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This decade has seen growth almost across the board among MSAs with GDP $50B or greater. New Orleans is the slight exception.
2010-2018 GDP Growth by MSA
(by percent)
+92.06% San Jose
+72.26% San Francisco
+63.62% Austin
+63.19% Seattle
+61.34% San Antonio
+59.31% Nashville
+56.22% Raleigh
+55.01% Charlotte
+53.07% Salt Lake City
+52.67% Denver
+51.73% Riverside
+51.32% Dallas
+50.14% Des Moines
+50.12% Orlando
+49.34% Portland
+48.71% Madison
+48.63% Sacramento
+47.82% Atlanta
+47.00% Phoenix
+45.63% San Diego
+43.55% Jacksonville
+43.15% Grand Rapids
+42.98% Miami
+42.97% Los Angeles
+42.80% Las Vegas
+41.16% Boston
+40.44% Detroit
+39.91% Tulsa
+39.33% Minneapolis
+39.12% Tampa
+38.15% Oklahoma City
+37.73% New York
+36.83% Houston
+36.33% Omaha
+36.13% Baton Rouge
+34.81% Cincinnati
+34.02% Chicago
+34.02% Honolulu
+33.55% Richmond
+33.27% Birmingham
+33.04% Kansas City
+31.96% Pittsburgh
+30.08% Philadelphia
+32.74% Louisville +32.17% Baltimore
+30.83% Indianapolis
+30.72% Milwaukee
+30.58% Cleveland
+30.21% Durham +29.76% Washington
+29.69% Memphis
+26.81% Albany
+26.29% Buffalo
+24.80% Providence
+22.46% St Louis
+22.16% Rochester
+18.65% Virginia Beach
+17.63% New Haven
+17.28% Hartford
+13.82% Bridgeport
-0.01% New Orleans
2010-2018 GDP Growth by MSA
(in Billions of dollars)
+$485.542B New York
+$314.915B Los Angeles
+$230.145B San Francisco
+$175.038B Chicago
+$173.823B Dallas
+$158.675B San Jose
+$151.814B Seattle
+$135.182B Boston
+$128.896B Houston
+$128.525B Atlanta +$124.031B Washington
+$106.636B Miami
+$102.709B Philadelphia
+$80 420B Phoenix
+$77.097B Detroit
+$76.819B San Diego
+$74.441B Minneapolis
+$73.885B Denver
+$63.794B Riverside
+$60.285B Charlotte
+$57.074B Austin
+$54.329B Portland
+$50.810B San Antonio +$49.969B Baltimore
+$49.222B Nashville
+$47.602B Sacramento
+$46.492B Orlando
+$44.713B Tampa
+$39.258B Columbus
+$37.021B Pittsburgh
+$36.695B Las Vegas
+$36.422B Cincinnati
+$33.006B Indianapolis
+$32.959B Kansas City
+$32.700B Salt Lake City
+$31.895B Cleveland
+$31.160B St Louis
+$30.010B Raleigh
+$25.238B Jacksonville
+$25.084B Milwaukee
+$22.376B Oklahoma City
+$21.556B Richmond
+$18.573B Grand Rapids
+$18.458B Louisville
+$17.581B Honolulu
+$17.572B Memphis
+$17.372B Providence
+$16.873B Madison
+$16.728B Omaha
+$16.811B Des Moines
+$16.328B Tulsa
+$15.968B Birmingham
+$15.873B Virginia Beach
+$14.947B Baton Rouge
+$14.659B Hartford
+$14.616B Oxnard
+$14.363B Buffalo
+$12.688B Durham
+$12.613B Albany
+$11.588B Rochester
+$10.859B Bridgeport
+$8.038B New Haven
-$0.132B New Orleans
So obviously, DC continues to be the economic behemoth of the Mid-Atlantic, however Metro Baltimore's GDP growth has expanded at a faster rate over the course of the decade. I feel like this counters the common notion that Baltimore's proximity to DC is essentially the only reason why it has fared better economically than the traditional rust belt cities that is often compared to. The diversity and resiliency of Baltimore's economy is often overshadowed by the nation's capital + the fact that there is not a huge presence of mega-corps.
I guess the moral of the story is don't underestimate the value of Johns Hopkins and a strategically located seaport.
So obviously, DC continues to be the economic behemoth of the Mid-Atlantic, however Metro Baltimore's GDP growth has expanded at a faster rate over the course of the decade. I feel like this counters the common notion that Baltimore's proximity to DC is essentially the only reason why it has fared better economically than the traditional rust belt cities that is often compared to. The diversity and resiliency of Baltimore's economy is often overshadowed by the nation's capital + the fact that there is not a huge presence of mega-corps.
I guess the moral of the story is don't underestimate the value of Johns Hopkins and a strategically located seaport.
You'd have to look up more detailed information to determine exactly where the growth is coming from to make that assessment.
Location: That star on your map in the middle of the East Coast, DMV
8,128 posts, read 7,560,868 times
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Quote:
Originally Posted by TommyCarcetti
So obviously, DC continues to be the economic behemoth of the Mid-Atlantic, however Metro Baltimore's GDP growth has expanded at a faster rate over the course of the decade. I feel like this counters the common notion that Baltimore's proximity to DC is essentially the only reason why it has fared better economically than the traditional rust belt cities that is often compared to. The diversity and resiliency of Baltimore's economy is often overshadowed by the nation's capital + the fact that there is not a huge presence of mega-corps.
I guess the moral of the story is don't underestimate the value of Johns Hopkins and a strategically located seaport.
Past 5 years DC’s MSA growth was higher percentage than Baltimore however, including last year. Sequestration in 2012/2013 is what leveled DC out over the course of 8 years. I actually see Baltimore’s rate of growth as a good thing for the entire region, and like you said there’s some diversity; but DC is still the driving force of the mid-Atlantic.
2013-2018 GDP growth MSA:
+$92.619B Washington +20.67%
+$35.070B Baltimore +20.59%
GDP per person increase over that stretch was practically identical with the two MSAs as well. A wonder if these two economies are starting to more so blend with one another or not.
Last edited by the resident09; 12-16-2019 at 06:10 PM..
So obviously, DC continues to be the economic behemoth of the Mid-Atlantic, however Metro Baltimore's GDP growth has expanded at a faster rate over the course of the decade. I feel like this counters the common notion that Baltimore's proximity to DC is essentially the only reason why it has fared better economically than the traditional rust belt cities that is often compared to. The diversity and resiliency of Baltimore's economy is often overshadowed by the nation's capital + the fact that there is not a huge presence of mega-corps.
I guess the moral of the story is don't underestimate the value of Johns Hopkins and a strategically located seaport.
Very well put. Baltimore arguably has one of, if not the most diverse economies for a metro its size. It has the luxury of sitting on the Bos-Was corridor, gets any immediate spill over from both DC and to a degree with Philly, all while capitalizing that it's port essentially controls the entire mid-atlantic region.
I don't think Baltimore even wants to be known as a mega-corps hub, not saying a few wouldn't hurt.
Not exactly apples and apples. Some of these are MSA's and some are CMSA's. For example, Dallas-Fort Worth is a CMSA. If all the CMSA's were included, like Dallas-Forth Worth, it would change things...note: Raleigh-Durham.
Not exactly apples and apples. Some of these are MSA's and some are CMSA's. For example, Dallas-Fort Worth is a CMSA. If all the CMSA's were included, like Dallas-Forth Worth, it would change things...note: Raleigh-Durham.
Dallas-Ft. Worth-Arlington TX is the MSA. If it were the CMSA it would be TX-OK, as the CMSA includes Durant, Oklahoma. So it is apples to apples as far as Dallas/Ft. Worth is listed. I do believe you are correct about Raleigh-Durham being CMSA, as each of those are their own MSA respectively.
Dallas-Ft. Worth-Arlington TX is the MSA. If it were the CMSA it would be TX-OK, as the CMSA includes Durant, Oklahoma. So it is apples to apples as far as Dallas/Ft. Worth is listed. I do believe you are correct about Raleigh-Durham being CMSA, as each of those are their own MSA respectively.
Some MSA's have the advantage of having both of their cores cities being combined (San Fran-Oakland & Minneapolis-St. Paul are other examples of this)
Others are restricted to CSA because the cities aren't economically interconnected enough (San Fran/Oakland-San Jose or DC-Baltimore)
You can find the GDP output of individual counties now, so one could delve deeper if needed.
+$92.619B Washington +20.67%
+$35.070B Baltimore +20.59%
GDP per person increase over that stretch was practically identical with the two MSAs as well. A wonder if these two economies are starting to more so blend with one another or not.
Anne Arundel and Baltimore City are neck and neck in terms of GDP and wouldn't be surprising if Anne Arundel passed it soon. That said, Montgomery County is nearly the same as the two of them combined.
If you look at Baltimore MSA population growth, Howard County and Anne Arundel have each grown roughly 10% this decade, while Balt City has declined and Baltimore, Carroll, and Harford Counties have all grown low single digits. So the growth in Metro Baltimore is heavily tilted towards the DC side, so not surprising the two would grow in tandem. Economically, Baltimore has very much become a suburb of DC.
GDP per capita can't really be measured with the county data. If you work in DC, but live in Fairfax County, you're counted as contributing to DC's GDP, not Fairfax County's. Personal income data, on the other hand, considers where you live.
San Francisco has a GDP per capita of close to $200k, because people like me who live outside the city, but work in it, are counted as part of its GDP.
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