Source: Truth in Accounting / Bureau of Economic Analysis
Latest Data: 2021
Frequency: Annual
Amounts: Percent

The  Annual Report Liabilities / GDP shows the percentage of a government's total liabilities compared to the government's net Gross Domestic Product. For example, in 2016, Alaska's total liabilities were equal to 30.11 percent of the state's GDP. 

Annual Report Liabilities Total is the sum of all liabilities listed on the "Statement of Net Position" in the government’s Annual Financial Report. It includes liabilities of the primary government and its discretely presented component units.

Nominal GDP by state or city can be derived as the sum of the GDP originating in all the industries in a state or city without being adjusted for inflation.