Virginia GDP

Virginia GDP was $591,851,000,000 in 2021 according to BEA data. Virginia GDP represents 2.57% of US GDP which made it the 13th largest state economy in the nation in 2021.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Virginia

	2021 (Billions)	1 Year Change	3 Year Change	5 Year Change
Virginia	$591.851	+3.40%	+3.73%	+6.59%

Trends in Virginia Real GDP

Over the 5 years ending in 2021 the Virginia economy grew in real terms by 6.59% at a compound annual growth rate of 1.28% per year. Real Virginia GDP, at $591.851 bn in 2021, is at the highest level recorded to date.

Real GDP (2021 Dollars): Virginia

Historical Real GDP (2021 Dollars) data for Virginia

Date	Virginia (Billions)
2021	$591.851
2020	$572.369
2019	$584.298
2018	$570.554
2017	$560.164
2016	$555.268
2015	$546.998
2014	$531.225
2013	$532.387
2012	$527.899
2011	$524.757
2010	$525.582
2009	$511.936
2008	$507.277
2007	$500.480
2006	$493.714
2005	$484.375
2004	$463.355
2003	$446.498
2002	$431.482
2001	$423.784
2000	$407.291
1999	$387.556
1998	$364.040
1997	$342.230

more history ... less history ...

	2021 (Billions)	1 Year Change	3 Year Change	5 Year Change
Virginia	$591.851	+7.70%	+11.30%	+19.32%

Virginia GDP Components: Per-Capita GDP & Popuation

Virginia per-capita GDP was $68,483 in 2021. which is $738 lower than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Virginia

	2021	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$69,221	+5.53%	+3.34%	+7.37%
Virginia Per-Capita GDP	$68,483	+3.28%	+2.16%	+3.82%
Virginia Population	8,642,274	+0.12%	+1.54%	+2.67%

Trends Real in Virginia Real Per-Capita GDP & Population

Real Virginia per-capita GDP is 3.82% higher today than 5 years prior in 2016. In that time the population in Virginia grew by 224,623 (2.67%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Virginia shown above.

Real Per-Capita GDP (2021 Dollars): Virginia, National

Historical Real Per-Capita GDP (2021 Dollars) and Population data for Virginia

Date	US Per-Capita GDP	Virginia Per-Capita GDP	Virginia Population
2021	$69,221	$68,483	8,642,274
2020	$65,595	$66,307	8,632,044
2019	$68,164	$68,286	8,556,642
2018	$66,987	$67,038	8,510,920
2017	$65,472	$66,127	8,471,011
2016	$64,472	$65,965	8,417,651
2015	$63,906	$65,373	8,367,303
2014	$62,711	$63,884	8,315,430
2013	$61,792	$64,486	8,255,861
2012	$61,132	$64,477	8,187,456
2011	$60,234	$64,765	8,102,437
2010	$59,785	$65,501	8,024,004
2009	$58,700	$64,590	7,925,937
2008	$60,801	$64,757	7,833,496
2007	$61,300	$64,570	7,751,000
2006	$60,671	$64,338	7,673,725
2005	$59,591	$63,926	7,577,105
2004	$58,122	$61,983	7,475,575
2003	$56,474	$60,608	7,366,977
2002	$55,447	$59,214	7,286,873
2001	$55,044	$58,872	7,198,362
2000	$55,069	$57,318	7,105,817
1999	$53,494	$56,389	6,872,912
1998	$51,633	$53,620	6,789,225
1997	$49,997	$50,830	6,732,878

more history ... less history ...

Nominal GDP in Virginia

	2021	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$69,221	+9.91%	+10.87%	+16.22%
Virginia Per-Capita GDP	$68,483	+7.57%	+9.61%	+16.22%
Virginia Population	8,642,274	+0.12%	+1.54%	+2.67%

Trends in Nominal Virginia Real Per-Capita GDP & Population

Nominal Virginia per-capita GDP is 16.22% higher today than 5 years prior in 2016. In that time the population in Virginia grew by 224,623 (2.67%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Virginia shown above.

Nominal Per-Capita GDP: Virginia, National

Historical Nominal Per-Capita GDP and Population data for Virginia

Date	US Per-Capita GDP	Virginia Per-Capita GDP	Virginia Population
2021	$69,221	$68,483	8,642,274
2020	$62,978	$63,662	8,632,044
2019	$64,665	$64,781	8,556,642
2018	$62,432	$62,479	8,510,920
2017	$59,596	$60,193	8,471,011
2016	$57,593	$58,926	8,417,651
2015	$56,521	$57,819	8,367,303
2014	$54,914	$55,942	8,315,430
2013	$53,117	$55,432	8,255,861
2012	$51,645	$54,470	8,187,456
2011	$49,952	$53,710	8,102,437
2010	$48,570	$53,214	8,024,004
2009	$47,123	$51,851	7,925,937
2008	$48,498	$51,654	7,833,496
2007	$47,976	$50,535	7,751,000
2006	$46,234	$49,029	7,673,725
2005	$44,052	$47,257	7,577,105
2004	$41,660	$44,427	7,475,575
2003	$39,420	$42,306	7,366,977
2002	$37,954	$40,533	7,286,873
2001	$37,100	$39,681	7,198,362
2000	$36,300	$37,782	7,105,817
1999	$34,480	$36,346	6,872,912
1998	$32,818	$34,081	6,789,225
1997	$31,424	$31,948	6,732,878

more history ... less history ...

Department of Numbers

The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.

Virginia GDP

Real GDP (2021 Dollars) in Virginia

Trends in Virginia Real GDP

Real GDP (2021 Dollars): Virginia

Historical Real GDP (2021 Dollars) data for Virginia

Nominal GDP in Virginia

Trends in Virginia Nominal GDP

Nominal GDP: Virginia

Historical Nominal GDP data for Virginia

Virginia GDP Components: Per-Capita GDP & Popuation

Real GDP (2021 Dollars) in Virginia

Trends Real in Virginia Real Per-Capita GDP & Population

Real Per-Capita GDP (2021 Dollars): Virginia, National

Historical Real Per-Capita GDP (2021 Dollars) and Population data for Virginia

Nominal GDP in Virginia

Trends in Nominal Virginia Real Per-Capita GDP & Population

Nominal Per-Capita GDP: Virginia, National

Historical Nominal Per-Capita GDP and Population data for Virginia

Department of Numbers

GDP by State

Here's where you are

Here's where you might go

Datasets & Tools