Gross domestic product (GDP) estimates by metro area released
On September 26th, the Bureau of Economic Analysis released prototype estimates of gross domestic product (GDP) for the nation’s metropolitan statistical areas (MSAs). Representing the total market value of all goods and services produced in the area, metro GDP is available for 363 areas and 61 NAICS industries for each area.
This detailed information is an exciting new metric for analyzing regional performance, either in a time-series analysis or for regional benchmarking.
Predictably, the New York City MSA tops the list with a GDP of $1.1 trillion, nearly 9% of the GDP for the entire U.S.
