Tag Archives: Metro GDP

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.

Metro Gross Domestic Product Patterns & Trends

.. 282 metropolitan statistical areas, of the total 381, experienced an increase in real Gross Domestic Product (GDP) between 2009 and 2014. Collectively, real GDP for U.S. metropolitan areas increased 2.3 percent in 2014 after increasing 1.9 percent in 2013. Use the interactive table and GIS project/datasets described here to view/analyze patterns and characteristics in metros of interest. See more details in related Web version of this document.

Percent Change in Real GDP by Metro, 2009-2014
The following graphic shows patterns of percent change in real GDP by metro from 2009 to 2014. The orange fill pattern shows metros experiencing a decrease in real GDP over the period.

— view created using CV XE GIS and associated MetroGDP GIS Project
— click graphic for larger showing legend details.

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 by metropolitan area is the sub-state counterpart of the national gross domestic product, the most comprehensive measure of U.S. economic activity. GDP by metropolitan area is derived as the sum of the GDP originating in all the industries in the metropolitan area. Use the interactive table, tools and resources provided/described in this section to access and analyze current and real metro GDP patterns. See more about metro GDP below in this section.

Use the Metro GDP GIS Project/Datasets
Use the CV XE GIS software and MetroGDP GIS project to create thematic pattern maps and integrate the employment situation data with other data. Add your own data. Apply different queries. Label geographic areas. Create zoom views. Put results into stories and analytical documents. ProximityOne User Group members may install the MetroGDP GIS Project (see details here) and prepare thematic pattern maps like the one shown above.

Use the Metro GDP Interactive Table
The graphic below illustrates use of the Metro GDP Interactive Table to view, rank, query current dollar and real GDP annually over the period 2009-2014. This view shows metros ranked on real GDP change during the period 2009 to 2014. The National Rank column show the rank of the metro among all 381 MSAs as of 2014 based on current dollar GDP. Use the interactive table to examine peer groups and sets of metros of interest. Click graphic for larger view.

Join me in a Data Analytics Lab session to discuss accessing, integrating and using these data with other data that relate to your situation.

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.