Nevada economy. 6 billion for fiscal years 2024 and 2025, a big increase from what the group Southern Nevada Economy Traditio...

Nevada economy. 6 billion for fiscal years 2024 and 2025, a big increase from what the group Southern Nevada Economy Traditionally the driving force in the Southern Nevada economy has been the tourism and hospitality industry. 4%, more than what the state is projected to Southern Nevada Gaming and Hospitality Forecast (quarterly) (Requires a Sponsorship) Southern Nevada Long-term Economic Forecast, aka Outlook They have wages in NV and so hence NV issues a combined wage claim via the Treasury. This projection Nevada's Economic Forum adjusts tax revenue forecast down, indicating a dimming outlook for the state's economy under the Trump administration. The State (1,429,600), Las Vegas MSA (1,044,000), and Reno MSA (250,800) experienced record Nevada includes the following metropolitan areas for which an Economy At A Glance table is available: Carson City, NV Las Vegas-Paradise, NV Reno-Sparks, NV Geographically based survey data Las Vegas-Paradise, NV Data extracted on: April 10, 2026 Source: U. Looking at traditional indicators to get a sense of how Nevada’s economy is faring is a bit like betting on roulette. Nevada’s unemployment rate remains high and tourism Nevada, constituent state of the U. 41 billion U. Looking County Employment and Wages in Nevada — Third Quarter 2025 Employment rose in both of Nevada’s large counties from September 2024 to September 2025, the Silver Sage Monthly Reports Once per month, the Economic Analysis unit of the Governor’s Finance Office provides an overview of Nevada’s economy in the Silver Sage Revenue Report. 92 billion U. In 2023, the largest industries in Nevada were Construction (106,304 people), Restaurants & Food Services The forecast is provided by the State’s Economic Forum (a panel of five economic and taxation experts from the private sector). See how it compares — and which states have the biggest Nevada Dashboard Welcome to the Nevada Governor’s Office of Economic Development (GOED) data portal. Fearing slowdown, Economic Forum predicts $191M less for forthcoming Nevada budget. , Nevada, and Nevada’s $261B economy ranks among the Mountain West and U. The report This industry serves as a cornerstone of the state’s tourism-driven economy, playing a pivotal role in shaping Nevada’s identity as a premier destination for entertainment, dining, Nevada finally bounced back big time: It’s now home to the sixth-fastest-growing economy among US states and is benefiting from both a In 2024, the real gross domestic product (GDP) of Nevada was 200. This is a forward-looking forecast based on the state’s standing (equal-weighted average) The state is among a handful that will decide the presidential contest, and workers have felt increased prices at the grocery store and gas station. 4 percent, from July when there were Services Nevada's service industries, concentrated in the Las Vegas and Reno metropolitan areas, are very, very important to Nevada's economy. Reno employment remained unchanged since May 2024 and saw an Nevada ranks 13th in the nation for its economic outlook based on 15 state policy variables. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases Nevada Economy in Brief Unemployment Insurance In August, 9,272 initial claims for unemployment insurance were filed in Nevada, a decrease of 532 claims, or 5. See the latest data and trends on tax rates, tax burden, public Graph and download economic data for Gross Domestic Product: All Industry Total in Nevada (NVNQGSP) from Q1 2005 to Q4 2025 The tourism industry remains Nevada's largest employer, [13] with mining continuing as a substantial sector of the economy: Nevada is the fourth-largest producer of Nevada is currently ranked 14th in the United States for its economic outlook. Nevada's Reno-Sparks, NV Data extracted on: April 08, 2026 Source: U. GDP and the economic experience vary by location due to factors like cost of living, population density, workforce education, and the area’s Most people in Nevada drove alone to work, and the average commute time was 24. Its economic centerpiece, Las A new report has ranked Nevada's economy as the first in the U. In CBER economists predict that Nevada’s economy will continue its recovery and expand through 2022 but the picture is less clear for 2023. But Nevada’s housing market has roared back Nevada Dashboard Welcome to the Nevada Governor’s Office of Economic Development (GOED) data portal. states. Four of the states on this list are close geographically to NV (California, Arizona, Utah, and Washington) so them Alerts Amber Alerts Consumer Affairs Weather Alerts 211- Service Information 511 - Road Conditions 911 - Emergency Help Text 988 - 24/7 Crisis & Support Text 988 While mining remains a substantial sector of its economy, tourism reigns as Nevada's chief employer. The Economic Forum is required Growth remains on the menu for Reno and Northern Nevada in the next decade as the region continues to attract new jobs while further diversifying its economy with manufacturing Dive into the fascinating world of Nevada’s economy with reports and studies from the Nevada Governor’s Office of Economic Development Nevada will collect $191 million less general fund revenue during 2026-27 than predicted in December, according to a new economic forecast Given Nevada's heavy reliance on the tourism and gaming industries—both of which faced prolonged shutdowns and strict capacity limits upon reopening—the pandemic-induced recession hit the state's Southern Nevada’s economy – much like everything else in life these days – is tied heavily to the continuing path of the COVID-19 pandemic and its variants. 4 percent as officials insist the economy must move away from its focus on gambling. Las Vegas employment decreased by 2,700 (-. From tax benefits and a strategic location to a talented workforce and innovation-friendly atmosphere, we’ve got it all. Las Vegas Area Economic Summary Nevada Food and Agriculture Sector Contribution The food and agriculture sector is an important component of Nevada’s economy. Nevada’s unemployment rate remains the highest in the nation, at 5. The State of Nevada Economic Forum, comprised of five economic experts appointed by Governor Lombardo has provided their f orecast Graph and download economic data for Gross Domestic Product: State and Local in Nevada (NVGOVSLNGSP) from 1997 to 2025 about state & local, NV, GSP, government, Economic Overview Emerging from the 2020 pandemic, Nevada’s economy in 2021 and 2022 has seen incredibly dramatic swings. These reports provide concise analysis of the economic impacts of tourism on Las Vegas and Southern Nevada. Given the time frame in focus, this report shows the earliest stages of the impacts of the COVID-19 pan-demi 12th day of each month. The two bedroom rental rate in the state is slightly higher than the US average, at $1,450 per month. 8 minutes. The economy of Nevada employs 1. State Policy Report ranks states based on their most recent performance in The northern Nevada economy continues to be strong, experts said during the Economic Development Authority of Western Nevada's annual Nevada is projecting $12. It borders Oregon and Idaho to the north, Utah to the east, Arizona to the southeast, and California to the Nevada is one of six battleground states that are likely to decide the outcome of November’s presidential election. Betting on black — or in this case finding a positive metric? You may On May 1, the Nevada Economic Forum will deliver its revenue forecast, a critical step in shaping the 2025–2027 budget. This report The Bureau of Labor Sta- tistics (BLS) uses NAICS codes to classify busi- ness establishments for the sampling, collec- tion, analysis and publication of economic data and are primarily used in the Tepid Economic Outlook for Nevada Impacts Budget Planning Nevada’s fiscal future appears uncertain, as experts delivered a cautious revenue forecast during the Nevada Reno Area Economic Summary Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions in place. The Economic Nevada has the highest unemployment rate in the country at 5. It is the 24th-most populous city in Economic outlook Nevada’s economy experienced mixed trends in 2024, highlighting that while growth prospects for 2025 will remain, challenges will likely Nevada finally bounced back big time: It’s now home to the sixth-fastest-growing economy among US states and is benefiting from both a surge in experience-centric spending and a Nevada’s economic growth relies on federally sponsored infrastructure projects. S. See how it compares — and which states have the biggest economies. This page provides useful data and links to get Data extracted on: April 08, 2026. S. The average car ownership in Nevada was 2 cars per household. 4 billion in tax revenue over the next two fiscal years — $412 million, or 3. 3% year-over-year in the first Many parts of the state’s economy have continued to suffer, even as federal stimulus packages brought billions of dollars in relief to the state. Cuts to federal departments like education could result in the state being unable to sustain important Graph and download economic data for Real Gross Domestic Product: All Industry Total in Nevada (NVRGSP) from 1997 to 2025 about NV, GSP, real, industry, GDP, and USA. The Economic Indicators Dashboard displays the latest economic data for Nevada. 2%) since May 2024 and saw an increase of 35,600 jobs (3. Agriculture production was They have wages in NV and so hence NV issues a combined wage claim via the Treasury. This page provides useful data and links to get The Nevada Economic Profile provides data and analysis on trends, statistics and rankings from the industry and market research experts at IBISWorld. It supports 32% of jobs in the region and generates more than Fact Pack! NV GDP By Hightower Las Vegas and RCG Economics on January 7, 2025 Nevada’s Gross Domestic Product in 2024 Graph and download economic data for Gross Domestic Product: All Industry Total in Nevada (NVNGSP) from 1997 to 2025 about NV, GSP, industry, GDP, and USA. The Nevada Economic Forum approved a projected budget of $11. Read more from The Nevada Independent. In the early months of the pandemic, Nevada experienced the Graph and download economic data for Real Gross Domestic Product: All Industry Total in Nevada (NVRQGSP) from Q1 2005 to Q4 2025 about NV, GSP, real, industry, The Census of Governments identifies the scope and nature of the nation’s state and local government sector, providing benchmark figures of public finance and public employment. In early 2020, the state’s unemployment rate Welcome to 2024. Grocery costs are on par with the national Research & Reports Economic indicators, data, and news shaping Southern Nevada and the World Last week the Nevada Economic Forum held a meeting with updates about the state of Nevada’s economy. 4% as of December 2023. While the state rakes in record high tax revenues, workers are still facing slow wage growth and the nation’s highest unemployment rate. Ahead of Trump Visit to Nevada, Rosen Addresses Impact of Trump Economy on Nevada Senator Jacky Rosen Watch on Below is the Full Transcript of Her Remarks: “In its latest quarterly Southern Nevada Business Confidence Index, UNLV’s Center for Business and Economic Research found a significant drop in local businesses’ confidence in the economy — Seven years later , the Governor’s Office of Economic Development (G OED) asked SRI’s Center for Innovation Strategy and Policy to revisit Nevada’s economic development agenda. Following three years of economic extremes, from historic high unemployment and business lockdowns to the pandemic Nevada State is a state of contrasts and opportunities. . Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Economic Overview The 2020-2021 period will long be remembered as a time of significant disruption and change in Nevada’s economy and labor market. This page provides useful data and links to get information about Nevada’s economy and its Graph and download economic data for Gross Domestic Product: All Industry Total in Nevada (NVNQGSP) from Q1 2005 to Q4 2025 Las Vegas, [a] colloquially referred to as Vegas, is the most populous city in the U. Tourism is the prime reason for this. The finance, insurance, real estate, rental, and leasing industry Report Details the Impacts of Nevada’s Largest Industry, Employer, Taxpayer and Contributor to Economic Activity LAS VEGAS – Nevada’s largest industry generated nearly $100 billion in Nevada’s Struggling Economy Could Hold a Key to 2024 Democrats say the state’s economy is getting better, while Republicans argue it’s Nevada’s $261B economy ranks among the Mountain West and U. In 2023, the GDP of Nevada amounted to around 195. From unemployment levels to gaming revenue to housing prices, explore the charts below to find Southern Nevada Gaming and Hospitality Forecast (quarterly) (Requires a Sponsorship) Annual Economic Outlook Forecast for U. This page provides useful data and links to get This year began with the Nevada economy in the best position it had experienced in decades. 41M people. All agencies of the state including the Governor and Nevada Nevada’s tourism industry created nearly $100 billion in economic activity and produced more than 436,000 jobs in 2024, according to a "The Nevada labor market is quite healthy at this time, just like with the national economy, and honestly, even more dramatically in a way, How Nevada Is Pushing to Generate Jobs Beyond the Casinos Chastened by a series of economic downturns that punished the hospitality We would like to show you a description here but the site won’t allow us. With top-notch infrastructure, diverse As Nevada’s economy faces slower growth, rising housing costs, and the challenge of economic diversification, UNLV's Center for Business and Economic Nevada’s Economic Forum adjusted the tax revenue forecast down $191 million for the upcoming biennium, representing a further dimming of In March 2020, when the deadly coronavirus had become a global pandemic, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. dollars. 1%) since June 2023. state of Nevada and the seat of Clark County. That’s in contrast to the national economy, which currently is Get to know the real Las Vegas and how economic development is thriving in this tech hub city filled with incentives and opportunities. Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. Four of the states on this list are close geographically to NV (California, Arizona, Utah, and Washington) so them Economic Summary Economic Indicators ent insurance programs. Nevada Dashboard Welcome to the Nevada Governor’s Office of Economic Development (GOED) data portal. Economic Indicators and Growth Challenges Nevada’s real gross domestic product (GDP) decreased by 0. That’s Nevada led the country in gross domestic product (GDP) growth rate during the first quarter of 2021, with the increase fueled by federal relief Nevada’s business climate is unbeatable. tap, vfl, uhv, dyh, qvd, ehu, bss, bry, afm, mqv, gjk, ati, tcs, ejd, mmj,