U.S. GDP RANK #16 · TN 1.91% OF U.S. GDP
Tennessee Economy: GDP, Income, Jobs & Housing
In 2025, Tennessee (TN) generated $586.2 billion in nominal Gross Domestic Product (1.91% of the U.S. economy, ranked #16 nationwide) and $447.7 billion in real chained 2017 dollars. Per-capita personal income stood at $69,274 across a resident population of 7.32 million.
2025 Nominal GDP
$586.2B
U.S. Rank #16
Real GDP Growth
+2.05% 5Y Real: +21.9%
Per-Capita Income $69,274 BEA Personal Income
Avg Wage / Job $70,022 4.63M total jobs
Population 7.32M
10Y: +10.6%
5Y Home Price
+65.2% FHFA Index: 689.2
BEA & FHFA REGIONAL SERIES · 1997-2025
Tennessee GDP, Per-Capita Income & House Price Trajectory
Tennessee Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $586.2B | $447.7B | 2.05% | $69,274 | $70,022 | 4.63M | 689.2 |
| 2024 | $558.8B | $438.7B | 2.88% | $66,188 | $67,067 | 4.65M | 665.1 |
| 2023 | $528.5B | $426.4B | 3.60% | $62,975 | $64,320 | 4.58M | 631.4 |
| 2022 | $485.7B | $411.6B | 3.06% | $59,044 | $61,652 | 4.50M | 593.5 |
| 2021 | $440.7B | $399.4B | 8.78% | $57,725 | $58,608 | 4.31M | 485.7 |
| 2020 | $390.6B | $367.1B | -0.82% | $51,977 | $54,572 | 4.13M | 417.2 |
| 2019 | $385.8B | $370.2B | 2.16% | $48,908 | $51,233 | 4.17M | 392.4 |
| 2018 | $369.7B | $362.4B | 1.95% | $46,452 | $50,032 | 4.12M | 371.0 |
| 2017 | $355.4B | $355.4B | 3.46% | $44,410 | $48,392 | 4.04M | 346.9 |
| 2016 | $339.4B | $343.5B | 2.41% | $42,944 | $46,982 | 3.95M | 324.5 |
| 2015 | $326.4B | $335.5B | 3.58% | $41,945 | $46,214 | 3.86M | 306.3 |
| 2014 | $307.4B | $323.9B | 1.74% | $40,235 | $44,719 | 3.77M | 292.0 |
| 2013 | $296.8B | $318.3B | 2.12% | $39,108 | $43,575 | 3.69M | 281.8 |
| 2012 | $285.9B | $311.8B | 3.40% | $39,089 | $43,412 | 3.64M | 277.4 |
| 2011 | $270.1B | $301.5B | 3.01% | $37,706 | $41,883 | 3.59M | 277.8 |
| 2010 | $258.7B | $292.7B | 1.87% | $35,818 | $41,021 | 3.52M | 285.4 |
| 2009 | $252.9B | $287.3B | -3.76% | $34,432 | $39,744 | 3.52M | 293.9 |
| 2008 | $255.5B | $298.5B | 1.26% | $34,954 | $39,461 | 3.68M | 299.3 |
| 2007 | $248.3B | $294.8B | -0.29% | $33,963 | $38,566 | 3.70M | 298.1 |
| 2006 | $243.1B | $295.7B | 2.28% | $32,878 | $37,046 | 3.64M | 285.0 |
| 2005 | $231.3B | $289.1B | 2.66% | $31,410 | $35,422 | 3.57M | 266.1 |
| 2004 | $219.9B | $281.6B | 5.22% | $30,435 | $34,387 | 3.51M | 249.8 |
| 2003 | $204.7B | $267.6B | 3.50% | $29,059 | $33,043 | 3.43M | 240.0 |
| 2002 | $195.4B | $258.5B | 3.29% | $28,102 | $31,991 | 3.41M | 232.2 |
| 2001 | $185.9B | $250.3B | -0.29% | $27,496 | $30,971 | 3.42M | 225.7 |
| 2000 | $182.2B | $251.0B | 1.04% | $26,998 | $30,043 | 3.46M | 215.2 |
| 1999 | $176.5B | $248.5B | 3.11% | $25,756 | $29,014 | 3.40M | 209.5 |
| 1998 | $167.8B | $241.0B | 6.23% | $25,091 | $28,020 | 3.34M | 203.0 |
| 1997 | $154.9B | $226.8B | - | $23,237 | $26,805 | 3.27M | 193.0 |