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Economic News, Data and Analysis

BEA Introduces New Measures of the Metropolitan Economy

The Bureau of Economic Analysis has released new data on GDP by metro area. The link below leads to a variety of metro-by-metro output and growth data.

BEA Introduces New Measures of the Metropolitan Economy

Today, the U.S. Bureau of Economic Analysis released experimental measures of economic output produced in the Nation’s metropolitan areas. GDP by metropolitan area is the measure of the market value of final goods and services produced within a metropolitan area in a particular period of time. GDP is BEA’s preferred and most comprehensive measure of economic activity. Metropolitan (statistical) areas, defined by the U.S. Office of Management and Budget, are standardized county-based areas having at least one urbanized area of 50,000 or more population, plus adjacent territory that has a high degree of social and economic integration with the core, as measured by commuting ties.

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