Real GDP (chained 2017 dollars)
$437,375,000,000
2025 · BEA
Real GDP growth
0.8%
2025 · Annual % change in BEA real GDP
Per capita personal income
$82,387
2025 · BEA
Median household income (CPS)
$116,300
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
9.2%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
Nominal GDP (current dollars)
$567,019,000,000
2025 · BEA
Government jobs
537,392
2025 · BLS Current Employment Statistics
GDP
Real GDP (chained 2017 dollars)
$437,375,000,000
2025 · BEA
Rank
15th in the U.S.
Share of U.S. GDP
1.7%
Real GDP (chained 2017 dollars)
1997–2025$437,375,000,000▲ 84%
BEA, chained 2017 dollars (FRED MDRGSP).
| Indicator | Maryland | U.S. |
|---|---|---|
| GDP (USD B) | 483 | 29200 |
- •Federal government activity and defence contracting account for roughly a fifth of Maryland's economy.
GDP Growth
Real GDP growth
0.8%
2025 · Annual % change in BEA real GDP
GDP per capita
$78,200
10-year average growth
+1.5%
Real GDP growth
1998–20250.8%
Annual % change in BEA real GDP (MDRGSP).
| Indicator | Maryland | U.S. |
|---|---|---|
| Real GDP growth (%) | 2.1 | 2.8 |
Personal Income
Per capita personal income
$82,387
2025 · BEA
Rank
6th in the U.S.
Per capita personal income
1970–2025$82,387▲ 1593%
BEA, current dollars (FRED MDPCPI).
| Indicator | Maryland | U.S. |
|---|---|---|
| Per capita personal income (USD) | 77400 | 69800 |
Median Household Income
Median household income (CPS)
$116,300
2025 · Census CPS ASEC
Median household income
$101,652
Rank
1st in the U.S.
Median household income (CPS)
1984–2025$116,300▲ 291%
Census CPS ASEC, current dollars (FRED MEHOINUSMDA646N).
| Indicator | Maryland | U.S. |
|---|---|---|
| Median household income (USD) | 101652 | 78538 |
- •Maryland has the highest median household income of any U.S. state.
Poverty Rate
Poverty rate, all ages (SAIPE)
9.2%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
9.6%
Rank
3rd lowest
Child poverty
12.1%
Poverty rate, all ages (SAIPE)
1989–20249.2%
Census Small Area Income and Poverty Estimates (FRED PPAAMD24000A156NCEN).
| Indicator | Maryland | U.S. |
|---|---|---|
| Poverty rate (%) | 9.6 | 11.5 |
Inflation
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI change (Washington–Baltimore)
+2.9%
Shelter inflation
+4.2%
Food inflation
+2.4%
CPI inflation, U.S.
2007–20242.9%
BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
Economic Output
Nominal GDP (current dollars)
$567,019,000,000
2025 · BEA
Small businesses
640,000
Fortune 500 headquarters
4
Nominal GDP (current dollars)
1997–2025$567,019,000,000▲ 256%
BEA, current dollars (FRED MDNGSP).
Industry Breakdown
Government jobs
537,392
2025 · BLS Current Employment Statistics
Manufacturing jobs
110,608
2025 · BLS Current Employment Statistics
Government
18% of GDP
Professional & business services
16%
Healthcare & education
11%
Government jobs
1990–2025537,392▲ 27%
BLS Current Employment Statistics, annual average (FRED MDGOVT).
Manufacturing jobs
1990–2025110,608▼ 45%
BLS Current Employment Statistics, annual average (FRED MDMFG).
More figures
GDP
$483 B
15th in the U.S.
GDP per capita
$78,200
Unemployment rate
3.0%
2024
Median annual wage
$56,500
Federal share of employment
≈ 10%
Among the highest in the U.S.
Leading sectors
Government, biotech, cybersecurity & healthcare