South Carolina Economic Outlook 2026
GDP growth, unemployment, tariff impacts, and economic forecast for South Carolina heading into the 2026 elections.
3.1%
GDP Growth Rate
3.4%
Unemployment Rate
Surplus
State Budget Outlook
Growing
Job Growth Forecast
2026 Economic Overview
South Carolina is a manufacturing success story with German auto investment and Boeing aerospace. Tariffs on European goods directly impact BMW and Volvo production. Republicans credit low regulation; Democrats credit union-negotiated benefits.
Key Economic Indicators
| Indicator | Value / Status |
|---|---|
| GDP Growth Rate | 3.1% |
| Unemployment Rate | 3.4% |
| Top Economic Sector | Auto Manufacturing, Aerospace, Ports |
| State Budget Outlook | Surplus |
| Job Growth Forecast | Growing |
| Tariff Impact | High — BMW, Volvo plants; Boeing 787 production; major port traffic |
| Key Economic Risk | Auto tariffs affecting German-brand manufacturing; Boeing production uncertainty |