U.S. GDP RANK #9 · NC 2.92% OF U.S. GDP
North Carolina Economy: GDP, Income, Jobs & Housing
In 2025, North Carolina (NC) generated $895.9 billion in nominal Gross Domestic Product (2.92% of the U.S. economy, ranked #9 nationwide) and $682.8 billion in real chained 2017 dollars. Per-capita personal income stood at $68,274 across a resident population of 11.20 million.
2025 Nominal GDP
$895.9B
U.S. Rank #9
Real GDP Growth
+1.83% 5Y Real: +20.9%
Per-Capita Income $68,274 BEA Personal Income
Avg Wage / Job $73,261 6.86M total jobs
Population 11.20M
10Y: +12.4%
5Y Home Price
+65.7% FHFA Index: 692.5
BEA & FHFA REGIONAL SERIES · 1997-2025
North Carolina GDP, Per-Capita Income & House Price Trajectory
North Carolina Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $895.9B | $682.8B | 1.83% | $68,274 | $73,261 | 6.86M | 692.5 |
| 2024 | $855.1B | $670.6B | 3.73% | $65,247 | $70,359 | 6.84M | 668.2 |
| 2023 | $801.4B | $646.5B | 3.96% | $61,953 | $66,986 | 6.70M | 631.7 |
| 2022 | $731.7B | $621.8B | 3.98% | $59,123 | $64,764 | 6.58M | 588.0 |
| 2021 | $659.4B | $598.0B | 5.90% | $57,247 | $60,967 | 6.32M | 482.2 |
| 2020 | $600.8B | $564.7B | -0.57% | $51,824 | $57,363 | 6.06M | 417.8 |
| 2019 | $592.5B | $567.9B | 2.05% | $48,384 | $53,440 | 6.15M | 394.9 |
| 2018 | $568.0B | $556.5B | 1.78% | $46,057 | $51,861 | 6.06M | 373.7 |
| 2017 | $546.8B | $546.8B | 1.96% | $44,228 | $49,933 | 5.92M | 351.8 |
| 2016 | $528.3B | $536.3B | 2.11% | $42,607 | $48,270 | 5.83M | 334.3 |
| 2015 | $508.7B | $525.2B | 3.03% | $41,645 | $47,376 | 5.70M | 318.8 |
| 2014 | $482.3B | $509.8B | 2.48% | $39,888 | $45,929 | 5.57M | 305.8 |
| 2013 | $460.9B | $497.5B | 1.91% | $38,092 | $44,731 | 5.44M | 299.4 |
| 2012 | $444.1B | $488.1B | 0.81% | $38,895 | $44,107 | 5.36M | 297.3 |
| 2011 | $430.0B | $484.2B | 0.45% | $36,842 | $43,097 | 5.29M | 302.3 |
| 2010 | $422.3B | $482.0B | 1.78% | $35,867 | $42,071 | 5.18M | 313.9 |
| 2009 | $413.1B | $473.6B | -3.87% | $35,933 | $40,795 | 5.22M | 328.7 |
| 2008 | $420.7B | $492.7B | 3.09% | $37,772 | $40,697 | 5.41M | 336.3 |
| 2007 | $402.2B | $477.9B | 1.54% | $35,960 | $39,692 | 5.43M | 332.6 |
| 2006 | $388.0B | $470.7B | 6.41% | $34,189 | $38,193 | 5.25M | 315.8 |
| 2005 | $354.8B | $442.3B | 5.17% | $32,209 | $36,614 | 5.09M | 294.7 |
| 2004 | $329.0B | $420.6B | 3.95% | $30,586 | $35,420 | 4.96M | 276.8 |
| 2003 | $310.2B | $404.6B | 2.77% | $28,709 | $33,987 | 4.85M | 266.4 |
| 2002 | $297.7B | $393.7B | 1.61% | $27,856 | $33,004 | 4.84M | 258.3 |
| 2001 | $287.3B | $387.4B | 0.86% | $27,782 | $32,363 | 4.86M | 250.4 |
| 2000 | $277.6B | $384.1B | 3.25% | $27,410 | $31,236 | 4.89M | 237.7 |
| 1999 | $264.9B | $372.0B | 5.70% | $26,158 | $29,555 | 4.80M | 229.2 |
| 1998 | $246.7B | $352.0B | 3.35% | $25,385 | $28,220 | 4.71M | 221.0 |
| 1997 | $234.6B | $340.6B | - | $24,189 | $26,752 | 4.60M | 210.6 |