Tag Archives: real per capita 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.

Real Gross Domestic Product by State & Area

… tools to access and analyze GDP patterns and trends … Gross Domestic Product (GDP) is a comprehensive measure of U.S. economic activity. This section provides access to annual GDP estimates for the period 2010 through 2015 and tools to analyze these data. The 2015 data are the latest estimates as of June 2016 (about these data). This section provides data and tools focused on the U.S. and states. In September 2016, this section updates to include the new 2015 estimates of metropolitan area GDP and revised historical updates. Follow this blog to receive updates. See the related Web section for more details about topics covered in this post.

Patterns of Per Capita Real GDP & Percent Change by State
The following graphic shows patterns of the 2015 per capita real GDP by state. The color patterns/intervals are shown in the inset legend. In the larger view (click graphic), states are labeled with 2015 per capita real GDP (white label) and percent change in per capita real GDP, 2010-2015. Click graphic for larger view. Expand browser to full window for best quality view. The larger view shows a mini-profile for Texas. Use the GIS tools described below to develop thematic pattern map using any combination of these items from 2000 forward.

.. view developed using the CV XE GIS software.
.. click map for larger view and details.

Importance
GDP is an important part of planning, management and decision-making in the private and public sectors. It is watched closely by all stakeholders as to how the economy is trending. By adjusting current dollar GDP to constant dollar GDP, we can better examine the trends and patterns by removing inflation from the measures. By examining GDP at the metro and sub-state area, businesses and policy-makers can better determine GDP patterns on a regional basis. Regional analysis of GDP is very important as magnitude and change vary widely. By examining the size and trends of regional real GDP on a per capita basis, we are better able to examine patterns and trends at the individual level.

Modeling, Projections & Access/Analysis/Interpretive Tools
GDP is an important part of the ProximityOne Regional Demographic-Economic Modeling System (RDEMS). The RDEMS model specifies cause and effect relationships with GDP and GDP components and other data to develop current estimates and projections.

Use these tools to access/analyze GDP characteristics and patterns:
• interactive table – access in related Web section
• analyzing patterns using GIS resources – see details in related Web ection
• RDEMS database access
.. illustrative example of GDP patterns in context with other measures
.. Texas briefing notes (see notes “Texas per capita real GDP” on that page)
.. Access briefing notes for any state

Interactive Table
Use the interactive table below to examine per capita real GDP by state in context of other states and the U.S. This table expands to include metros in September 2016. The content of the table also expands to include GDP sectors and components

Per Capita Real Gross Domestic Product by State & Area
— 2000-2015
— interactive table
The following graphic shows states ranked on percent change in per capita real GDP. Click graphic for larger view. Use the interactive table to view rankings of interest. Export the data for further analysis.

Analyzing GDP using GIS Resources
— requires Windows computer with Internet connection
1. Install the ProximityOne CV XE GIS
… run the CV XE GIS installer
… take all defaults during installation
2. Download the GDP GIS project fileset
… requires ProximityOne User Group ID (join now)
… unzip GDP GIS project files to local folder c:\gdp
3. Open the c:\gdp\us1gdp.gis project
… after completing the above steps, click File>Open>Dialog
… open the file named c:\gdp\us1gdp.gis
4. Done. The start-up view is shown at top of this section.

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.