Northern Virginia
by James C. Sherlock
The Washington Business Journal (WBJ) reported today that annual federal contracting in Northern Virginia has reached $60 billion. That compares to federal contracting there of $33.7 billion in 2000 (2020 dollars).
As a reference points, I consulted St. Louis Fed data for Virginia GDP in those same years and converted the 2000 data to 2020 dollars.
The GDP of Virginia in 2020 was $551.8 billion. In 2000 the GDP of the state was $412.1 billion in 202o dollars.
So, the percentage of Virginia GDP attributable to federal contracting in Northern Virginia increased from 8.1% in 2000 to 10.9% in 2020.
No comment, just observation.
