Department of Numbers

Virginia GDP

Virginia GDP was $435,192,000,000 in 2016 according to BEA data. Virginia GDP represents 2.66% of US GDP which made it the 12th largest state economy in the nation in 2016. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Virginia

2016
(Billions)
1 Year Change 3 Year Change 5 Year Change
Virginia $435.192 +0.57% +3.06% +3.69%

Trends in Virginia Real GDP

Over the 5 years ending in 2016 the Virginia economy grew in real terms by 3.69% at a compound annual growth rate of 0.73% per year. Real Virginia GDP, at $435.192 bn in 2016, is at the highest level recorded to date.

Real GDP (2009 Chained Dollars): Virginia

Historical Real GDP (2009 Chained Dollars) data for Virginia

Date Virginia
(Billions)
2016 $435.192
2015 $432.742
2014 $422.546
2013 $422.275
2012 $422.269
2011 $419.724
2010 $416.903
2009 $407.302
2008 $407.227
2007 $408.148
2006 $405.682

more history ...

Virginia GDP Components: Per-Capita GDP & Popuation

Virginia per-capita GDP was $51,736 in 2016. which is $1,159 higher than the US per-capita GDP. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Virginia

2016 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $50,577 +0.84% +4.20% +6.27%
Virginia Per-Capita GDP $51,736 +0.04% +1.23% -0.03%
Virginia Population 8,411,808 +0.53% +1.80% +3.72%

Trends Real in Virginia Real Per-Capita GDP & Population

Real Virginia per-capita GDP is 0.03% lower today than 5 years prior in 2011. In that time the population in Virginia grew by 301,773 (3.72%) people. The per-capita GDP decline plus the population growth are approximatly equal to the GDP decline Virginia shown above.

Real Per-Capita GDP (2009 Chained Dollars): Virginia, National

Historical Real Per-Capita GDP (2009 Chained Dollars) and Population data for Virginia

Date US Per-Capita GDP Virginia Per-Capita GDP Virginia Population
2016 $50,577 $51,736 8,411,808
2015 $50,155 $51,716 8,367,587
2014 $49,253 $50,803 8,317,372
2013 $48,538 $51,106 8,262,692
2012 $48,173 $51,546 8,192,048
2011 $47,595 $51,754 8,110,035
2010 $47,287 $51,946 8,025,773
2009 $46,680 $51,389 7,925,937
2008 $48,401 $51,985 7,833,496
2007 $49,126 $52,657 7,751,000
2006 $48,880 $52,866 7,673,725

more history ...