GDP
Nevada's $220 billion economy centers on Las Vegas gaming, hospitality and conventions, complemented by logistics, mining and a growing battery/EV manufacturing corridor near Reno.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED NVRGSP).
| Indicator | Nevada | U.S. |
|---|---|---|
| GDP (USD B) | 220 | 27700 |
- •Nevada's economy depends on tourism more than any other state, with Las Vegas drawing roughly 40 million visitors a year.
GDP Growth
Nevada posted one of the fastest real GDP growth rates in the nation in 2023, fueled by a rebound in tourism and gaming revenue.
Real GDP growth
1998–2025Annual % change in BEA real GDP (NVRGSP).
| Indicator | Nevada | U.S. |
|---|---|---|
| Real GDP growth (%) | 4.6 | 2.9 |
- •Nevada was the fastest-growing state economy in the U.S. in 2023, according to the BEA.
Personal Income
Nevada's per capita personal income trails the national figure, reflecting its service-heavy job mix.
Per capita personal income
1970–2025BEA, current dollars (FRED NVPCPI).
| Indicator | Nevada | U.S. |
|---|---|---|
| Per capita personal income (USD) | 61100 | 65470 |
Median Household Income
Nevada's median household income is close to the national average, though wages are pulled down by heavy reliance on lower-paying tourism and service jobs.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSNVA646N).
| Indicator | Nevada | U.S. |
|---|---|---|
| Median household income (USD) | 71646 | 77719 |
Poverty Rate
Nevada's poverty rate is slightly above the national average, with pockets of high poverty in North Las Vegas and rural counties.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAANV32000A156NCEN).
| Indicator | Nevada | U.S. |
|---|---|---|
| Poverty rate (%) | 12.2 | 11.5 |
Inflation
Consumer prices in the Las Vegas metro area have risen slightly faster than the national average in recent years, driven by housing costs.
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
CPI inflation, West region
2007–2025BLS CPI-U all items, West region, annual average change (CUUR0400SA0).
| Indicator | Nevada | U.S. |
|---|---|---|
| CPI change (%) | 3.4 | 3.2 |
Economic Output
Nevada's GDP per capita trails the national average despite strong tourism revenue, reflecting a workforce concentrated in lower-wage service jobs.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED NVNGSP).
| Indicator | Nevada | U.S. |
|---|---|---|
| GDP per capita (USD) | 67300 | 82700 |
Industry Breakdown
Leisure and hospitality dominate Nevada's industry mix, followed by trade/logistics, construction and a fast-growing manufacturing sector around Reno-Sparks.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED NVGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED NVMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED NVCONS).