# GDP by industry: real estate, rental and leasing in Virginia

GDP by industry: real estate, rental and leasing in Virginia was $113.88 billion in 2025. Source: U.S. Bureau of Economic Analysis.

- Indicator id: `gdp_by_industry_usd_real_estate`
- Place id: `us-state-51`
- Unit: USD million
- Definition: Value added by real estate and rental and leasing (NAICS 53), the industry's contribution to gross domestic product (GDP), in millions of current US dollars. United States and states: Bureau of Economic Analysis GDP by state, table SAGDP2, line 56.
- Note: Includes the rental value of owner-occupied homes, which BEA imputes as if owners rented their homes to themselves. That is why real estate is often the largest industry in a state: in 2025 it was in 24 of the 50 states and the District of Columbia. Millions of current US dollars, not adjusted for inflation; for real growth of the whole economy use gdp_growth. Industries are the sectors of the 2017 North American Industry Classification System (NAICS), counted where production takes place. The 20 sector values of a place add up to its gdp_usd, apart from rounding. BEA leaves out values that would disclose a single company, marked (D), and values below $50,000, marked (L); they are missing here, not zero.
- Source: U.S. Bureau of Economic Analysis, SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars (https://apps.bea.gov/regional/zip/SAGDP.zip)
- Publisher page: https://invokely.ai/en/publishers/bureau-of-economic-analysis
- Retrieved: 2026-10-12
- License: Public domain (US federal government work, citation requested, no implied BEA endorsement)
- Citation: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.
- Web page: https://invokely.ai/en/gdp-by-industry-real-estate/virginia
- API: https://invokely.ai/api/v1/series?indicator=gdp_by_industry_usd_real_estate&place=us-state-51

| Period | USD million |
|---|---:|
| 2025 | 113,884.6 |
| 2024 | 106,902.9 |
| 2023 | 99,340.5 |
| 2022 | 90,412.3 |
| 2021 | 82,646.9 |
| 2020 | 76,970.6 |
| 2019 | 75,032.1 |
| 2018 | 73,760.1 |
| 2017 | 69,812.8 |
| 2016 | 66,782.3 |
| 2015 | 65,677.4 |
| 2014 | 65,266.6 |
| 2013 | 64,218.5 |
| 2012 | 61,080.9 |
| 2011 | 60,290 |
| 2010 | 59,831.7 |
| 2009 | 57,171.6 |
| 2008 | 57,211.4 |
| 2007 | 52,958.7 |
| 2006 | 47,902.6 |
| 2005 | 46,170.8 |
| 2004 | 41,879.7 |
| 2003 | 39,825.8 |
| 2002 | 38,198.8 |
| 2001 | 36,139.7 |
| 2000 | 32,644.4 |
| 1999 | 30,644.1 |
| 1998 | 27,913.8 |
| 1997 | 26,155.3 |