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New Report Highlights Positive Impact of Global Health Sector on NC Economy

June 13, 2017

On June 6, the Triangle Global Health Consortium (TGHC) released a report, “The Global Health Sector’s Contributions to the Economy of North Carolina,” which outlines the significant humanitarian and economic benefits produced by NC’s global health sector.

The report, prepared by RTI International, notes that North Carolina is a national leader in developing new medications, vaccines, technologies and treatments that enable the state’s researchers, businesses and non-profit organizations to improve the health of communities around the world.

The Duke Global Health Institute (DGHI) is a founding member of TGHC and, along with other Triangle non-profit organizations, provided funding for the report. Randall Kramer, DGHI’s deputy director, is also a TGHC board member.

DGHI is one of NC’s 220+ organizations that contribute to improved health in more than 185 countries worldwide. The report notes that the high volume of these institutions in the state is a key reason that efforts have been so successful, as collaboration is an essential aspect of impactful global health projects.

“Global health transcends boundaries and requires collective solutions that emphasize improving health, reducing disparities, and protecting against global threats,” the report says. “From mitigating emerging disease outbreaks like Zika and Ebola to developing early HIV/AIDS treatments and increasing access to safe drinking water and sanitation around the world, North Carolina institutions are at the forefront of saving lives.”

But the positive impact of the global health sector does not only extend to the far reaches of the globe, it starts right here in NC. In 2015, TGHC reported that global health work contributed roughly $3.7 billion in state gross domestic product—a statewide value of approximately $370 per person. These figures reflect the fact that global health is as much of an economic booster as almost any other important NC sector, such as farming or arts/entertainment/recreation.

Further, the global health sector supports more than 26,000 jobs in NC, each of which pays an average salary of about $62,000. This fiscal impact, which is distributed primarily among scientific research, pharmaceutical manufacturing and university employees, injects almost $200 million back into the state economy annually, as a result of state taxes.

TGHC was founded in 2009 as a central hub for NC’s historically collaborative work to encourage innovation and improve health worldwide. Continuing this work, the report states, will build even “healthier communities and expand human progress, while also increasing stability, expanding democracy, creating new trade partners, and generating good will for both the state and the country.”

Read the report.

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In 2015, global health work contributed roughly $3.7 billion in state gross domestic product—a statewide value of approximately $370 per person.

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