Although the Memphis MSA is lagging in its rate of growth (#246), it’s worth remembering that it still has the 47th largest Gross Domestic Product (GDP) of all MSAs at $69.9 million.
Meanwhile, our GDP is larger than 11 states: New Hampshire, Delaware, Idaho, North Dakota, Alaska, Maine, Rhodes Island, South Dakota, Wyoming, Montana, and Vermont.
And it’s larger than the GDP of Sudan, Dominican Republic, Luxembourg, Kenya, Uzbekistan, Guatemala, Macau, Uruguay, Croatia, Bulgaria, Costa Rica, Ethiopia, Slovenia, Lebanon, Lithuania, Tanzania, Tunisia, Panama, Serbia, Ghana, and Yemen.
GDP Comparisons Between MSAs (ranking among all MSAs is in parenthesis):
$324.9 billion – Atlanta-Sandy Springs-Roswell MSA (#10)
$236.5 billion – Detroit-Warren-Dearborn MSA (#13)
$150.0 billion – St. Louis MSA (#21)
$143.6 billion – Charlotte-Concord-Gastonia MSA (#22)
$125.9 billion – Indianapolis-Carmel MSA (#26)
$124.6 billion – Cleveland-Elyria MSA (#27)
$115.3 billion – Austin-Round Rock MSA (#32)
$106.7 billion – Nashville-Davidson-Murfreesboro-Franklin MSA (#34)
$ 80.3 billion – New Orleans-Metairie MSA (#41)
$ 69.9 billion – Memphis MSA (#47)
$ 67.3 billion – Louisville-Jefferson County MSA (#48)
$ 65.1 billion – Jacksonville MSA (#49)
$ 62.2 billion – Birmingham-Hoover MSA (#50)
$ 56.0 billion – Tulsa MSA (#53)
$ 54.9 billion – Buffalo-Cheektowaga-Niagara Falls MSA (#54)
$ 53.3 billion – Rochester MSA (#55)
$ 38.6 billion – Little Rock-North Little Rock-Conway MSA (#66)
$ 37.5 billion – Knoxville MSA (#70)
$ 28.6 billion – Jackson MSA (#87
$ 22.7 billion – Chattanooga MSA (#107)
Source: Bureau of Economic Analysis, U.S. Department of Commerce
***
Join us at the Smart City Memphis Facebook page for daily articles, reports, and commentaries that are relevant to Memphis.