Department of Numbers

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

more history ...

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

more history ...