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US State economic profile
Nevada - Economic Profile
Statistics, economic information and rankings for the Silver State
In 2026, the state of Nevada has a population of 3,356,309, having grown an annualized 1.3% over the five years to 2026, which ranks it 9th out of all 50 US states by growth rate. Nevada's gross state product (GSP) in 2026 reached $214.2b, with growth of 3.2% over the 5 years to 2026. Businesses in Nevada employed a total of 1,969,409 people in 2026, with average annual employment growth over the past five years of 3.1%. The top three sectors by total employment are Real Estate & Rental & Leasing, Accommodation & Food Services, Healthcare & Social Assistance, while the unemployment rate across the state in 2026 was 6.4%.
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State economic profile
Nevada Economic Overview
$214.2b
Gross state product
3,356,309
Population
403,693
Businesses
What is Nevada's Gross Domestic Product (GDP)?
In 2026, Nevada's GDP reached $214.2b, representing an increase of 3.2% from 2025. Nevada's GDP has grown at an annualized rate of 2.3% over the five years to 2026. Moreover, Nevada's trailing five-year GDP growth ranks it 7th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in Nevada's GDP, and compare them to the national average, using the chart below.
State economic profile
Nevada Industry Trends
Learn about current trends affecting the most significant industries for Nevada's state economy, down to the county level. IBISWorld offers state industry research reports on over 30,000 industries across all 50 states in the US, including 627 industries in Nevada.
What are Nevada's Largest Industries by Revenue?
The largest industries by revenue in Nevada are Casino Hotels, Lotteries & Native American Casinos and Hospitals, which generated $29.1b, $15.1b and $12.5b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Casino Hotels | $29.1b |
| 2. | Lotteries & Native American Casinos | $15.1b |
| 3. | Hospitals | $12.5b |
| 4. | Health & Medical Insurance | $11.8b |
| 5. | New Car Dealers | $11.5b |
| 6. | Gold & Silver Ore Mining | $10.4b |
| 7. | Automobile & Light Duty Motor Vehicle Manufacturing | $9.8b |
| 8. | Supermarkets & Grocery Stores | $8.5b |
| 9. | Warehouse Clubs & Supercenters | $8.2b |
| 10. | Public Schools | $8.0b |
State economic profile
Top Companies in Nevada
Learn about current trends affecting the top companies in Nevada. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in Nevada by Employment
The largest companies by employment in Nevada are Mgm Resorts International, Clark County School District and Vici Properties, which employed 55,000, 44,189 and 18,500 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | Mgm Resorts International | 55,000 | 2.8% |
| 2. | Clark County School District | 44,189 | 2.2% |
| 3. | Vici Properties | 18,500 | 0.9% |
| 4. | Amazon.Com, Inc. | 17,000 | 0.9% |
| 5. | Walmart | 16,077 | 0.8% |
| 6. | Wynn Las Vegas Llc | 14,421 | 0.7% |
| 7. | Clark County | 10,000 | 0.5% |
| 8. | Washoe County School District | 7,588 | 0.4% |
| 9. | Las Vegas Metropolitan Police | 5,600 | 0.3% |
| 10. | University of Nevada Las Vegas | 4,451 | 0.2% |
State economic profile
Nevada Sector Statistics
In Nevada, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Nevada's GDP by Sector?
The Real Estate & Rental & Leasing, Accommodation & Food Services and Healthcare & Social Assistance sectors contributed the most to Nevada's GDP in 2026, representing a combined 37.8% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state economy, in addition to how the state economy is evolving over time.
| Sector | GDP | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Real Estate & Rental & Leasing | 33,633,118,457 | 4.1% | 4.4% |
| Accommodation & Food Services | 27,947,122,950 | 6.2% | 6.5% |
| Healthcare & Social Assistance | 14,964,590,218 | 5.2% | 5.6% |
| Professional, Scientific & Technical Services | 14,631,055,217 | 7.9% | 8.1% |
| Retail Trade | 14,474,730,330 | 3.4% | 2.9% |
| Construction | 14,093,383,635 | 0.8% | 0.1% |
| Finance & Insurance | 10,352,986,692 | -1.0% | -2.2% |
| Information | 10,073,640,030 | 10.0% | 8.9% |
| Transportation & Warehousing | 9,851,679,321 | 4.4% | 3.9% |
| Management of Companies and Enterprises | 9,652,790,944 | 9.1% | 9.5% |
| Manufacturing | 8,766,305,287 | 1.1% | 1.1% |
| Administration, Business Support and Waste Management Services | 8,687,895,686 | 6.1% | 7.2% |
| Wholesale Trade | 7,483,146,996 | 0.7% | 0.6% |
| Arts, Entertainment & Recreation | 7,056,002,467 | 8.1% | 9.1% |
| Other Services (except Public Administration) | 3,329,266,436 | 1.3% | 2.4% |
| Utilities | 3,030,726,446 | 4.7% | 7.0% |
| Mining | 2,683,581,361 | -6.5% | -9.2% |
| Educational Services | 1,300,378,800 | 4.7% | 5.0% |
| Agriculture, Forestry, Fishing & Hunting | 318,158,466 | -1.6% | -1.2% |
What is Nevada's Employment by Sector?
The Accommodation & Food Services, Transportation & Warehousing and Retail Trade sectors contributed the most to employment in Nevada in 2026, representing a combined 45.5% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Accommodation & Food Services | 332,484 | 1.6% | 4.5% |
| Transportation & Warehousing | 304,731 | 3.1% | 5.7% |
| Retail Trade | 259,674 | 3.6% | 5.0% |
| Healthcare & Social Assistance | 184,351 | 4.0% | 3.2% |
| Administration, Business Support and Waste Management Services | 150,729 | 2.1% | 2.0% |
| Construction | 144,458 | 2.3% | 2.2% |
| Professional, Scientific & Technical Services | 115,524 | 3.1% | 3.9% |
| Educational Services | 79,389 | 6.2% | 6.4% |
| Real Estate & Rental & Leasing | 77,085 | 1.2% | 1.8% |
| Arts, Entertainment & Recreation | 61,809 | 2.0% | 4.7% |
| Other Services (except Public Administration) | 55,572 | 2.0% | 3.1% |
| Finance & Insurance | 54,691 | 0.9% | 1.8% |
| Manufacturing | 52,910 | 2.0% | 3.5% |
| Wholesale Trade | 43,325 | 1.7% | 2.8% |
| Information | 28,995 | 4.6% | 2.7% |
| Mining | 16,931 | 0.3% | 3.2% |
| Utilities | 5,708 | 0.8% | 2.0% |
| Agriculture, Forestry, Fishing & Hunting | 1,043 | -1.3% | -2.2% |
State economic profile
Nevada Employment Trends
2.0m
Employment
6.4%
Unemployment
What Employment Trends are Impacting Nevada?
The state of Nevada employs 1,969,409 people in 2026, which ranks it 30th out of all 50 US states. Employment in Nevada has grown at an annualized rate of 3.9% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in Nevada include Accommodation & Food Services, Transportation & Warehousing and Retail Trade, which employed 332,484, 304,731 and 259,674 people in 2026, respectively. Nevada's unemployment rate is 6.4% in 2026, which ranks it 50th out of all 50 US states. Nevada's unemployment rate has trended downwards at a rate of -1.1% over the five years to 2026, overperforming the US economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Nevada, and compare them to the US economy, using the chart below.
$119.7k
Per capita disposable income
What is Nevada's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Nevada's DPI in 2026 was $119.7k, compared to the US average of $156.5k, which places it 37th out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Nevada's per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
Nevada Construction & Building Trends
$8,227.5tn
Nonresidential construction
$4.4tn
Residential construction
16,138
Building permits
What can construction trends tell you about a state’s economy?
In Nevada, non-residential construction was $8,227.5tn in 2026, which ranks it 16th out of all 50 US states. Residential construction was $4.4tn in 2026, which places Nevada 8th out of all 50 US states. The number of building permits issued in Nevada in 2026 was 16,138, representing a -7.3% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Nevada, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
Nevada Population Statistics
Which Counties in Nevada have the Largest Populations?
The counties with the highest populations in Nevada are Clark County, Washoe County and Lyon County, which had populations of 2,399,710, 506,398 and 65,622 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Clark | 2.4m | 0.9% | 71.5% |
| Washoe | 506.4k | 0.5% | 15.1% |
| Lyon | 65.6k | 1.6% | 2.0% |
| Nye | 59.5k | 2.2% | 1.8% |
| Carson City | 57.7k | -0.2% | 1.7% |
| Elko | 55.0k | 0.4% | 1.6% |
| Douglas | 49.4k | -0.1% | 1.5% |
| Churchill | 26.1k | 0.3% | 0.8% |
| Humboldt | 16.8k | -0.6% | 0.5% |
| White Pine | 8.0k | -1.9% | 0.2% |
| Pershing | 6.2k | -1.0% | 0.2% |
| Lander | 5.8k | 0.2% | 0.2% |
| Mineral | 4.5k | -0.4% | 0.1% |
| Lincoln | 4.5k | N/A | 0.1% |
| Storey | 4.2k | 0.5% | 0.1% |
| Eureka | 2.0k | 1.3% | 0.1% |
| Esmeralda | 730.4 | -0.3% | 0.0% |
State economic profile
Nevada Demographics
In Nevada, 29.2% of the population has a Bachelors or higher. The largest ethnic group in Nevada is White, accounting for 42.4% of the state's population.
Education level in Nevada
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 29.2 |
| Other | 70.8 |
Race in Nevada
| Race | Share (%) |
|---|---|
| White | 42.4 |
| Hispanic | 31.4 |
| Asian | 10.5 |
| Black | 10.0 |
| Other | 5.7 |
Nevada State industry reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 627 Nevada industry reports.
Other states to explore
Compare Nevada’s economy with other states in the United States.
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