Based on new data from the United States Conference of Mayors and The Council for the New American City annual U.S. Metro Economies Report
The above map highlights some of the U.S.’s largest metropolitan areas, comparing their Gross Metropolitan Products to the nearest Gross Domestic Product equivalents of countries. If nothing else, it provides an insight into the sheer scale of the U.S. economy, even when it is in crisis. As I noted in an earlier post, 37 of the world’s 100 largest economies are U.S. metros.
Here are the key takeaways:
- New York-Northern New Jersey-Long Island, NY-NJ-PA: $1.28 trillion, the NY metro is the equivalent of the 13th largest nation in the world, bigger than Australia’s $1.23 trillion and South Korea’s $ 1 trillion GDP, and just under India’s ($1.6 trillion), Canada’s ($1.57), and Russia’s ($1.47).
- Los Angeles-Long Beach-Santa Ana, CA: With a GMP of $737.9 billion, the LA metro’s economy is the equivalent of the 18th largest nation in the world—bigger than Turkey’s ($732.2) and slightly smaller than the Netherlands’ ($782.3).
- Chicago-Joliet-Naperville, IL-IN-WI: At $531 billion, Chicago’s metro is the equivalent of the 21st largest economy in the world—larger than Switzerland’s ($523.3), Poland’s ($469.4) and Belgium’s ($466.3).
- Washington-Arlington-Alexandria, DC-VAMD-WV: With a GMP of $426 billion, the metro around the US’s capitol is also the 28th largest economy in the world, a little smaller than Saudi Arabia’s ($434.7 billion) and Taiwan’s ($431.7 billion), bigger than Norway’s ($414.3) and Iran’s ($385.7).
- Houston-Sugar Land-Baytown, TX and Dallas-Fort Worth-Arlington, TX: With $378.9 and $376.8 billion in GMP, the Houston and Dallas metros are the world’s 31st and 32nd largest economies. Each is bigger than Austria’s ($375.5), Argentina’s ($368.9), and South Africa’s ($363.7).
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD and San Francisco-Oakland-Fremont, CA: With GMPs of $347.7 and $337.4 billion respectively, the U.S.’s seventh and eighth largest Metropolitan areas are the 36th and 37th largest economies in the world. Each of them have more output than Thailand ($318.9) and the United Arab Emirates ($317.1).
- Boston-Cambridge-Quincy, MA-NH: The city of Boston has shrunk considerably over the last five decades, but its metropolitan area is the nation’s ninth largest. With $311.3 billion in Gross Metropolitan Product, it is the 40th largest economy in the world—bigger than Denmark’s ($310.1) and Greece’s ($303.4).
- Atlanta-Sandy Springs-Marietta, GA: The Atlanta metro’s $270.6 billion in GMP gives it a worldwide rank of 44—just a little below 43rd –ranked Colombia, which has a GDP of $288 billion. Atlanta’s GMP surpasses Venezuela’s GDP ($241.1 billion) and Finland’s ($270.6).