Dec 12, 2019: Metro Area and County GDP Released; Bay Area Surpasses $1T
 

Released Dec 12, 2019 by bea.gov

By CSA
https://i.imgur.com/WO4B6dy.png

By MSA
https://i.imgur.com/CmmGlDe.png

Seattle really impressive with the tech boom.

20 Largest Metro Area(MSA) GDPs by 5-year growth.

2013-2018 Metro Area(MSA) GDP Growth:
+$332.642B New York +23.10%
+$227.308B Los Angeles +27.70%
+$165.369B San Francisco +43.14%
+$117.882B Dallas +29.87%
+$115.532B San Jose +53.61%
+$111.800B Chicago +19.35%
+$107.778B Seattle +37.91%
+$97.900B Boston +26.77%
+$97.343B Atlanta +32.45%
+$92.619B Washington +20.67%
+$69.674B Philadelphia +18.60%
+$83.263B Miami +30.67%
+$57.268B Phoenix +28.93%
+$55.012B Houston +12.98%
+$53.627B San Diego +28.00%
+$51.840B Denver +34.03%
+$50 538 Minneapolis +23.60%
+$47.886B Detroit +21.78%
+$46.783B Riverside +33.33%
+$35.070B Baltimore +20.59%

Whoa, all the California cities are doing great. :cheers:
Even Riverside. :)

Yes indeed. Kudos. It's even more surprising because the media is constantly dragging the state.

The Inland Empire is booming.

2018 County GDP, $100B+
$787.186B Los Angeles, CA
$711.974B New York, NY
$411.671B Cook, IL
$387.731B Harris, TX
$328.260B Santa Clara, CA
$303.694B King, WA
$264.438B Dallas, TX
$260.484B Orange, CA
$247.622B Maricopa, AZ
$245.138B San Diego, CA
$183.171B San Francisco, CA
$171.126B Middlesex, MA
$167.756B Fulton, GA
$164.632B Miami-Dade, FL
$144.494B Alameda, CA
$140.660B Washington, DC
$137.015B Hennepin, MN
$132.808B Suffolk, MA
$122.423B Clark, NV
$120.491B Philadelphia, PA
$120.101B Tarrant, TX
$114.862B San Mateo, CA
$114 507B Mecklenburg, NC
$114.152B Fairfax, VA
$112.604B Oakland, MI
$111.568B Travis, TX
$109.073B Bexar, TX
$108.755B Queens, NY
$108.572B Broward, FL
$105.937B Kings, NY
$100.074B Cuyahoga, OH

All the West Coast cities doing well, obviously due to tech. Bay Area has unreal GDP.

Tell me about it. :haha:

I was hoping for a stronger growth on Rust Belt areas. Chicago keeps disappointing.

Los Angeles (+Riverside) which has being ignored today, overshadowed by New York skyscraper boom and San Francisco non-stop growing, it's been experiencing a quite decent growth.

Thanks for sharing, Dimond!


It's crazy. It already has, by a large margin, the highest metropolitan GDP per capita in the world and still keeps growing at insane rates.

Surprisingly for all the talk of Texas booming, Houston is coming in dead last in terms of growth. Dallas has more than double the growth rate, however, presumably due to more tech companies. Philadelphia and Chicago are second and third to last, respectively. Fortunately Chicago has a Salesforce tower coming soon which should help it along a little more.

Because there's a lot more to real life than just numbers on paper. California has insane inequality (probably the most on earth) and the highest rate of supplemental poverty in the country. Any individual in SF making less than $82,000 a year is considered low-income by HUD.

This isn't really something to pat yourself on the back for, it's insane out of wack capitalism dysfunction inching towards caste society.

Unfortunately Salesforce leasing more space downtown will just be a drop in the bucket, Chicago has added like 45,000 tech jobs since 2010 but it still lags in many growth metrics overall. What the city needs are some transformational changes to top the outflow of lower and middle class residents from the South and West sides.

So California can't win here? If the GDP gains weren't impressive, I'd guarantee there would be alot of "we told you, Texas is stealing the companies, California's business climate sucks, taxes, homeless etc".

:shrug:

Sounds like sour grapes, but whatever.

For all the talk of Texas growth, I got to wonder whether the California GDP growth has been at a higher rate than the Texas GDP growth for the five year period?

I think Diamondpark had some stats that showed employment gains (?) where Texas was ahead, but it was very small. Certainly not as much as the Texas boosters wanted, that's for sure. Alot of talk about nothing, really.

damn, seattle. hanging with metros that are millions of people larger. i wouldn't be surprised if it actually bypasses atlanta next year, which is crazy because ours has shot up as well.

I mean Texas is booming, just not the Houston metro. We got 4 major metros to pull from, and DFW and ATX have been more than capable to take up the slack.

Got you talking. :shrug: :cheers:

This was the biggest surprise for me. Glad I own a decent chunk of Microsoft.

Only cause it was brought up by you guys. :yes:
:notacrook: