2023 Rogue Valley Gross Domestic Product
January 23, 2025New figures published from the Bureau of Economic Analysis show healthy gains in Oregon and Rogue Valley gross domestic product (GDP) between 2022 and 2023. GDP statistics are just some of the figures recently released and now available at the county level for 2023 at www.bea.gov.
Gross domestic product (GDP) measures the value of final goods and services produced within the United States. Also known as value added, GDP is the value of goods and services produced by private industry and government, less the value of goods and services used up in production.
In 2023, Jackson County’s gross domestic product was $ 12.9 billion, which was an increase of 3.6% from 2022 and was the 345th highest GDP among 3,114 U.S. counties. Josephine County’s GDP was $3.9 billion, up 4.9% over the year to rank 796th highest. The Rogue Valley’s GDP increase was stronger than Oregon statewide (2.3%) and the U.S. increase (2.9%).
In real, or inflation-adjusted dollars, Jackson County total GDP rose from about $6.6 billion in 2001 to $10.3 billion in in 2023. Josephine County real GDP climbed from about $1.9 billion to $3.9 billion over that time. In the past decade, Jackson County’s real GDP rose by 32.5% and Josephine’s increased by 37.9%. In comparison, U.S. total GDP climbed by 27.3% and Oregon’s GDP rose by 38.1% from 2013 to 2023.
The Rogue Valley has roughly matched the state and national trend over time. Interestingly during the year of the COVID pandemic recession, the U.S. GDP fell by 2.2% whereas Josephine County GDP declined less, down by 1.3% and Jackson County’s barely budged, down by just 0.1%. The Rogue Valley did experience declines in 2022 of 0.6% in Jackson County and 3.6% in Josephine County while U.S. GDP rose by 2.5%.
The final two charts show the share of total 2023 gross domestic product for Jackson and Josephine counties. The largest shares of economic output are in the financial activities; private educational services; health care and social assistance; and retail trade sectors in the Rogue Valley.
There are many other data and statistics available from the Bureau of Economic Analysis. For more information, visit the website at www.bea.gov and explore the interactive tables, maps, and other data.