Here are 51 business stats about Washington DC for 2025.
Basics:
Population: 678,972 (US Census 2020)
Population desnity per square mile: 11,280.70
GDP: $174,796 (millions USD)
GDP Per Capita: $259,938
Median household income (in 2022 dollars): $101,722
Real GDP Growth Rate: 1.00%
Total Employment: N/A
Unemployment Rate: N/A
Rankings
% Share of National Economy: 0.64%
State Economic Growth Rank (out of 50): 36
Population Growth Rank (out of 50): N/A
Business Growth Rank (out of 50): N/A
State Growth Rank in Employment (out of 50): N/A
Biggest Industries In Washington DC By Revenue
N/A
Biggest Employers In Washington DC
N/A
Small Businesses In Washington DC
Number of Small Businesses 75,579
Percent of bossiness that are small businesses: 98.10%
Number of employees: 260,713
Share of Employment: 48.00%
Number of New Businesses In The Past Year: 6,497
Number of Businesses That Closed In The Past Year: 3,950
Net Change In New Businesses: 2,547
Number of Businesses With No Employees: 58,164
Number of Businesses with 1-19 Employees: 13,667
Number of Businesses with 20-499 Employees: 3,748
Share of Businesses Owned By Women: 47.40%
Share of Businesses Owned By Veterans: 4.10%
Share of Hispanic Owned Businesses: 8.00%
Share of Businesses Owned By Racial Minorities: 43.30%
Fortune 500 Companies In Washington DC
Number of Fortune 500 Headquaters: 2
Biggest Company: Fannie Mae
Biggest Company Type: Diversified Financials
Number of Employees: 8,000
Revenue (in millions): $121,596
Taxes In Washington DC
State Corporate Tax Rate: 8.25%
State Corporate Tax Rate Brackets: $0
State Sales Tax Rate: 6.00%
State Sales Tax Rank (out of 50): N/A
Average Local Sales Tax Rate: 0.00%
Max Local Sales Tax Rate: 0.00%
Average Combined Sales Tax Rate: 6.00%
Combined Sales Tax Rank (out of 50): N/A
Minimum State Income Tax Rate If You’re Single: 4.00%
Minimum State Income Tax Rate If You’re Married: 4.00%
General Washington DC Population Facts
In civilian labor force, total, percent of population age 16 years+: 71.40%
In civilian labor force, female, percent of population age 16 years+: 69.80%
Share of population which is foreign born: 13.40%
Mean travel time to work (minutes), workers age 16 years+: 30.5
Housing
Number of Housing Units: 367,147
Owner-occupied housing unit rate: 41.40%
Median value of owner-occupied housing units: $705,000
Median gross rent per month: $1,817
Households with a computer: 95.40%
Households with a broadband Internet subscription: 89.00%
Education
High school graduate or higher, percent of persons age 25 years+: 92.70%
Bachelor’s degree or higher, percent of persons age 25 years+: 89.00%
Also See
- Washington DC Registered Agent Services
- Washington DC Secretary of State Business Search
- How To Form an LLC In Washington DC
- Washington DC Bookkeepers & Bookkeeping Services
Sources
- https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
- https://en.wikipedia.org/wiki/Washington,_D.C.#Economy
- N/A
- 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-DC.pdf
- https://www.bls.gov/eag/
- https://www.bls.gov/regions/mid-atlantic/district_of_columbia.htm#eag
- https://www.census.gov/quickfacts/fact/table/DC,US/PST045223
- https://www.50pros.com/fortune500
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