What is the gross domestic product (GDP) in South Carolina?
Updated Apr. 8, 2026Refreshed annually
The gross domestic product (GDP) was $278B in 2024. GDP measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $278B is the “real GDP,” which is adjusted to account for inflation to make it easier to compare the size of an economy over time.
$278B
Real GDP (2024)
+4.5%
Change in real GDP (2023 to 2024)
Changes in spending and investment cause the GDP to fluctuate.
As of 2024, the real GDP was $278B. This was 4.5% higher than in 2023. 2024’s GDP was the highest to-date.
Real GDP increased from 2023 to reach $278B in 2024.
Real gross domestic product in South Carolina, adjusted for inflation (chained 2017 dollars)
The GDP can also be broken down and compared across industries — useful, as different industries experience different economic pressures.
Which industry contributes the most to South Carolina’s GDP?
The real estate, rental, and leasing industry contributed the most to South Carolina’s GDP in 2024, generating a value of $44.2 billion. It was followed by manufacturing ($37.9B) and government ($36.5B).
The mining, quarrying, and oil and gas extraction industry grew the most, with a 2024 GDP that was 2.6 times the 2014 GDP.
In 2024, the real estate, rental, and leasing industry contributed the most to GDP in South Carolina.
Real gross domestic product by industry in South Carolina, chained 2017 dollars
What is the GDP per capita?
Another way to understand a population’s standard of living is by taking the GDP and dividing it by the total number of people in the population. This figure offers insight into the average economic output per individual. When the GDP per capita goes up, it suggests that individuals are becoming wealthier and/or resources are being used more efficiently. This helps economists understand whether economic growth is outpacing population growth.
In 2024, GDP per capita in South Carolina was $50,600, up 2.6% from 2023.
In 2024, real GDP was equivalent to $50,600 per person.
Real gross domestic product per capita in South Carolina, chained 2017 dollars, 2007–2024
GDP and the economic experience vary by location due to factors like cost of living, population density, workforce education, and the area’s main industries.
In 2024, South Carolina’s real (that is, inflation-adjusted) GDP per capita was 44th highest out of all 50 states. States with a similar standard of living include Oklahoma (43rd) and Kentucky (45th).
In 2024, South Carolina ranked 44 in state GDP per capita.
Real gross domestic product per capita by state (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
