Simbha Posted May 28, 2011 Share Posted May 28, 2011 I'm a business consultant, and one of my analysts recently took on the task of looking at some macro-level data on large metropolitan areas in the US. I thought some here might find a few of the basic comparisons interesting. Most of this won't be surprising to 'people in the know', however.Method: To conduct this portion of the analysis, we looked at data from the Bureau of Economic Analysis on the breakdown of US GDP by metropolitan area (MSA). Data is available from 2001 to 2009. We also included population data estimates from the US Census Bureau for 2000 to 2010. Comparisons were made between the top 25 MSA's as ranked by 2010 population. All GDP figures are nominal (i.e., don't account for inflation). The Consumer Price Index (CPI) for US urban consumers was used to estimate inflation rates.Basic findings (about Houston):1. From 2001 to 2009, the Houston-Sugar Land-Baytown, TX MSA's portion of GDP grew from about $233 billion to about $363 billion (56%). This was the highest growth rate of the MSA's examined.2. Houston's population grew by 1,231,393 from 2000 to 2010, the most of any MSA examined. Second was the DFW MSA, at +1,210,229. Also, Houston's population grew by 126% over this period. This is the third-highest growth rate of the MSA's examined - behind Riverside-San Bernardino-Ontario, CA (130%) and Phoenix-Mesa-Glendale, AZ (129%).3. Houston's share of the total US GDP has grown from 2.54% in 2001 to 2.88% in 2009. The latter is the fifth highest of the MSA's studied. Also, the increase in this share - +13.29% - is the highest of the MSA's studied. (Washington was second, with an increase of +12.57%.)4. Houston's per capita GDP (i.e., attributed GDP divided by MSA population) ranked 6th of the largest MSA's in 2009, at about $62k. The top 5 were: San Francisco ($78k); Washington ($74k); Seattle ($67k); Boston ($65k); and New York ($63k). Other peer cities to Houston in terms of population are: Philadelphia (#11 -- $56k); DFW (#12 -- $55k); Atlanta (#16 -- $48k); and Miami (#18 -- $46k).5. Houston fell in the middle of the pack (11 of 25) in terms of its per capita GDP growth from 2001 to 2009. This figure grew by 29% over this period. Compare this to the top 5: San Diego (+41%); Washington (+39%); San Francisco (+36%); Los Angeles (36%); and Baltimore (+35%). Five large MSA's exhibited per capita GDP growth of less than the total inflation rate of 21% from 2001 to 2009: Riverside-San Bernardino; Dallas-Fort Worth; Phoenix; Atlanta; and Detroit. 1 Link to comment Share on other sites More sharing options...
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