50 in 50: Washington

50 states in 50 weeks: U.S. states economic and infrastructure highlights.

Key Economic Indicators

GDP: $568.3 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): 4.2% (U.S: 1.6%)

GDP per capita: $75,219 (U.S.: $58,154)

Population: 7.7 million

Population 5-year CAGR (2017-2021): 1.0% (U.S.: 0.5%)

Unemployment: 4.3% (U.S.: 3.9%)

Economic health ranking: #11 out of 50

Fiscal health ranking: #28 out of 50

Overall tax climate ranking: #16 out of 50 

Key Sectors and Metro Areas

Top five industry sectors by 2021 GDP:

GDP ($ billions)
% of total GDP
Real estate and rental and leasing
Retail trade
State and local

Top three industry sectors by GDP 5-year CAGR (2017-2021):

GDP 5-year CAGR
Professional, scientific, and technical services
Finance and insurance

Top three metro areas by GDP:

  • Seattle-Tacoma-Bellevue
  • Spokane-Spokane Valley
  • Kennewick-Richland

Top three areas by population 5-year CAGR (2016-2020):

  • Olympia-Lacey-Tumwater
  • Kennewick-Richland
  • Bellingham

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2019): C

Washington will receive around $8.6 billion in infrastructure funds from the Infrastructure Investment and Jobs Act (IIJA), which will help the state address aging water and wastewater systems and a high percentage of roads in poor condition (27%) over the next five years. Although Washington has experienced tremendous urban growth in recent years, investments will need to be balanced based on needs of rural areas as well. Additionally, Washingtonians will look to dedicate resources to environmental sustainability and resilience to natural disasters, given its location within the unique Cascadian bioregion. The IIJA will make the following funds available to Washington over the next five years (additional funds may be deployed as federal grants get awarded to states):

Improvement Area
$4.7 billion
Roads and highways
$1.8 billion
Public Transportation
$882 million
Water infrastructure
$605 million
Bridges replacement and repair
$385 million
$100 million
Broadband (minimum allocation)
$71 million
Electric vehicle (EV) charging network
$39 million
Wildfires protection
$18 million
Cyberattacks protection

Construction spending (Value of Construction Put in Place – CPiP):

  • Private Nonresidential 2020 CPiP: $6.2 billion; -3.2% 5-year CAGR (2016-2020), below overall U.S. CAGR of 2.0%
  • State & Local 2020 CPiP: $12.6 billion; 6.9% 5-year CAGR (2016-2020), above overall U.S. CAGR of 4.8%

AE Industry

ENR 500 firm headquarters (2021): 17

M&A activity since 2018:

  • 30 deals with buyers from Washington
  • 39 deals with sellers from Washington

For customized market research, contact Rafael Barbosa at [email protected] or 972.266.4955. Connect with him on LinkedIn.

Weekly real-time market and industry intelligence from Morrissey Goodale.

Read Newsletter

The AE industry’s weekly go-to source for the latest information on M&A deals and trends.

Read Newsletter

Bringing you snapshots of key market sectors, business management ideas, and must-know information for managing and leading your firm.

Read Newsletter

Brining you new ideas for impacting people performance including the latest on company culture, work-life balance, time management, developing next-generation leaders, and new management ideas being implemented in other industries.

Read Newsletter

An insider’s look at the latest trends in attracting, recruiting, retaining, and hiring people in the competitive AE industry.

Read Newsletter

A guide to help you better understand how AE firms are valued and – perhaps more importantly – what you can do to build value now.

Read Newsletter

Overviews on what industry consolidation means and forecasts for where activity, deals, and pricing is headed.

Read Newsletter

At-a-glance snapshots of key market indicators in various market sectors and geographies.

Read Newsletter

Achieve goals and outcomes and reshape your future!

Purchase Today!

Subscribe to our Newsletters

Stay up-to-date in real-time.