MONROE — Union County ranks ninth in the state (out of 100 counties) in Gross Domestic Product (GDP) growth from 2020 to 2021, according to a study conducted by financial technology company Smart Asset.
Union County’s GDP grew by roughly $400 million over that span, per the report; the County’s business growth was 10.6%, which was the highest percentage of any county that made the top 10.
Mecklenburg County ranked No. 1 in the study with a GDP growth of $2.654 billion. Mecklenburg’s business growth was 7.1%.
Wake County ranked second with a GDP growth of $2.421 billion and a percentage business growth of 6.9%, and Guilford County also had a GDP growth over a billion dollars ($1.092) and a growth rate of 2.3%.
Also making the top 10 list of high-performing economies in N.C. were: Buncombe County ($711 million), Forsyth ($693 million), New Hanover ($626 million), Durham ($615 million), Cumberland ($458 million) and Iredell ($394 million).
Wake County has the highest population in the state with 1,152,740 residents as of 2021, according to worldpopulationreview.com, with a growth rate of 27.1% since 2010. Mecklenburg is second in population with 1,143,570 (23.9% growth since 2010) and Guilford County is a distant third with 546,308 (11.6% growth since 2010). Union County’s ranked eighth in the state in population with 247,917 residents (22.7% growth rate since 2010), per worldpopulationreview.com.