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Virginia, with a GDP of $712.9 billion, ranked as the 13th largest state in terms of GDP among the 50 states of the United States. Virginia's economy is larger than countries such as Belgium, Sweden, Ireland, and Norway. Virginia is also among the wealthiest states in the US, boasting a GDP per capita of $81,794, which ranks 19th as of 2023.
The BEA defined GDP by state as "the sum of value added from all industries in the state." [1] Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022.
Though agriculture has declined significantly since 1960, when there were twice as many farms, it remains the largest industry in Virginia, providing for over 490,000 jobs. [271] Soybeans were the most profitable single crop in Virginia in 2022, [ 272 ] although the ongoing trade war with China has led many Virginia farmers to plant cotton ...
Agriculture was the largest single industry and it prospered during the war. [106]: 1–23 [126] [108] Prices were high, pulled up by a strong demand from the army and from Britain (which depended on American wheat for a fourth of its food imports). The war acted as a catalyst that encouraged the rapid adoption of horse-drawn machinery and ...
Industries are ranked by the percent change in job openings from June 2023 to 2024 and are listed from the largest decreases to the largest increases. Monthly data is preliminary.
As of 2024, the Washington metropolitan area is home to the headquarters of 20 Fortune 500 companies across a number of different industries. The DC area is also home to many satellite offices for major companies, and serves as the US or North American headquarters for many foreign companies, such as Volkwagen, Rolls-Royce, Airbus, Nestlé, and Lidl.
The United States Census Bureau currently conducts a comprehensive Economic Census [1] every five years. The results of this survey are tabulated according to the NAICS and provide statistics about the U.S. economy.
Tysons Corner has more Fortune 500 company headquarters than Washington, D.C. [1]. This is a list of notable companies headquartered in Northern Virginia.The majority of the following companies are located in Fairfax County and Loudoun County the most populous jurisdictions in Northern Virginia, Virginia state, and the Baltimore-Washington metropolitan area.