Jump to content

Charlotte among the top 20 metros for total GDP.

SydneyCarton

By SydneyCarton
in Charlotte

 Share

Recommended Posts

  • Popular Post
SydneyCarton Town

SydneyCarton

Posted
  • Popular Post
Posted

This is very impressive, and I suspect that it will rise even higher on the list in the years ahead.

 

Combined Statistical Area(CSA) GDP, 2021:

$100B+

 

1 New York-Newark $2,258,553,499

2 Los Angeles-Long Beach $1,396,198,551

3 San Jose-San Francisco-Oakland $1,250,885,571

4 Washington-Baltimore-Arlington $869,398,252

5 Chicago-Naperville $784,702,076

6 Boston-Worcester-Providence $746,085,360

7 Dallas-Fort Worth $617,313,236

8 Houston-The Woodlands $546,663,324

9 Philadelphia-Reading-Camden $538,589,225

10 Seattle-Tacoma $527,938,831

11 Atlanta-Athens-Sandy Springs $517,720,455

12 Miami-Port St Lucie-Fort Lauderdale $452,079,574

13 Detroit-Warren-Ann Arbor $339,666,852

14 Minneapolis-St Paul $320,370,771

15 Phoenix-Mesa $318,238,390

16 Denver-Aurora $308,663,718

17 Orlando-Lakeland-Deltona $232,596,501

18 Cleveland-Akron-Canton $231,521,934

19 Portland-Vancouver-Salem $224,956,326

20 Charlotte-Concord $214,826,266

21 Salt Lake City-Provo-Orem $195,835,314

22 St Louis-St Charles-Farmington $191,030,001

23 Indianapolis-Carmel-Muncie $182,754,088

24 Pittsburgh-New Castle-Weirton $182,743,543

25 Cincinnati-Wilmington-Maysville $175,640,872

26 Columbus-Marion-Zanesville $174,627,611

27 Sacramento-Roseville $173,683,400

28 Kansas City-Overland Park-Kansas City $170,529,855

29 Raleigh-Durham-Cary $170,469,927

30 Nashville-Davidson-Murfreesboro $167,841,133

31 San Antonio-New Braunfels-Pearsall $145,634,572

32 Las Vegas-Henderson $138,407,483

33 Milwaukee-Racine-Waukesha $134,046,299

34 Hartford-East Hartford $127,250,669

35 VIrginia Beach-Norfolk $112,071,773

36 Jacksonville-St Marys-Palatka $106,044,056

 

https://www.bea.gov/news/2022/gross-...ct-county-2021

 

 

Sent from my iPhone using Tapatalk

  • Like 5
  • Thanks 2
Link to comment
Share on other sites

  • Replies 9
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

SydneyCarton
SydneyCarton

This is very impressive, and I suspect that it will rise even higher on the list in the years ahead.   Combined Statistical Area(CSA) GDP, 2021: $100B+   1 New York-Newark $2,258,553,499 2 Los Angeles

RANYC
RANYC

If we work really hard, maybe we can aspire to get to Des Moines status

CLT2014
CLT2014

A 20th ranking is roughly proportional to our population size as the 21st most populous combined-statistical-area. We overtook St. Louis CSA on GDP, despite that area having roughly 100,000 more peopl

  • Popular Post
CLT2014 Town

CLT2014

Posted
  • Popular Post
Posted (edited)

A 20th ranking is roughly proportional to our population size as the 21st most populous combined-statistical-area. We overtook St. Louis CSA on GDP, despite that area having roughly 100,000 more people than us. 

By and large the largest GDP rankings align with most populous with a few CSAs that outperform ranking wise:

  • San Fran Bay Area is 3rd for GDP, but only 5th for population -> WAY outperforming. The entire economy of the Bay Area is almost as large as Greater Los Angeles despite having roughly half the population (9 million less people). 
  • Seattle is 10th for GDP, but only 14th for population. It jumps ahead of Atlanta, Miami, Detroit, and Phoenix that have more people, but less tech industry and cheaper real estate. Seattle also has the Boeing manufacturing plant.... $$$$ rolling off the assembly line.
  • Phoenix and Orlando economies get leapfrogged by the less populated Minneapolis and Denver areas respectfully. 
  • Charlotte is slightly smaller than St. Louis and jumps a spot ahead on GDP.


 

Edited by CLT2014
  • Like 5
Link to comment
Share on other sites
kermit Metropolitan Area

kermit

Posted
Posted (edited)

^ meh (this is a response to OP, not to CLT2014). Within the US the total GDP measure is really just a proxy for population. Charlotte fares considerable less well looking at GDP per capita (a proxy for productivity):

Charlotte ranks 38th (out of 385 MSAs) with $76,958 in GDP per person (this is above the US metro average of $73,107 per person). We are basically tied with Dallas and Atlanta in this measure. These data are calculated using the same BEA source your table uses.

On the plus side we are marginally above Philadelphia and Raleigh! Although Durham is, by far, the most productive NC metro, it ranked 13th ($92,987 per person)

I think the GDP PC measure is a much better measure of productivity and human capital than the total GDP measure. The top of the list is San Jose, San Francisco, Seattle, Boston New York and DC. Having said that, Midland Texas is the current #1, but that is largely a product of sanctions on Russian exports and mining being a very capital intensive (and labor extensive) activity.

I also glanced at the change in GDP pc since 2001. Charlotte's GDPpc increased slightly more than the US metro average change. but Charlotte ranked 50th for increase in GDP pc (we were easily bested by Nashville and Austin in addition to the other high flyers listed above, these data tell me that had mediocre economic development despite impressive population growth).

Edited by kermit
  • Like 1
  • Thanks 2
Link to comment
Share on other sites
Reverie39 Hamlet

Reverie39

Posted
Posted (edited)
50 minutes ago, kermit said:

^ meh (this is a response to OP, not to CLT2014). Within the US the total GDP measure is really just a proxy for population. Charlotte fares considerable less well looking at GDP per capita (a proxy for productivity):

Charlotte ranks 38th (out of 385) with $76,958 in GDP per person (this is above the US metro average of $73,107 per person) (using the same BEA data your list used)

On the plus side we are marginally above Philadelphia and Raleigh! Although Durham is ranked 13th ($92,987 per person)

I think the GDP PC measure is a much better measure of productivity and human capital than the total GDP measure. The top of the list is San Jose, San Francisco, Seattle, Boston New York and DC. Having said that, Midland Texas is the current #1, but that is largely a product of Vladimir and sanctions on Russian exports.

I also glanced at the change in GDP pc since 2001. Charlotte's GDPpc increased slightly more than the US metro average change. but Charlotte ranked 50th for increase in GDP pc (we were easily bested by Nashville and Austin in addition to the other high flyers listed above, these data tell me that had mediocre economic development despite impressive population growth).

Interesting though that your GDP PC list appears to separate Raleigh and Durham (using MSA definitions, maybe?) whereas OP's list combines them (CSA) That might influence rankings significantly as there are more cities to include.

Edited by Reverie39
Link to comment
Share on other sites
RANYC Burg

RANYC

Posted
Posted (edited)
2 hours ago, SydneyCarton said:

 

This is very impressive, and I suspect that it will rise even higher on the list in the years ahead.

 

Combined Statistical Area(CSA) GDP, 2021:

$100B+

 

1 New York-Newark $2,258,553,499

2 Los Angeles-Long Beach $1,396,198,551

3 San Jose-San Francisco-Oakland $1,250,885,571

4 Washington-Baltimore-Arlington $869,398,252

5 Chicago-Naperville $784,702,076

6 Boston-Worcester-Providence $746,085,360

7 Dallas-Fort Worth $617,313,236

8 Houston-The Woodlands $546,663,324

9 Philadelphia-Reading-Camden $538,589,225

10 Seattle-Tacoma $527,938,831

11 Atlanta-Athens-Sandy Springs $517,720,455

12 Miami-Port St Lucie-Fort Lauderdale $452,079,574

13 Detroit-Warren-Ann Arbor $339,666,852

14 Minneapolis-St Paul $320,370,771

15 Phoenix-Mesa $318,238,390

16 Denver-Aurora $308,663,718

17 Orlando-Lakeland-Deltona $232,596,501

18 Cleveland-Akron-Canton $231,521,934

19 Portland-Vancouver-Salem $224,956,326

20 Charlotte-Concord $214,826,266

21 Salt Lake City-Provo-Orem $195,835,314

22 St Louis-St Charles-Farmington $191,030,001

23 Indianapolis-Carmel-Muncie $182,754,088

24 Pittsburgh-New Castle-Weirton $182,743,543

25 Cincinnati-Wilmington-Maysville $175,640,872

26 Columbus-Marion-Zanesville $174,627,611

27 Sacramento-Roseville $173,683,400

28 Kansas City-Overland Park-Kansas City $170,529,855

29 Raleigh-Durham-Cary $170,469,927

30 Nashville-Davidson-Murfreesboro $167,841,133

31 San Antonio-New Braunfels-Pearsall $145,634,572

32 Las Vegas-Henderson $138,407,483

33 Milwaukee-Racine-Waukesha $134,046,299

34 Hartford-East Hartford $127,250,669

35 VIrginia Beach-Norfolk $112,071,773

36 Jacksonville-St Marys-Palatka $106,044,056

 

https://www.bea.gov/news/2022/gross-...ct-county-2021

 

 

Sent from my iPhone using Tapatalk

 

Agree with the comments on GDP PC as being paramount

Edited by RANYC
Link to comment
Share on other sites
kermit Metropolitan Area

kermit

Posted
Posted (edited)
1 hour ago, AirNostrumMAD said:

Austin didn’t rank in the top 36? 

My apologies, I was sloppy with my highlighting, Austin ranked 24th in GDP pc

MSA GDP Per capita Rank
Midland, TX (Metropolitan Statistical Area) $242,730 1
San Jose-Sunnyvale-Santa Clara, CA (Metropolitan Statistical Area) $210,235 2
San Francisco-Oakland-Berkeley, CA (Metropolitan Statistical Area) $144,633 3
Seattle-Tacoma-Bellevue, WA (Metropolitan Statistical Area) $119,646 4
Trenton-Princeton, NJ (Metropolitan Statistical Area) $113,069 5
Boston-Cambridge-Newton, MA-NH (Metropolitan Statistical Area) $108,506 6
Bridgeport-Stamford-Norwalk, CT (Metropolitan Statistical Area) $102,891 7
New York-Newark-Jersey City, NY-NJ-PA (Metropolitan Statistical Area) $100,806 8
Boulder, CO (Metropolitan Statistical Area) * $100,692 9
Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area) * $95,593 10
Salt Lake City, UT (Metropolitan Statistical Area) $93,815 11
Elkhart-Goshen, IN (Metropolitan Statistical Area) $93,136 12
Durham-Chapel Hill, NC (Metropolitan Statistical Area) $92,987 13
Sioux Falls, SD (Metropolitan Statistical Area) $92,438 14
Napa, CA (Metropolitan Statistical Area) $90,943 15
Bloomington, IL (Metropolitan Statistical Area) $88,600 16
Lima, OH (Metropolitan Statistical Area) $88,152 17
Hartford-East Hartford-Middletown, CT (Metropolitan Statistical Area) $87,884 18
Columbus, IN (Metropolitan Statistical Area) $87,368 19
Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area) $86,532 20
Denver-Aurora-Lakewood, CO (Metropolitan Statistical Area) * $85,246 21
Des Moines-West Des Moines, IA (Metropolitan Statistical Area) $85,061 22
Madison, WI (Metropolitan Statistical Area) $82,901 23
Austin-Round Rock-Georgetown, TX (Metropolitan Statistical Area) $82,372 24
Albany-Schenectady-Troy, NY (Metropolitan Statistical Area) $82,283 25
Wheeling, WV-OH (Metropolitan Statistical Area) $81,598 26
San Diego-Chula Vista-Carlsbad, CA (Metropolitan Statistical Area) $81,548 27
Nashville-Davidson--Murfreesboro--Franklin, TN (Metropolitan Statistical Area) $81,011 28
Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan Statistical Area) $80,468 29
Chicago-Naperville-Elgin, IL-IN-WI (Metropolitan Statistical Area) $80,398 30
Dubuque, IA (Metropolitan Statistical Area) $79,424 31
Baltimore-Columbia-Towson, MD (Metropolitan Statistical Area) $78,556 32
Ann Arbor, MI (Metropolitan Statistical Area) $77,438 33
Manchester-Nashua, NH (Metropolitan Statistical Area) $77,178 34
Norwich-New London, CT (Metropolitan Statistical Area) $77,168 35
Atlanta-Sandy Springs-Alpharetta, GA (Metropolitan Statistical Area) $77,119 36
Dallas-Fort Worth-Arlington, TX (Metropolitan Statistical Area) $77,109 37
Charlotte-Concord-Gastonia, NC-SC (Metropolitan Statistical Area) $76,958 38
Decatur, IL (Metropolitan Statistical Area) $76,703 39
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (Metropolitan Statistical Area) $76,675 40
Indianapolis-Carmel-Anderson, IN (Metropolitan Statistical Area) $76,200 41
Omaha-Council Bluffs, NE-IA (Metropolitan Statistical Area) $76,033 42
Cincinnati, OH-KY-IN (Metropolitan Statistical Area) $75,992 43
Lake Charles, LA (Metropolitan Statistical Area) $75,070 44
Richmond, VA (Metropolitan Statistical Area) * $75,064 45
Raleigh-Cary, NC (Metropolitan Statistical Area) $74,763 46
California-Lexington Park, MD (Metropolitan Statistical Area) $74,730 47
Santa Maria-Santa Barbara, CA (Metropolitan Statistical Area) $74,600 48
Houston-The Woodlands-Sugar Land, TX (Metropolitan Statistical Area) $74,522 49
Portland-Vancouver-Hillsboro, OR-WA (Metropolitan Statistical Area) $74,283 50
Edited by kermit
Link to comment
Share on other sites
  • Popular Post
RANYC Burg

RANYC

Posted
  • Popular Post
Posted
20 minutes ago, kermit said:

Austin ranked 24th in GDP pc

MSA GDP Per capita Rank
Midland, TX (Metropolitan Statistical Area) $242,730 1
San Jose-Sunnyvale-Santa Clara, CA (Metropolitan Statistical Area) $210,235 2
San Francisco-Oakland-Berkeley, CA (Metropolitan Statistical Area) $144,633 3
Seattle-Tacoma-Bellevue, WA (Metropolitan Statistical Area) $119,646 4
Trenton-Princeton, NJ (Metropolitan Statistical Area) $113,069 5
Boston-Cambridge-Newton, MA-NH (Metropolitan Statistical Area) $108,506 6
Bridgeport-Stamford-Norwalk, CT (Metropolitan Statistical Area) $102,891 7
New York-Newark-Jersey City, NY-NJ-PA (Metropolitan Statistical Area) $100,806 8
Boulder, CO (Metropolitan Statistical Area) * $100,692 9
Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area) * $95,593 10
Salt Lake City, UT (Metropolitan Statistical Area) $93,815 11
Elkhart-Goshen, IN (Metropolitan Statistical Area) $93,136 12
Durham-Chapel Hill, NC (Metropolitan Statistical Area) $92,987 13
Sioux Falls, SD (Metropolitan Statistical Area) $92,438 14
Napa, CA (Metropolitan Statistical Area) $90,943 15
Bloomington, IL (Metropolitan Statistical Area) $88,600 16
Lima, OH (Metropolitan Statistical Area) $88,152 17
Hartford-East Hartford-Middletown, CT (Metropolitan Statistical Area) $87,884 18
Columbus, IN (Metropolitan Statistical Area) $87,368 19
Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area) $86,532 20
Denver-Aurora-Lakewood, CO (Metropolitan Statistical Area) * $85,246 21
Des Moines-West Des Moines, IA (Metropolitan Statistical Area) $85,061 22
Madison, WI (Metropolitan Statistical Area) $82,901 23
Austin-Round Rock-Georgetown, TX (Metropolitan Statistical Area) $82,372 24
Albany-Schenectady-Troy, NY (Metropolitan Statistical Area) $82,283 25
Wheeling, WV-OH (Metropolitan Statistical Area) $81,598 26
San Diego-Chula Vista-Carlsbad, CA (Metropolitan Statistical Area) $81,548 27
Nashville-Davidson--Murfreesboro--Franklin, TN (Metropolitan Statistical Area) $81,011 28
Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan Statistical Area) $80,468 29
Chicago-Naperville-Elgin, IL-IN-WI (Metropolitan Statistical Area) $80,398 30
Dubuque, IA (Metropolitan Statistical Area) $79,424 31
Baltimore-Columbia-Towson, MD (Metropolitan Statistical Area) $78,556 32
Ann Arbor, MI (Metropolitan Statistical Area) $77,438 33
Manchester-Nashua, NH (Metropolitan Statistical Area) $77,178 34
Norwich-New London, CT (Metropolitan Statistical Area) $77,168 35
Atlanta-Sandy Springs-Alpharetta, GA (Metropolitan Statistical Area) $77,119 36
Dallas-Fort Worth-Arlington, TX (Metropolitan Statistical Area) $77,109 37
Charlotte-Concord-Gastonia, NC-SC (Metropolitan Statistical Area) $76,958 38
Decatur, IL (Metropolitan Statistical Area) $76,703 39
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (Metropolitan Statistical Area) $76,675 40
Indianapolis-Carmel-Anderson, IN (Metropolitan Statistical Area) $76,200 41
Omaha-Council Bluffs, NE-IA (Metropolitan Statistical Area) $76,033 42
Cincinnati, OH-KY-IN (Metropolitan Statistical Area) $75,992 43
Lake Charles, LA (Metropolitan Statistical Area) $75,070 44
Richmond, VA (Metropolitan Statistical Area) * $75,064 45
Raleigh-Cary, NC (Metropolitan Statistical Area) $74,763 46
California-Lexington Park, MD (Metropolitan Statistical Area) $74,730 47
Santa Maria-Santa Barbara, CA (Metropolitan Statistical Area) $74,600 48
Houston-The Woodlands-Sugar Land, TX (Metropolitan Statistical Area) $74,522 49
Portland-Vancouver-Hillsboro, OR-WA (Metropolitan Statistical Area) $74,283 50

If we work really hard, maybe we can aspire to get to Des Moines status

  • Like 2
  • Haha 5
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.