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Economy

Canyon County Economic Output Reaches $8.92 Billion in 2024

Economic data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau shows Canyon County’s real gross domestic product (GDP) reached $8.92 billion in 2024, according to figures compiled by usafacts.org. The Treasure Valley jurisdiction saw a 5.3% increase in economic output compared to the previous year, signaling continued growth in the region’s diverse industrial base.

Sector Performance Drives Growth

The real estate and rental and leasing industry remained the largest contributor to Canyon County’s economy in 2024, adding $1.78 billion to the total GDP. Manufacturing followed as a significant pillar, contributing $1.18 billion, while the construction sector added $884.9 million. These figures highlight the strength of traditional industries that support local families and businesses across Nampa, Caldwell, and Middleton.

The information industry has also seen substantial expansion over the last decade. Data indicates that the GDP generated by this sector in 2024 was 2.6 times higher than it was in 2014, reflecting a shift toward technology and digital services in the area’s economic landscape.

Per Capita Economic Standing

On a per-person basis, Canyon County recorded a real GDP equivalent of $33,400 in 2024. This represents a 1.9% increase from 2023 levels. When ranked against all 44 counties in Idaho, Canyon County placed 35th for real GDP per person.

The county’s per capita economic output sits closely with neighboring regions. Bingham County ranked 34th, just ahead of Canyon County, while Adams County followed at 36th. These rankings suggest a comparable standard of living and economic productivity among these Idaho communities.

Broader Idaho Economic Context

The growth in Canyon County aligns with broader positive trends in the state’s finances. As noted in recent coverage, Idaho revenue forecasts have strengthened as collections exceed projections for Fiscal 2027, indicating a healthy fiscal environment for local governments and taxpayers alike.

Economic development remains a priority for regional leaders. For instance, the search for leadership at urban renewal agencies continues to shape how cities manage growth and infrastructure investments. The recent selection of a finalist to lead Boise’s urban renewal agency highlights ongoing efforts to streamline economic development across the Treasure Valley.

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