Economy of South Carolina

By | March 4, 2023

The economy of South Carolina is diverse and growing rapidly. The state has a strong manufacturing base, with major employers such as Boeing, BMW, Michelin, and Continental Tire all having large facilities in the state. Additionally, South Carolina is home to numerous Fortune 500 companies such as Duke Energy and SCANA Corporation. These companies provide significant economic benefits to the state through job creation and investment in infrastructure.

Agriculture is also an important part of South Carolina’s economy. The state is one of the leading producers of tobacco, cotton, soybeans, peaches and pecans in the United States. In addition to these traditional agricultural products, South Carolina also produces a variety of fruits and vegetables including tomatoes, strawberries, blueberries and watermelons.

The tourism industry plays a major role in South Carolina’s economy as well. The Grand Strand area along the coast is an important destination for visitors from around the world. Myrtle Beach alone brings in over 14 million visitors each year who contribute billions of dollars to the local economy through spending on hotels, restaurants, attractions and other activities.

South Carolina’s ports are another major driver of economic activity for the state. Charleston Harbor is one of the busiest ports on the East Coast with over $90 billion worth of goods passing through each year from both domestic and international sources. Additionally, inland ports located at Greer and Dillon have become increasingly important for businesses that rely on freight transportation by rail or trucking services throughout North America.

The energy sector has also become an increasingly important part of South Carolina’s economy over recent years with nuclear power plants being built near Jenkinsville in Fairfield County as well as at Virgil C Summer Nuclear Generating Station near Columbia providing electricity to millions throughout the region. Additionally investments have been made in renewable energy sources such as solar power which offers clean energy alternatives for businesses throughout the state while creating jobs for local residents who install these systems on homes or commercial buildings.

Overall, South Carolina’s economy has seen significant growth over recent decades due to its diverse mix of industries including manufacturing agriculture tourism ports energy production. This has resulted in higher income levels more job opportunities increased investments from businesses both domestic and international. All this combined with a favorable business climate makes it easy to see why South Carolina continues to be an attractive place for businesses seeking new opportunities for growth.

Top 3 Counties in South Carolina

According to, main counties in South Carolina include:

Richland County: Richland County is located in the central part of South Carolina, and is one of the state’s most populous counties. Its population is estimated to be over 400,000 people. The county seat is Columbia, which is also the state capital. Richland County’s economy is largely driven by its manufacturing and technology sectors. It also has a large number of educational institutions, such as the University of South Carolina and Columbia College. The county offers a wide variety of recreational activities, including boating, fishing, hiking, biking trails and golf courses.

Greenville County: Greenville County is located in northwestern South Carolina and has an estimated population of 500,000 people. The county seat is Greenville, which serves as the main business center for the Upstate region of South Carolina. Greenville’s economy relies heavily on its manufacturing sector and its healthcare industry. There are several universities and colleges located in the area including Furman University and Clemson University. Additionally, there are many outdoor activities available in the area such as whitewater rafting on the Saluda River or visiting Falls Park on the Reedy River for a beautiful view of downtown Greenville.

Charleston County: Charleston County is located on the coast in southeastern South Carolina with an estimated population of 350,000 people. The county seat is Charleston which serves as a major port city for both international trade and tourism. Charleston’s economy focuses largely on hospitality services such as hotels/restaurants/bars as well as other tourism-related businesses like tour companies or museums/cultural attractions like Fort Sumter National Monument or Patriots Point Naval & Maritime Museum. Additionally there are several beaches nearby that offer great recreational activities like swimming or surfing along with plenty of historical sites to explore like Charles Towne Landing State Historic Site or Magnolia Plantation & Gardens where visitors can take a guided tour through beautiful gardens that date back centuries ago.

Economy of South Carolina