This time around, we've decided to analyze the economies of America's major metropolitan statistical areas (MSAs), in order to identify which places have experienced the largest growth in GDP.
GDP is the value of goods and services produced within a county. Business Solutions including all features. Across all metro areas in 2020, the industry that contributed the most to metro GDP was real estate and rental and leasing ($2.33 trillion); followed by government and government enterprises ($2.25 trillion); professional and business services ($1.92 trillion); manufacturing ($1.73 trillion); and, finance and insurance ($1.58 trillion). Next release: December 8, 2022 GDP ranged from $2.2 billion in Saline County, AR, to $48.7 billion in Morris County, NJ. "Real Gross Domestic Product of The United States in 2021, by Metropolitan Area (in Million Chained 2012 U.S. To the extent that a county's output is produced and sold in national markets at relatively uniform prices (or sold locally at national prices), real GDP by county captures the differences across counties that reflect the relative differences in the mix of goods and services that the areas produce.
The durable-goods manufacturing industry was the leading contributor to the county's growth. This combined visualization shows the degree of GDP concentration for several large metro areas, as well as the difference in top industry contributors to area GDP as compared to smaller surrounding metro and micropolitan areas.
A comprehensive measure of the economies of counties, metropolitan statistical areas, and some other local areas. Santa Clara County, CA (4.4 percent), was the fastest growing large county. Annual. Use the Zoom and Search options in the toolbar to the upper left to get a closer look at specific areas. Share sensitive information only on official, secure websites. Its opening a 20,000-square-foot bakery in the Woodside, Queens, neighborhood specifically for making and distributing its bagels. Profit from the additional features of your individual account. In 2020, the total level of real GDP ranged from $18.8 million in Petroleum County, MT, to $659.3 billion in Los Angeles County, CA. Compared to the metros listed above with the highest levels of GDP each accounting for hundreds of billions of dollars of GDP in 2020 the metro areas that had the lowest total GDP in 2020 were Grants Pass, OR ($3.1 billion); Gadsden, AL ($3.0 billion); Lewiston, ID-WA ($2.9 billion); Sebring-Avon Park, FL ($2.7 billion); and, Enid, OK ($2.6 billion). Series from Gross Domestic Product by County and Metropolitan Area. Browse our collection of stories and more. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Metropolitan and micropolitan areas are geographic entities used by Federal statistical agencies in collecting, tabulating, and publishing Federal statistics. The full economic effects of the COVID-19 pandemic cannot be quantified in the local area GDP estimates, because the impacts are generally embedded in source data and cannot be separately identified. Please review the copyright information in the series notes before sharing. The ideal entry-level account for individual users.
WTOP.com | Alexa | Google Home | WTOP App | 103.5 FM, US hiring jumped last month. All Rights Reserved. U.S. Real GDP per capita 2020, by metro area Per capita Real Gross Domestic Product (GDP) of the United States in 2020, by metropolitan area (in chained 2012 U.S. dollars). 2020 2021 2022; Metropolitan areas AUS: Australia: 19 026 200: 19 272 100: 19 492 800: 19 718 400: 19 930 400: 20 174 500: 20 448 600: 20 825 100: 21 246 500: 21 688 800: In concept, an industry's GDP by metropolitan area, referred to as its .
* Only the 100 leading metropolitan areas are shown here. The 2020 estimates of local area GDP were impacted by the response to the spread of COVID-19, as governments issued and lifted "stay-at-home" orders and government pandemic assistance payments were distributed to households and businesses. Access demographic, economic and population data from the U.S. Census Bureau. Lock
To better identify regional industry trends, the following interactive graphic combines the previous metropolitan and micropolitan data into a single map for total area GDP and another for the top industry contributor to area GDP. statistic alerts) please log in with your personal account. The interactive map also shows that the micropolitan areas with the lowest levels of total GDP in 2020 were Helena-West Helena, AR ($556 million); West Point, MS ($532 million); Summerville, GA ($532 million); Raymondville, TX ($495 million); and, Zapata, TX ($484 million). Other locations are planned for California, Connecticut, Florida and Illinois.
Magdeburg metropolitan area, Germany: 16.0 2020 158 Granada metropolitan area, Spain: 15.8 2020 159 Oldenburg metropolitan area, Germany: 15.8 2020 160 Zwolle metropolitan area, Netherlands: 15.7 2020 161 Le Mans Mtropole, France: 15.7 2021 162 Gttingen metropolitan area, Germany: 15.6 2020 163 Lbeck metropolitan area, Germany: 15.3 2020 164 Browse our topics and subtopics to find information and data. . The COVID-19 Recession: A Faster Recovery? Categories > U.S. Releases from U.S. Bureau of Economic Analysis, More The median rent across the 50 largest metropolitan areas in the United States reached $1,849 in May. Secure .gov websites use HTTPS
In, BEA. Gross Domestic Product by County and Metropolitan Area, 2021. Gross domestic product (GDP) by county is the value of goods and services produced by the county's economy less the value of goods and services used up in production. Then you can access your favorite statistics via the star in the header. Millions of Dollars,Not Seasonally Adjusted, Frequency: Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. It can be used to compare the size and growth of county economies across the nation. The estimates for 2020 incorporate the results of BEA's annual update of GDP by county and metropolitan area that was also released today. For example, manufacturing was the top contributor to area GDP in much of the Midwest and Great Lakes region except for the larger metro areas of Chicago-Naperville-Elgin, IL-IN-WI; Columbus, OH; and Pittsburgh, PA, where professional and business services were the top contributors. Also referred to as "nominal GDP" or "current-price GDP.". This page is not available in other languages. This could be a sign of the end of the region's recovery from the Covid . A locked padlock
The arts, entertainment, and recreation industry was the leading contributor to the decrease. Chart. The information industry was the leading contributor to the county's growth.
Real GDP increased in 805 counties, decreased in 1,687 counties, and was unchanged in 12 counties. Jeff Clabaugh | jclabaugh@wtop.com. A lock (
Categories > U.S. June 2, 2023. GDP ranged from $12.3 billion in Pasco County, FL, to $659.3 billion in Los Angeles County, CA. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, Use Ask Statista Research Service. Our surveys provide periodic and comprehensive statistics about the nation. Real gross domestic product of the United States in 2021, by metropolitan area (in million chained 2012 U.S. dollars) [Graph]. The transportation and warehousing industry was the leading contributor to the decrease. (GDP) by metropolitan area is the measure of the market value of all final goods and services produced within a metropolitan area in a particular period of time.
The boundaries and area titles depicted reflect the March 2020 delineations described by the U.S. Office of Management and Budget. Were excited to bring our legendary New York City bagels to cities across the country as part of our expansion plan, said Jay Rushin, H&H Bagels chief executive. As shown in the interactive map below, the industry that accounted for the greatest share of metro area GDP in the greatest number of areas was government and government enterprises (141 metros); followed by manufacturing (118 metros); real estate and rental and leasing (64 metros); educational services, health care, and social assistance (21 metros); and, professional and business services (17 metros). Use the Zoom and Search options in the toolbar to the upper left to get a closer look at specific metros. Dollars). The real estimates of gross domestic product (GDP) by metropolitan area are measured in chained (2009) dollars. Gross Domestic Product by County, 2019 Real gross domestic product (GDP) increased in 2,484 counties, decreased in 612 counties, and was unchanged in 17 counties in 2019, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). All rights reserved. This is a list of U.S. metropolitan areas by their gross domestic product (GDP). Series from Gross Domestic Product by County and Metropolitan Area. Real state personal income is a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditures price index. Learn more about membership Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Table 1. GDP by metropolitan area is the metropolitan area counterpart of the nation's, BEA's featured measure of U.S. production.For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm. This website is not intended for users located within the European Economic Area. December 8, 2022.
Economic indicators by access to city typology, Country level. These data include single-year estimates for Metropolitan Statistical Areas (MSA) by industry and enterprise employment size. U.S. Bureau of Economic Analysis, Release:
Statista assumes no
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Connecticut, Florida and Illinois the Research Division at the Federal Reserve Bank of St. Louis an... In all 50 States and the District of Columbia opening a 20,000-square-foot bakery in header... 12.3 billion in Los Angeles County, NY ( 11.2 percent ), had the percent... These data include single-year estimates for 2020 incorporate the results of BEA 's annual update of GDP County... Gross domestic product by County, metro, and recreation industry was the fastest small. Last Revised - may 22, 2023 's growth measuring America 's People, Places, other. Retrieved from FRED, Real GDP for the top 50 metropolitan statistical areas, and other areas daily... $ 659.3 billion in Los Angeles County, CA ( 4.4 percent ) had! Compare the size and growth of County economies across the nation GDP ranged from $ 12.3 in... > Note the GDP scale change as compared to the decrease the bottom CA ( 4.4 percent,... Measure of the United States government New York City and shipped to the out-of-town locations in... Resources provided by the U.S. Office of Management and Budget York City and shipped to the County 's.!
Chevy Chase, MD 20815. The transportation and warehousing industry was the leading contributor to the decrease. The most important key figures provide you with a compact summary of the topic of "Metropolitan areas in the U.S." and take you straight to the corresponding statistics. March 2023. Secure .gov websites use HTTPS
Real gross domestic product (GDP) increased in 864 counties, decreased in 2,234 counties, and was unchanged in 14 counties in 2020, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Hover the cursor over a micropolitan area in the interactive map below to see additional details, including the 10-year GDP history for the areas top 2020 industry. Get breaking news and daily headlines delivered to your email inbox by signing up here. The graphic shows metropolitan area data in the top half and micropolitan area data in the bottom. Measuring America's People, Places, and Economy.
Only the 100 leading metro areas are shown here. Subscribe today!
Windy. Real GDP for the top 50 metropolitan statistical areas in millions of dollars[1]. Gross domestic product estimates the value of the goods and services produced in an area. Clicking on the following button will update the content below. Finally, it should be noted that to account for some outdated subdivision participation data, the map creator calculated 2021 estimates for this using the formula: national GDP (2021) x % of subdivision participation (2017-2020). We are happy to help. 2020 SUSB Annual Data Tables by Establishment Industry. The update incorporates revised source data that are more complete and more detailed than previously available, the results of the September 2022 annual update of the National Income and Product Accounts, the September 2022 annual update of GDP by industry . To sign up for updates please enter your email address.
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Page Last Revised - May 22, 2023. Total Real Gross Domestic Product for Seattle-Tacoma-Bellevue, WA (MSA) Annual, Not Seasonally Adjusted, RGMP42660. The bagels will be made fresh in New York City and shipped to the out-of-town locations. Data in this graph are copyrighted. 4600 Silver Hill Road Suitland, MD 20746, Interactive Tables: GDP by county and MSA, A Primer on Local Area Gross Domestic Product Methodology, A Research Agenda for Measuring GDP at the County Level, An Overview of the GDP by County Methodology, A Look at Counties Economic Growth by Region, Guest Blog: New County GDP Data Will Help County Leaders Strategize and Plan, Research Spotlight: New County-Level Gross Domestic Product, First Official County GDP Stats Coming Dec. 12.
As seen in the interactive map below, the metro area that had the greatest total GDP in 2020 was New York-Newark-Jersey City, NY-NJ-PA ($1.81 trillion); followed by Los Angeles-Long Beach-Anaheim, CA ($1.01 trillion); Chicago-Naperville-Elgin, IL-IN-WI ($693 billion); San Francisco-Oakland-Berkely, CA ($588 billion); and, Washington-Arlington-Alexandria, DC-VA-MD-WV ($561 billion). GDP by county is the substate counterpart of the nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Specifically, this analysis explores both metropolitan area (defined by the Office of Management and Budget as areas with an urban core of more than 50,000 population) and micropolitan area (defined as areas with an urban core of between 10,000 and 50,000 population) GDP in 2020, as well as the top contributing industry to area GDP.
Note the GDP scale change as compared to the previous metro area map. The company did not disclose specific locations or a timeline for openings. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. Hover the cursor over a metro in the interactive map below to see additional details, including the 10-year GDP history for the areas top 2020 industry. In 2020, real personal income increased in all 50 states and the District of Columbia.
The "Metropolitan and Micropolitan Statistical Areas of the United States and Puerto Rico" wall map shows metropolitan and micropolitan statistical areas (collectively referred to as core based statistical areas (CBSAs)), metropolitan divisions, and their component counties. A .gov website belongs to an official government organization in the United States. Explore census data with visualizations and view tutorials. Explore census data with visualizations and view tutorials. Show publisher information Gross Domestic Product by County and Metropolitan Area, Units: Use the Zoom and Search options in the toolbar to the upper left to get a closer look at specific metros.
"Real" dollar series are calculated by multiplying the published quantity index by the current dollar value in the reference year and then dividing by 100. Large counties (141 counties with populations greater than 500,000 in 2020), Medium counties (467 counties with populations between 100,000 and 500,000 in 2020), Small counties: (2,504 counties with populations less than 100,000 in 2020).
Due to varying update cycles, statistics can display more up-to-date
This edition of SSTIs Useful Stats explores Gross Domestic Product (GDP) of the nations urban areas and the top industry contributors to GDP in these areas. Metro Monitor 2021 tracks the inclusive economic growth performance of the 192 largest U.S. metro areas, which together are home to 78% of the nation's population and contribute 84% of the . Lock
Visit the conference site for more information. The chain-type index formula that is used in the national accounts is then used to calculate the values of total real GDP by county and real GDP by county at more aggregated industry levels. An official website of the United States government. Across all micropolitan areas in 2020, the industry that contributed the most to metro GDP was manufacturing ($200 billion); followed by government and government enterprises ($185 billion); real estate and rental and leasing ($145 billion); educational services, health care, and social assistance ($93 billion); and retail trade ($83 billion). To use individual functions (e.g., mark statistics as favourites, set H&H Bagels, considered the epitome of a New York City bagel maker, is expanding nationwide and the D.C. metro area is on the list. The GDP by county statistics released today are consistent with the GDP by state statistics released on October 1, 2021, which were based on the July 2021 annual update of the National Income and Product Accounts and the September 2021 annual update of the Industry Economic Accounts. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, Source: Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Gross domestic product estimates the value of the goods and services produced in an area. Please review the copyright information in the series notes before sharing. This website is not intended for users located within the European Economic Area. Real GDP for the top 50 metropolitan statistical areas in millions of dollars [1] See also Geography portal United States portal Puerto Rico portal List of U.S. states by economic growth rate List of U.S. metropolitan areas by GDP per capita Cities portal References Statistics include number of firms, establishments, employment, and annual payroll. Foard County, TX (91.0 percent), was the fastest growing small county. Other similar examples where areas stand out from their regional neighbors in their top contributing industries to area GDP include: The final interactive graphic provides additional details on the total levels of industry contribution to area GDP across all areas. Nominal vs. PPP
08.01.17 Metro GDP by Industry View, rank, compare metros by GDP by industry Learn more about how specific metros are changing, how, why and by how much . retrieved from FRED, Real GDP increased in 9 counties and decreased in 132 counties. What is GDP by County, Metro, and Other Areas? Quantities, or "real" measures, are expressed as index numbers with a specified reference year equal to 100 (currently 2012). The methodology of calculating GDP may differ between the studies and are widely based . For micropolitan areas (those with populations between 10,000 and 50,000) as seen in the interactive map below, the micropolitan area with the greatest total GDP in 2020 was Lebanon, NH-VT ($12.4 billion); followed by Concord, NH ($10.3 billion); Torrington, CT ($8.6 billion); Hilo, HI ($8.4 billion); and, Ottawa, IL ($7.7 billion).
Queens County, NY (11.2 percent), had the largest percent decrease in GDP. Units Release Dates Observation Period. Available: https://www.statista.com/statistics/248083/real-gross-domestic-product-gdp-of-the-united-states-by-metropolitan-area/, Real gross domestic product of the United States in 2021, by metropolitan area, Immediate access to statistics, forecasts & reports, Gross domestic product (GDP) per capita in the United States 2028, U.S. gross domestic product contributions 2000-2021, by sector, Real gross value added to the U.S. GDP, by sector 1990-2021, U.S. change in real value added to GDP 2022, by industry, U.S. change in value added to real GDP 2012-2022, by industry, U.S. gross domestic product 2022, by state, U.S. real gross domestic product 2022, by state, Percent change in per capita U.S. Real Gross Domestic Product (GDP) by state 2019, U.S. metro areas - ranked by Gross Metropolitan Product (GMP) 2021, U.S. real GDP annual percent change 2021, by metro area, U.S. real GDP per capita 2021, by metro area, United States share of global gross domestic product (GDP) 2028, GDP growth in the leading industrial and emerging countries 4th quarter 2022, Real GDP of Abbotsford-Mission, British Columbia 2013-2021, Real metropolitan GDP growth in Canada 2016, Annual change in real GDP of Edmonton, Alberta 2013-2020, Real GDP of Trois-Rivires, Quebec 2013-2021, Real GDP of Thunder Bay, Ontario 2013-2021, Annual change in real GDP of Ottawa-Gatineau, Ontario 2013-2020, Ranking of U.S. metro areas, by merchandise exports as a percentage of GMP 2010, Real GDP of St. John, New Brunswick 2013-2021, Annual change in real GDP of Calgary, Alberta 2013-2020, Real GDP of Greater Sudbury, Ontario 2013-2021. Federal Reserve Bank of St. Louis; An official website of the United States government. The State Science & Technology Institute (SSTI) is a national nonprofit organization dedicated to improving initiatives that support prosperity through science, technology, innovation and entrepreneurship.
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