Metro Areas:Engines of the Nations Economy

METRO ECONOMIES REPORTJUNE 2015

THE UNITED STATES CONFERENCE OF MAYORSCOUNCIL ON METRO ECONOMIES AND THE NEW AMERICAN CITY

New York, NY-NJ-PALos Angeles, CAChicago, IL-IN-WIHouston, TXWashington, DC-VA-MD-WVDallas-Fort Worth, TXSan Francisco, CAPhiladelphia, PA-NJ-DE-MDBoston, MA-NHAtlanta, GA

VermontMontanaWyomingSouth DakotaRhode IslandMaineAlaskaNorth DakotaIdahoDelawareNew HampshireWest VirginiaHawaiiNew MexicoMississippiNebraskaDistrict of ColumbiaArkansas

NevadaUtahKansasIowaOklahomaKentuckySouth CarolinaAlabamaOregonConnecticutLouisianaMissouriArizonaWisconsinTennesseeColoradoMinnesotaIndiana

The gross metropolitan product of the top 10 metro areas in 2014 exceeded the combined output of the following 36 states.

GMP vs. GSP

Total GMP $5.77 trillion

Total GSP $5.56 trillion

Gross metropolitan product of U.S. metro areasand gross state product of U.S. states, 2014

is greater than

U.S. metros account for

GMP share of U.S. economy, 2014

85.5%

of population

87.5%

of employment

88.2%

of real income

91.1%

of wage income

90.7%

of overall GDP

Metro share of economic growth

NEW

JOBS

IN 2

014

INCR

EASE

IN G

DP IN

201

4

94%

in m

etro

are

as

95%

in m

etro

are

as

METRO ECONOMIES REPORTJUNE 2015

If U.S. metro economies were nations

World rankings of gross domestic products and metropolitan economies, 2014

in billions of U.S. $

1 United States 17,418.9 2 China 10,329.7 3 Japan 4,618.9 4 Germany 3,858.6 5 United Kingdom 2,949.4 6 France 2,842.9 7 Brazil 2,346.3 8 Italy 2,145.1 9 India 2,073.3 10 Russia 1,909.2 11 Canada 1,788.9 12 New York, NY-NJ-PA 1,521.7 13 Australia 1,442.6 14 South Korea 1,411.2 15 Spain 1,404.4 16 Mexico 1,295.8 17 Indonesia 888.5 18 Netherlands 867.1 19 Los Angeles-Long Beach, CA 859.7 20 Turkey 799.4 21 Saudi Arabia 752.5 22 Switzerland 708.5 23 Chicago-Naperville-Elgin, IL-IN-WI 611.0 24 Sweden 570.9 25 Nigeria 565.4 26 Poland 548.1 27 Houston, TX 542.5 28 Argentina 540.2 29 Belgium 533.3 30 Taiwan 529.5 31 Norway 500.0 32 Washington, DC-VA-MD-WV 477.0 33 Dallas-Fort Worth-Arlington, TX 470.0 34 Austria 437.8 35 United Arab Emirates 416.3 36 San Francisco-Oakland, CA 408.6 37 Philadelphia, PA-NJ-DE-MD 393.8 38 Boston, MA-NH 384.4 39 Colombia 378.5 40 Thailand 373.8 41 Iran 362.9 42 South Africa 346.6 43 Denmark 341.0 44 Venezuela 331.9 45 Malaysia 326.9 46 Atlanta, GA 321.1 47 Ireland 312.3 48 Singapore 307.9 49 Israel 304.2 50 Seattle-Tacoma-Bellevue, WA 296.9 51 Miami-Fort Lauderdale, FL 295.0 52 Hong Kong 289.3 53 Philippines 284.6 54 Egypt 281.5 55 Finland 270.7 56 Chile 258.2

57 Pakistan 251.3 58 Greece 237.1 59 Minneapolis-St. Paul, MN-WI 236.7 60 Portugal 231.7 61 Detroit-Warren-Dearborn, MI 231.1 62 Algeria 222.0 63 Phoenix-Mesa-Scottsdale, AZ 219.0 64 Kazakhstan 213.7 65 Qatar 211.8 66 San Jose, CA 210.1 67 San Diego-Carlsbad, CA 207.1 68 Czech Republic 205.5 69 Peru 204.0 70 Romania 199.8 71 New Zealand 197.4 72 Iraq 190.6 73 Denver-Aurora-Lakewood, CO 188.8 74 Vietnam 186.2 75 Baltimore-Columbia-Towson, MD 174.3 76 Bangladesh 174.3 77 Portland, OR-WA 171.6 78 Kuwait 165.6 79 St. Louis, MO-IL 150.2 80 Charlotte, NC-SC 146.5 81 Hungary 137.1 82 Pittsburgh, PA 135.3 83 Riverside, CA 135.0 84 Angola 133.7 85 Indianapolis-Carmel, IN 132.3 86 Ukraine 131.7 87 Tampa-St. Petersburg, FL 128.0 88 Cleveland-Elyria, OH 125.9 89 Cincinnati, OH-KY-IN 122.9 90 Kansas City, MO-KS 121.8 91 Columbus, OH 118.3 92 Orlando-Kissimmee-Sanford, FL 116.5 93 Sacramento, CA 113.4 94 Austin-Round Rock, TX 110.2 95 Morocco 107.5 96 Nashville-Davidson, TN 105.4 97 Puerto Rico 103.2 98 Ecuador 100.5 99 San Antonio-New Braunfels, TX 100.5 100 Slovakia 99.8 101 Las Vegas, NV 97.5 102 Milwaukee, WI 97.2 103 Bridgeport-Stamford-Norwalk, CT 96.7 104 Virginia Beach-Norfolk-Newport News, VA-NC 91.3 105 Hartford, CT 89.9 106 New Orleans-Metairie, LA 84.0 107 Cuba 83.8 108 Salt Lake City, UT 79.0 109 Oman 78.8 110 Providence-Warwick, RI-MA 75.9 111 Azerbaijan 75.2 112 Sri Lanka 74.7

113 Belarus 74.4 114 Oklahoma City, OK 74.3 115 Richmond, VA 71.5 116 Raleigh, NC 70.7 117 Sudan 69.8 118 Memphis, TN-MS-AR 69.5 119 Louisville-Jefferson County, KY-IN 66.2 120 Jacksonville, FL 64.9 121 Libya 63.9 122 Dominican Republic 63.5 123 Luxembourg 62.8 124 Myanmar 62.6 125 Uzbekistan 62.6 126 Birmingham-Hoover, AL 61.3 127 Kenya 61.1 128 Urban Honolulu, HI 59.6 129 Guatemala 58.7 130 Macau 57.9 131 Uruguay 57.5 132 Croatia 57.2 133 Tulsa, OK 56.5 134 Omaha-Council Bluffs, NE-IA 56.3 135 Bulgaria 55.7 136 Baton Rouge, LA 55.7 137 Rochester, NY 53.8 138 Buffalo-Niagara Falls, NY 52.9 139 Costa Rica 50.1 140 Ethiopia 49.9 141 Grand Rapids-Wyoming, MI 49.8 142 Slovenia 49.4 143 Turkmenistan 49.2 144 Lebanon 48.9 145 Lithuania 48.3 146 Tanzania 48.3 147 Oxnard-Thousand Oaks-Ventura, CA 48.1 148 Albany-Schenectady-Troy, NY 47.8 149 Tunisia 47.4 150 New Haven-Milford, CT 45.7 151 Madison, WI 44.6 152 Panama 44.3 153 Albuquerque, NM 44.2 154 Des Moines-West Des Moines, IA 44.0 155 Durham-Chapel Hill, NC 43.7 156 Serbia 42.2 157 Ghana 42.1 158 Little Rock, AR 41.9 159 Bakersfield, CA 41.4 160 Greensboro-High Point, NC 39.2

Full report contains comprehensive ranking of metro areas and nations.The names of some metro areas have been shortened due to space constraints.

METRO ECONOMIES REPORTJUNE 2015

Ranking of U.S. metro areas with states

Gross metropolitan product of U.S. metro areas and gross state product of U.S. states, 2014

in billions of U.S. $

1 California 2,308.6 2 Texas 1,608.1 3 New York, NY-NJ-PA 1,521.7 4 New York 1,353.9 5 Los Angeles-Long Beach, CA 859.7 6 Florida 838.8 7 Illinois 743.7 8 Pennsylvania 663.4 9 Chicago-Naperville-Elgin, IL-IN-WI 611.0 10 Ohio 580.2 11 New Jersey 558.6 12 Houston, TX 542.5 13 North Carolina 491.8 14 Washington, DC-VA-MD-WV 477.0 15 Georgia 472.4 16 Dallas-Fort Worth-Arlington, TX 470.0 17 Virginia 467.2 18 Massachusetts 462.4 19 Michigan 446.4 20 Washington 423.5 21 San Francisco-Oakland, CA 408.6 22 Philadelphia, PA-NJ-DE-MD 393.8 23 Boston, MA-NH 384.4 24 Maryland 352.9 25 Indiana 328.4 26 Minnesota 322.9 27 Atlanta, GA 321.1 28 Colorado 306.7 29 Tennessee 297.8 30 Seattle-Tacoma-Bellevue, WA 296.9 31 Miami, FL 295.0 32 Wisconsin 290.9 33 Arizona 290.6 34 Missouri 285.3 35 Louisiana 263.1 36 Connecticut 257.9 37 Minneapolis-St. Paul, MN-WI 236.7 38 Detroit-Warren-Dearborn, MI 231.1 39 Oregon 229.5 40 Phoenix-Mesa-Scottsdale, AZ 219.0 41 San Jose, CA 210.1 42 San Diego-Carlsbad, CA 207.1 43 Alabama 199.7 44 South Carolina 191.9 45 Kentucky 189.5 46 Denver-Aurora-Lakewood, CO 188.8 47 Oklahoma 187.2 48 Baltimore-Columbia-Towson, MD 174.3 49 Portland, OR-WA 171.6 50 Iowa 170.1 51 St. Louis, MO-IL 150.2 52 Kansas 148.4 53 Utah 147.7 54 Charlotte, NC-SC 146.5 55 Nevada 137.2 56 Pittsburgh, PA 135.3

57 Riverside, CA 135.0 58 Indianapolis-Carmel, IN 132.3 59 Arkansas 128.4 60 Tampa-St. Petersburg, FL 128.0 61 Cleveland-Elyria, OH 125.9 62 Cincinnati, OH-KY-IN 122.9 63 Kansas City, MO-KS 121.8 64 Columbus, OH 118.3 65 Orlando-Kissimmee-Sanford, FL 116.5 66 District of Columbia 115.8 67 Sacramento, CA 113.4 68 Nebraska 112.5 69 Austin-Round Rock, TX 110.2 70 Mississippi 108.2 71 Nashville-Davidson, TN 105.4 72 San Antonio-New Braunfels, TX 100.5 73 Las Vegas, NV 97.5 74 Milwaukee, WI 97.2 75 Bridgeport-Stamford-Norwalk, CT 96.7 76 New Mexico 95.5 77 Virginia Beach-Norfolk-Newport News, VA-NC 91.3 78 Hartford, CT 89.9 79 New Orleans-Metairie, LA 84.0 80 Salt Lake City, UT 79.0 81 Hawaii 77.4 82 West Virginia 77.0 83 Providence-Warwick, RI-MA 75.9 84 Oklahoma City, OK 74.3 85 Richmond, VA 71.5 86 Raleigh, NC 70.7 87 New Hampshire 69.8 88 Memphis, TN-MS-AR 69.5 89 Louisville-Jefferson County, KY-IN 66.2 90 Jacksonville, FL 64.9 91 Delaware 64.8 92 Idaho 64.7 93 Birmingham-Hoover, AL 61.3 94 North Dakota 60.6 95 Alaska 59.8 96 Urban Honolulu, HI 59.6 97 Tulsa, OK 56.5 98 Maine 56.5 99 Omaha-Council Bluffs, NE-IA 56.3 100 Baton Rouge, LA 55.7 101 Rhode Island 55.0 102 Rochester, NY 53.8 103 Buffalo, NY 52.9 104 Grand Rapids-Wyoming, MI 49.8 105 Oxnard-Thousand Oaks-Ventura, CA 48.1 106 Albany-Schenectady-Troy, NY 47.8 107 South Dakota 47.8 108 Wyoming 46.6 109 New Haven-Milford, CT 45.7 110 Montana 45.3 111 Madison, WI 44.6 112 Albuquerque, NM 44.2

113 Des Moines-West Des Moines, IA 44.0 114 Durham-Chapel Hill, NC 43.7 115 Little Rock, AR 41.9 116 Bakersfield, CA 41.4 117 Greensboro-High Point, NC 39.2 118 Fresno, CA 38.6 119 Worcester, MA-CT 38.5 120 Dayton, OH 38.4 121 Knoxville, TN 37.8 122 Columbia, SC 37.2 123 Greenville-Mauldin-Easley, SC 36.6 124 Tucson, AZ 36.4 125 Allentown-Bethlehem-Easton, PA-NJ 35.5 126 Charleston-North Charleston, SC 34.2 127 Harrisburg-Carlisle, PA 32.8 128 Wichita, KS 32.3 129 Akron, OH 32.1 130 Toledo, OH 31.9 131 Anchorage, AK 31.9 132 Syracuse, NY 30.6 133 Vermont 30.4 134 Trenton, NJ 30.3 135 Boise City, ID 29.8 136 Lafayette, LA 29.2 137 Jackson, MS 29.1 138 Colorado Springs, CO 28.9 139 Portland-South Portland, ME 28.4 140 El Paso, TX 28.1 141 Winston-Salem, NC 27.9 142 North Port-Sarasota-Bradenton, FL 27.6 143 Lexington-Fayette, KY 27.6 144 Midland, TX 27.4 145 Beaumont-Port Arthur, TX 25.4 146 Fayetteville, AR-MO 25.3 147 Ogden-Clearfield, UT 25.2 148 Springfield, MA 25.0 149 Corpus Christi, TX 24.7 150 Santa Maria-Santa Barbara, CA 24.5 151 Manchester-Nashua, NH 24.2 152 Lancaster, PA 24.1 153 Shreveport-Bossier City, LA 24.0 154 Huntsville, AL 23.6 155 Stockton-Lodi, CA 23.4 156 Santa Rosa, CA 23.0 157 Cape Coral-Fort Myers, FL 22.8 158 Chattanooga, TN-GA 22.7 159 Boulder, CO 22.2 160 Spokane-Spokane Valley, WA 21.8

The names of some metro areas have been shortened due to space constraints.

METRO ECONOMIES REPORTJUNE 2015

Top 100 U.S. metro economies

1 New York-Newark-Jersey City, NY-NJ-PA 1,521.7 2 Los Angeles-Long Beach-Anaheim, CA 859.7 3 Chicago-Naperville-Elgin, IL-IN-WI 611.0 4 Houston-The Woodlands-Sugar Land, TX 542.5 5 Washington-Arlington-Alexandria, DC-VA-MD-WV 477.0 6 Dallas-Fort Worth-Arlington, TX 470.0 7 San Francisco-Oakland-Hayward, CA 408.6 8 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 393.8 9 Boston-Cambridge-Newton, MA-NH 384.4 10 Atlanta-Sandy Springs-Roswell, GA 321.1 11 Seattle-Tacoma-Bellevue, WA 296.9 12 Miami-Fort Lauderdale-West Palm Beach, FL 295.0 13 Minneapolis-St. Paul-Bloomington, MN-WI 236.7 14 Detroit-Warren-Dearborn, MI 231.1 15 Phoenix-Mesa-Scottsdale, AZ 219.0 16 San Jose-Sunnyvale-Santa Clara, CA 210.1 17 San Diego-Carlsbad, CA 207.1 18 Denver-Aurora-Lakewood, CO 188.8 19 Baltimore-Columbia-Towson, MD 174.3 20 Portland-Vancouver-Hillsboro, OR-WA 171.6 21 St. Louis, MO-IL 150.2 22 Charlotte-Concord-Gastonia, NC-SC 146.5 23 Pittsburgh, PA 135.3 24 Riverside-San Bernardino-Ontario, CA 135.0 25 Indianapolis-Carmel, IN 132.3 26 Tampa-St. Petersburg-Clearwater, FL 128.0 27 Cleveland-Elyria, OH 125.9 28 Cincinnati, OH-KY-IN 122.9 29 Kansas City, MO-KS 121.8 30 Columbus, OH 118.3 31 Orlando-Kissimmee-Sanford, FL 116.5 32 Sacramento--Roseville--Arden-Arcade, CA 113.4 33 Austin-Round Rock, TX 110.2 34 Nashville-Davidson--Murfreesboro--Franklin, TN 105.4 35 San Antonio-New Braunfels, TX 100.5 36 Las Vegas-Henderson-Paradise, NV 97.5 37 Milwaukee-Waukesha-West Allis, WI 97.2 38 Bridgeport-Stamford-Norwalk, CT 96.7 39 Virginia Beach-Norfolk-Newport News, VA-NC 91.3 40 Hartford-West Hartford-East Hartford, CT 89.9 41 New Orleans-Metairie, LA 84.0 42 Salt Lake City, UT 79.0 43 Providence-Warwick, RI-MA 75.9 44 Oklahoma City, OK 74.3 45 Richmond, VA 71.5 46 Raleigh, NC 70.7 47 Memphis, TN-MS-AR 69.5 48 Louisville-Jefferson County, KY-IN 66.2 49 Jacksonville, FL 64.9 50 Birmingham-Hoover, AL 61.3

51 Urban Honolulu, HI 59.6 52 Tulsa, OK 56.5 53 Omaha-Council Bluffs, NE-IA 56.3 54 Baton Rouge, LA 55.7 55 Rochester, NY 53.8 56 Buffalo-Cheektowaga-Niagara Falls, NY 52.9 57 Grand Rapids-Wyoming, MI 49.8 58 Oxnard-Thousand Oaks-Ventura, CA 48.1 59 Albany-Schenectady-Troy, NY 47.8 60 New Haven-Milford, CT 45.7 61 Madison, WI 44.6 62 Albuquerque, NM 44.2 63 Des Moines-West Des Moines, IA 44.0 64 Durham-Chapel Hill, NC 43.7 65 Little Rock-North Little Rock-Conway, AR 41.9 66 Bakersfield, CA 41.4 67 Greensboro-High Point, NC 39.2 68 Fresno, CA 38.6 69 Worcester, MA-CT 38.5 70 Dayton, OH 38.4 71 Knoxville, TN 37.8 72 Columbia, SC 37.2 73 Greenville-Mauldin-Easley, SC 36.6 74 Tucson, AZ 36.4 75 Allentown-Bethlehem-Easton, PA-NJ 35.5 76 Charleston-North Charleston, SC 34.2 77 Harrisburg-Carlisle, PA 32.8 78 Wichita, KS 32.3 79 Akron, OH 32.1 80 Toledo, OH 31.9 81 Anchorage, AK 31.9 82 Syracuse, NY 30.6 83 Trenton, NJ 30.3 84 Boise City, ID 29.8 85 Lafayette, LA 29.2 86 Jackson, MS 29.1 87 Colorado Springs, CO 28.9 88 Portland-South Portland, ME 28.4 89 El Paso, TX 28.1 90 Winston-Salem, NC 27.9 91 North Port-Sarasota-Bradenton, FL 27.6 92 Lexington-Fayette, KY 27.6 93 Midland, TX 27.4 94 Beaumont-Port Arthur, TX 25.4 95 Fayetteville-Springdale-Rogers, AR-MO 25.3 96 Ogden-Clearfield, UT 25.2 97 Springfield, MA 25.0 98 Corpus Christi, TX 24.7 99 Santa Maria-Santa Barbara, CA 24.5 100 Manchester-Nashua, NH 24.2

Gross metropolitan product (GMP), 2014in billions of U.S. $