U.S. GDP RANK #13 · VA 2.63% OF U.S. GDP
Virginia Economy: GDP, Income, Jobs & Housing
In 2025, Virginia (VA) generated $807.9 billion in nominal Gross Domestic Product (2.63% of the U.S. economy, ranked #13 nationwide) and $632.0 billion in real chained 2017 dollars. Per-capita personal income stood at $80,903 across a resident population of 8.88 million.
2025 Nominal GDP
$807.9B
U.S. Rank #13
Real GDP Growth
+2.32% 5Y Real: +18.1%
Per-Capita Income $80,903 BEA Personal Income
Avg Wage / Job $81,751 5.79M total jobs
Population 8.88M
10Y: +5.8%
5Y Home Price
+52.0% FHFA Index: 752.8
BEA & FHFA REGIONAL SERIES · 1997-2025
Virginia GDP, Per-Capita Income & House Price Trajectory
Virginia Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $807.9B | $632.0B | 2.32% | $80,903 | $81,751 | 5.79M | 752.8 |
| 2024 | $768.7B | $617.6B | 2.65% | $77,492 | $79,228 | 5.74M | 718.9 |
| 2023 | $727.1B | $601.7B | 3.68% | $74,000 | $75,800 | 5.66M | 673.0 |
| 2022 | $667.3B | $580.3B | 2.63% | $69,571 | $72,650 | 5.55M | 630.4 |
| 2021 | $616.4B | $565.5B | 5.68% | $67,220 | $69,614 | 5.40M | 551.9 |
| 2020 | $566.0B | $535.1B | -1.09% | $61,446 | $66,659 | 5.23M | 495.1 |
| 2019 | $561.7B | $541.0B | 2.51% | $58,356 | $61,745 | 5.33M | 471.9 |
| 2018 | $537.2B | $527.8B | 2.44% | $56,124 | $59,800 | 5.30M | 453.6 |
| 2017 | $515.2B | $515.2B | 1.99% | $54,371 | $58,012 | 5.23M | 439.0 |
| 2016 | $499.0B | $505.1B | 1.24% | $52,650 | $56,223 | 5.16M | 426.6 |
| 2015 | $485.5B | $498.9B | 2.05% | $51,611 | $55,723 | 5.06M | 416.6 |
| 2014 | $465.6B | $488.9B | 0.04% | $49,755 | $54,349 | 4.95M | 405.1 |
| 2013 | $456.9B | $488.7B | 1.18% | $48,193 | $53,307 | 4.90M | 395.5 |
| 2012 | $445.0B | $483.0B | 0.72% | $49,047 | $53,019 | 4.86M | 390.0 |
| 2011 | $433.7B | $479.6B | 0.81% | $47,561 | $52,063 | 4.80M | 391.0 |
| 2010 | $425.5B | $475.7B | 3.40% | $45,442 | $50,989 | 4.74M | 402.0 |
| 2009 | $409.9B | $460.1B | -0.42% | $44,092 | $49,551 | 4.76M | 417.7 |
| 2008 | $402.2B | $462.0B | 0.98% | $45,383 | $48,504 | 4.87M | 441.6 |
| 2007 | $391.6B | $457.6B | 1.40% | $44,020 | $47,197 | 4.87M | 464.4 |
| 2006 | $376.4B | $451.3B | 2.08% | $42,164 | $45,123 | 4.78M | 456.4 |
| 2005 | $357.4B | $442.1B | 4.82% | $40,027 | $43,185 | 4.70M | 413.1 |
| 2004 | $331.8B | $421.7B | 4.26% | $38,082 | $41,351 | 4.59M | 346.2 |
| 2003 | $311.1B | $404.5B | 3.66% | $36,151 | $39,301 | 4.47M | 301.2 |
| 2002 | $294.9B | $390.2B | 0.98% | $34,495 | $37,541 | 4.42M | 278.4 |
| 2001 | $285.7B | $386.4B | 3.63% | $33,940 | $36,893 | 4.42M | 256.1 |
| 2000 | $268.6B | $372.9B | 4.64% | $32,631 | $35,265 | 4.40M | 235.7 |
| 1999 | $250.2B | $356.4B | 5.15% | $30,574 | $33,150 | 4.26M | 220.5 |
| 1998 | $232.6B | $338.9B | 5.92% | $28,965 | $31,489 | 4.17M | 210.8 |
| 1997 | $215.4B | $320.0B | - | $27,328 | $29,721 | 4.08M | 204.4 |