The real GDP of Maryland amounted to around 423 billion U.S. dollars in 2023. In that year, the construction industry added 20.61 billion chained 2017 U.S. dollars of value to the total state GDP. The government and government enterprise industry was the greatest contributor to GDP in that year.
Real value added to the gross domestic product of Maryland in the United States in 2023, by industry
(in million chained 2017 U.S. dollars)
Industry
Real value added in million chained (2017) U.S. dollars
Government and government enterprises
86.29
Finance, insurance, real estate, rental, and leasing
81.92
Professional and business services
72.42
Educational services, health care, and social assistance
39.56
Information
25.26
Manufacturing
23.28
Retail trade
22.01
Construction
20.61
Wholesale trade
15.94
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (September 27, 2024). Real value added to the gross domestic product of Maryland in the United States in 2023, by industry (in million chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/590102/maryland-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of Maryland in the United States in 2023, by industry (in million chained 2017 U.S. dollars)." Chart. September 27, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/590102/maryland-real-gdp-by-industry/
BEA. (2024). Real value added to the gross domestic product of Maryland in the United States in 2023, by industry (in million chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/590102/maryland-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of Maryland in The United States in 2023, by Industry (in Million Chained 2017 U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/590102/maryland-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of Maryland in the United States in 2023, by industry (in million chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/590102/maryland-real-gdp-by-industry/ (last visited December 23, 2024)
Real value added to the gross domestic product of Maryland in the United States in 2023, by industry (in million chained 2017 U.S. dollars) [Graph], BEA, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/590102/maryland-real-gdp-by-industry/
