51 Washington Business Stats & Facts For 2025

Here are 51 business stats about Washington for 2025.

Basics:

Population: 7,812,880 (US Census 2020)
Population desnity per square mile: 115.90
GDP: $801,515 (millions USD)
GDP Per Capita: $103,462
Median household income (in 2022 dollars): $90,325
Real GDP Growth Rate: 1.80%
Total Employment: 3.6m
Unemployment Rate: 4.9%

Rankings

% Share of National Economy: 2.93%
State Economic Growth Rank (out of 50): 2
Population Growth Rank (out of 50): 8
Business Growth Rank (out of 50): 8
State Growth Rank in Employment (out of 50): 32

Biggest Industries In Washington By Revenue

1. Software Publishing: $64.4b
2. Hospitals: $33.5b
3. New Car Dealers: $27.1b
4. Drug, Cosmetic & Toiletry Wholesaling: $27.1b
5. E-Commerce & Online Auctions: $25.5b
6. Aircraft, Engine & Parts Manufacturing: $22.7b
7. Wireless Telecommunications Carriers: $21.9b
8. Supermarkets & Grocery Stores: $21.2b
9. Petroleum Refining: $20.9b
10. Operating Systems & Productivity Software Publishing: $20.0b

Biggest Employers In Washington

1. Amazon.Com, Inc.: 85,000 (2.3%)
2. Microsoft Corporation: 44,782 (1.2%)
3. University Of Washington: 36,491 (1.0%)
4. Boeing Co: 35,000 (1.0%)
5. Walmart Inc.: 23,393 (0.6%)
6. The Kroger Co.: 21,497 (0.6%)
7. Swedish Health Services: 12,496 (0.3%)
8. United States Postal Service: 12,235 (0.3%)
9. The Home Depot, Inc.: 10,086 (0.3%)
10. Target Corp: 8,183 (0.2%)

Small Businesses In Washington

Number of Small Businesses 644,868
Percent of bossiness that are small businesses: 99.50%
Number of employees: 1,400,000
Share of Employment: 49.00%
Number of New Businesses In The Past Year: 41,711
Number of Businesses That Closed In The Past Year: 20,297
Net Change In New Businesses: 21,414

Number of Businesses With No Employees: 488,871
Number of Businesses with 1-19 Employees: 138,968
Number of Businesses with 20-499 Employees: 17,029
Share of Businesses Owned By Women: 46.40%
Share of Businesses Owned By Veterans: 7.30%
Share of Hispanic Owned Businesses: 6.50%
Share of Businesses Owned By Racial Minorities: 16.10%

Fortune 500 Companies In Washington

Number of Fortune 500 Headquaters: 15
Biggest Company: Amazon.com
Biggest Company Type: Internet Services and Retailing
Number of Employees: 1,541,000
Revenue (in millions): $513,983

Taxes In Washington

State Corporate Tax Rate: N/A
State Corporate Tax Rate Brackets: N/A

State Sales Tax Rate: 6.50%
State Sales Tax Rank (out of 50): 9
Average Local Sales Tax Rate: 2.88%
Max Local Sales Tax Rate: 4.10%
Average Combined Sales Tax Rate: 9.38%
Combined Sales Tax Rank (out of 50): 4

Minimum State Income Tax Rate If You’re Single: 7.0% on capital gains income only
Minimum State Income Tax Rate If You’re Married: 7.0% on capital gains income onl

General Washington Population Facts

In civilian labor force, total, percent of population age 16 years+: 63.60%
In civilian labor force, female, percent of population age 16 years+: 58.70%
Share of population which is foreign born: 14.90%
Mean travel time to work (minutes), workers age 16 years+: 27.3

Housing

Number of Housing Units: 3,361,615
Owner-occupied housing unit rate: 63.80%
Median value of owner-occupied housing units: $473,400
Median gross rent per month: $1,592
Households with a computer: 96.10%
Households with a broadband Internet subscription: 92.10%

Education

High school graduate or higher, percent of persons age 25 years+: 92.10%
Bachelor’s degree or higher, percent of persons age 25 years+: 38.00%

Also See

• Washington Registered Agent Services
• Washington Secretary of State Business Search
• How To Form an LLC In Washington
• Washington Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Washington_(state)
• https://www.ibisworld.com/united-states/economic-profiles/washington/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-WA.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/west/washington.htm#eag
• https://www.census.gov/quickfacts/fact/table/WA,US/PST045223
• https://www.50pros.com/fortune500