U.S. Metro Economies GMP and Employment 2013-2015 Including 2020 Economic Forecast June 2014 Prepared for: The United States Conference of Mayors and The Council on Metro Economies and the New American City Prepared by: The United States Conference of Mayors
The United States Conference of Mayors Kevin Johnson Mayor of Sacramento President Stephanie Rawlings-Blake Mayor of Baltimore Vice President Michael B. Coleman Mayor of Columbus Chair, Council of Metro Economies and the New American City Tom Cochran CEO and Executive Director Published by IHS Global Insight (USA), Inc. Corporate Headquarters: 24 Hartwell Avenue, Lexington, MA 02421-3158 2010 by IHS Global Insight (USA), Inc. Reproduction in whole or in part prohibited except by permission. All rights reserved. Printed on Recycled Paper. do your part! please recycle!
U.S. Metro Economies GMP and Employment 2013-2015 Including 2020 Economic Forecast June 2014 Prepared for: The United States Conference of Mayors and The Council on Metro Economies and the New American City Prepared by: The United States Conference of Mayors
INTRODUCTION After a weak first quarter, battered by the harsh winter weather, the nation is expected to gather momentum during the remainder of the year. Improved global growth will support stronger exports, while business and consumer spending will also gain some traction. Metro economies will lead the way, first enabling the nation to at last recover the jobs lost during the recession, and then propelling the US economy to achieve its growth potential of greater than 3% real gains per year, a rate not reached since 2004. In 2015 almost half of all metros will exceed the 3% growth rate. Of course, not all metros will recover lost jobs this year, or be able to generate such growth. Economic activity is improving across the nation, but much work still needs to be done in many of the nation s metros. THE US ECONOMY IN 2014 Real GDP actually measured a decline in the first quarter, but there is an element of good news in the data. Inventory accumulation in the latter months of last year boosted 2013 GDP growth, but it was recognized that this would artificially depress 2014 GDP growth. The first quarter data indicate that the entire correction was achieved in the first quarter. As a result we project a second quarter rebound to 3.7% growth, thanks to exports and capital equipment investment. Our outlook for the rest of the year has growth averaging near 3%, inflation just under 2%, housing starts above one million units, and unemployment dipping towards 6%. The labor market now has strong momentum. May represented the fourth consecutive month with at least 200,000 jobs created. The labor force participation rate held steady at 62.8% a helpful factor to drive future job creation. While the economy has generated 2.369 million jobs over the past year, a major concern remains the quality of these jobs. Of these jobs, 388,000 were in administrative and waste services (which include temporary help services); 317,000 in retail; and 311,000 in food and beverage establishments all low-wage sectors. Key higherpaying sectors, such as manufacturing, government, and financial services, contributed very little to this annual growth. METROPOLITAN ECONOMIES AND GROSS METRO PRODUCT Metropolitan areas continued to be the beating heart of the US economy in 2013. They were home to 84% of the nation s population, 86% of total non-farm employment, 87% of total real income, 90% of new housing starts, and 90% of real gross domestic product. And they are expanding: total metropolitan employment climbed by 1.9% last year, real gross product increased by 2.1%, and metropolitan area population rose by 0.9%, with each growth rate faster than that of the US. 1
Led by $1.4 trillion in New York, the gross metropolitan product (GMP) of 33 US metros surpassed $100 billion in 2013, as Austin, Columbus, and Sacramento joined that elite club. In 2014 we project that Las Vegas and Nashville will as well. Combined, the nation s 10 highest-producing metro economies surpassed the output of the 37 lowest-producing states in 2013. New York, Los Angeles, and Chicago would all rank in the top ten among state economies. (See Appendix Table 4) Comparing metro economies to the nations of the world provides further evidence of the importance of US metros. Eight of the world s 40 highest producing economies are US metropolitan areas. New York s economy alone would rank 13 th among the nations of the world, ahead of Spain, South Korea and Mexico. Los Angeles would rank in the top 20, and Chicago s metropolitan economy ranks 23 rd, ahead of Sweden. Houston, Washington, Dallas, San Francisco, Philadelphia, Boston, Atlanta, and Miami all rank among the top 50. San Antonio ranks 36 th among US metros, and would be in the top 100 among nations and metros combined. Thus, U.S. metros comprise 36 of the 100 largest world economies, and are truly major players in the global economy. (See Appendix Table 2 for full details) In 2013, 294 of the country s metropolitan areas saw their real GMP increase. Of those 294, 21 metros saw growth of 4% or more, 52 of 3% or more, 120 of 2% or more, faster than the national rate, and 230 of 1% or more. Conversely, 69 metros last year saw no, or declining, growth. (See Appendix Table 8) FIGURE 1: 2013 REAL GROSS METRO PRODUCT GROWTH, 100 LARGEST METRO AREAS Highest (%) Lowest (%) Austin Round Rock San Marcos, TX 4.6 Poughkeepsie Newburgh, NY 1.0 San Jose Sunnyvale Santa Clara, CA 4.2 Rochester, NY 0.8 Nashville Davidson, TN 4.2 Dayton, OH 0.6 San Francisco Oakland Fremont, CA 4.1 New Haven Milford, CT 0.5 New Orleans Metairie Kenner, LA 3.9 Youngstown Warren, OH PA 0.4 Charlotte Gastonia Rock Hill, NC SC 3.8 El Paso, TX 0.3 Fayetteville Springdale Rogers, AR MO 3.8 Hartford, CT 0.2 Dallas Fort Worth Arlington, TX 3.7 Buffalo Niagara Falls, NY 0.2 Tampa St. Petersburg Clearwater, FL 3.5 Wichita, KS 0.2 Phoenix Mesa Glendale, AZ 3.3 Portland, ME 0.2 The fastest growers among the 100 largest metro areas were mostly in the West and South regions where the real estate market recovery has fueled economic growth. 2
Real estate and housing markets in 2013 proved to be a boon for Dallas, Austin, Tampa, and Phoenix, in particular. Professional and business services and information were the largest contributors to San Francisco and San Jose, respectively. The fastest growing metro in the nation was once again the small metro of Midland, TX where the agriculture, construction and mining industries boosted total real GMP growth to 8.5%. METRO ECONOMIES IN 2014 AND 2015 IHS anticipates US real economic growth to accelerate in 2014 to 2.3%. This will occur despite a tepid first quarter in which payrolls expanded by less than 1%, as economic activity was restrained by extreme winter weather, which led to supply disruptions and slowed real estate and construction markets. For the year, 344 metros (95%) will see real GMP growth. FIGURE 2: 2014 REAL GROSS METRO PRODUCT GROWTH, % Percent -1.5 to -0.3-0.2 to 0.0 0.0 to 1.6 1.6 to 7.3 The labor markets of metropolitan areas will continue to heal, as payrolls increase, unemployment falls and employment levels return to their pre-recession peaks. By the fourth quarter of 2013, 284 metropolitan areas had seen their unemployment rates fall below 8%, while 205 fell below 7%, 121 dropped under 6%, and 49 had rates less than 5%. At the end of 2013 Bismarck and Fargo ND had the lowest rates 3
of unemployment at 2.5% and 3.0%, respectively. Looking ahead, at yearend 2016, 324 metros will have jobless rates below 7%, 269 under 6%, 144 less than 5%, and 49 will drop below 4%. (See Appendix Table 10) As labor force participation rates stabilize or advance, the improvement in unemployment rates will come from job growth. In fact, 337 metropolitan areas will experience year-over-year employment growth in 2014, with 254 seeing growth of 1% or more, 116 at 2% or greater, and 33 at 3% or higher. Over this span of time, metropolitan areas will significantly lead non-metros in employment growth averaging 2.0% compound growth, compared to 1.6% in non-metropolitan areas. (See Appendix Table 8 for a detailed list of metropolitan employment growth) Ocean City, NJ, with 5.8% job growth led by a rebound in leisure and hospitality, is expected to be the metro with the fastest employment gain, followed by Midland, TX (5.5%), Greeley, CO (5.2%), and Naples, FL (4.6%). The nation s largest metros will see job increases as well but not at such rapid rates as only four (Houston, Dallas, Atlanta and San Francisco) of the 10 largest economies will rank in the 100 fastest growers. All in all, 344 metros will see real GMP growth this year. 316 Metropolitan areas will experience growth of 1% or more, 182 will expand by 2% or more, and 54 will see real gross metropolitan product increase by 3% or more. This leaves just 19 metros expected to plateau or decline. As the experience of recent years causes concern that the nation s economic recovery remains vulnerable, the performance of our metropolitan areas is paramount for our national success. In 2014, these juggernauts of economic growth will supply 87% of the payroll growth, 88% of income growth, 97% of population growth, and 91% of the gross domestic product growth of the nation s economy. Moreover, the economic growth of metro economies in 2015 will accelerate. Real GMP growth in excess of 3% will be provided by 172 metros, pulling the US to real GDP gains of 3.2%. Only 32 metros will see growth of less than 2% in 2015, and IHS expects all 363 metros to see real GMP growth of 1% or better in 2015. Construction, natural resources and mining will fuel growth in 2015, particularly in the Southwest as the metros of Texas will grow the fastest. Midland (8.4%) will top the list with Odessa (5.4%), Laredo (5.3%), Houston (4.8%), Austin (4.7%) and McAllen (4.6%) rounding out the top ten. In addition, 345 metros will see employment expand by more than 1%. Unemployment will fall to under 6% for the nation. (See Appendix Tables 8 and 9) 4
THE RECOVERY IN EMPLOYMENT FIGURE 3: RETURN TO PEAK EMPLOYMENT Return to Peak 2009-2013 2014 2015 2016-2017 2018+ Preliminary May 2014 employment data from the BLS indicates that the US economy has at last re-gained its peak employment level before the recession, that of January 2008. The economy is now poised to make headway in expanding employment opportunities to those who have recently joined the labor force but unable to find jobs, and to those who have left the labor force prematurely do to the lack of job prospects. At yearend 2013, 123 (34%) metros had returned to their pre-recession employment levels (see Figure 3). That number will grow to 175 (48%) this year and to 219 (60%) in 2015. (See Appendix Table 11) THE LONG-TERM METRO OUTLOOK IHS Economics US Regional forecast indicates the nation s metropolitan areas will continue to be the crux of economic growth for years to come, supplying 89% of the employment and real income growth, 92% real gross product growth, and 94% of the population growth through 2020. Over that time period, population growth in metros will dwarf that of non-metros, averaging a 0.9% compound annual gain 5
compared to 0.3% for non-metros, and leading to 1.5% compound annual employment growth for metros through 2020. Construction and natural resources, along with professional/business services will make significant contributions to metropolitan economies, expanding by average annual rates of 4.7% and 3% respectively. The expanding metro economies will support increased household formation, and demand for residential and commercial real estate will tick upwards, fueling advances in housing starts and construction payrolls. The recent economic boon driven by unconventional shale plays - including the abundance of affordable natural gas will inspire further exploration and extraction, spurring growth in the natural resources and mining sector. All the while, the service-based economy will continue to expand, particularly the professional and business sectors. Unfortunately, the low paying administrative and support services division is expected to be the fastest grower, significantly outpacing the more lucrative management and technical sectors. Through 2020, Austin TX (4.4%), Raleigh NC (4.3%), and Fayetteville AR (4.2%) will be the three fastest growing large metros. The information and professional business services sectors will be some of the most critical sources of economic growth across each of these metros, as well as agriculture, construction and mining in Fayetteville, manufacturing in Raleigh, and education/health services in Austin. (For percent growth in all metro areas, see Appendix Table 5) FIGURE 4: REAL GROSS METRO PRODUCT GROWTH AVERAGE ANNUAL PERCENT CHANGE, 2013-2020 100 LARGEST METRO AREAS Highest (%) Austin Round Rock San Marcos, TX 4.4 Raleigh Cary, NC 4.3 Fayetteville Springdale Rogers, AR MO 4.2 Riverside San Bernardino Ontario, CA 4.2 Durham Chapel Hill, NC 4.1 Orlando Kissimmee Sanford, FL 4.1 Bakersfield Delano, CA 4.1 Phoenix Mesa Glendale, AZ 4.0 Houston Sugar Land Baytown, TX 4.0 McAllen Edinburg Mission, TX 4.0 6
A NOTE ON LONG TERM POPULATION GROWTH In a previous report for the Conference of Mayors in July 2012, IHS reported that metro area population would grow by 32% from 2012-2042. However, in 2013 the US Census Bureau revised downward its long term population projections for the US. These revisions assumed a markedly lower rate of foreign immigration, and a slightly lower birth rate, than previously assumed. Taking these factors into account, we now project the metro population will grow by 25%, approximately 66 million persons, over the next 30 years. CONCLUSION U.S. metro growth will continue to accelerate next year (2015), with almost half of metros having real economic growth in excess of 3%, with all 363 metros projected to see growth of 1% or better. By 2016, nearly three quarters of all metros (269) will have unemployment rates below 6%. What is clear from this accelerated growth forecast is that the economic prosperity of the U.S. economy is directly linked with the economic growth and job producing power of our nation's 363 metro economies. 7
IHS Global Insight Appendix Tables
Table of Contents GROSS METROPOLITAN PRODUCT Table 1: Gross Metropolitan Product of U.S. Metro Areas... 1 Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP)... 10 Table 3: Gross Metropolitan Product of U.S. Metro Areas and Gross State Product of U.S. States... 23 Table 4: The Gross Metropolitan Product of the Top 10 Metro Areas in 2013 Exceeded the Combined Output of the Following 37 States... 34 Table 5: Average Annual Growth of U.S. Metro Area Economies (2013-2020)... 35 Table 6: Metro Area Shares of U.S. Production (2013)... 44 Table 7: Gross Metropolitan Product as a Share of Gross State Product... 45 Table 7b: Gross Metropolitan Product (Division) as a Share of Gross Metropolitan Product (MSA)... 58 Table 8: Real GMP and Employment Growth Rates, 2013 to 2015... 60 Table 9: Real GMP Growth Rates (Annual Average Percent Change)... 70 Table 10: Metro Area Unemployment Rates... 79 Table 11: Return to Peak Employment... 88 Table 12: Real Gross State and Metropolitan Output... 96 IHS Global Insight
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 1 New York-Northern New Jersey-Long Island, NY-N 1335.1 1386.0 1433.2 1500.4 2 Los Angeles-Long Beach-Santa Ana, CA 765.7 792.2 822.9 865.2 3 Chicago-Joliet-Naperville, IL-IN-WI 571.0 588.6 611.5 641.0 4 Houston-Sugar Land-Baytown, TX 449.7 467.5 496.1 523.2 5 Washington-Arlington-Alexandria, DC-VA-MD-WV 447.0 458.1 475.5 501.7 6 Dallas-Fort Worth-Arlington, TX 418.6 440.1 464.7 491.4 7 San Francisco-Oakland-Fremont, CA 360.4 379.4 395.6 417.8 8 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 364.0 375.3 387.7 406.2 9 Boston-Cambridge-Quincy, MA-NH 336.2 347.0 361.2 379.4 10 Atlanta-Sandy Springs-Marietta, GA 294.0 306.2 321.1 339.9 11 Miami-Fort Lauderdale-Pompano Beach, FL 274.1 284.9 298.8 315.6 12 Seattle-Tacoma-Bellevue, WA 258.8 269.5 279.8 293.8 13 Minneapolis-St. Paul-Bloomington, MN-WI 218.5 228.6 237.6 249.8 14 Detroit-Warren-Livonia, MI 208.4 212.0 219.2 228.2 15 Phoenix-Mesa-Glendale, AZ 201.7 210.9 221.0 234.5 16 San Diego-Carlsbad-San Marcos, CA 177.4 182.7 190.8 201.8 17 San Jose-Sunnyvale-Santa Clara, CA 173.9 182.7 192.2 203.2 18 Denver-Aurora-Broomfield, CO 167.9 174.8 182.6 192.6 19 Baltimore-Towson, MD 157.3 162.8 168.6 176.8 20 Portland-Vancouver-Hillsboro, OR-WA 147.0 153.8 161.5 171.5 21 St. Louis, MO-IL 136.9 142.2 147.0 153.5 22 Charlotte-Gastonia-Rock Hill, NC-SC 125.2 131.7 138.1 146.3 23 Pittsburgh, PA 123.6 126.7 130.9 137.1 24 Tampa-St. Petersburg-Clearwater, FL 119.9 125.7 131.7 139.0 25 Kansas City, MO-KS 113.8 117.2 121.3 127.5 26 Indianapolis-Carmel, IN 112.8 116.5 120.8 126.5 27 Riverside-San Bernardino-Ontario, CA 114.0 116.2 121.1 128.2 28 Cleveland-Elyria-Mentor, OH 111.8 113.2 116.3 121.4 29 Cincinnati-Middletown, OH-KY-IN 108.6 111.6 115.5 121.0 30 Orlando-Kissimmee-Sanford, FL 106.1 110.7 117.0 124.5 31 Austin-Round Rock-San Marcos, TX 98.7 104.4 110.6 117.5 32 Columbus, OH 99.8 102.8 106.4 112.1 33 Sacramento--Arden-Arcade--Roseville, CA 97.6 100.4 104.6 110.7 34 Las Vegas-Paradise, NV 95.6 98.7 103.2 109.5 35 Nashville-Davidson--Murfreesboro--Franklin, TN 91.1 96.3 100.8 106.2 36 San Antonio-New Braunfels, TX 92.0 95.1 99.9 105.4 37 Milwaukee-Waukesha-West Allis, WI 88.7 90.7 93.6 97.8 38 Bridgeport-Stamford-Norwalk, CT 86.3 88.8 92.2 96.4 39 Virginia Beach-Norfolk-Newport News, VA-NC 85.2 87.3 90.0 93.8 40 New Orleans-Metairie-Kenner, LA 80.2 83.7 87.4 91.0 41 Hartford-West Hartford-East Hartford, CT 80.7 81.8 84.3 87.7 Page 1
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 42 Salt Lake City, UT 74.8 77.7 81.2 85.9 43 Richmond, VA 70.1 72.2 75.0 78.7 44 Providence-New Bedford-Fall River, RI-MA 69.5 71.5 74.2 77.5 45 Memphis, TN-MS-AR 66.7 68.4 70.7 74.1 46 Louisville-Jefferson County, KY-IN 63.8 66.6 69.0 72.5 47 Jacksonville, FL 62.3 65.1 68.1 71.9 48 Oklahoma City, OK 63.3 65.0 67.7 70.5 49 Raleigh-Cary, NC 61.4 63.7 67.4 71.8 50 Birmingham-Hoover, AL 59.0 60.7 62.8 65.6 51 Honolulu, HI 56.6 57.8 59.8 62.2 52 Omaha-Council Bluffs, NE-IA 51.9 52.9 55.0 57.8 53 Baton Rouge, LA 47.7 49.4 51.5 54.1 54 Tulsa, OK 47.9 48.5 50.5 52.9 55 Buffalo-Niagara Falls, NY 47.1 47.5 48.9 50.6 56 Rochester, NY 46.9 47.0 48.2 50.1 57 Des Moines-West Des Moines, IA 42.1 44.0 45.6 47.9 58 Albany-Schenectady-Troy, NY 42.5 42.9 44.0 45.7 59 Durham-Chapel Hill, NC 39.7 41.5 43.6 46.3 60 New Haven-Milford, CT 40.1 40.4 41.8 43.6 61 Albuquerque, NM 38.8 39.9 41.5 43.3 62 Oxnard-Thousand Oaks-Ventura, CA 39.1 39.7 41.3 43.5 63 Madison, WI 38.0 39.3 41.0 43.2 64 Greensboro-High Point, NC 36.9 38.1 39.4 41.4 65 Grand Rapids-Wyoming, MI 35.3 36.8 39.0 40.9 66 Columbia, SC 34.3 35.6 37.1 39.1 67 Little Rock-North Little Rock-Conway, AR 34.4 35.5 36.9 38.7 68 Bakersfield-Delano, CA 34.3 35.2 37.0 39.3 69 Dayton, OH 34.7 34.9 35.8 37.3 70 Tucson, AZ 33.4 34.1 35.5 37.3 71 Knoxville, TN 32.4 33.4 34.6 36.2 72 Allentown-Bethlehem-Easton, PA-NJ 32.0 33.1 34.3 36.0 73 Fresno, CA 31.9 32.6 34.0 35.8 74 Charleston-North Charleston-Summerville, SC 31.0 31.9 33.3 35.2 75 Worcester, MA 30.5 31.5 32.6 34.0 76 Harrisburg-Carlisle, PA 30.0 30.8 31.9 33.3 77 Toledo, OH 29.9 30.7 31.7 33.1 78 Akron, OH 29.5 30.3 31.3 32.6 79 Trenton-Ewing, NJ 28.4 30.0 31.1 32.6 80 El Paso, TX 29.6 29.9 31.1 32.6 81 Wichita, KS 29.4 29.7 30.7 32.3 82 Greenville-Mauldin-Easley, SC 28.4 29.5 30.8 32.4 Page 2
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 83 Anchorage, AK 28.6 29.3 30.4 31.8 84 Syracuse, NY 28.5 28.8 29.5 30.6 85 Colorado Springs, CO 28.0 28.6 29.6 31.2 86 Boise City-Nampa, ID 27.5 28.3 29.5 31.1 87 Portland-South Portland-Biddeford, ME 26.9 27.2 28.1 29.3 88 Jackson, MS 25.7 26.5 27.4 28.8 89 North Port-Bradenton-Sarasota, FL 24.5 25.3 26.6 28.0 90 Springfield, MA 24.2 24.8 25.5 26.5 91 Lexington-Fayette, KY 23.9 24.8 25.7 27.1 92 Winston-Salem, NC 23.0 23.5 24.3 25.4 93 Beaumont-Port Arthur, TX 23.3 23.3 23.8 24.4 94 Poughkeepsie-Newburgh-Middletown, NY 23.3 23.3 24.0 24.9 95 Chattanooga, TN-GA 22.4 22.9 23.7 25.0 96 Corpus Christi, TX 21.9 22.8 23.6 24.6 97 Manchester-Nashua, NH 22.2 22.4 23.2 24.3 98 Huntsville, AL 21.7 22.1 22.9 24.1 99 Cape Coral-Fort Myers, FL 20.9 21.9 23.1 24.6 100 Lancaster, PA 21.0 21.6 22.3 23.3 101 Fayetteville-Springdale-Rogers, AR-MO 20.5 21.5 22.7 24.1 102 Santa Barbara-Santa Maria-Goleta, CA 20.9 21.5 22.1 23.2 103 Peoria, IL 21.3 21.5 22.1 23.0 104 Augusta-Richmond County, GA-SC 20.7 21.3 21.9 23.0 105 Boulder, CO 20.3 21.1 21.8 22.9 106 Scranton--Wilkes-Barre, PA 20.5 20.9 21.5 22.4 107 Santa Rosa-Petaluma, CA 20.3 20.9 21.9 23.0 108 Stockton, CA 20.4 20.9 21.9 23.1 109 Reno-Sparks, NV 20.4 20.9 21.7 22.8 110 Ogden-Clearfield, UT 19.9 20.6 21.6 22.8 111 Spokane, WA 19.3 19.9 20.5 21.5 112 Ann Arbor, MI 19.3 19.8 20.6 21.6 113 Lansing-East Lansing, MI 19.4 19.8 20.6 21.4 114 Fort Wayne, IN 19.0 19.5 20.3 21.2 115 Davenport-Moline-Rock Island, IA-IL 18.6 18.9 19.5 20.4 116 Fayetteville, NC 18.7 18.8 19.4 20.3 117 Shreveport-Bossier City, LA 19.2 18.5 19.3 20.0 118 Palm Bay-Melbourne-Titusville, FL 18.1 18.5 19.1 20.2 119 Evansville, IN-KY 18.0 18.1 18.8 19.8 120 Salinas, CA 17.8 18.0 18.7 19.7 121 Midland, TX 16.2 17.9 20.0 21.3 122 Provo-Orem, UT 17.0 17.8 18.7 19.9 123 Lafayette, LA 17.7 17.8 18.8 19.6 Page 3
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 124 Sioux Falls, SD 16.6 17.7 18.4 19.4 125 Lakeland-Winter Haven, FL 17.1 17.7 18.5 19.5 126 Youngstown-Warren-Boardman, OH-PA 17.6 17.7 18.2 18.9 127 Springfield, MO 16.2 17.1 17.7 18.5 128 Mobile, AL 16.8 17.0 17.5 18.4 129 Killeen-Temple-Fort Hood, TX 16.8 17.0 17.5 18.3 130 McAllen-Edinburg-Mission, TX 16.0 16.6 17.4 18.4 131 Lincoln, NE 15.9 16.5 17.4 18.3 132 Green Bay, WI 15.9 16.4 17.1 17.9 133 Modesto, CA 16.0 16.3 16.9 17.8 134 Wilmington, NC 15.4 16.1 17.0 18.0 135 York-Hanover, PA 15.8 16.0 16.4 17.2 136 Charleston, WV 15.6 15.9 16.3 17.0 137 Montgomery, AL 15.4 15.7 16.2 16.9 138 Asheville, NC 15.0 15.7 16.3 17.2 139 Reading, PA 15.2 15.5 15.9 16.6 140 Lake Charles, LA 14.7 15.3 16.3 16.9 141 Cedar Rapids, IA 14.8 15.3 15.8 16.5 142 Vallejo-Fairfield, CA 14.7 15.2 15.7 16.6 143 Pensacola-Ferry Pass-Brent, FL 14.6 15.0 15.5 16.2 144 Savannah, GA 14.1 14.6 15.1 15.9 145 Canton-Massillon, OH 14.0 14.4 14.7 15.3 146 Naples-Marco Island, FL 13.7 14.4 15.3 16.4 147 Roanoke, VA 13.7 14.1 14.5 15.1 148 Fargo, ND-MN 13.2 13.9 14.5 15.3 149 South Bend-Mishawaka, IN-MI 13.4 13.8 14.4 15.1 150 Tallahassee, FL 13.4 13.7 14.2 14.9 151 Rockford, IL 13.3 13.6 14.0 14.7 152 Atlantic City-Hammonton, NJ 13.2 13.6 13.8 14.2 153 Norwich-New London, CT 13.2 13.1 13.5 14.1 154 Salem, OR 12.7 13.1 13.6 14.3 155 Columbus, GA-AL 12.8 13.0 13.3 13.9 156 Fort Collins-Loveland, CO 12.4 12.8 13.3 14.0 157 Kalamazoo-Portage, MI 12.5 12.8 13.4 14.0 158 Hickory-Lenoir-Morganton, NC 12.3 12.8 13.3 14.0 159 Deltona-Daytona Beach-Ormond Beach, FL 12.2 12.7 13.2 13.9 160 Eugene-Springfield, OR 12.2 12.6 13.0 13.6 161 Spartanburg, SC 11.6 12.3 12.8 13.5 162 Visalia-Porterville, CA 12.0 12.2 12.8 13.6 163 Flint, MI 11.7 12.1 12.4 12.9 164 Burlington-South Burlington, VT 11.7 12.0 12.5 13.0 Page 4
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 165 Clarksville, TN-KY 11.8 11.8 12.2 12.7 166 Port St. Lucie, FL 11.5 11.8 12.4 13.1 167 Houma-Bayou Cane-Thibodaux, LA 11.2 11.7 12.4 13.0 168 San Luis Obispo-Paso Robles, CA 11.3 11.7 12.1 12.7 169 Longview, TX 11.4 11.7 12.1 12.7 170 Lubbock, TX 10.9 11.3 11.7 12.1 171 Kennewick-Richland-Pasco, WA 11.1 11.3 11.8 12.5 172 Elkhart-Goshen, IN 10.5 11.2 11.6 12.2 173 Huntington-Ashland, WV-KY-OH 10.8 11.1 11.5 12.0 174 Amarillo, TX 10.7 10.9 11.1 11.6 175 Gainesville, FL 10.5 10.7 11.1 11.6 176 Appleton, WI 10.4 10.7 11.0 11.6 177 Kingsport-Bristol-Bristol, TN-VA 10.4 10.6 11.0 11.5 178 Gulfport-Biloxi, MS 10.2 10.4 10.8 11.3 179 Fort Smith, AR-OK 10.2 10.4 10.7 11.2 180 Charlottesville, VA 10.2 10.4 10.6 11.1 181 Myrtle Beach-North Myrtle Beach-Conway, SC 10.2 10.4 10.8 11.4 182 Bellingham, WA 9.9 10.2 10.5 11.0 183 Bloomington-Normal, IL 9.9 10.1 10.3 10.8 184 Duluth, MN-WI 10.1 10.1 10.4 10.8 185 Erie, PA 10.0 10.1 10.3 10.8 186 Holland-Grand Haven, MI 9.5 10.0 10.7 11.2 187 Springfield, IL 10.0 10.0 10.3 10.7 188 Crestview-Fort Walton Beach-Destin, FL 9.8 10.0 10.4 10.9 189 Rochester, MN 9.7 10.0 10.3 10.9 190 Topeka, KS 9.9 10.0 10.2 10.6 191 Santa Cruz-Watsonville, CA 9.6 9.9 10.3 10.8 192 Champaign-Urbana, IL 9.5 9.9 10.2 10.6 193 Tuscaloosa, AL 9.7 9.8 10.2 10.7 194 Tyler, TX 9.4 9.7 10.1 10.5 195 Waco, TX 9.4 9.6 9.8 10.1 196 Olympia, WA 9.3 9.6 9.9 10.3 197 Utica-Rome, NY 9.4 9.3 9.4 9.7 198 Bremerton-Silverdale, WA 9.1 9.1 9.4 9.8 199 Jacksonville, NC 9.0 9.1 9.3 9.7 200 Lafayette, IN 8.8 9.1 9.4 9.8 201 Lynchburg, VA 8.7 8.9 9.1 9.4 202 Hagerstown-Martinsburg, MD-WV 8.6 8.9 9.3 9.7 203 Barnstable Town, MA 8.6 8.8 9.2 9.5 204 Odessa, TX 8.2 8.8 9.3 9.8 205 Billings, MT 8.5 8.7 8.9 9.4 Page 5
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 206 Brownsville-Harlingen, TX 8.5 8.6 8.8 9.3 207 Oshkosh-Neenah, WI 8.4 8.6 8.9 9.4 208 Iowa City, IA 8.2 8.5 8.9 9.3 209 St. Cloud, MN 8.1 8.5 8.9 9.4 210 Yakima, WA 8.1 8.5 8.7 9.2 211 Waterloo-Cedar Falls, IA 8.2 8.4 8.7 9.1 212 Greeley, CO 8.0 8.3 8.9 9.5 213 Macon, GA 8.1 8.3 8.5 8.9 214 Binghamton, NY 8.2 8.1 8.2 8.4 215 College Station-Bryan, TX 7.6 8.0 8.3 8.7 216 Napa, CA 7.4 7.8 8.2 8.6 217 Florence, SC 7.5 7.8 8.0 8.4 218 Greenville, NC 7.3 7.7 8.1 8.6 219 Columbia, MO 7.3 7.6 7.8 8.3 220 Ocala, FL 7.1 7.4 7.7 8.1 221 Laredo, TX 6.9 7.2 7.5 8.0 222 Racine, WI 7.1 7.2 7.4 7.8 223 Athens-Clarke County, GA 6.8 7.1 7.4 7.7 224 Bloomington, IN 6.9 7.1 7.4 7.7 225 Pascagoula, MS 6.8 7.1 7.5 7.9 226 Saginaw-Saginaw Township North, MI 6.9 7.0 7.4 7.7 227 Monroe, LA 6.8 7.0 7.4 7.7 228 Gainesville, GA 6.8 7.0 7.3 7.7 229 Victoria, TX 6.6 7.0 7.3 7.7 230 Morgantown, WV 6.7 7.0 7.3 7.7 231 Eau Claire, WI 6.7 6.9 7.1 7.5 232 Sioux City, IA-NE-SD 6.6 6.8 7.2 7.5 233 Casper, WY 6.7 6.8 7.0 7.3 234 Harrisonburg, VA 6.7 6.8 7.1 7.3 235 Merced, CA 6.4 6.7 6.9 7.3 236 Medford, OR 6.4 6.6 6.9 7.2 237 Bend, OR 6.2 6.6 6.8 7.2 238 Panama City-Lynn Haven-Panama City Beach, FL 6.5 6.6 6.9 7.2 239 State College, PA 6.4 6.5 6.7 7.0 240 Dover, DE 6.3 6.5 6.8 7.0 241 Santa Fe, NM 6.3 6.5 6.7 7.0 242 Chico, CA 6.3 6.4 6.7 7.0 243 Rocky Mount, NC 6.2 6.4 6.7 7.0 244 Joplin, MO 6.1 6.3 6.5 6.9 245 Johnson City, TN 6.2 6.3 6.4 6.7 246 La Crosse, WI-MN 6.1 6.3 6.5 6.9 Page 6
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 247 Terre Haute, IN 6.2 6.3 6.5 6.8 248 Bismarck, ND 5.9 6.3 6.5 6.8 249 Abilene, TX 6.0 6.3 6.5 6.8 250 Wheeling, WV-OH 6.0 6.2 6.4 6.7 251 Wausau, WI 6.0 6.2 6.4 6.8 252 Wichita Falls, TX 6.0 6.2 6.4 6.6 253 Jefferson City, MO 6.0 6.1 6.3 6.6 254 Parkersburg-Marietta-Vienna, WV-OH 5.8 6.0 6.1 6.4 255 Elizabethtown, KY 5.8 5.9 6.1 6.4 256 Las Cruces, NM 5.7 5.9 6.1 6.4 257 Cheyenne, WY 5.4 5.8 6.0 6.2 258 Bangor, ME 5.7 5.8 5.9 6.2 259 Alexandria, LA 5.7 5.7 6.0 6.2 260 Sheboygan, WI 5.5 5.7 5.9 6.2 261 Farmington, NM 5.7 5.7 5.9 6.1 262 Niles-Benton Harbor, MI 5.6 5.7 5.9 6.2 263 Hattiesburg, MS 5.4 5.7 5.8 6.1 264 Warner Robins, GA 5.7 5.7 5.7 5.9 265 Mount Vernon-Anacortes, WA 5.5 5.7 5.9 6.2 266 Dalton, GA 5.5 5.6 5.8 6.1 267 Decatur, IL 5.7 5.6 5.8 6.0 268 Rapid City, SD 5.5 5.6 5.8 6.1 269 Winchester, VA-WV 5.4 5.6 5.8 6.0 270 Fairbanks, AK 5.5 5.6 5.7 5.9 271 Blacksburg-Christiansburg-Radford, VA 5.4 5.5 5.7 5.9 272 St. Joseph, MO-KS 5.3 5.5 5.7 6.0 273 Yuma, AZ 5.4 5.4 5.6 5.9 274 Jackson, MI 5.3 5.4 5.7 5.9 275 Janesville, WI 5.2 5.4 5.7 6.0 276 Pittsfield, MA 5.4 5.4 5.6 5.8 277 Vineland-Millville-Bridgeton, NJ 5.2 5.3 5.5 5.8 278 Lima, OH 5.2 5.3 5.4 5.7 279 Battle Creek, MI 5.1 5.3 5.6 5.9 280 Grand Junction, CO 5.2 5.3 5.5 5.8 281 Jackson, TN 5.1 5.3 5.4 5.7 282 Anderson, SC 4.9 5.2 5.5 5.7 283 Flagstaff, AZ 5.0 5.2 5.3 5.6 284 Albany, GA 5.0 5.2 5.3 5.5 285 Decatur, AL 5.0 5.1 5.3 5.6 286 Dubuque, IA 4.9 5.1 5.3 5.5 287 Redding, CA 5.1 5.1 5.3 5.6 Page 7
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 288 Burlington, NC 4.9 5.0 5.2 5.5 289 Columbus, IN 4.8 4.9 5.1 5.3 290 Missoula, MT 4.8 4.9 5.1 5.4 291 Owensboro, KY 4.8 4.9 5.1 5.4 292 Corvallis, OR 4.9 4.9 5.0 5.3 293 Lawton, OK 4.9 4.9 5.0 5.2 294 Muskegon-Norton Shores, MI 4.8 4.9 5.2 5.4 295 Bowling Green, KY 4.7 4.8 5.1 5.3 296 Kingston, NY 4.8 4.8 4.9 5.0 297 El Centro, CA 4.8 4.8 5.0 5.3 298 Texarkana-Texarkana, TX-AR 4.8 4.8 4.8 5.0 299 Jonesboro, AR 4.5 4.8 5.0 5.2 300 Ames, IA 4.5 4.7 4.9 5.1 301 Prescott, AZ 4.5 4.7 4.9 5.2 302 Dothan, AL 4.6 4.7 4.8 5.0 303 Yuba City, CA 4.7 4.7 4.8 5.0 304 Altoona, PA 4.5 4.7 4.8 5.0 305 Valdosta, GA 4.5 4.6 4.8 5.0 306 Williamsport, PA 4.5 4.6 4.7 5.0 307 Ocean City, NJ 4.3 4.6 4.9 5.1 308 Sebastian-Vero Beach, FL 4.4 4.5 4.7 4.9 309 Grand Forks, ND-MN 4.4 4.5 4.7 4.9 310 Pueblo, CO 4.4 4.5 4.7 4.9 311 Salisbury, MD 4.3 4.4 4.7 5.0 312 Hanford-Corcoran, CA 4.5 4.4 4.6 4.8 313 Florence-Muscle Shoals, AL 4.3 4.4 4.6 4.8 314 Goldsboro, NC 4.3 4.4 4.6 4.8 315 San Angelo, TX 4.3 4.4 4.5 4.7 316 Coeur d'alene, ID 4.3 4.4 4.6 4.8 317 Auburn-Opelika, AL 4.2 4.3 4.5 4.8 318 Kokomo, IN 4.0 4.3 4.5 4.7 319 Monroe, MI 4.1 4.3 4.6 4.8 320 Ithaca, NY 4.2 4.2 4.2 4.4 321 Lebanon, PA 4.1 4.2 4.4 4.5 322 Madera-Chowchilla, CA 4.0 4.1 4.3 4.6 323 Fond du Lac, WI 3.9 4.1 4.3 4.5 324 Johnstown, PA 4.1 4.1 4.2 4.3 325 Lewiston-Auburn, ME 4.0 4.1 4.2 4.4 326 Glens Falls, NY 4.2 4.1 4.1 4.3 327 Idaho Falls, ID 4.0 4.1 4.2 4.4 328 Hinesville-Fort Stewart, GA 4.0 4.0 4.1 4.3 Page 8
Table 1: Gross Metropolitan Product of U.S. Metro Areas (US$, Billions) Rank 2013 2012 2013 2014 2015 329 Logan, UT-ID 3.9 4.0 4.1 4.4 330 Cleveland, TN 3.8 3.9 4.1 4.3 331 St. George, UT 3.8 3.9 4.1 4.4 332 Springfield, OH 3.7 3.9 4.1 4.2 333 Wenatchee-East Wenatchee, WA 3.8 3.9 4.0 4.2 334 Lake Havasu City-Kingman, AZ 3.7 3.8 4.0 4.2 335 Morristown, TN 3.6 3.8 4.0 4.2 336 Michigan City-La Porte, IN 3.8 3.8 3.9 4.0 337 Lawrence, KS 3.7 3.7 3.9 4.1 338 Sherman-Denison, TX 3.7 3.7 3.8 3.9 339 Mansfield, OH 3.7 3.7 3.8 4.0 340 Anniston-Oxford, AL 3.8 3.7 3.7 3.9 341 Muncie, IN 3.6 3.7 3.8 3.9 342 Kankakee-Bradley, IL 3.5 3.6 3.7 3.8 343 Steubenville-Weirton, OH-WV 3.5 3.6 3.7 3.8 344 Longview, WA 3.3 3.5 3.6 3.8 345 Brunswick, GA 3.4 3.4 3.5 3.6 346 Sumter, SC 3.3 3.4 3.6 3.8 347 Anderson, IN 3.3 3.4 3.6 3.7 348 Rome, GA 3.3 3.4 3.5 3.7 349 Sandusky, OH 3.3 3.3 3.3 3.5 350 Pine Bluff, AR 3.3 3.3 3.3 3.5 351 Great Falls, MT 3.2 3.3 3.4 3.5 352 Punta Gorda, FL 3.2 3.2 3.4 3.6 353 Bay City, MI 3.0 3.1 3.2 3.4 354 Danville, VA 3.0 3.0 3.1 3.2 355 Hot Springs, AR 2.9 3.0 3.2 3.3 356 Elmira, NY 3.0 2.9 3.0 3.1 357 Cumberland, MD-WV 2.8 2.9 3.1 3.2 358 Carson City, NV 2.7 2.7 2.8 2.9 359 Pocatello, ID 2.7 2.7 2.8 2.9 360 Gadsden, AL 2.7 2.7 2.8 2.9 361 Danville, IL 2.5 2.5 2.6 2.7 362 Lewiston, ID-WA 2.0 2.1 2.2 2.3 363 Palm Coast, FL 1.3 1.3 1.4 1.5 Page 9
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 1 United States 16799.7 2 China 9251.6 3 Japan 4899.3 4 Germany 3640.8 5 France 2736.5 6 United Kingdom 2522.1 7 Brazil 2243.2 8 Russia 2095.8 9 Italy 2071.4 10 India 1927.7 11 Canada 1824.5 12 Australia 1500.5 13 New York-Northern New Jersey-Long Island, NY-NJ-PA 1386.0 14 Spain 1358.2 15 South Korea 1304.5 16 Mexico 1258.7 17 Indonesia 868.3 18 Turkey 820.0 19 Netherlands 801.2 20 Los Angeles-Long Beach-Santa Ana, CA 792.2 21 Saudi Arabia 745.3 22 Switzerland 650.7 23 Chicago-Joliet-Naperville, IL-IN-WI 588.6 24 Sweden 557.9 25 Poland 517.5 26 Norway 511.6 27 Belgium 508.0 28 Taiwan 489.2 29 Argentina 485.7 30 Houston-Sugar Land-Baytown, TX 467.5 31 Washington-Arlington-Alexandria, DC-VA-MD-WV 458.1 32 Dallas-Fort Worth-Arlington, TX 440.1 33 Austria 415.4 34 United Arab Emirates 404.7 35 Thailand 387.2 36 San Francisco-Oakland-Fremont, CA 379.4 37 Colombia 375.9 38 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 375.3 39 Venezuela 369.7 40 South Africa 350.8 41 Boston-Cambridge-Quincy, MA-NH 347.0 42 Denmark 330.8 43 Malaysia 312.4 44 Atlanta-Sandy Springs-Marietta, GA 306.2 45 Iran 306.2 Page 10
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 46 Nigeria 298.4 47 Singapore 295.7 48 Israel 291.7 49 Miami-Fort Lauderdale-Pompano Beach, FL 284.9 50 Chile 277.1 51 Hong Kong 274.0 52 Philippines 272.0 53 Seattle-Tacoma-Bellevue, WA 269.5 54 Finland 256.8 55 Egypt 254.7 56 Greece 241.8 57 Minneapolis-St. Paul-Bloomington, MN-WI 228.6 58 Iraq 225.9 59 Pakistan 225.5 60 Kazakhstan 224.4 61 Algeria 220.7 62 Portugal 220.2 63 Ireland 217.7 64 Detroit-Warren-Livonia, MI 212.0 65 Phoenix-Mesa-Glendale, AZ 210.9 66 Peru 206.6 67 Qatar 202.5 68 Czech Republic 198.4 69 Kuwait 191.7 70 Romania 190.4 71 San Diego-Carlsbad-San Marcos, CA 182.7 72 San Jose-Sunnyvale-Santa Clara, CA 182.7 73 Ukraine 182.0 74 New Zealand 181.5 75 Denver-Aurora-Broomfield, CO 174.8 76 Vietnam 171.2 77 Baltimore-Towson, MD 162.8 78 Portland-Vancouver-Hillsboro, OR-WA 153.8 79 St. Louis, MO-IL 142.2 80 Bangladesh 132.9 81 Charlotte-Gastonia-Rock Hill, NC-SC 131.7 82 Hungary 130.1 83 Pittsburgh, PA 126.7 84 Tampa-St. Petersburg-Clearwater, FL 125.7 85 Kansas City, MO-KS 117.2 86 Indianapolis-Carmel, IN 116.5 87 Riverside-San Bernardino-Ontario, CA 116.2 88 Cleveland-Elyria-Mentor, OH 113.2 89 Cincinnati-Middletown, OH-KY-IN 111.6 90 Orlando-Kissimmee-Sanford, FL 110.7 Page 11
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 91 Austin-Round Rock-San Marcos, TX 104.4 92 Morocco 104.2 93 Puerto Rico 103.1 94 Columbus, OH 102.8 95 Sacramento--Arden-Arcade--Roseville, CA 100.4 96 Las Vegas-Paradise, NV 98.7 97 Angola 96.6 98 Nashville-Davidson--Murfreesboro--Franklin, TN 96.3 99 Slovakia 95.8 100 San Antonio-New Braunfels, TX 95.1 101 Ecuador 93.7 102 Milwaukee-Waukesha-West Allis, WI 90.7 103 Bridgeport-Stamford-Norwalk, CT 88.8 104 Virginia Beach-Norfolk-Newport News, VA-NC 87.3 105 Libya 84.0 106 New Orleans-Metairie-Kenner, LA 83.7 107 Hartford-West Hartford-East Hartford, CT 81.8 108 Oman 79.7 109 Cuba 79.1 110 Salt Lake City, UT 77.7 111 Azerbaijan 73.6 112 Richmond, VA 72.2 113 Belarus 71.7 114 Providence-New Bedford-Fall River, RI-MA 71.5 115 Memphis, TN-MS-AR 68.4 116 Sri Lanka 67.2 117 Louisville-Jefferson County, KY-IN 66.6 118 Jacksonville, FL 65.1 119 Oklahoma City, OK 65.0 120 Raleigh-Cary, NC 63.7 121 Birmingham-Hoover, AL 60.7 122 Dominican Republic 60.6 123 Luxembourg 60.2 124 Myanmar 59.0 125 Sudan 58.0 126 Honolulu, HI 57.8 127 Croatia 57.5 128 Uzbekistan 56.8 129 Uruguay 55.7 130 Guatemala 54.5 131 Bulgaria 53.0 132 Omaha-Council Bluffs, NE-IA 52.9 133 Macao 51.8 134 Costa Rica 50.1 135 Baton Rouge, LA 49.4 Page 12
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 136 Tulsa, OK 48.5 137 Ghana 48.3 138 Buffalo-Niagara Falls, NY 47.5 139 Ethiopia 47.5 140 Rochester, NY 47.0 141 Slovenia 46.8 142 Tunisia 46.6 143 Lebanon 46.0 144 Lithuania 46.0 145 Kenya 44.1 146 Des Moines-West Des Moines, IA 44.0 147 Albany-Schenectady-Troy, NY 42.9 148 Serbia 42.5 149 Durham-Chapel Hill, NC 41.5 150 Syria 41.3 151 Panama 40.7 152 New Haven-Milford, CT 40.4 153 Albuquerque, NM 39.9 154 Oxnard-Thousand Oaks-Ventura, CA 39.7 155 Turkmenistan 39.5 156 Madison, WI 39.3 157 Greensboro-High Point, NC 38.1 158 Grand Rapids-Wyoming, MI 36.8 159 Columbia, SC 35.6 160 Little Rock-North Little Rock-Conway, AR 35.5 161 Yemen 35.4 162 Bakersfield-Delano, CA 35.2 163 Dayton, OH 34.9 164 Tucson, AZ 34.1 165 Jordan 33.7 166 Knoxville, TN 33.4 167 Allentown-Bethlehem-Easton, PA-NJ 33.1 168 Bahrain 32.8 169 Tanzania 32.7 170 Fresno, CA 32.6 171 Charleston-North Charleston-Summerville, SC 31.9 172 Worcester, MA 31.5 173 Latvia 31.0 174 Harrisburg-Carlisle, PA 30.8 175 North Korea 30.7 176 Toledo, OH 30.7 177 Akron, OH 30.3 178 Bolivia 30.2 179 Trenton-Ewing, NJ 30.0 180 El Paso, TX 29.9 Page 13
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 181 Wichita, KS 29.7 182 Greenville-Mauldin-Easley, SC 29.5 183 Anchorage, AK 29.3 184 Paraguay 29.0 185 Syracuse, NY 28.8 186 Colorado Springs, CO 28.6 187 Boise City-Nampa, ID 28.3 188 Cameroon 28.0 189 Trinidad & Tobago 27.8 190 Portland-South Portland-Biddeford, ME 27.2 191 Cote d Ivoire 27.2 192 Jackson, MS 26.5 193 North Port-Bradenton-Sarasota, FL 25.3 194 Springfield, MA 24.8 195 Lexington-Fayette, KY 24.8 196 Estonia 24.5 197 El Salvador 24.3 198 Winston-Salem, NC 23.5 199 Uganda 23.5 200 Zambia 23.4 201 Beaumont-Port Arthur, TX 23.3 202 Poughkeepsie-Newburgh-Middletown, NY 23.3 203 Chattanooga, TN-GA 22.9 204 Corpus Christi, TX 22.8 205 Manchester-Nashua, NH 22.4 206 Reunion 22.2 207 Huntsville, AL 22.1 208 Cyprus 21.9 209 Cape Coral-Fort Myers, FL 21.9 210 Lancaster, PA 21.6 211 Fayetteville-Springdale-Rogers, AR-MO 21.5 212 Santa Barbara-Santa Maria-Goleta, CA 21.5 213 Peoria, IL 21.5 214 Democratic Rep. of the Congo 21.3 215 Augusta-Richmond County, GA-SC 21.3 216 Boulder, CO 21.1 217 Scranton--Wilkes-Barre, PA 20.9 218 Santa Rosa-Petaluma, CA 20.9 219 Stockton, CA 20.9 220 Reno-Sparks, NV 20.9 221 Afghanistan 20.7 222 Ogden-Clearfield, UT 20.6 223 Spokane, WA 19.9 224 Ann Arbor, MI 19.8 225 Lansing-East Lansing, MI 19.8 Page 14
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 226 Fort Wayne, IN 19.5 227 Bosnia and Herzegovina 19.4 228 Davenport-Moline-Rock Island, IA-IL 18.9 229 Fayetteville, NC 18.8 230 Honduras 18.6 231 Shreveport-Bossier City, LA 18.8 232 Palm Bay-Melbourne-Titusville, FL 18.5 233 Nepal 18.2 234 Evansville, IN-KY 18.1 235 Salinas, CA 18.0 236 Midland, TX 17.9 237 Provo-Orem, UT 17.8 238 Lafayette, LA 17.8 239 Sioux Falls, SD 17.7 240 Lakeland-Winter Haven, FL 17.7 241 Youngstown-Warren-Boardman, OH-PA 17.7 242 Springfield, MO 17.1 243 Mobile, AL 17.0 244 Killeen-Temple-Fort Hood, TX 17.0 245 Brunei Darussalam 17.0 246 McAllen-Edinburg-Mission, TX 16.6 247 Lincoln, NE 16.5 248 Green Bay, WI 16.4 249 Modesto, CA 16.3 250 Georgia 16.1 251 Equatorial Guinea 16.1 252 Wilmington, NC 16.1 253 York-Hanover, PA 16.0 254 Charleston, WV 15.9 255 Montgomery, AL 15.7 256 Asheville, NC 15.7 257 Senegal 15.6 258 Cambodia 15.5 259 Reading, PA 15.5 260 Lake Charles, LA 15.3 261 Mozambique 15.3 262 Botswana 15.3 263 Cedar Rapids, IA 15.3 264 Vallejo-Fairfield, CA 15.2 265 Pensacola-Ferry Pass-Brent, FL 15.0 266 Papua New Guinea 14.8 267 Iceland 14.6 268 Savannah, GA 14.6 269 Canton-Massillon, OH 14.4 270 Naples-Marco Island, FL 14.4 Page 15
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 271 Jamaica 14.3 272 Roanoke, VA 14.1 273 Fargo, ND-MN 13.9 274 South Bend-Mishawaka, IN-MI 13.8 275 Tallahassee, FL 13.7 276 Rockford, IL 13.6 277 Atlantic City-Hammonton, NJ 13.6 278 Norwich-New London, CT 13.1 279 Salem, OR 13.1 280 Columbus, GA-AL 13.0 281 Fort Collins-Loveland, CO 12.8 282 Kalamazoo-Portage, MI 12.8 283 Hickory-Lenoir-Morganton, NC 12.8 284 Deltona-Daytona Beach-Ormond Beach, FL 12.7 285 Albania 12.6 286 Eugene-Springfield, OR 12.6 287 Namibia 12.4 288 Spartanburg, SC 12.3 289 Visalia-Porterville, CA 12.2 290 Flint, MI 12.1 291 Burlington-South Burlington, VT 12.0 292 Mauritius 12.0 293 Burkina Faso 11.9 294 Clarksville, TN-KY 11.8 295 Port St. Lucie, FL 11.8 296 Houma-Bayou Cane-Thibodaux, LA 11.7 297 San Luis Obispo-Paso Robles, CA 11.7 298 Longview, TX 11.7 299 Martinique 11.5 300 Mongolia 11.5 301 Lubbock, TX 11.3 302 Kennewick-Richland-Pasco, WA 11.3 303 Nicaragua 11.3 304 Chad 11.2 305 Elkhart-Goshen, IN 11.2 306 Huntington-Ashland, WV-KY-OH 11.1 307 Gabon 11.1 308 Armenia 11.0 309 Palestinian Authority 11.0 310 Amarillo, TX 10.9 311 Zimbabwe 10.9 312 Laos 10.9 313 Mali 10.8 314 Gainesville, FL 10.7 315 Appleton, WI 10.7 Page 16
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 316 Kingsport-Bristol-Bristol, TN-VA 10.6 317 Madagascar 10.6 318 Gulfport-Biloxi, MS 10.4 319 Fort Smith, AR-OK 10.4 320 Charlottesville, VA 10.4 321 Myrtle Beach-North Myrtle Beach-Conway, SC 10.4 322 Macedonia 10.2 323 Bellingham, WA 10.2 324 Bloomington-Normal, IL 10.1 325 Duluth, MN-WI 10.1 326 Erie, PA 10.1 327 Holland-Grand Haven, MI 10.0 328 Springfield, IL 10.0 329 Crestview-Fort Walton Beach-Destin, FL 10.0 330 Rochester, MN 10.0 331 Topeka, KS 10.0 332 Santa Cruz-Watsonville, CA 9.9 333 Champaign-Urbana, IL 9.9 334 Tuscaloosa, AL 9.8 335 Tyler, TX 9.7 336 Waco, TX 9.6 337 Olympia, WA 9.6 338 Malta 9.4 339 Republic of Congo 9.3 340 Utica-Rome, NY 9.3 341 Bremerton-Silverdale, WA 9.1 342 Jacksonville, NC 9.1 343 Lafayette, IN 9.1 344 Lynchburg, VA 8.9 345 Hagerstown-Martinsburg, MD-WV 8.9 346 Barnstable Town, MA 8.8 347 Odessa, TX 8.8 348 Billings, MT 8.7 349 Brownsville-Harlingen, TX 8.6 350 Oshkosh-Neenah, WI 8.6 351 Iowa City, IA 8.5 352 Tajikistan 8.5 353 St. Cloud, MN 8.5 354 Yakima, WA 8.5 355 Waterloo-Cedar Falls, IA 8.4 356 Bahamas 8.4 357 Benin 8.4 358 Greeley, CO 8.3 359 Macon, GA 8.3 360 Haiti 8.2 Page 17
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 361 Binghamton, NY 8.1 362 College Station-Bryan, TX 8.0 363 Moldova 7.9 364 Napa, CA 7.8 365 Florence, SC 7.8 366 Greenville, NC 7.7 367 Columbia, MO 7.6 368 Rwanda 7.5 369 Niger 7.5 370 Ocala, FL 7.4 371 Pascagoula, MS 7.1 372 Kyrgyzstan 7.2 373 Laredo, TX 7.2 374 Racine, WI 7.2 375 Athens-Clarke County, GA 7.1 376 Bloomington, IN 7.1 377 Saginaw-Saginaw Township North, MI 7.0 378 Monroe, LA 7.0 379 Gainesville, GA 7.0 380 Victoria, TX 7.0 381 Morgantown, WV 7.0 382 Eau Claire, WI 6.9 383 Sioux City, IA-NE-SD 6.8 384 Casper, WY 6.8 385 Kosovo 6.8 386 Harrisonburg, VA 6.8 387 Merced, CA 6.7 388 Medford, OR 6.6 389 Bend, OR 6.6 390 Panama City-Lynn Haven-Panama City Beach, FL 6.6 391 State College, PA 6.5 392 Dover, DE 6.5 393 Santa Fe, NM 6.5 394 Chico, CA 6.4 395 Rocky Mount, NC 6.4 396 Joplin, MO 6.3 397 Johnson City, TN 6.3 398 La Crosse, WI-MN 6.3 399 Terre Haute, IN 6.3 400 Bismarck, ND 6.3 401 Abilene, TX 6.3 402 Wheeling, WV-OH 6.2 403 The Republic of Guinea 6.2 404 Wausau, WI 6.2 405 Wichita Falls, TX 6.2 Page 18
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 406 Jefferson City, MO 6.1 407 Liechtenstein 6.0 408 Parkersburg-Marietta-Vienna, WV-OH 6.0 409 Elizabethtown, KY 5.9 410 Las Cruces, NM 5.9 411 Cheyenne, WY 5.8 412 Bangor, ME 5.8 413 Alexandria, LA 5.7 414 Sheboygan, WI 5.7 415 Niles-Benton Harbor, MI 5.7 416 Hattiesburg, MS 5.7 417 Warner Robins, GA 5.7 418 Mount Vernon-Anacortes, WA 5.7 419 Dalton, GA 5.6 420 Decatur, IL 5.6 421 Rapid City, SD 5.6 422 Winchester, VA-WV 5.6 423 Farmington, NM 5.7 424 Malawi 5.6 425 Fairbanks, AK 5.6 426 Bermuda 5.5 427 Blacksburg-Christiansburg-Radford, VA 5.5 428 St. Joseph, MO-KS 5.5 429 Yuma, AZ 5.4 430 Jackson, MI 5.4 431 Janesville, WI 5.4 432 Pittsfield, MA 5.4 433 Vineland-Millville-Bridgeton, NJ 5.3 434 Lima, OH 5.3 435 Battle Creek, MI 5.3 436 Grand Junction, CO 5.3 437 Jackson, TN 5.3 438 Suriname 5.2 439 Mauritania 5.2 440 Anderson, SC 5.2 441 Flagstaff, AZ 5.2 442 Albany, GA 5.2 443 Decatur, AL 5.1 444 Dubuque, IA 5.1 445 Redding, CA 5.1 446 Burlington, NC 5.0 447 Columbus, IN 4.9 448 Missoula, MT 4.9 449 Owensboro, KY 4.9 450 Corvallis, OR 4.9 Page 19
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 451 Lawton, OK 4.9 452 Muskegon-Norton Shores, MI 4.9 453 Bowling Green, KY 4.8 454 Kingston, NY 4.8 455 Guam 4.8 456 El Centro, CA 4.8 457 Texarkana-Texarkana, TX-AR 4.8 458 Jonesboro, AR 4.8 459 Ames, IA 4.7 460 Prescott, AZ 4.7 461 Dothan, AL 4.7 462 Yuba City, CA 4.7 463 Altoona, PA 4.7 464 French Guiana 4.6 465 Valdosta, GA 4.6 466 Williamsport, PA 4.6 467 Ocean City, NJ 4.6 468 Sebastian-Vero Beach, FL 4.5 469 Grand Forks, ND-MN 4.5 470 Pueblo, CO 4.5 471 Salisbury, MD 4.4 472 Montenegro 4.4 473 Hanford-Corcoran, CA 4.4 474 Florence-Muscle Shoals, AL 4.4 475 Barbados 4.4 476 Goldsboro, NC 4.4 477 San Angelo, TX 4.4 478 Coeur d'alene, ID 4.4 479 Sierra Leone 4.4 480 Auburn-Opelika, AL 4.3 481 Kokomo, IN 4.3 482 Monroe, MI 4.3 483 Netherlands Antilles 4.3 484 Ithaca, NY 4.2 485 Lebanon, PA 4.2 486 Madera-Chowchilla, CA 4.1 487 Fond du Lac, WI 4.1 488 Togo 4.1 489 Johnstown, PA 4.1 490 US Virgin Islands 4.1 491 Lewiston-Auburn, ME 4.1 492 Idaho Falls, ID 4.1 493 Glens Falls, NY 4.1 494 Hinesville-Fort Stewart, GA 4.0 495 Logan, UT-ID 4.0 Page 20
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 496 Fiji 4.0 497 Cleveland, TN 3.9 498 St. George, UT 3.9 499 Springfield, OH 3.9 500 Wenatchee-East Wenatchee, WA 3.9 501 Lake Havasu City-Kingman, AZ 3.8 502 Morristown, TN 3.8 503 Michigan City-La Porte, IN 3.8 504 Lawrence, KS 3.7 505 Sherman-Denison, TX 3.7 506 Mansfield, OH 3.7 507 Anniston-Oxford, AL 3.7 508 Muncie, IN 3.7 509 Swaziland 3.6 510 Kankakee-Bradley, IL 3.6 511 Steubenville-Weirton, OH-WV 3.6 512 Eritrea 3.5 513 Longview, WA 3.5 514 Brunswick, GA 3.4 515 Sumter, SC 3.4 516 Anderson, IN 3.4 517 Andorra 3.4 518 Rome, GA 3.4 519 Sandusky, OH 3.3 520 Pine Bluff, AR 3.3 521 Great Falls, MT 3.3 522 Punta Gorda, FL 3.2 523 Bay City, MI 3.1 524 Danville, VA 3.0 525 Hot Springs, AR 3.0 526 Maldives 3.0 527 Elmira, NY 2.9 528 Cayman Island 2.9 529 Cumberland, MD-WV 2.9 530 Carson City, NV 2.7 531 Pocatello, ID 2.7 532 Gadsden, AL 2.7 533 Aruba 2.6 534 Burundi 2.6 535 Danville, IL 2.5 536 Lesotho 2.4 537 Cape Verde Islands 2.1 538 Lewiston, ID-WA 2.1 539 Bhutan 1.9 540 Guyana 1.8 Page 21
Table 2: Gross Product of Countries (GDP) and Metro Areas (GMP) (US$, Billions) Rank Country or Metro Area 2013 541 Somalia 1.7 542 Belize 1.6 543 Djibouti 1.5 544 Central African Republic 1.5 545 East Timor 1.4 546 Palm Coast, FL 1.3 547 Seychelles 1.3 548 Saint Lucia 1.3 549 Antigua and Barbuda 1.2 550 Liberia 1.2 551 Solomon Islands 1.1 552 Grenada 0.8 553 Vanuatu 0.8 554 Gambia 0.8 555 Saint Vincent and the Grenadines 0.7 556 Saint Kitts and Nevis 0.7 557 American Samoa 0.7 558 Comoros 0.7 559 Western Samoa 0.7 560 Guinea-Bissau 0.5 561 Dominica 0.5 562 Tonga 0.5 563 Micronesia 0.3 564 Anguilla 0.3 565 Kiribati 0.2 Page 22
Table 3: Gross Metropolitan Product of U.S. Metro Areas and Gross State Product of U.S. States (US$, Billions) Rank State or Metro Area 2013 1 California 2075.6 2 Texas 1456.5 3 New York-Northern New Jersey-Long Island, NY-NJ-PA 1386.0 4 New York 1241.9 5 Florida 807.9 6 Los Angeles-Long Beach-Santa Ana, CA 792.2 7 Illinois 714.3 8 Pennsylvania 615.0 9 Chicago-Joliet-Naperville, IL-IN-WI 588.6 10 New Jersey 528.4 11 Ohio 519.7 12 North Carolina 475.1 13 Houston-Sugar Land-Baytown, TX 467.5 14 Washington-Arlington-Alexandria, DC-VA-MD-WV 458.1 15 Virginia 456.4 16 Georgia 449.6 17 Dallas-Fort Worth-Arlington, TX 440.1 18 Massachusetts 416.5 19 Michigan 410.5 20 Washington 389.6 21 San Francisco-Oakland-Fremont, CA 379.4 22 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 375.3 23 Boston-Cambridge-Quincy, MA-NH 347.0 24 Maryland 327.5 25 Indiana 307.9 26 Minnesota 306.3 27 Atlanta-Sandy Springs-Marietta, GA 306.2 28 Tennessee 287.3 29 Miami-Fort Lauderdale-Pompano Beach, FL 284.9 30 Colorado 283.7 31 Arizona 277.4 32 Seattle-Tacoma-Bellevue, WA 269.5 33 Wisconsin 268.7 34 Missouri 268.2 35 Louisiana 249.9 36 Connecticut 233.1 37 Minneapolis-St. Paul-Bloomington, MN-WI 228.6 38 Detroit-Warren-Livonia, MI 212.0 39 Phoenix-Mesa-Glendale, AZ 210.9 40 Oregon 207.6 Page 23
Table 3: Gross Metropolitan Product of U.S. Metro Areas and Gross State Product of U.S. States (US$, Billions) Rank State or Metro Area 2013 41 Alabama 187.3 42 South Carolina 183.0 43 San Diego-Carlsbad-San Marcos, CA 182.7 44 San Jose-Sunnyvale-Santa Clara, CA 182.7 45 Kentucky 177.5 46 Denver-Aurora-Broomfield, CO 174.8 47 Oklahoma 163.7 48 Baltimore-Towson, MD 162.8 49 Iowa 156.6 50 Portland-Vancouver-Hillsboro, OR-WA 153.8 51 St. Louis, MO-IL 142.2 52 Kansas 141.4 53 Nevada 138.0 54 Utah 135.0 55 Charlotte-Gastonia-Rock Hill, NC-SC 131.7 56 Pittsburgh, PA 126.7 57 Tampa-St. Petersburg-Clearwater, FL 125.7 58 Kansas City, MO-KS 117.2 59 Indianapolis-Carmel, IN 116.5 60 Riverside-San Bernardino-Ontario, CA 116.2 61 Cleveland-Elyria-Mentor, OH 113.2 62 Arkansas 112.5 63 Cincinnati-Middletown, OH-KY-IN 111.6 64 District of Columbia 111.6 65 Orlando-Kissimmee-Sanford, FL 110.7 66 Mississippi 105.3 67 Austin-Round Rock-San Marcos, TX 104.4 68 Columbus, OH 102.8 69 Nebraska 101.8 70 Sacramento--Arden-Arcade--Roseville, CA 100.4 71 Las Vegas-Paradise, NV 98.7 72 Nashville-Davidson--Murfreesboro--Franklin, TN 96.3 73 San Antonio-New Braunfels, TX 95.1 74 Milwaukee-Waukesha-West Allis, WI 90.7 75 Bridgeport-Stamford-Norwalk, CT 88.8 76 Virginia Beach-Norfolk-Newport News, VA-NC 87.3 77 New Orleans-Metairie-Kenner, LA 83.7 78 New Mexico 82.3 79 Hartford-West Hartford-East Hartford, CT 81.8 80 Salt Lake City, UT 77.7 Page 24
Table 3: Gross Metropolitan Product of U.S. Metro Areas and Gross State Product of U.S. States (US$, Billions) Rank State or Metro Area 2013 81 Hawaii 74.0 82 Richmond, VA 72.2 83 Providence-New Bedford-Fall River, RI-MA 71.5 84 West Virginia 71.3 85 Memphis, TN-MS-AR 68.4 86 Delaware 67.8 87 Louisville-Jefferson County, KY-IN 66.6 88 New Hampshire 65.8 89 Jacksonville, FL 65.1 90 Oklahoma City, OK 65.0 91 Raleigh-Cary, NC 63.7 92 Birmingham-Hoover, AL 60.7 93 Idaho 59.6 94 Honolulu, HI 57.8 95 Maine 54.4 96 Omaha-Council Bluffs, NE-IA 52.9 97 Rhode Island 52.3 98 Alaska 52.2 99 Baton Rouge, LA 49.4 100 North Dakota 49.2 101 Tulsa, OK 48.5 102 Buffalo-Niagara Falls, NY 47.5 103 Rochester, NY 47.0 104 Des Moines-West Des Moines, IA 44.0 105 Albany-Schenectady-Troy, NY 42.9 106 South Dakota 42.5 107 Durham-Chapel Hill, NC 41.5 108 Montana 41.3 109 New Haven-Milford, CT 40.4 110 Albuquerque, NM 39.9 111 Oxnard-Thousand Oaks-Ventura, CA 39.7 112 Madison, WI 39.3 113 Wyoming 38.8 114 Greensboro-High Point, NC 38.1 115 Grand Rapids-Wyoming, MI 36.8 116 Columbia, SC 35.6 117 Little Rock-North Little Rock-Conway, AR 35.5 118 Bakersfield-Delano, CA 35.2 119 Dayton, OH 34.9 120 Tucson, AZ 34.1 Page 25