Inside SC Business

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.