US total debt is $102 trillion: Here's how much each state government owes, produces, and collects

 

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The United States' total debt has surged past the $102 trillion mark, with the federal debt alone comprising $32.7 trillion. Incorporated into this massive sum is the cumulative debt of individual states, amassing more than $1.2 trillion. To present a holistic view of each state's economic health, let's consider several key metrics. Using data from usdebtclock.org, here is a detailed breakdown ranking states (highest to lowest) by:

• Total Debt:
• This represents a state's accumulated financial obligations from bonds, loans, and other borrowings. High debt can result in increased interest payments and potential fund diversions from essential services. States with lower debts tend to have greater financial agility.
• GDP (Gross Domestic Product):
• GDP measures the value of goods and services produced within a state annually. It acts as a barometer for a state's economic health. Rising GDP indicates a thriving economy, while a declining one signals potential economic challenges.
• In-State Revenue:
• This encompasses money generated within a state, primarily from taxes, licenses, and fees. It's essential for supporting public services. Consistent or increasing in-state revenue showcases a state's ability to fund these services without excessive borrowing.
• Debt-to-GDP Ratio:
• This ratio compares a state's debt to its GDP, reflecting how much of its economic activity is used to service debt. A high ratio might suggest potential unsustainability, while a low ratio indicates a more balanced economic stance.

Total State Debt - In Billions $

1. California - $578.7
2. New York - $402.8
3. Texas - $382.8
4. Illinois - $155
5. Pennsylvania - $140.7
6. Florida - $139.6
7. Ohio - $109.3
8. Michigan - $105.7
9. Massachusetts - $103.2
10. New Jersey - $95.3
11. Washington - $94.8
12. Virginia - $79.3
13. Colorado - $77.4
14. Georgia - $71.5
15. Minnesota - $69.2
16. Maryland - $66.4
17. Tennessee - $64.1
18. Indiana - $58.8
19. Kentucky - $55
20. Connecticut - $53.9
21. Missouri - $52.7
22. North Carolina - $50.9
23. Wisconsin - $50.8
24. Oregon - $46.1
25. Alabama - $45.2
26. Arizona - $43.6
27. South Carolina - $41
28. Kansas - $33.1
29. Nevada - $31.3
30. Louisiana - $28.9
31. Iowa - $23.7
32. Utah - $23.7
33. Arkansas - $22.9
34. Oklahoma - $19.5
35. Nebraska - $18.6
36. West Virginia - $18.3
37. New Mexico - $17.2
38. Hawaii - $16.6
39. Mississippi - $15.3
40. Rhode Island - $13.2
41. New Hampshire - $10.3
42. North Dakota - $10.7
43. Maine - $10.1
44. Alaska - $9.5
45. Delaware - $9
46. South Dakota - $7.7
47. Idaho - $6.4
48. Montana - $6.7
49. Vermont - $4.9
50. Wyoming - $2.5

GDP of Each State

(Top 5 in trillions, the rest in billions)

1. California - $3.7T
2. Texas - $2.2T
3. New York - $2T
4. Florida - $1.3T
5. Illinois - $1T
6. Pennsylvania - $917.5
7. Ohio - $804.5
8. Georgia - $753
9. Washington - $740.1
10. New Jersey - $733.9
11. North Carolina - $729.6
12. Massachusetts - $698.6
13. Virginia - $641.4
14. Michigan - $629.5
15. Tennessee - $474.6
16. Indiana - $472
17. Maryland - $471.2
18. Colorado - $467
19. Minnesota - $455.9
20. Arizona - $454.1
21. Wisconsin - $398.6
22. Missouri - $395.1
23. Connecticut - $320.1
24. South Carolina - $298.9
25. Oregon - $293.5
26. Louisiana - $278.3
27. Alabama - $270.3
28. Kentucky - $259.6
29. Iowa - $249.4
30. Utah - $246.4
31. Oklahoma - $228.2
32. Nevada - $218.4
33. Kansas - $212
34. Nebraska - $169.9
35. Arkansas - $160.3
36. Mississippi - $138
37. New Mexico - $120.8
38. New Hampshire - $110.4
39. Idaho - $106.4
40. West Virginia - $101
41. Hawaii - $98.3
42. Delaware - $86.6
43. Maine - $83.8
44. North Dakota - $73.4
45. Rhode Island - $72.1
46. South Dakota - $68.6
47. Montana - $68.5
48. Alaska - $60.8
49. Wyoming - $47.7
50. Vermont - $39.3

In-State Revenue - In Billions $

1. California - $630.5
2. New York - $302.6
3. Texas - $229
4. Florida - $162.1
5. Illinois - $128.1
6. Pennsylvania - $112.6
7. Ohio - $112.3
8. New Jersey - $101.7
9. Washington - $94.7
10. North Carolina - $90.4
11. Georgia - $85.3
12. Michigan - $85.2
13. Virginia - $76.6
14. Minnesota - $70.4
15. Massachusetts - $68.9
16. Colorado - $68.2
17. Wisconsin - $66.8
18. Maryland - $55.2
19. Tennessee - $51.9
20. Indiana - $50.5
21. Oregon - $47.8
22. Arizona - $47
23. Connecticut - $46.5
24. Missouri - $45.3
25. Utah - $39.7
26. Alabama - $38
27. South Carolina - $37.6
28. Iowa - $33.1
29. Kentucky - $30.3
30. Louisiana - $29.5
31. Kansas - $27.5
32. Oklahoma - $26.9
33. Nevada - $26.8
34. Arkansas - $21.5
35. Nebraska - $21.4
36. Mississippi - $20.3
37. New Mexico - $17.2
38. Hawaii - $16
39. Idaho - $13
40. West Virginia - $11.3
41. Maine - $10.7
42. New Hampshire - $9.5
43. Delaware - $9.1
44. Montana - $8.6
45. Rhode Island - $8.5
46. North Dakota - $8
47. Alaska - $6.9
48. Wyoming - $6.7
49. South Dakota - $5.4
50. Vermont - $5.2

Debt-to-GDP Ratio

1. Kentucky - 21.77%
2. New York - 20.21%
3. Rhode Island - 18.58%
4. West Virginia - 18.47%
5. Texas - 17.45%
6. Hawaii - 17.16%
7. Connecticut - 17.04%
8. Michigan - 17.03%
9. Alabama - 16.96%
10. Colorado - 16.79%
11. Alaska - 15.93%
12. Oregon - 15.92%
13. Kansas - 15.86%
14. California - 15.62%
15. Pennsylvania - 15.53%
16. Minnesota - 15.39%
17. Illinois - 15.22%
18. Massachusetts - 14.96%
19. North Dakota - 14.87%
20. Nevada - 14.57%
21. Arkansas - 14.51%
22. New Mexico - 14.44%
23. Maryland - 14.26%
24. South Carolina - 13.90%
25. Ohio - 13.76%
26. Tennessee -13.74%
27. Missouri -13.51%
28. New Jersey - 13.14%
29. Washington - 12.98%
30. Wisconsin - 12.90%
31. Vermont - 12.81%
32. Indiana - 12.65%
33. Virginia - 12.51%
34. Maine - 12.26%
35. South Dakota - 11.45%
36. Mississippi - 11.25%
37. Nebraska - 11.15%
38. Delaware - 10.55%
39. Louisiana - 10.50%
40. Florida - 10.37%
41. Montana - 10.02%
42. Utah - 9.80%
43. Arizona - 9.74%
44. Iowa - 9.67%
45. Georgia - 9.63%
46. New Hampshire - 9.51%
47. Oklahoma - 8.68%
48. North Carolina - 7.08%
49. Idaho - 6.16%
50. Wyoming - 5.50%