GDP
Connecticut produced roughly $317 billion in economic output in 2023, powered by finance, insurance and aerospace manufacturing.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED CTRGSP).
| Indicator | Connecticut | U.S. |
|---|---|---|
| GDP (USD B) | 317 | 29200 |
- •Hartford is known as the Insurance Capital of the World.
- •Connecticut has one of the highest levels of GDP per capita in the nation.
GDP Growth
Connecticut's real GDP grew 1.8% in 2023, compared to 2.5% nationally.
Real GDP growth
1998–2025Annual % change in BEA real GDP (CTRGSP).
| Indicator | Connecticut | U.S. |
|---|---|---|
| GDP Growth Rate | 1.8 | 2.5 |
- •Connecticut's GDP growth reflects performance in finance and insurance, a key state industry.
Personal Income
Connecticut's median household income was $90,213 in 2023, according to Census ACS data.
Per capita personal income
1970–2025BEA, current dollars (FRED CTPCPI).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Median Household Income | 90213 | 77719 |
- •Personal income growth in Connecticut is closely tied to trends in finance and insurance.
Median Household Income
Median household income in Connecticut is about $90,213, one of the highest in the country, though inequality between Fairfield County and the cities is stark.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSCTA646N).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Median household income (USD) | 90213 | 78538 |
Poverty Rate
Connecticut's poverty rate was 10.1% in 2023, compared to 12.5% nationally.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAACT09000A156NCEN).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Poverty Rate | 10.1 | 12.5 |
- •Poverty rates in Connecticut vary significantly between urban and rural counties.
Inflation
Consumer prices in the New York–Northern New Jersey area covering Connecticut rose about 3.1% year over year.
CPI inflation, Northeast region
2007–2025BLS CPI-U all items, Northeast region, annual average change (CUUR0100SA0).
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Inflation (%) | 3.1 | 2.9 |
Economic Output
Connecticut's economy produced approximately $317.9 billion in real GDP in 2023, according to the BEA.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED CTNGSP).
- •Finance and insurance is one of the largest contributors to Connecticut's state economy.
Industry Breakdown
Finance and insurance represents the largest sector of Connecticut's $317.9 billion economy.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED CTGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED CTMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED CTCONS).
- •Connecticut has developed a distinct industrial specialization in finance and insurance relative to neighboring states.