The University of Georgia had an economic impact of $8.4 billion on the state's economy in 2024. That’s an increase of $300 million from the previous year. An annual report revealed some of the reasons how UGA was able to reach those numbers. Factors behind these numbers included growth in the number of degrees awarded at the graduate and undergraduate levels, an increase in externally funded research, and more.
“Our outstanding faculty, staff, students and alumni are proud to play a significant role in strengthening our state’s economic vitality,” said UGA President Jere W. Morehead.
Michael Adjemian, a UGA professor in the department of agricultural and applied economics in the College of Agricultural and Environmental Sciences, conducted the economic impact study.
Out of state and international students impacted the state economy through spending and living expenses. The report also included the economic impact on UGA sports events such as football, men’s basketball, women’s basketball, gymnastics and baseball teams attracted over 67,000 out of state spectators. Those visitors spent money on lodging, food, fuel and other expenses.
