U.S. Bureau of Economic Analysis.

Highest69,597California

Lowest295.2Montana

Median5,313.751 states

United States505,119History

Map of states, 2023

Under 1,200
1,200 to 2,900
2,900 to 5,300
5,300 to 10K
10K to 17K
17K and over

USD million, 2023. Source: BEA, SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars. Boundaries: U.S. Census Bureau cartographic boundary files.

All states, 2023

USD million. Source: BEA, SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars. Retrieved 2026-10-12.

Full ranking

Rank	States	2023 USD million	Change on 2022
1	California	69,597	+8%
2	Texas	37,729	+8.2%
3	New York	33,497.9	+2.7%
4	Pennsylvania	30,344.4	+7.2%
5	Ohio	25,532.4	+5.1%
6	Florida	25,344.1	+10.2%
7	New Jersey	20,564.6	-0.8%
8	Virginia	17,737.1	+6.8%
9	Georgia	17,174.2	+3.6%
10	North Carolina	17,084.9	+4.9%
11	Minnesota	16,493.7	-0.3%
12	Illinois	16,061.5	+3%
13	Massachusetts	14,266	+3.9%
14	Michigan	13,339.6	+1.7%
15	Wisconsin	10,548	+3.9%
16	Missouri	10,452.8	+6.3%
17	Oregon	10,434.7	+10.3%
18	Washington	10,301.2	+6.1%
19	Colorado	9,878.3	+4.2%
20	Tennessee	9,064.5	+4.3%
21	Arizona	7,696.3	+14.6%
22	Arkansas	7,366	+5.5%
23	Connecticut	7,248.2	+1.9%
24	Nevada	6,772.4	+4.5%
25	Indiana	5,783.4	+0.6%
26	Maryland	5,313.7	+5.4%
27	Kansas	4,188.1	+3.4%
28	Oklahoma	3,860.4	+5.8%
29	Iowa	3,780.3	+5.3%
30	Kentucky	3,614.7	+9.1%
31	South Carolina	3,462.2	-0.2%
32	Nebraska	3,347.5	+5.2%
33	Utah	3,185.7	+7.4%
34	Louisiana	3,050.2	+3.2%
35	Alabama	2,619.5	+6.4%
36	Maine	2,473.8	+10.7%
37	Rhode Island	2,012.8	-11.5%
38	Delaware	1,959.4	-5.5%
39	New Hampshire	1,849.1	+1.9%
40	Mississippi	1,661.5	-1.7%
41	Idaho	1,443.9	+14.3%
42	Hawaii	1,320.6	+4.5%
43	District of Columbia	1,094.6	-5.1%
44	West Virginia	930.4	+1.3%
45	South Dakota	853.4	-6.1%
46	North Dakota	692.9	+6.4%
47	New Mexico	677.2	-16.9%
48	Alaska	469.5	+6.5%
49	Vermont	354.7	+4.9%
50	Wyoming	296.5	+9.3%
51	Montana	295.2	+3.1%

Other periods

About this ranking

Value added by management of companies and enterprises (head offices and holding companies) (NAICS 55), 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 64.

Head office activity can move between states when a company relocates or restructures, so large changes between years happen. 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, Management of companies and enterprises (NAICS 55), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Bureau of Economic Analysis. (2026). SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars (US states by GDP by industry: management of companies, 2023) [Data set]. Retrieved October 12, 2026, from https://apps.bea.gov/regional/zip/SAGDP.zip

MLA 9

SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars, US states by GDP by industry: management of companies, 2023. 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-management-companies/us-states?period=2023. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Bureau of Economic Analysis. 2026. SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars. US states by GDP by industry: management of companies, 2023. Dataset. Accessed October 12, 2026. https://apps.bea.gov/regional/zip/SAGDP.zip. Also distributed by Invokely, https://invokely.ai/rankings/gdp-by-industry-management-companies/us-states?period=2023.

Harvard

U.S. Bureau of Economic Analysis (2026) SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars, US states by GDP by industry: management of companies, 2023 [Dataset]. Available at: https://apps.bea.gov/regional/zip/SAGDP.zip, via Invokely: https://invokely.ai/rankings/gdp-by-industry-management-companies/us-states?period=2023 (Accessed: 12 October 2026).

BibTeX

@misc{bureau_us_states_by_gdp_2023,
  author = {{U.S. Bureau of Economic Analysis}},
  title = {{SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars: US states by GDP by industry: management of companies, 2023}},
  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-management-companies/us-states?period=2023. Publisher attribution: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), 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, Management of companies and enterprises (NAICS 55), millions of current dollars: US states by GDP by industry: management of companies, 2023
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-management-companies/us-states?period=2023
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-by-industry-management-companies/us-states?period=2023.
N1  - Publisher attribution: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Management of companies and enterprises (NAICS 55), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.
ER  -

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Questions

Which state has the highest GDP by industry: management of companies?

California, with $69.6 billion in 2023, according to the U.S. Bureau of Economic Analysis.

Which state has the lowest GDP by industry: management of companies?

Montana, with $295.2 million in 2023.

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, Management of companies and enterprises (NAICS 55), millions of current dollars. Retrieved 2026-10-12.