Snapshot of Charlotte's Economy


Charlotte is the second largest financial center after New York, and has a GDP of $153 billion (2015). The unemployment rate is 4.8% (July 2016) and, according to the U.S. Chamber of Commerce Foundation, North Carolina ranks in the top ten states for high-tech performance.

Continue Reading Below put together a list on the Charlotte economy and some of the largest businesses that occupy the area.

1. Carolinas HealthCare System

Carloinas HealthCare System is one of the largest supplier of jobs for the area, employing 35,000 people. The company brings in $9 billion in revenue.

2. Wells Fargo & Co.

The $86.1 billion dollar company that is currently under scrutiny for creating false accounts employs 23,000 people in Charlotte.

3. Wal-Mart Stores Inc.

One of the largest retailers in the world, Wal-Mart (NYSE:WMT) provides 17,100 jobs in the Charlotte area. The company brings in $482.13 billion.

4. Bank of America Corp.

According to WalletHub, Charlotte is in the top 5 in job growth among American cities. Bank of America Corp (NYSE:BAC) employs 15,000, with a companywide revenue of $93.06 billion.

5. Novant Health Inc.

The $4.1 billion dollar company provides 11,000 jobs to the area.