DENVER BUSINESS JOURNAL — A report issued Tuesday says that 73 U.S. metropolitan areas produced more than $40 billion of goods and services last year.
GMP is the official measure of the total output of goods and services at the metropolitan level. It’s a smaller-scale version of the nation’s gross domestic product (GDP) — and the Bureau of Economic Analysis, in fact, officially refers to GMP as “gross domestic product by metropolitan area.”
Each slide gives an area’s rank in the new standings, followed by the informal name for the metro and its 2017 GMP. A five-year comparison is also provided, featuring the 2012 GMP and the percentage change to 2017.
Two areas have crossed the trillion-dollar threshold in gross metropolitan product — New York City at $1.72 trillion (represented on its slide as $1,717.7 billion) and Los Angeles at $1.04 trillion ($1,043.7 billion).
Read more at the Denver Business Journal: https://bit.ly/2PR8ojI
