2020 GDP Data: Austin, Seattle & Phoenix Tops among only 7 Areas that Posted Growth (better, compared)

[18Montclair]

This was released today by bea.gov

Here is annual GDP data for CSAs and Uncombined MSAs $100B or greater.

We know this is because of Covid so let's not try to read too much into this. Anyway, I will do post MSA only data in a while, I just dont have time now, or someone else can too.

2020 Combined Statistical Areas and Uncombined MSAS($100B+)
$2.052T New York-Newark
$1.250T Los Angeles-Long Beach
$1.101T San Jose-San Francisco-Oakland
$815.757B Washington-Baltimore-Arlington
$711.501B Chicago-Naperville
$674.801B Boston-Worcester-Providence
$552.465B Dallas-Fort Worth
$496.636B Houston-The Woodlands
$493.888B Philadelphia-Reading-Camden
$470.569B Seattle-Tacoma
$464.497B Atlanta-Athens-Sandy Springs
$395.990B Miami-Port St Lucie-Fort Lauderdale
$305.471B Detroit-Warren-Ann Arbor
$291.607B Minneapolis-St Paul
$282.786B Phoenix-Mesa
$269.538B Denver-Aurora
$240.411B San Diego-Chula Vista-Carlsbad MSA
$208.964B Cleveland-Akron-Canton
$202.717B Portland-Vancouver-Salem
$202.009B Orlando-Lakeland-Deltona
$191.107B Charlotte-Concord
$174.715B St Louis-St Charles-Farmington
$171.903B Salt Lake City-Provo-Orem
$169.269B Tampa-St Petersburg-Clearwater MSA
$168.435B Austin-Round Rock-Georgetown MSA
$165.998B Indianapolis-Carmel-Muncie
$165.828B Pittsburgh-New Castle-Weirton
$157.680B Kansas City-Overland Park-Kansas City
$157.358B Sacramento-Roseville
$156.118B Cincinnati-Wilmington-Maysville
$155.399B Columbus-Marion-Zanesville
$151.652B Raleigh-Durham-Cary
$140.476B Nashville-Murfreesboro
$132.994B San Antonio-New Braunfels-Pearsall
$123.033B Milwaukee-Racine-Waukesha
$121.246B Las Vegas-Henderson
$117.488B Hartford-East Hartford
$100.701B Virginia Beach-Norfolk

GDP Growth Rate, 2019-2020
+2.77% Austin-Round Rock-Georgetown MSA
+1.60% Seattle-Tacoma
+1.47% Phoenix-Mesa
+1.43% Salt Lake City-Provo-Orem
+1.08% San Jose-San Francisco-Oakland
+0.99% Raleigh-Durham-Cary
+0.52% Tampa-St Petersurg-Clearwater
-0.30% San Antonio-New Braunfels-Pearsall
+0.40% Charlotte-Concord
-0.40% Kansas City-Overland Park-Kansas City
-0.50% Columbus-Marion-Zanesville
-0.50% Sacramento-Roseville
-1.02% Indianapolis-Carmel-Muncie
-1.04% San Diego-Chula Vista-Carlsbad
-1.07% Dallas-Fort Worth
-1.28% Portland-Vancouver-Salem
-1.45% Boston-Worcester-Providence
-1.60% Washington-Baltimore-Arlington
-1.76% Virginia Beach-Norfolk
-1.85% Orlando-Lakeland-Deltona
-2.05% Cincinnati-Wilmington-Mayville
-2.20% St Louis-St Charles-Farmington
-2.67% Milwaukee-Racine-Waukesha
-2.70% Minneapolis-St Paul
-2.75% Philadelphia-Reading-Camden
-2.86% Miami-Port St Lucie-Fort Lauderdale
-2.88% Atlanta-Athens-Sandy Springs
-3.02% Cleveland-Akron-Canton
-3.20% New York-Newark
-3.21% Denver-Aurora
-3.80% Los Angeles-Long Beach
-3.90% Chicago-Naperville
-3.93% Nashville-Murfreesboro
-4.08% Houston-The Woodlands
-4.14% Detroit-Warren-Ann Arbor
-4.42% Pittsburgh-New Castle-Weirton
-5.54% Hartford-East Hartford
-8.92% Las Vegas-Henderson

Total GDP Growth, 2019-2020
+$11.793B San Jose-San Francisco-Oakland
+$7.448B Seattle-Tacoma
+$4.546B Austin-Round Rock-Georgetown MSA
+$4.101B Phoenix-Mesa
+$2.424B Salt Lake City-Provo-Orem
+$876M Tampa-St Petersburg-Clearwater MSA
+$843M Charlotte-Concord
+$150M Raleigh-Durham-Cary
-$419M San Antonio-New Braunfels-Pearsall
-$712M Kansas City-Overland Park-Kansas City
-$873M Sacramento-Roseville
-$890M Columbus-Marion-Zanesville
-$1.720B Indianapolis-Carmel-Muncie
-$1.812B Virginia Beach-Norfolk
-$2.539B San Diego-Chula Vista-Carslbad MSA
-$2.639B Portland-Vancouver-Salem
-$3.279B Cincinnati-Wilmington-Mayville
-$3.394B Milwaukee-Racine-Waukesha
-$3.828B Orlando-Lakeland-Deltona
-$3.942B St Louis-St Charles-Farmington
-$5.751B Nashville-Murfreesboro
-$6.012B Dallas-Fort Worth
-$6.525B Cleveland-Akron-Canton
-$6.987B Hartford-East Hartford
-$7.678B Pittsburgh-New Castle-Weirton
-$8.117B Minneapolis-St Paul
-$8.950B Denver-Aurora
-$9.963B Boston-Worcester-Providence
-$11.679B Miami-Port St Lucie-Fort Lauderdale
-$11.887B Las Vegas-Henderson
-$13.108B Washington-Baltimore-Arlington
-$13.217B Detroit-Warren-Ann Arbor
-$13.809B Atlanta-Athens-Sandy Springs
-$13.985B Philadelphia-Reading-Camden
-$21.171B Houston-The Woodlands
-$28.919B Chicago-Naperville
-$49.513B Los Angeles-Long Beach
-$68.063B New York-Newark

[Arcenal813]

Main thing I'm noticing here is that Nashville suffered twice as much as Orlando during the period... Reading C-D posts, one would think it would be the other way around...

[whereiend]

It completely makes sense seeing the tech-heavy cities at the top and Vegas at the bottom, but beyond that it's hard to understand these results.

Phoenix being up there with the tech cities is interesting--compared to say DFW being negative--and pretty much every Florida city seems higher than you'd think it would be. I wonder if being lighter on covid restrictions was a big boost for some of the cities that couldn't easily transition to WFH? Perhaps retirement heavy places are also doing better, as retirees have fixed incomes generally? That might help explain Phoenix and Florida.

[Calisonn]

Looks like only a matter of time before the Bay area passes up LA in GDP.

[SweethomeSanAntonio]

San Antonio is ranked way to low for GDP.

[Heel82]

Either Charlotte’s GDP growth or gdp growth rate seems off.

[Need4Camaro]

I can understand the correlation with tech cities, but everything else was pretty much told to pick a random number in 2020 given the unprecedent and unpredictable crash due to Covid-19.

[Losfrisco]

Originally Posted by Calisonn

Looks like only a matter of time before the Bay area passes up LA in GDP.

If L.A. was given their CSA (which San Francisco was for some reason in this chart) it wouldn't really be close at all.

[18Montclair]

Originally Posted by Losfrisco

If L.A. was given their CSA (which San Francisco was for some reason in this chart) it wouldn't really be close at all.

The figure I posted IS LA's CSA GDP.

Los Angeles-Long Beach CSA $1.250 Trillion
San Jose-San Francisco-Oakland CSA $1.101 Trillion

But I dont really think the Bay Area will surpass LA on account of the fact that LA is far larger and requires far less growth to have a larger GDP---also LA has been on a roll lately doing very well in tech and the like, which I think is great, so I expect LA to retain a larger GDP than the Bay Area, but who knows.

[18Montclair]

Originally Posted by Heel82

Either Charlotte’s GDP growth or gdp growth rate seems off.

Sorry I goofed. 8 areas posted growth including Charlotte.