Economy in Tennessee

GDP, income, output and the industries that drive the economy.

Real GDP (chained 2017 dollars)
$447,664,000,000
2025 · BEA
Real GDP growth
2.1%
2025 · Annual % change in BEA real GDP
Per capita personal income
$69,274
2025 · BEA
Median household income (CPS)
$75,250
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
13.3%
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)
$586,210,000,000
2025 · BEA
Government jobs
455,033
2025 · BLS Current Employment Statistics

GDP

Total economic output.

Real GDP (chained 2017 dollars)
$447,664,000,000
2025 · BEA
Rank
18th in the U.S.
Share of U.S. GDP
1.7%

Real GDP (chained 2017 dollars)

1997–2025
$447,664,000,000▲ 97%

BEA, chained 2017 dollars (FRED TNRGSP).

IndicatorTennesseeU.S.
GDP (USD B)50929200
  • •Nashville is home to the largest concentration of for-profit healthcare companies in the United States, led by HCA Healthcare.

GDP Growth

Real growth of output.

Real GDP growth
2.1%
2025 · Annual % change in BEA real GDP
GDP per capita
$70,400
5-year average
+2.6%

Real GDP growth

1998–2025
2.1%

Annual % change in BEA real GDP (TNRGSP).

IndicatorTennesseeU.S.
Real GDP growth (%)2.92.8

Personal Income

Income per resident.

Per capita personal income
$69,274
2025 · BEA
Personal income per capita
$59,700
Rank
33rd in the U.S.
Growth
+4.8%

Per capita personal income

1970–2025
$69,274▲ 2022%

BEA, current dollars (FRED TNPCPI).

IndicatorTennesseeU.S.
Personal income per capita (USD)5970069810

Median Household Income

Typical household income.

Median household income (CPS)
$75,250
2025 · Census CPS ASEC
Median household income
$67,631
Rank
39th in the U.S.
Median family income
$85,300

Median household income (CPS)

1984–2025
$75,250▲ 348%

Census CPS ASEC, current dollars (FRED MEHOINUSTNA646N).

IndicatorTennesseeU.S.
Median household income (USD)6763178538

Poverty Rate

Share living below the poverty line.

Poverty rate, all ages (SAIPE)
13.3%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
13.6%
Child poverty
18.4%

Poverty rate, all ages (SAIPE)

1989–2024
13.3%

Census Small Area Income and Poverty Estimates (FRED PPAATN47000A156NCEN).

IndicatorTennesseeU.S.
Poverty rate (%)13.611.5

Inflation

Consumer price change.

CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI inflation, South region
2.2%
2025 · BLS CPI-U all items
CPI (South region)
+2.8%
2024
Grocery inflation
+1.9%
Shelter inflation
+4.4%

CPI inflation, U.S.

2007–2024
2.9%

BLS CPI-U U.S. city average, annual average change (CPIAUCNS).

CPI inflation, South region

2007–2025
2.2%

BLS CPI-U all items, South region, annual average change (CUUR0300SA0).

IndicatorTennesseeU.S.
Annual inflation (%)2.82.9

Economic Output

Output per resident and worker.

Nominal GDP (current dollars)
$586,210,000,000
2025 · BEA
Top export
Vehicles & parts
Fortune 500 HQs
9

Nominal GDP (current dollars)

1997–2025
$586,210,000,000▲ 279%

BEA, current dollars (FRED TNNGSP).

Industry Breakdown

Composition of the economy.

Government jobs
455,033
2025 · BLS Current Employment Statistics
Manufacturing jobs
355,625
2025 · BLS Current Employment Statistics
Construction jobs
138,650
2007 · BLS Current Employment Statistics
Largest sector
Healthcare & social assistance
Manufacturing share
15.8%
Transport & warehousing
6.4%
FedEx hub

Government jobs

1990–2025
455,033▲ 31%

BLS Current Employment Statistics, annual average (FRED TNGOVT).

Manufacturing jobs

1990–2025
355,625▼ 29%

BLS Current Employment Statistics, annual average (FRED TNMFG).

Construction jobs

1990–2007
138,650▲ 46%

BLS Current Employment Statistics, annual average (FRED TNCONS).

  • •The FedEx superhub at Memphis International makes it one of the busiest cargo airports on Earth.

More figures

GDP
$509 B
18th in the U.S.
GDP per capita
$70,400
Unemployment rate
3.4%
2024
Median annual wage
$45,900
Fortune 500 HQs
9 companies
Leading sectors
Healthcare, automotive & logistics