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.

Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2023 about Los Angeles, CA, industry, GDP, and USA.

In 2023, the real GDP of the Los Angeles metro area amount to around 1.08 trillion U.S. dollars, and increase after 2021. The overall quarterly GDP growth in the United States can be found here. Gross domestic product of Los AngelesWith a population of over 12.8 million inhabitants in 2023, Los Angeles is the second-largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.99 trillion U.S. dollars to Los Angeles’ 1.13 trillion U.S. dollars in the fiscal year of 2021. Chicago metro area ranked third with GMP of 757.2 billion U.S. dollars. Additional detailed statistics about GDP in the United States is available here. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 9th with a median household income of 76,135 U.S. dollars annually in 2022. This was slightly higher than the median household income of the United States in 2022, which came in at 74,580 U.S. dollars annually. Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 449 films in 2022, many of them produced by Hollywood-based studios. In 2018, movie ticket sales in North America generated over 11.89 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Sofia Vergara, earning 43 million U.S. dollars in 2020. Second on the list was Angelina Jolie with earnings of 35.5 million U.S. dollars.

In 2023, the GDP of the New York metro area amounted to *** trillion chained 2017 U.S. dollars. This is an increase from 2021, when the GDP of the New York metro area was **** trillion dollars. New York CityThe New York metro area’s GDP has steadily risen in the last two decades from *** trillion U.S. dollars in 2001 to **** trillion U.S. dollars in 2023. In September 2023, the New York- Newark-Jersey City area had an unemployment rate of *** percent. It also had the highest population in the country in 2022 at ***** million people. New York City’s economy is one of the greatest in the country and is home to many Fortune 500 companies, including Big Pharma’s Bristol-Myers Squibb. Industries such as media, real estate, fashion and entertainment are some of the most prominent in the area. The finance industry in New York City, also known as Wall Street, is one of the leading financial centers of the world and houses the New York Stock Exchange and NASDAQ. The region is also home to one of the largest trading industries in the country at the Port of New York and New Jersey. This port includes a large estuary, regional airports, and a plethora of rail and road networks. Silicon Alley is one of the country’s largest technology industry hubs, including internet, telecommunications, and biotechnology. In 2022, there were some ****** business establishments in the region that focused on professional, scientific, and technical services.

Price per Square: All Residential: Chico, CA data was reported at 228.261 USD th in Jul 2020. This records a decrease from the previous number of 229.276 USD th for Jun 2020. Price per Square: All Residential: Chico, CA data is updated monthly, averaging 166.357 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 231.343 USD th in Sep 2019 and a record low of 104.211 USD th in Feb 2012. Price per Square: All Residential: Chico, CA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB060: Price per Square: by Metropolitan Areas.

Graph and download economic data for Total Gross Domestic Product for Washington-Arlington-Alexandria, DC-VA-MD-WV (MSA) (NGMP47900) from 2001 to 2023 about DC, Washington, WV, MD, VA, industry, GDP, and USA.

United States CPI U: Northeast: Size Class B/C data was reported at 156.752 Dec1996=100 in Oct 2018. This records a decrease from the previous number of 156.961 Dec1996=100 for Sep 2018. United States CPI U: Northeast: Size Class B/C data is updated monthly, averaging 132.049 Dec1996=100 from Dec 1996 (Median) to Oct 2018, with 263 observations. The data reached an all-time high of 157.350 Dec1996=100 in Aug 2018 and a record low of 100.000 Dec1996=100 in Jan 1997. United States CPI U: Northeast: Size Class B/C data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I014: Consumer Price Index: Urban: By Region. All metropolitan areas with population smaller than 1.5 million

Graph and download economic data for Total Gross Domestic Product for Atlantic City-Hammonton, NJ (MSA) (NGMP12100) from 2001 to 2023 about Atlantic City, NJ, industry, GDP, and USA.

Price per Square: All Residential: Clarksville, TN data was reported at 119.444 USD th in Jul 2020. This records an increase from the previous number of 118.003 USD th for Jun 2020. Price per Square: All Residential: Clarksville, TN data is updated monthly, averaging 91.709 USD th from Jul 2012 (Median) to Jul 2020, with 97 observations. The data reached an all-time high of 119.444 USD th in Jul 2020 and a record low of 82.156 USD th in Dec 2014. Price per Square: All Residential: Clarksville, TN data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB060: Price per Square: by Metropolitan Areas.

United States Months of Supply: sa: Single Family: Montgomery County, PA data was reported at 1.979 Month in Jul 2020. This records a decrease from the previous number of 3.993 Month for Jun 2020. United States Months of Supply: sa: Single Family: Montgomery County, PA data is updated monthly, averaging 4.605 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 7.195 Month in Feb 2012 and a record low of 1.979 Month in Jul 2020. United States Months of Supply: sa: Single Family: Montgomery County, PA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: All Residential: New York, NY data was reported at 11.319 Month in Jul 2020. This records an increase from the previous number of 10.868 Month for Jun 2020. United States Months of Supply: sa: All Residential: New York, NY data is updated monthly, averaging 8.000 Month from May 2015 (Median) to Jul 2020, with 63 observations. The data reached an all-time high of 11.319 Month in Jul 2020 and a record low of 6.394 Month in Feb 2020. United States Months of Supply: sa: All Residential: New York, NY data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

Months of Supply: sa: All Residential: California, MD data was reported at 1.395 Month in Jul 2020. This records a decrease from the previous number of 1.981 Month for Jun 2020. Months of Supply: sa: All Residential: California, MD data is updated monthly, averaging 5.069 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 8.537 Month in Apr 2014 and a record low of 1.395 Month in Jul 2020. Months of Supply: sa: All Residential: California, MD data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Price per Square: sa: All Residential: Montgomery County, PA data was reported at 168.918 USD th in Jul 2020. This records an increase from the previous number of 166.812 USD th for Jun 2020. United States Price per Square: sa: All Residential: Montgomery County, PA data is updated monthly, averaging 147.805 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 170.863 USD th in Apr 2020 and a record low of 135.302 USD th in Sep 2012. United States Price per Square: sa: All Residential: Montgomery County, PA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB061: Price per Square: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: All Residential: Salt Lake City, UT data was reported at 0.906 Month in Jul 2020. This records a decrease from the previous number of 1.122 Month for Jun 2020. United States Months of Supply: sa: All Residential: Salt Lake City, UT data is updated monthly, averaging 2.418 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 6.374 Month in May 2012 and a record low of 0.906 Month in Jul 2020. United States Months of Supply: sa: All Residential: Salt Lake City, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: All Residential: Camden, NJ data was reported at 1.638 Month in Jul 2020. This records a decrease from the previous number of 2.587 Month for Jun 2020. United States Months of Supply: sa: All Residential: Camden, NJ data is updated monthly, averaging 6.045 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 11.082 Month in May 2012 and a record low of 1.638 Month in Jul 2020. United States Months of Supply: sa: All Residential: Camden, NJ data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: All Residential: Philadelphia, PA data was reported at 2.798 Month in Jul 2020. This records a decrease from the previous number of 5.227 Month for Jun 2020. United States Months of Supply: sa: All Residential: Philadelphia, PA data is updated monthly, averaging 4.877 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 8.782 Month in Jun 2012 and a record low of 2.734 Month in Feb 2020. United States Months of Supply: sa: All Residential: Philadelphia, PA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: All Residential: Los Angeles, CA data was reported at 2.672 Month in Jul 2020. This records a decrease from the previous number of 3.478 Month for Jun 2020. United States Months of Supply: sa: All Residential: Los Angeles, CA data is updated monthly, averaging 2.639 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 4.229 Month in May 2020 and a record low of 1.513 Month in Mar 2013. United States Months of Supply: sa: All Residential: Los Angeles, CA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: All Residential: Minneapolis, MN data was reported at 1.667 Month in Jul 2020. This records a decrease from the previous number of 1.723 Month for Jun 2020. United States Months of Supply: sa: All Residential: Minneapolis, MN data is updated monthly, averaging 2.645 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 4.290 Month in Feb 2012 and a record low of 1.667 Month in Jul 2020. United States Months of Supply: sa: All Residential: Minneapolis, MN data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: Townhouse: San Francisco, CA data was reported at 2.597 Month in Jul 2020. This records an increase from the previous number of 2.163 Month for Jun 2020. United States Months of Supply: sa: Townhouse: San Francisco, CA data is updated monthly, averaging 1.139 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 3.700 Month in May 2020 and a record low of 0.507 Month in Jan 2016. United States Months of Supply: sa: Townhouse: San Francisco, CA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.

United States Months of Supply: sa: Townhouse: Syracuse, NY data was reported at 2.660 Month in Jul 2020. This records an increase from the previous number of 1.883 Month for Jun 2020. United States Months of Supply: sa: Townhouse: Syracuse, NY data is updated monthly, averaging 4.669 Month from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 10.345 Month in Sep 2012 and a record low of 1.599 Month in Apr 2019. United States Months of Supply: sa: Townhouse: Syracuse, NY data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB030: Months of Supply: by Metropolitan Areas: Seasonally Adjusted.