In 2023, the GDP of the San Francisco Bay Area amounted to ****** billion U.S. dollars, an increase from the previous year. The overall quarterly GDP growth in the United States can be found here. The GDP of the San Francisco Bay Area The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas such as San Francisco-Oakland (12th largest in the country), San Jose (31st largest in the country), along with smaller urban and rural areas. Overall, the Bay Area consists of nine counties, *** cities, and ***** square miles. The nine counties are Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma. There are approximately 4.62 million people living in the metro area as of 2022. Silicon Valley In the ten year period between 2001 and 2011, the Bay Area saw steady GDP growth. Starting in 2012, it began to skyrocket. This is thanks to an economic boom in the tech sector, and high value companies headquartered in Silicon Valley - also part of the Bay Area. Silicon Valley is known as the center of the global technology industry. Companies like Google, Facebook, eBay and Apple are headquartered there. Additionally, California ranked first on a list of U.S. states by GDP, with more than **** trillion U.S. dollars in GDP in 2022.

Graph and download economic data for Total Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) (NGMP41860) from 2001 to 2023 about San Francisco, CA, industry, GDP, and USA.

This graph shows the GDP of the San Francisco Bay Area in 2023, by industry. In 2023, the GDP of the San Francisco metro area amounted to about ****billion U.S. dollars. About ***billion U.S. dollars were generated in the manufacturing industries. The overall quarterly GDP growth in the United States can be found here. The San Francisco Bay Area’s GDPThe San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas such as San Francisco-Oakland (12th largest in the country), San Jose (31st largest in the country), along with smaller urban and rural areas. Overall, the Bay Area consists of nine counties, *** cities, and ***** square miles. The nine counties are Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma. The United States Census Bureau considers the Bay Area a Combined Statistical Area (CSA) with approximately *** million people, including the nine counties bordering San Francisco Bay as well as Santa Cruz and San Benito Counties, making it the sixth largest CSA in the United States. In the ten year period between 2001 and 2011, the Bay Area saw its GDP grow considerably. In 2001, GDP was *** billion U.S. dollars. This value rose to *** billion U.S. dollars by 2011. Additionally, California ranked first on a list of U.S. states by GDP, with *** trillion U.S. dollars of GDP in 2012. Silicon Valley, located in the Bay Area, is in great part responsible for the Bay Area’s and California’s high GDPs, as it is known as the center of the global technology industry. Companies like Google, Facebook, eBay and Apple are headquartered there.

In 2023, per capita gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area reached around ****** U.S. dollars. This was much less than per capita GDP of the San Francisco Bay Area and the New York Metropolitan Area. However, in terms of total GDP, China's Greater Bay Area was very much on par with other major global bay areas.

Graph and download economic data for Total Gross Domestic Product for San Jose-Sunnyvale-Santa Clara, CA (MSA) (NGMP41940) from 2001 to 2023 about San Jose, CA, industry, GDP, and USA.

In 2023, the GDP of the San Francisco Bay Area amounted to 681.89 billion U.S. dollars, an increase from the previous year. The overall quarterly GDP growth in the United States can be found here. The GDP of the San Francisco Bay Area The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas such as San Francisco-Oakland (12th largest in the country), San Jose (31st largest in the country), along with smaller urban and rural areas. Overall, the Bay Area consists of nine counties, 101 cities, and 7,000 square miles. The nine counties are Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma. There are approximately 4.62 million people living in the metro area as of 2022. Silicon Valley In the ten year period between 2001 and 2011, the Bay Area saw steady GDP growth. Starting in 2012, it began to skyrocket. This is thanks to an economic boom in the tech sector, and high value companies headquartered in Silicon Valley - also part of the Bay Area. Silicon Valley is known as the center of the global technology industry. Companies like Google, Facebook, eBay and Apple are headquartered there. Additionally, California ranked first on a list of U.S. states by GDP, with more than 3.59 trillion U.S. dollars in GDP in 2022.

In 2023, the gross domestic product (GDP) of the San Jose-Sunnyvale-Santa Clara metro area amounted to roughly ****** billion U.S. dollars. This was an increase from the previous year when the real GDP came to ****** billion U.S. dollars. San Jose is the third-largest city in California, the tenth-largest in the U.S., and the county seat of Santa Clara County. It is located at the southern end of San Francisco Bay. The San Jose-Sunnyvale-Santa Clara metro area had a population of around **** in 2021.

Graph and download economic data for Total Real Gross Domestic Product for Green Bay, WI (MSA) (RGMP24580) from 2001 to 2023 about Green Bay, WI, real, industry, GDP, and USA.

Graph and download economic data for Total Real Gross Domestic Product for Bay City, MI (MSA) (RGMP13020) from 2001 to 2023 about Bay City, MI, real, industry, GDP, and USA.

Graph and download economic data for Total Per Capita Real Gross Domestic Product for Bay City, MI (MSA) (DISCONTINUED) (PCRGMP13020) from 2001 to 2017 about Bay City, MI, per capita, real, industry, GDP, and USA.

This table contains data for gross domestic product (GDP), in current dollars, for all census metropolitan area and non-census metropolitan areas.

VITAL SIGNS INDICATOR
Economic Output (EC13)

FULL MEASURE NAME
Gross regional product

LAST UPDATED
August 2022

DESCRIPTION
Economic output is measured by the total and per-capita gross regional product (GRP) and refers to the value of goods and services generated by workers and companies in a region.

DATA SOURCE
Bureau of Economic Analysis: Regional Economic Accounts - http://www.bea.gov/regional/
2001-2020

California Department of Finance: E-4 Historical Population Estimates for Cities, Counties, and the State - https://dof.ca.gov/forecasting/demographics/estimates/
1970-2021

US Census Population and Housing Unit Estimates - https://www.census.gov/programs-surveys/popest.html
2001-2020

Bureau of Labor Statistics: Consumer Price Index - https://download.bls.gov/pub/time.series/cu
2012, 2020

CONTACT INFORMATION
vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Data is inflation-adjusted by using both nominal and real data developed by Bureau of Economic Analysis (BEA) and appropriately escalating real GRP data in 2012 chained dollars to 2020 dollars using metropolitan statistical area (MSA)-specific Consumer Price Index data from Bureau of Labor Statistics. Economic output per capita is calculated using CA Department of Finance historical population estimates and Census historical population estimates for Metro areas.

In 2024, the share of the tertiary industry in total GDP in Huizhou had the lowest value of all cities in the Guangdong - Hong Kong - Macao Greater Bay Area, amounting to about **** percent. For the Greater Bay Area as a whole, the service sector share in GDP ranged at **** percent that year.

Graph and download economic data for Total Gross Domestic Product for Palm Bay-Melbourne-Titusville, FL (MSA) (NGMP37340) from 2001 to 2023 about Palm Bay, FL, industry, GDP, and USA.

Graph and download economic data for Total Quantity Indexes for Real GDP for Green Bay, WI (MSA) (QGMP24580) from 2001 to 2023 about Green Bay, quantity index, WI, real, industry, GDP, and USA.

In 2023, the gross domestic product (GDP) of the San Jose-Sunnyvale-Santa Clara metro area amounted to roughly 392.46 billion U.S. dollars. This was an increase from the previous year when the real GDP came to 385.01 billion U.S. dollars. San Jose is the third-largest city in California, the tenth-largest in the U.S., and the county seat of Santa Clara County. It is located at the southern end of San Francisco Bay. The San Jose-Sunnyvale-Santa Clara metro area had a population of around 1.95 in 2021.

Graph and download economic data for Total Gross Domestic Product for Tampa-St. Petersburg-Clearwater, FL (MSA) (NGMP45300) from 2001 to 2023 about Tampa, FL, industry, GDP, and USA.

In regions where the development of formal finance is relatively lagging behind, commercial credit has partially replaced the role of formal finance and facilitated the development of the private economy and even the country, thus making commercial credit an important entry point for understanding and promoting sustainable economic development. Taking the Hangzhou Bay Greater Bay Area as a case study, based on the City Business Credit Environment Index (CEI) from 2015 to 2019, we examine the characteristics of business credit networks using social network analysis and discuss the impact of business credit on urban green economy efficiency heterogeneity by drawing on spatial econometrics. The study confirms that the structure of business credit networks in the Hangzhou Bay Greater Bay Area tends to be dense, the network density and number of connections show growth, the spatial network structure is taking shape, and the strength of spatial connections among cities has increased. Hangzhou, Shaoxing, Jiaxing and Shanghai are at the centre of the network and play a radiation-driven role. The business credit network in the Hangzhou Bay Greater Bay Area is characterised by self-stability and has evolved from a multi-centre to a single centre. Business credit is negatively correlated with the efficiency of the green economy in the Hangzhou Bay Area, which is a departure from the Chinese "financial development paradox". In terms of heterogeneity, the relationship remains consistent for port cities and open coastal cities in general, while the effect is less pronounced for cities above sub-provincial level. The study concludes that, with the high-quality economic development of the Hangzhou Bay Greater Bay Area, the Chinese "financial development paradox" does not exist in the region at this stage, which also highlights the need to accelerate the construction of a Chinese-style modernisation theory and practice system.

Graph and download economic data for Total Per Capita Real Gross Domestic Product for Green Bay, WI (MSA) (DISCONTINUED) (PCRGMP24580) from 2001 to 2017 about Green Bay, WI, per capita, real, industry, GDP, and USA.

In 2023, financing and insurance contributed around **** percent to the gross domestic product (GDP) of Hong Kong, constituting the largest industry in the city. The total GDP of Hong Kong amounted to around *** billion U.S. dollars that year. Sectoral view on Hong Kong’s economy Hong Kong is an important financial hub in Asia and a bridgehead for trade with mainland China. The city has a strong service sector that contributes more than ** percent of its GDP. Trading and logistics, as well as financial and professional services are key industries in the city. Over the last decade, the importance of the financial sector has increased gradually, making Hong Kong to one of the leading financial centers in the world. At the same time, trading and logistics has slowly lost ground, although it is, together with professional services, important for employment in the city. Economic perspectives In recent times, Hong Kong has encountered growing competition from Chinese mainland cities. At the same time, its integration into the Guangdong-Hong Kong-Macao Greater Bay Area offers new opportunities for economic growth. While the trade sector is under pressure by competition from mainland ports, Hong Kong’s highly developed financial, insurance, and business services will most probably grow further in the future.