Tag Archives: gdp by sector

Examining How Metro GDP is Changing

.. which metros had the largest 2018 real GDP? How did they change since 2010? How to they compare on a per capita basis? What about metros of interest to you? Read on …

As an investor, business or stakeholder in a metro, it is important to know how and where the economy is changing … and how one or selected metros relate to the U.S. and other metros. Is metro X changing in a different direction than metro Y? By how much, why and is there a pattern? What does the healthcare sector, for example, contribute to a metro’s gross domestic product (GDP)? How does it compare to peer metros? How is the healthcare industry trending? Metro GDP data can provide insights and answers to these important questions.  See related main Web page.

In 2018, per capita real gross domestic product (GDP) in MSAs ranged from $19,299 (The Villages, FL MSA) to $196,277 (Midland, TX MSA). The percent change in per capita real GDP by metro, 2010 to 2018 ranged from -24% (New Orleans-Metairie, LA MSA) to 126.6% (Midland, TX MSA). Use the interactive table to view these and related data.

Change in Per Capita Real GDP by Metro; 2010-2018
The following graphic shows patterns of change in per capita real GDP by metro (MSA) from 2010 to 2018. Label shows 2018 rank of the metro among all 384 MSAs based on 2018 per capita real GDP. Click graphic for larger view. Expand browser to full window for best quality view.

— view created using ProximityOne CV XE GIS and associated GIS project

Top 25 Metros (MSAs) based on 2018 per capita real GDP
The following graphic shows the top 25 metros (MSAs) based on 2018 per capita real GDP labeled with rank. Click graphic for larger view. Expand browser to full window for best quality view.

— view created using ProximityOne CV XE GIS and associated GIS project
 
Using the Interactive Table – 10 largest metros based on 2018 real GDP
— insights into comparative analytics and trends.
— view, rank, compare districts based on your criteria.
— example, which metros have the largest 2018 real GDP?
Use the interactive table to examine GDP characteristics and trends of metros. The following view illustrates use of the table. This view shows use a query to show the ten metros ranked on 2018 real GDP. Click graphic for larger view.

Try using the interactive table to examine metros of interest.

Demographic-Economic Analytics Web Sessions
Join me in a Demographics Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Metropolitan Area Gross Domestic Product: Trends & Updates

… data and analytical tools to examine Metro GDP patterns and trends.  As a policy-maker, investor, business, advisor or stakeholder, it is important to know how and where the metro economy is changing … and how one or selected metros relate to the U.S. and other metros. Is metro X changing in a different direction than metro Y? By how much, why and is there a pattern? What does the healthcare sector, for example, contribute to a metro’s gross domestic product (GDP)? How does it compare to peer metros? How is the healthcare industry trending? Metro GDP data can provide insights and answers to these important questions. Developing insights using metro GDP data — an example. See related Web section for more detail.

Change in Per Capita Real GDP by Metro, 2010-2015
The following graphic shows patterns of change in per capita real GDP by metro from 2010 to 2015. The orange and red fill patterns show metros experiencing a decrease in per capita real GDP over the period. Click graphic for larger view that shows the 2015 rank of the metro among all 382 MSAs based on 2015 per capita real GDP.

— view created using CV XE GIS and associated MetroGDP GIS Project

282 metropolitan statistical areas, of the total 382, experienced an increase in real Gross Domestic Product (GDP) between 2010 and 2015. Growth was led by growth in professional and business services; wholesale and retail trade; and finance, insurance, real estate, rental and leasing, Collectively, real GDP for U. S. metropolitan areas increased 2.5 percent in 2015 after increasing 2.3 percent in 2014. Use the interactive table and GIS project/datasets described in this section to view/analyze patterns and characteristics in metros of interest.

Illustrative GDP by Sector Trend Profiles
Real GDP by sector profiles are available for the U.S. and each state and MSA. The Metro GDP data are part of the State & Regional Income & Product Accounts (SRIPA). The following profiles illustrate these data for metros, states and the U.S.

Atlanta, GA MSA
Charlotte, NC-SC MSA
Chicago, IL MSA
Columbia, MO MSA
Houston, TX MSA
Phoenix, AZ MSA
United States
Missouri
Texas

Metro Situation & Outlook Reports
View Metro GDP Characteristics section in the Metropolitan Area Situation & Outlook Reports, providing the same scope of data as in the table below integrated with other data. See example for the Dallas, TX MSA. GDP tells an important but small part of the broader metro demographic-economic characteristics. Most metros have sub-county areas experiencing growth or activity sometimes masked when looking at the entire metro. Click a metro (metro GDP estimated for MSAs only) link in the table at upper right to view the GDP estimate in context of related subject matter.

Interactive Analysis
The following graphic shows an illustrative view of the interactive MetroGDP table. This view shows California MSAs ranked in descending order on percent change in per capita real GDP from 2010 to 2015 (ranked on far right column). Use the table to examine characteristics of metros in regions of interest. Click graphic for larger view.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.