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      Income and Output

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Gross Domestic Product, in billions (2020)
      $551.76
      (13)
      Gross Domestic Product Average Annual Growth (2010-2020)
      2.68%
      (33)
      Gross Domestic Product Average Annual Growth (2015-2020)
      2.63%
      (19)
      Gross Domestic Product Average Annual Growth (2017-2020)
      2.53%
      (17)
      Per Capita Personal Income (2020)
      $62,362
      (14)
      Per Capita Personal Income Average Annual Growth (2010-2020)
      3.20%
      (42)
      Per Capita Personal Income Average Annual Growth (2015-2020)
      3.42%
      (40)
      Per Capita Personal Income Average Annual Growth (2017-2020)
      3.91%
      (45)
      Median Household Income (2019)
      $81,313
      (11)
      Average Hourly Earnings of Production Workers in Manufacturing (2020)
      $20.19
      (7)
       No selections available

      Workforce

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Nonagricultural Employment (2020)
      4,349,221
      (11)
      Nonagricultural Employment Growth (2015-2020)
      0.30%
      (17)
      Nonagricultural Employment Growth (2017-2020)
      -0.22%
      (15)
      Manufacturing Employment (2020)
      203,914
      (19)
      Manufacturing Employment Growth (2015-2020)
      -0.22%
      (16)
      Manufacturing Employment Growth (2017-2020)
      -0.78%
      (19)
      Logistics Employment (2020)
      271,579
      (14)
      Logistics Employment Growth (2015-2020)
      1.75%
      (24)
      Logistics Growth (2017-2020)
      1.64%
      (23)
      Office Employment (2020)
      1,418,764
      (9)
      Office Employment Growth (2015-2020)
      0.99%
      (14)
      Office Employment Growth (2017-2020)
      1.04%
      (13)
      IT Employment (2020)
      234,337
      (5)
      IT Employment Growth (2015-2020)
      2.50%
      (19)
      IT Employment Growth (2017-2020)
      2.64%
      (16)
      Labor Force Participation Rate (2020)
      64.6%
      (16)
      Total Civilian Labor Force (2020)
      4,346,644
      (12)
      Total Number of Persons Employed (2020)
      4,075,237
      (11)
      Total Number of Persons Unemployed (2020)
      271,407
      (15)
      Unemployment Rate (2020)
      6.2%
      (16)
      Right-to-Work Law (2021)
      Yes
      Workers Covered by Unions (2020)
      5.4%
      (4)
      Union Membership (2020)
      4.4%
      (6)
      Private Sector Union Membership (2020)
      2.0%
      (4)
      Total Population (2019)
      8,535,519
      (12)
      Population Average Annual Growth (2009-2019)
      0.80%
      (19)
      Population Average Annual Growth (2014-2019)
      0.53%
      (21)
      Population Average Annual Growth (2016-2019)
      0.49%
      (20)
       No selections available

      Education

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      High School Diploma or More (2019)
      90.0%
      (30)
      Bachelor's Degree or Higher (2019)
      39.6%
      (7)
      Institutions of Higher Education (2019-2020)
      111
      (10)
      Enrollment in Higher Education Institutions (2018)
      552,041
      (10)
      Science and Engineering Graduate Students (2018)
      21,695
      (11)
      Science and Engineering Doctorate Recipients (2018)
      1,518
      (12)
      SAT Score Averages (2019)
      1119\567\551
      ACT Score Averages (2019)
      24\23.8\23.3\24.8\23.6
      Percent of 11th and 12th Graders taking an AP course (2020)
      40.9%
      (11)
      Average number of AP exams taken by each AP student (2020)
      1.98
      (2)
      Expenditures per Pupil in Public Schools (Fall 2017)
      $11,885
      (24)
      Pupil/Teacher Ratios (Fall 2018)
      14.0
      (18)
       No selections available

      Cost of Doing Business

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Average Annual Cost Paid by Employers for Health Premiums for Family Coverage (2019)
      $19,865
      (19)
      Average Annual Cost of Employment-Based Health Premiums for Family Coverage (2019)
      $26,227
      (31)
      Unemployment Insurance Tax Rates (2020 est.)
      0.23%
      (7)
      Unemployment Insurance Tax per Employee (2020 est.)
      $109
      (8)
      Taxable Wage Base for Unemployment Insurance (2020 est.)
      $8,000
      (7)
      Weekly Payment for Total Disability (1/1/18)
      $1,043
      (34)
      Workers' Compensation Employer Insurance Costs Per $100 of Payroll (2018)
      $0.74
      (8)
      State and Local Taxes per Capita (2018)
      $4,984
      (27)
      State and Local Taxes per $1000 Income (2018)
      $86
      (13)
      State Level Sales Tax (2021)
      5.30%
      (15)
      State and Average Local Sales Tax (2021)
      5.73%
      (6)
      State Individual Income Tax (2021)
      Yes
      State Corporate Income Tax, 2021 (Effective Tax Rate as a Percent of Net Income Before Federal Income Tax Payments)
      6.00%
      (14)
      Average Industrial Electric Rate (2020)
      6.42
      (21)
      Average Price of Natural Gas Delivered to Industrial Consumers (2019)
      4.66
      (18)
      Average Commercial Electric Rate (2020)
      7.72
      (5)
      Average Price of Natural Gas Delivered to Commercial Consumers (2019)
      8.53
      (33)
      Cost of Living (2020)
      103.30
      (29)
       No selections available

      Fiscal Strength

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      State and Local Long Term Debt per Capita (2018)
      $8,045
      (30)
      Total State Debt per Capita (FY 2018)
      $3,393
      (28)
      General Obligation Bond Ratings (December 2020)
      AAA\Aaa\AAA
       No selections available

      Entrepreneurship and Innovation

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Federal Obligations for R & D (FY 2018)
      5.72%
      (3)
      SBIR Awards (2020)
      386
      (3)
      Obligated Amount of SBIR Awards, in millions (2020)
      $206.14
      (3)
      Venture Capital Deals (2020)
      79
      (13)
      Value of Venture Capital Deals, in millions (2020)
      $803.62
      (17)
      Average Broadband Speed (2020)
      193.1
      (2)
      Percent Broadband Coverage (2020)
      83.4%
      (28)
      Patents per Capita (2019)
      2,748
      (19)
       No selections available

      Foreign Direct Investment

      VIRGINIA
      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Foreign Company Count (2018P)
      859
      (16)
      Foreign Company Employment (2018P)
      210
      (14)
      Foreign Direct Investment, in millions (2018P)
      $49,618
      (18)
       No selections available

      Income and Output

      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Gross Domestic Product, in millions (2017)
      Gross Domestic Product Growth (2012-2017)
      Per Capita Personal Income (2017)
      Per Capita Personal Income Change (2010-2017)
      Per Capita Personal Income Change (2000-2010)
      Per Capita Personal Income Growth (2012-2017)
       No selections available

      Workforce

      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Population (2018)
      Population Change (2010-2018)
      Civilian Labor Force (2018)
      Persons Employed (2018)
      Persons Unemployed (2018)
      Unemployment Rate (2018)
      Nonagricultural Employment (2018)
      Nonagricultural Employment Change (2010-2018)
      Nonagricultural Employment Change (2000-2010)
      Nonagricultural Employment Growth (2012-2018)
      Manufacturing Employment (2018)
      Manufacturing Employment Change (2010-2018)
      Manufacturing Employment Change (2000-2010)
      Manufacturing Employment as % of Nonagricultural Employment (2018)
      Professional and Business Services Employment (2018)
      Professional and Business Services Employment Change (2010-2018)
      Professional and Business Services Employment Change (2000-2010)
      Service Employment as % of Nonagricultural Employment (2018)
      Workers Covered by Unions (2018)
      Union Membership (2018)
      Private Sector Union Membership (2018)
       No selections available

      Education

      (Rank)
      (Rank)
      (Rank)
      (Rank)
      High School Diploma or Higher (2017)
      Bachelor's Degree or Higher (2017)
       No selections available

      Cost of Doing Business

      (Rank)
      (Rank)
      (Rank)
      (Rank)
      Human Resources Specialists (May 2018)
      Software Developers, Applications (May 2018)
      Network and Computer Systems Administrators (May 2018)
      Electrical Engineers (May 2018)
      Mechanical Engineers (May 2018)
      First-Line Supervisors of Office and Administrative Support Workers (May 2018)
      Bookkeeping, Accounting, and Auditing Clerks (May 2018)
      Customer Service Representatives (May 2018)
      Secretaries and Administrative Assistants, Except Legal, Medical, and Executive (May 2018)
      Industrial Machinery Mechanics (May 2018)
      First-Line Supervisors of Production and Operating Workers (May 2018)
      Assemblers and Fabricators, All Other, Including Team Assemblers (May 2018)
      Machinists (May 2018)
      Welders, Cutters, Solderers, and Brazers (May 2018)
      Industrial Truck and Tractor Operators (May 2018)
      Inspectors, Testers, Sorters, Samplers, and Weighers (May 2018)
      Packaging and Filling Machine Operators and Tenders (May 2018)
      First-Line Supervisors of Transportation and Material Moving Workers (May 2018)
      Laborers and Freight, Stock, and Material Movers, Hand (May 2018)
      Packers and Packagers, Hand (May 2018)
       No selections available
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      *Employment and unemployment statistics based on NECTA.
      n/a - Data may be subject to suppression or aggregation. See Data Sources.
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