As the world’s largest oil producer, the U.S. hit a historic 12.9 million barrels per day in crude oil production in 2023—more than any other country ever.

Given these tailwinds, the top five fastest-growing states by real GDP in 2023 were all powered by the mining, quarrying, and oil and gas extraction sector.

Below, we show the strongest state economies by real GDP growth last year:

Hat tip to Visual Capitalist for the graphic and the idea on dinosaur juice.

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Legacy Wealth Management