Over the last decade, real gross domestic product grew in South Carolina. Between 2000 and 2010 the figure grew from $130.8 billion to $145.1 billion, an increase of 11 percent. The private sector also saw 11 percent growth during the same time period. Not only does private industry provide the state with overall growth, it also makes up more than 80 percent of the state’s real gross domestic product. Foreign direct investment, such as Continental AG’s investment in Sumter, will introduce additional growth to the private industry sector and to related income in South Carolina in the years to come.
Paige Bachety and Vera Ziegler, Moore School of Business students
| Real GDP , all industry (in billions) | Real GDP,private industry(in billions) | % real GDP that is private industry | |
| 2000 | $130.8 | $108.7 | 83.1% |
| 2001 | $132.1 | $110.1 | 83.3% |
| 2002 | $134.3 | $112.1 | 83.5% |
| 2003 | $138.4 | $116 | 83.8% |
| 2004 | $139.2 | $116.4 | 83.7% |
| 2005 | $141.9 | $118.9 | 83.7% |
| 2006 | $144.1 | $120.9 | 83.9% |
| 2007 | $148.4 | $125 | 84.3% |
| 2008 | $146.6 | $122.4 | 83.5% |
| 2009 | $141.4 | $116.8 | 82.6% |
| 2010 | $145.1 | $120.9 | 83.3% |
Sources: scdash.com
Compiled by Paige Bachety and Vera Ziegler, Moore School of Business students
Learn more
These statistics came from the S.C. Economic Development Data Clearinghouse developed by the USC Moore School of Business. Visit data.moore.sc.edu
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