Sunday, November 25th, 2007

Metropolitan Area GDP

The US Bureau of Economic Analysis provides a lot of interesting facts and figures that aren’t so well known to most people. One of these is its analysis of metropolitan area and state GDP. I think it would be interesting to slice this by GDP/person. It’s probably on there, but if not you could easily do the analysis yourself. Here’s a map of percent change in GDP from 2004 to 2005 by metro and micropolitan area.
It doesn’t take a lot of fancy analysis to see that the slow-growing Midwest is near the bottom here. Keep in mind, big driver of GDP is people, so slow population growth translates into slow GDP growth, ceteris paribus. Interesting the Iowa is doing so well, however.

Here is the 2005 total metropolitan are GDP for some of the metros I track.

City 2005 GDP ($M)
Minneapolis 171,361
Charlottee 106,408
Cleveland 99,388
Portland 95,573
Kansas City 91,169
Cincinnati 90,963
Indianapolis 87,645
Columbus 82,745
Nashville 68,639
Milwaukee 73,333
Louisville 50,108

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Topics: Economic Development

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