Economy of North Carolina

In 2019, North Carolina's total gross state product was around $591 billion.

According to the Bureau of Economic Analysis, the state's 2010 total gross state product was $424.9 billion, making it the ninth wealthiest state in terms of gross domestic product.[1] Its 2007 per capita personal income was $33,735, placing 36th in the nation.[2]

There has been a distinct difference in the economic growth of North Carolina's urban and rural areas. While large cities such as Charlotte, Raleigh, Greensboro, and others have experienced rapid population and economic growth over the last thirty years, many of the state's small towns have suffered from loss of jobs and population. Most of North Carolina's small towns historically developed around textile and furniture factories. However, North Carolina has been affected by offshoring and industrial growth in countries like China; one in five manufacturing jobs in the state has been lost to overseas competition.[3] As these factories closed and moved to low-wage markets in Asia and Latin America, the small towns that depended upon them have suffered.

Map of North Carolina showing "The Gold Region." 1847

The first gold nugget found in the U.S. was found in Cabarrus County in 1799.[4] The first gold dollar minted in the U.S. was minted at the Bechtler Mint in Rutherford County.

  1. ^ "GDP by State". Greyhill Advisors. Retrieved 6 September 2011.
  2. ^ "Per Capita Personal Income". U.S. Bureau of Economic Analysis. September 2006. Archived from the original on 2017-01-10. Retrieved 2006-10-23.
  3. ^ Fishman, China, Inc.: How the Rise of the Next Superpower Challenges America and the World, p. 179
  4. ^ Lewis, Rebecca. "The North Carolina Gold Rush" (PDF). North Carolina Museum of History. Archived from the original (PDF) on 2009-03-18. Retrieved 2009-03-09.