An official website of the United States government. Statista assumes no The document does not set out economic or geopolitical forecasts and should not be treated as doing so. Real gross domestic product (GDP) increased in 312 out of 383 metropolitan areas in 2017 according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. PDF Gross Domestic Product by Metropolitan Area - Bureau of Economic Analysis 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. dollars)." "Real" dollar series are calculated by multiplying the published quantity index by the current dollar value in the reference year (2009) and then dividing by 100. These statistics do not yet reflect the revised benchmark NIPA statistics released in July 2018. Use Ask Statista Research Service. PDF Gross Domestic Product by Metropolitan Area: New Statistics for 2016 Hover the cursor over a metro in the interactive map below to see additional area details. Map: Economic Might by U.S. Metro Area - Visual Capitalist 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. Russia. The estimates for 2020 incorporate the results of BEA's annual update of GDP by county and metropolitan area that was also released today. It can be used to compare the size and growth of county economies across the nation. Click on an industry in the color key to highlight them in the map. The annual estimates of county and metropolitan area GDP for 2017 to 2020 were revised. Use the Zoom and Search options in the toolbar to the upper left to get a closer look at specific metros. Gross Domestic Product by County and Metropolitan Area Inflation edged up in Russia and India but remains low; however, observers are watching inflation in Russia closely. The largest of the nations urban areas, metro areas of more than 50,000 residents account for the greatest portion of the countrys GDP. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Population of metropolitan areas in the U.S. 2021, U.S. fastest growing metropolitan areas 2020-2021, U.S. real GDP per capita 2021, by metro area, Population of the largest metropolitan areas in the U.S. as of 2021 (in 1,000s), The fastest growing metropolitan areas in the United States between 2020 and 2021, Per capita real gross domestic product of the United States in 2021, by metropolitan area (in chained 2012 U.S. dollars), U.S. metropolitan areas with the highest percentage of white population 2019, Leading metropolitan areas with the highest percentage of white population in the United States in 2019, U.S. metropolitan areas with the highest percentage of black population 2019, Leading metropolitan areas with the highest percentage of black population in the United States in 2019, U.S. metro areas with the highest birth rate 2021, Metropolitan areas with the highest birth rate in the United States in 2021 (per 1,000 population), U.S. metro areas with the highest percentage of population under 18 years old 2019, Leading metropolitan areas with with the highest percentage of population under 18 years old in the United States in 2019, U.S metro areas with the highest percentage of population aged 65 and older 2019, Leading metropolitan areas with the highest percentage of population aged 65 years and over in the United States in 2019, U.S. metro areas with the highest percentage of college graduates 2019, Leading metropolitan areas with the highest percentage of college graduates in the United States in 2019, Legal immigrants in the United States FY 2021, by metro area of residence, Number of persons obtaining legal permanent resident status (green card) in the U.S. in the fiscal year of 2021, by metropolitan area of residence, Rate of homeless individuals by metro area in the U.S. 2017, Rate of homeless individuals in the United States in 2017, by metropolitan area (per 10,000 residents), Share of unsheltered homeless youth population by county of residence U.S. 2020, Share of unaccompanied homeless youth population who were unsheltered in the United States in 2020, by metropolitan area of residence, U.S. real GDP annual percent change 2021, by metro area, Annual percent change in the real GDP of the United States in 2021, by metropolitan area, U.S. metropolitan areas with the highest per capita income 2021, Metropolitan areas with the highest per capita income in the United States in 2021 (in U.S. dollars), U.S. leading metropolitan areas with the highest unemployment rate 2022, Leading metropolitan areas with the highest unemployment rate in the United States in 2022, U.S. unemployment rates for large metropolitan areas 2023, Monthly ranking of unemployment rates in the United States for larger metropolitan areas in May 2023, Metropolitan areas with the highest violent crime rate in the U.S. 2020, Metropolitan areas with the highest violent crime rate in the United States in 2020, Metropolitan areas - crime rate U.S. 2020, by type, Crime rate in metropolitan areas in the United States in 2020, by type (per 100,000 inhabitants), Metropolitan areas with the highest aggravated assault rate in the U.S. 2020, Metropolitan areas with the highest aggravated assault rate in the United States in 2020 (per 100,000 population), Metropolitan areas with the highest rape rate in the U.S. 2020, Metropolitan areas with the highest rape rate in the United States in 2020, Metropolitan areas with the highest robbery rate in the U.S. 2020, Metropolitan areas with the highest robbery rate in the United States in 2020 (per 100,000 inhabitants), Metropolitan areas with the highest burglary rate in the U.S. 2020, Metropolitan areas with the highest burglary rate in the United States in 2020 (per 100,000 inhabitants), Metropolitan areas with the highest property crime rate in the U.S. 2020, Metropolitan areas with the highest property crime rate in the United States in 2020 (per 100,000 inhabitants), Metro areas with the highest rate of fraud in the U.S. 2021, Ranking of metropolitan areas in the United States in 2021, by highest rate of fraud complaints lodged with the FTC (per 100,000 population), U.S. monthly number of workers teleworking due to COVID-19 2020-2022, Monthly number of workers who worked from home due to the COVID-19 pandemic in the United States from May 2020 to September 2022 (in millions), Delinquent rate of retail space during COVID-19 in large U.S. metros in 2020, Delinquency rate of retail real estate loans during the COVID-19 pandemic in selected metros in the United States in 2020, U.S. commercial mortgage delinquencies during COVID-19 in 2020, by metro, Value of commercial mortgage delinquencies during the COVID-19 pandemic in selected metros in the United States in 2020 (in billion U.S. dollars). At the same time, foot traffic near stores in metropolitan areas remains 10 to 20% below prepandemic levels. In an economic performance index combining employment. City Mayors: Richest cities in the world in 2020 by GDP The eurozone narrowly avoided a technical recession around the turn of the year, preliminary data showed. New York Citys urban core lost 5% of its population from mid-2020 to mid-2022, while San Franciscos lost 6%. PDF Gross Domestic Product by Metropolitan Area, 2017 - Bureau of Economic Table 1. Demand may be lower in neighborhoods and cities characterized by dense office space, expensive housing, and large employers in the knowledge economy. Inflation is expected to drop to 5% by the end of 2023 (versus 4% as previously predicted). Gross domestic product estimates the value of the goods and services produced in an area. Global Economics Intelligence executive summary, July 2023. Contributions to Percent Change in Real Gross Domestic Product (GDP) by Metropolitan Area, 2017, These data have been superseded. Gross Domestic Product by County, 2021 | U.S. Bureau of Economic The growth rate of real GDP in the nation's metropolitan areas differs from the nation's real GDP growth rates released in July 2016. The purchasing managers index for manufacturing dropped from its 31-month high to stand at 57.8 in June (from 58.7 in May) but remained solidly in the expansion zone. Exports decreased by 22% on an annual basis in June, totaling $32.97 billion, amid global demand challenges. Industrial production in Brazil increased 1.9% in May 2023 over May 2022. GDP by Metro Area GDP for metropolitan statistical areas, with industries' contributions to each metro economy; GDP by County GDP for U.S. counties and county equivalents; GDP for U.S. The rapid pace of price rises in the UK has been more persistent than in other big economies, with inflation running at the highest level in the G-7. Then you can access your favorite statistics via the star in the header. Need infographics, animated videos, presentations, data research or social media charts? Can I integrate infographics into my blog or website? Consumer price inflation is dropping, and manufacturing remains subdued. internet, telecommunications and consumer electronics Hover the cursor over a metro area in the interactive map below to see additional details, including the 10-year GDP history for the areas top 2020 industry. This was attributable to easing of commodity prices. Real GDP by metropolitan area is an inflation-adjusted measure of each metropolitan area's gross product that is based on national prices for the goods and services produced within the metropolitan area. Natural resources and mining. Fed officials also increased the federal funds rate with a target range of 5.25% to 5.5%. Its area of 18,941 km2 (7,313 sq mi) is far larger than the administrative territory of le-de-France, which includes Paris (12,012 km2 (4,638 sq mi). . The indicator measuring intention to purchase durable goods in the coming months was the main driver of the index for the month, suggesting a reduction in pessimism regarding spending intentions, helped by easing inflation and the expectation of future interest rate cuts. Jul 12, 2019. McKinseys Global Economics Intelligence (GEI) provides macroeconomic data and analysis of the world economy. The centerpiece of the Bay Area, San Francisco saw its GDP of all industries increase by over . Real GDP for the top 50 metropolitan statistical areas in millions of dollars Wikiwand is the world's leading Wikipedia reader for web and mobile. Cross-border trade fell further in the second quarter, declining 6.0% YoY (compared with a decline of 2.7% in the first quarter). Click in empty ocean space or reload the webpage to reset the visualization. Does Statista also create infographics in a customized design? Annual Update of GDP by County and Metropolitan Area . The falling inflation rate is principally the result of a drop in transport costs, particularly fuels, and a slower rise in food and beverage prices. Junes merchandise exports figure represents a 6% decline from Mays total of $34.98 billion. Financial institutions revised down their latest projections for Chinas 2023 whole-year GDP growth: expectations are now 5.0 to 5.5% versus 5.5 to 6.5% in Aprils forecast. PDF Gross Domestic Product by Metropolitan Area - Bureau of Economic Analysis Quantities and prices. Please create an employee account to be able to mark statistics as favorites. This industry contributed to growth in 323 metropolitan areas, and was the leading contributor to growth in Lakeland-Winter Haven, FL and Seattle-Tacoma-Bellevue, WA, which increased 2.4 percent and 5.2 percent, respectively. In the US, real GDP increased at an annual rate of 2.4% in the second quarter of 2023 (annualized quarter-over-quarter growth), according to the advance estimate from the Bureau of Economic Analysis. Globally, the manufacturing sector contracted faster in June, with manufacturers either recording a slowdown or accelerating contraction in the business. "Real Gross Domestic Product of The United States in 2021, by Metropolitan Area (in Million Chained 2012 U.S. and over 1Mio. Quantity indexes are calculated using a Fisher-chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). Also referred to as "nominal GDP" or "current-price GDP.". Of the large metropolitan areas, those with population greater than two million, Austin-Round Rock, TX (6.9 percent) and Seattle-Tacoma-Bellevue, WA (5.2 percent) had the largest increases in real GDP. Get quick analyses with our professional research service. Each monthly release includes an executive summary on global critical trends and risks, as well as focused insights on the latest national and regional developments. U.S. metro areas - ranked by Gross Metropolitan Product (GMP) 2021 Statista. Finally, the nature of work has been changing since the onset of the pandemicnot only in terms of what people do but also where they do it. Global Economics Intelligence executive summary, July 2023 GDP by metropolitan area is derived as the sum of the GDP originating in all the industries in the metropolitan area. and over 1Mio. Cities With The Biggest Growth In GDP, Including Industries - Forbes The contributions are additive and can be summed to the state's overall percent change. Yes, Statista allows the easy integration of many infographics on other websites. Most affordable metro areas U.S. 2018, by income spent on rent, Leading metropolitan areas by jobs in industries at risk from COVID-19 U.S. 2020, Share of workers working from home during COVID-19 U.S. 2020, by metro area, 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. U.S. metropolitan area real GDP ropolitan areasthe metropolitan area counterpart to growth may differ from U.S. GDP by state growth the nation's GDP. 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. Although this industry wasn't a large contributor overall, it did make significant contributions in several metropolitan areas. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. U.S. real GDP per capita 2021, by metro area Per capita real gross domestic product of the United States in 2021, by metropolitan area (in chained 2012 U.S. dollars) Demographics U.S.. Metropolitan (statistical) areas. United States. Real GDP by metropolitan area may reflect a substantial volume of output that is sold to other areas and countries. A peek at the future health and wealth of our global economy, Empty spaces and hybrid places: The pandemics lasting impact on real estate, new report from the McKinsey Global Institute, Empty spaces and hybrid places: The pandemics lasting impact on real estate, McKinseys Strategy and Corporate Finance Practice. This is a list of U.S. metropolitan areas by their gross domestic product (GDP). By contrast, the upturn in services continued in June, although the expansion lost impetus with some visible slowdown. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Maps reveal that once there is a concentration of patents granted to inventors in one U.S. county, innovation starts to percolate in neighboring counties. In early 2020, the onset of remote and hybrid models of working saw office attendance drop by up to 90%.1Empty spaces and hybrid places: The pandemics lasting impact on real estate, McKinsey Global Institute, July 13, 2023. world relating to economic and political issues as well as GDP by metropolitan area is the most comprehensive July 2008 and the U.S. growth rates of real GDP by state measure of overall economic activity in individual met-released in June 2008. The recession brought upon by the COVID-19 pandemic (February 2020 April 2020) saw an extremely sharp drop in both GDP and employment, followed by a relatively fast return to non-recessionary rates of unemployment. On July 26, the Federal Reserve raised the interest rate paid on reserve balances to 5.4%. 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). 1. List of U.S. metropolitan areas by GDP per capita - Wikipedia The trade deficit decreased. Professional and business services subtracted the most from growth in Houston-The Woodlands-Sugarland, TX offsetting notable contributions from natural resources and mining and nondurable-goods manufacturing. 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). and displayed without charge by all commercial and The boundaries and area titles depicted reflect the March 2020 . With a GDP of over $23 trillion in 2021, the United States hasthe world's largest economy, according to the latest available data from the World Bank. Overview The aggregate GDP growth of metropolitan areas in the period 2000-13, appeared for a large part due to a small The percent change in real GDP by metropolitan area ranged from 12.1 percent in Odessa, TX to -7.8 percent in Enid, OK (table 2). It anticipates that underlying (core) inflation will decline more gradually, with forecasts for inflation in 2024 revised upward. In, BEA. Dollars). Similar to GDP, GMP is defined as the market value of all final goods and services produced within a metropolitan area in a given period of time. 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. Visit the conference site for more information. Professional and business services increased 3.5 percent across the nation's metropolitan areas. The latest Fed Beige Book indicates a positive outlook for the US economy. Highlights Professional and business services increased 3.5 percent across the nation's metropolitan areas. Chained-dollar values of GDP by metropolitan area are derived by applying national chain-type price indexes to the current dollar values of GDP by metropolitan area for the 61 detailed NAICS-based industries. Get quick analyses with our professional research service. Meanwhile, real GDP grew at an annual rate of 2.0% in the first quarter of 2023, according to the third estimate released by the Bureau of Economic Analysis. The Statista "Chart of the Day", made available Gross Domestic Product by Metropolitan Area, 2017, Gross Domestic Product by Metropolitan Area, 2016, Gross Domestic Product by Metropolitan Area, 2015, Gross Domestic Product by Metropolitan Area, Advance 2014 and Revised 2001-2013, Gross Domestic Product by Metropolitan Area, 2013 (advance estimate) and Revised 2001 - 2012, Gross Domestic Product by Metropolitan Area, 2012 and Revised 2001-2011, Gross Domestic Product by Metropolitan Area, 2011 and Revised 2001-2010, 4600 Silver Hill Road Suitland, MD 20746. please include a backlink to the respective infographic URL. GDP by County, Metro, and Other Areas - Bureau of Economic Analysis Real Gross Domestic Product (GDP) by Metropolitan Area, 2012-2017, Table 3. In April, world trade volumes fell 1.4% on a monthly basis (from a drop of 1.9% in March, revised), mainly explained by decreases in emerging economies. Real GDP by metro area U.S. 2021 | Statista Each hexagon on the two maps represents 0.1% of the world's overall GDP. Overall, growth in real U.S. GDP by metropolitan areacalculated as the sum of GDP for all metropoli tan areas deflated by a national price measureslowed to 0.8 percent in 2008 from 2.0 percent in 2007. Please see our, EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Tuesday, September 18, 2018, Professional and Business Services Led Growth Across Metropolitan Areas in 2017, 4600 Silver Hill Road Suitland, MD 20746, Gross Domestic Product by Metropolitan Area, 2017. (December 8, 2022). UK inflation dropped to 7.9% in June (from 8.7% in May), while core inflation (which excludes the price of energy, food, alcohol, and tobacco) fell slightly to 6.9% (from 7.1% in May). BEA Interactive Data Application - Bureau of Economic Analysis Real GDP in Houston-The Woodlands-Sugarland, TX was unchanged from the previous year making it the only large metropolitan area not to increase. Quantities, or "real" measures, are expressed as index numbers with a specified reference year equal to 100 (currently 2009). GDP by metropolitan areathe metropolitan area counterpart to GDP in the national income and prod To the extent that a metropolitan area's output is produced and sold in national markets at relatively uniform prices (or sold locally at national prices), real GDP by metropolitan area captures the differences across metropolitan areas that reflect the relative differences in the mix of goods and services that the areas produce. China. A comprehensive measure of the economies of counties, metropolitan statistical areas, and some other local areas. A metropolitan area 's gross domestic product, or GDP, is one of several measures of the size of its economy.
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