Real GDP (chained 2017 dollars)
$631,975,000,000
2025 · BEA
Real GDP growth
2.3%
2025 · Annual % change in BEA real GDP
Per capita personal income
$80,903
2025 · BEA
Median household income (CPS)
$100,000
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
9.8%
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)
$807,925,000,000
2025 · BEA
Government jobs
763,225
2025 · BLS Current Employment Statistics
GDP
Total economic output.
Real GDP (chained 2017 dollars)
$631,975,000,000
2025 · BEA
Rank
13th in the U.S.
Share of U.S. GDP
2.4%
Real GDP (chained 2017 dollars)
1997–2025$631,975,000,000▲ 97%
BEA, chained 2017 dollars (FRED VARGSP).
| Indicator | Virginia | U.S. |
|---|---|---|
| GDP (USD B) | 685 | 29200 |
- •If Northern Virginia were its own state, its economy would rank around 20th in the country.
GDP Growth
Real growth of output.
Real GDP growth
2.3%
2025 · Annual % change in BEA real GDP
5-year average
+2.2%
Trend
Near average
Real GDP growth
1998–20252.3%
Annual % change in BEA real GDP (VARGSP).
| Indicator | Virginia | U.S. |
|---|---|---|
| Real GDP growth (%) | 2.6 | 2.8 |
- •Federal spending accounts for roughly a fifth of Virginia's economy, making growth unusually steady.
Personal Income
Income per resident.
Per capita personal income
$80,903
2025 · BEA
Personal income per capita
$75,600
Rank
12th in the U.S.
Per capita personal income
1970–2025$80,903▲ 1846%
BEA, current dollars (FRED VAPCPI).
| Indicator | Virginia | U.S. |
|---|---|---|
| Personal income per capita (USD) | 75600 | 69800 |
- •Virginia's per-capita income is about 8% above the U.S. average.
Median Household Income
Typical household income.
Median household income (CPS)
$100,000
2025 · Census CPS ASEC
Median household income
$89,400
Rank
10th in the U.S.
5-year change
+23%
Median household income (CPS)
1984–2025$100,000▲ 277%
Census CPS ASEC, current dollars (FRED MEHOINUSVAA646N).
| Indicator | Virginia | U.S. |
|---|---|---|
| Median household income (USD) | 89400 | 77719 |
- •Loudoun County has the highest median household income of any county in the United States, above $170,000.
Poverty Rate
Share living below the poverty line.
Poverty rate, all ages (SAIPE)
9.8%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
10.2%
Child poverty
13.1%
People in poverty
870,000
Poverty rate, all ages (SAIPE)
1989–20249.8%
Census Small Area Income and Poverty Estimates (FRED PPAAVA51000A156NCEN).
| Indicator | Virginia | U.S. |
|---|---|---|
| Poverty rate (%) | 10.2 | 12.5 |
- •Virginia's poverty rate is among the ten lowest in the country, but exceeds 20% in parts of Southwest Virginia.
Inflation
Consumer price change.
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI change
+3.1%
Shelter inflation
+4.4%
Food inflation
+2.1%
CPI inflation, U.S.
2007–20242.9%
BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
| Indicator | Virginia | U.S. |
|---|---|---|
| CPI change (%) | 3.1 | 3.0 |
- •Shelter costs in the Washington-Arlington metro are the main driver of Virginia inflation.
Economic Output
Output per resident and worker.
Nominal GDP (current dollars)
$807,925,000,000
2025 · BEA
GDP per capita
$77,800
Output per worker
$166,000
Rank
15th in the U.S.
Nominal GDP (current dollars)
1997–2025$807,925,000,000▲ 275%
BEA, current dollars (FRED VANGSP).
| Indicator | Virginia | U.S. |
|---|---|---|
| GDP per capita (USD) | 77800 | 87200 |
- •Roughly 70% of the world's internet traffic passes through data centers in Northern Virginia.
Industry Breakdown
Composition of the economy.
Government jobs
763,225
2025 · BLS Current Employment Statistics
Manufacturing jobs
237,108
2025 · BLS Current Employment Statistics
Construction jobs
228,258
2025 · BLS Current Employment Statistics
Manufacturing
6.9% of GDP
Finance & insurance
8.5%
Professional services
17.5%
Government jobs
1990–2025763,225▲ 32%
BLS Current Employment Statistics, annual average (FRED VAGOVT).
Manufacturing jobs
1990–2025237,108▼ 39%
BLS Current Employment Statistics, annual average (FRED VAMFG).
Construction jobs
1990–2025228,258▲ 25%
BLS Current Employment Statistics, annual average (FRED VACONS).
| Indicator | Virginia | U.S. |
|---|---|---|
| Manufacturing share of GDP (%) | 6.9 | 10.2 |
- •Virginia hosts more Fortune 500 headquarters per capita than any other Southern state, plus the Pentagon and the CIA.
More figures
GDP
$697 B
13th in the U.S.
GDP per capita
$79,900
Unemployment rate
2.9%
2024
Median annual wage
$56,900
Fortune 500 HQs
22 companies
Leading sector
Professional & government services