GDP Rising In Metro Areas Across U.S.
The value of what we are making in the U.S. is on the rise. And certain industries are leading the way.
Real gross domestic product, or the total dollar value of goods and services produced in a location, increased in 267 out of the 382 U.S. metropolitan areas.
Economist Ralph Rodriguez with the Bureau of Economic Analysis says professional services, information services and finance-related jobs continue to drive growth.
“When those grow, that means there’s more money being spent, real dollars, on these services, and that translates throughout the economy,” Rodriguez said.
San Francisco and Austin are the fastest-growing large metropolitan areas. Phoenix ranks 99th nationwide. Overall, real GDP grew 1.7 percent for the year.