Mapped: The 10 U.S. States With the Lowest Real GDP Growth

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The Top 10 U.S. States, by Lowest Real GDP Growth

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While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.

Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.

This graphic shows the 10 states with the least robust real GDP growth in 2023, based on data from the Bureau of Economic Analysis.

Weakest State Economies in 2023

Below, we show the states with the slowest economic activity in inflation-adjusted terms, using chained 2017 dollars:

RankStateReal GDP Growth 2023 YoYReal GDP 2023 1Delaware-1.2%$74B 2Wisconsin+0.2%$337B 3New York+0.7%$1.8T 4Missississippi+0.7%$115B 5Georgia+0.8%$661B 6Minnesota+1.2%$384B 7New Hampshire+1.2%$91B 8Ohio+1.2%$698B 9Iowa+1.3%$200B 10Illinois+1.3%$876B U.S.+2.5%$22.4T

Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year as a sluggish finance and insurance sector dampened the state’s economy.

Like Delaware, the Midwestern state of Wisconsin also experienced declines across the finance and insurance sector, in addition to steep drops in the agriculture and manufacturing industries.

America’s third-biggest economy, New York, grew just 0.7% in 2023, falling far below the U.S. average. High interest rates took a toll on key sectors, with notable slowdowns in the construction and manufacturing sectors. In addition, falling home prices and a weaker job market contributed to slower economic growth.

Meanwhile, Georgia experienced the fifth-lowest real GDP growth rate. In March 2024, Rivian paused plans to build a $5 billion EV factory in Georgia, which was set to be one of the biggest economic development initiatives in the state in history.

These delays are likely to exacerbate setbacks for the state, however, both Kia and Hyundai have made significant investments in the

Ranked: The World’s 50 Largest Private Equity Firms

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The World’s 50 Largest Private Equity Firms

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In 2023, private equity firms controlled $8.2 trillion in assets globally according to McKinsey & Company, a figure that has rapidly expanded since the industry first emerged 40 years ago.

As large investors such as pension funds and insurance companies increasingly look to private markets, these alternative asset managers have seen their assets grow by more than twofold in the last five years.

This graphic shows the top 50 private equity firms worldwide, based on data from Private Equity International (PEI).

The Top 50 Private Equity Firms

To determine the rankings, private equity firms were defined as those that raise capital with the purpose of directly investing in businesses, covering diversified private equity, venture capital, growth equity, buyouts, along with turnaround or control-oriented distressed investment capital.

The ranking does not include funds of funds, private investment in public equity (PIPE), or funds that follow a secondaries, real estate, infrastructure, hedge fund, debt or mezzanine strategies.

Below, we show the 50 biggest private equity companies around the world, measured by the scale of capital raised over the five-year period ending March 31, 2023:

RankingFund ManagerCityCapital Raised 1BlackstoneNew York$125.6B 2KKRNew York$103.7B 3EQTStockholm$101.7B 4Thoma BravoChicago$74.1B 5The Carlyle GroupWashington DC$69.7B 6TPGFort Worth$55.0B 7Advent InternationalBoston$52.9B 8HgLondon$51.0B 9General AtlanticNew York$48.7B 10Warburg PincusNew York$48.5B 11Silver LakeMenlo Park$48.3B 12Goldman SachsNew York$45.4B 13Bain CapitalBoston$44.3B 14Clearlake Capital GroupSanta Monica$44.0B 15CVC Capital PartnersLuxembourg$41.8B 16Vista Equity PartnersAustin$41.5B 17Clayton, Dubilier & RiceNew York$41.1B 18Hellman & FriedmanSan Francisco$40.9B 19Insight PartnersNew York$40.2B 20Leonard Green & PartnersLos Angeles$39.6B 21Permira AdvisersLondon$34.8B 22CinvenLondon$32.7B 23Brookfield Asset ManagementToronto$31.2B 24Nordic CapitalSaint Helier$31.1B 25Genstar CapitalSan Francisco$29.9B 26Francisco PartnersSan Francisco$28.3B 27Tiger Global ManagementNew York$28.3B 28Blue Owl CapitalNew York$27.2B 29Partners GroupZug$26.7B