Real United State's GDP by metropolitan area increased 2.5 percent in 2010 after declining 2.5 percent in 2009, according to new statistics released today by the United States Bureau of Economic Analysis. The economic growth was widespread as real GDP increased in 304 of 366 (83 percent) metropolitan areas, led by national growth in durable-goods manufacturing, trade, and financial activities.
Explanation of the indicator:
GDP (Gross Domestic Product), the primary measure of production in the U.S., refers to the quantity of goods and services produced. Positive numbers in the chart reflect a growing economy, while negative numbers reflect a shrinking economy. Real GDP, which is the GDP adjusted for inflation, is used in the chart.
In some cases, County-level data are not available from the same data source used by the State. In other cases, County-level data are not available for the same time frame used by the State. In these instances, data sources and time frames were selected that most closely match those of the State. Due to this difference, it must be noted that comparisons may not be completely equivalent in all cases. Michigan's data source is the U.S. Department of Commerce, Bureau of Economic Analysis.