U.S. Census Bureau
| [hide]Total fiscal year 2015 state debt, U.S. Census Bureau | ||
|---|---|---|
| State | Total state debt | State debt per capita |
| Maryland | $26,592,571,000 | $4,436 |
| Delaware | $4,964,915,000 | $5,259 |
| Pennsylvania | $47,052,095,000 | $3,678 |
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Which US state is the most in debt?
In 2019, the federal state of California had about 506.66 billion U.S. dollars of debt outstanding, the most out of any state.
How much money does Maryland have?
In 2021, Maryland’s Gross Domestic Product (GDP) was $438.2 billion, up from $410.7 billion in 2020. The largest sector in 2021 was government, followed by finance, insurance, and real estate, and then professional and business services. Maryland’s economy continues to outperform the country as a whole.
How much is each state in debt?
| State | State Debt | Gross State Product |
|---|---|---|
| California | $146.7 | $3,571.7 |
| Colorado | $22.3 | $445.7 |
| Connecticut | $41.3 | $308.1 |
| Delaware | $5.3 | $83.6 |
Where does Maryland get its money?
The individual income tax, retail sales tax, and State Lottery are the three largest sources of general fund revenue. Other sources include the corporate income tax and other business taxes, alcohol and tobacco taxes, and miscellaneous taxes and fees.
What state is least in debt?
States with the Least Debt
- Texas. Texas has the lowest debt of any state in the U.S. Alaska’s total liabilities add up to $222.64 billion, and its total assets add up to $356.01 billion, giving Texas the highest net position in the country of $115.08 billion.
- Florida.
- Alaska.
- North Carolina.
- Tennessee.
What states are in financial trouble?
| Rank | State | Eaton Vance’s Comments |
|---|---|---|
| 1 | Idaho | Strong financial position, revenue growth of 8% in fiscal-year 2020 |
| 2 | Wyoming | Largest rainy day fund as % of government revenue |
| 3 | South Dakota | Good reserves and strong budget management including fiscal-year 2020 surplus |
| 4 | Utah | Strong historical job and population growth |
What is Maryland’s biggest industry?
Maryland’s leading industries by employment are health care and social assistance, state and local government, retail trade, and professional and technical services. Maryland’s Gross State Product (GSP) was $295.4 billion in 2010.
How wealthy is Baltimore city?
Baltimore-Columbia-Towson, Md.
Even with a median annual household income of $76,788, the Baltimore metro area’s income — which is 14th highest of U.S. metro areas — falls below its home state median income. Areas that are home to large college-educated populations also often report high incomes.
Where do Maryland tax dollars go?
Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
How much is Texas in debt?
As of August 31, 2021 Texas had a total of $63.21 billion in state debt outstanding, including both general obligation and revenue debt. Texas’ general obligation debt is rated at Aaa/AAA/AAA/AAA by the credit rating agencies, Moody’s Investors Service, Standard & Poor’s, Fitch Ratings and Kroll.
How much is New York’s debt?
In the fiscal year of 2021, New York’s state debt stood at about 160.65 billion U.S. dollars. By the fiscal year of 2027, this is projected to increase to 202.65 billion U.S. dollars.
Why is Maryland the Free State?
The name “Free State” was given in 1919, when Congress passed a law prohibiting the sale and use of alcohol. Marylanders opposed prohibition because they believed it violated their state’s rights. The “Free State” nickname also represents Maryland’s long tradition of political freedom and religious tolerance.
Why is Maryland the best state?
Health care and opportunity were among the items that helped Maryland stay at the top of the list. U.S. News & World Report also ranked states across education, economy, infrastructure, fiscal stability, crimes and corrections, and natural environment. Maryland also ranked higher with education and fiscal stability.
What is Maryland most known for?
Rankings Scorecard. Home to the Chesapeake Bay, Maryland is known for its blue crabs and the city of Baltimore, a major historic trading port, baseball power and birthplace of the national anthem.
How much is China’s debt?
China, U.S. lead rise in global debt to record high $305 trillion – IIF.
What state is the best financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall. Learn more about the Best States for fiscal stability below.
Are there any states not in debt?
States With the Least Debt in 2020
Alaska takes the No. 1 spot, with a tiny debt ratio of only 14.2%. Its total liabilities amount to only $12.65 billion compared to total assets of approximately $89.17 billion in 2019.
Which state has strongest economy?
Washington topped the list of best state economies, ranking third on economic activity, seventh on economic health, and second on innovation potential. Utah and California rounded out the top three state economies. At the bottom of the list were Louisiana, Alaska, and West Virginia.
What is Maryland’s biggest export?
Made-in-America Manufacturing Exports from Maryland and Jobs
The state’s largest manufacturing export category is transportation equipment, which accounted for $2.4 billion of Maryland’s total goods exports in 2018.
What is Maryland’s religion?
Roman Catholic
During the colonial area, Maryland was one of the only colonies to have a Roman Catholic majority, and that still holds true today. The majority of religious residents identify as Roman Catholic, with Protestant denominations like Baptist and Methodist making up the majority of the remaining residents.