The Charles County Economic Development Department (CCEDD) has announced that Charles County has achieved a significant milestone. In 2023, it ranked 11th in Maryland for economic performance.

According to data released by the Bureau of Economic Analysis (BEA) on December 4, 2024, this marks a substantial improvement from the county’s 16th-place ranking in 2022.

“This achievement reflects the dedication and hard work of our community, businesses, and local government in fostering economic growth and innovation,” stated Acting County Administrator Deborah E. Hall. “Economic development is one of the key goals and objectives of our County Commissioners, and this recognition underscores their commitment to creating opportunities, attracting investment, and enhancing the quality of life for all who live and work in Charles County.”

The BEA’s release of Gross Domestic Product (GDP) data offers valuable insights into the economic health of counties, states, and major markets across the United States. Charles County’s GDP saw impressive gains in 2023, including more than half a billion dollars in Real Dollar GDP growth. This inflation-adjusted measure reflects the value of goods and services produced within the county’s economy during the year. In 2023 alone, Charles County’s GDP grew by 1.5%, reaching $7.7 billion, reflecting the county’s rapidly growing and diversifying economy. Over the past decade, Charles County has experienced Real Dollar GDP growth in seven of the last ten years, underscoring its stability and momentum.

“Charles County is committed to fostering a thriving business environment that supports our local entrepreneurs and attracts new industries to the region,” shared Kelly Robertson-Slagle, Director of the Charles County Economic Development Department. “Tracking GDP is a key indicator of our economic health, and consistent growth in this area reflects our continued efforts to diversify the economy, attract investment, and create job opportunities. This achievement highlights our commitment to building a vibrant community where people want to live, work, and play.”

See more on this achievement on the Charles County website