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US GMPs Growth:1994-2004

2100 Views 11 Replies 7 Participants Last post by  NovaWolverine
I found this really informative website recently on US Metro Economies, but didn't have enough time to share it with you guys. A couple of days ago finally found some free time and sorted all the data out for 100+ billion US Metro economies. I was amazed at the growth of even the biggest Metro economies. If one looks at the population growth in correlation to this data a major rise in the standard of living has occured, although it differs from Metro to Metro.

Some of those are CMSAs. Everyone is welcome to share the GMP of their own outside of the US.


Bay Area--------205.5-----------344.4
San Diego---------70.5-----------136.1
St. Louis----------67.3-----------102.0
Figures are in billions of US Dollars.

The rest:
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Wow What growth for all Metros. Amazing how much NYC and LA have grown in just 10 years.

Seattle, Houston and Atlanta also stand out to me as well.
Anybody notice that NYC's Metro economy passed 1 trillion? Only Tokyo's Metro economy is bigger at 1.315 trillion.
Great Job.

I cant believe the Bay Area grew from 2001-2003 cause we shed 300,000 jobs in this time period.
bay_area said:
Great Job.

I cant believe the Bay Area grew from 2001-2003 cause we shed 300,000 jobs in this time period.
Yes that is amazing, but the only reason it happened was because of the crazy increase in productivity. I looked over the data year by year and it looks like only San Jose's Metro economy decreased in 2001 and 2002 the two of the worst years in the Bay Area. SF the biggest economy of the Bay Area was also hit but a lot less than San Jose, it's economy kept on growing but at a minimal rate. Oakland on the other hand saw some job losses, but it's economic growth didn't slow that much. Shows just how much a diverse economy helps when a recession comes.
How did DC-Baltimore leapfrog Chicago? All impressive growth nonetheless. I wonder how if stacks up when you consider inflation?
samsonyuen said:
How did DC-Baltimore leapfrog Chicago? All impressive growth nonetheless. I wonder how if stacks up when you consider inflation?
These are inflation adjusted. If you go to the website they even talk about that all the data is. As to why DC-Baltimore surpassed Chicago it's simple. During the early 2000's US recession the manufacturing sector was the hardest hit. Chicago being part of the manufacturing belt saw a major recession and a very slow economic recovery. Meanwhile DC-Baltimore saw only a minor recession and a brisk recovery, because of the military and governmental increase in spending in the area. Most of the military contracts have centered in DC-Baltimore Metro. Also the economic growth since early 2000 has been a lot faster in DC than in Chicago, the margin will only increase. By 2010 DC-Baltimore Metro's economy should be 50 billion bigger than Chicago's Metro.
Here's a top ten from another Site. It would be interesting to see 2005.
2003 2004

1 New York-Northern New Jersey-Long Island, NY-NJ $845.8 $901.3 6.6%
2 Los Angeles-Long Beach-Santa Ana, CA $539.2 $581.3 7.8%
3 Chicago-Naperville-Joliet, IL-IN-WI $375.5 $392.6 4.6%
4 Washington-Arlington-Alexandria, DC-MD-VA-WV $253.0 $276.2 9.2%
5 Dallas-Fort Worth-Arlington, TX $237.7 $256.4 7.9%
6 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $239.9 $253.4 5.6%
7 Boston-Cambridge-Quincy, MA-NH $218.5 $233.7 7.0%
8 Houston-Sugar Land-Baytown, TX $200.4 $214.7 7.1%
9 San Francisco-Oakland-Fremont, CA $193.6 $204.9 5.8%
10 Atlanta-Sandy Springs-Marietta, GA $185.1 $198.1 7.0%
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^ I don't like lists like that. They only include part of the whole Metro instead of combining all of the smaller ones into one true one. For example the LA Metro in this list is only LA and Orange Counties, which is fucking stupid. It only confuses people when they're trying to analyze the data. Everyone knows that when you're showing the LA Metro economy you have too include Riverside, San Bernardino and Ventura Counties. :bash: Same goes for NYC Metro. Why they exclude Southern Connecticut's economy when showing the NYC Metro's economy, who will ever know?
I agree Atlantic city isn't even part of Philly Metro on both lists.
Really interesting how the post-9-11 US military interventions in Afghanistan & Iraq, the Homeland Security boom, & the global war against terrorism have proven such a bonanza for the Washington-Baltimore metropolitan economy!
Not that it's not a major contributor, but direct defense and gov't related stuff isn't the only industry that has done well in the region, biotech and tech and information technology are industries that have ties to the gov't obviously, but they've been doing pretty well too and many of them became huge. This is from '94-'04, so only 3 yrs is post 9/11, and 4 yrs of Bush, the other 6 have to be accounted for too, and It went from 40 down of Chi to 4 above, and 4th to 3rd overall, so it's not that serious.
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