| Country or Metro Area | Gross Product (in Billions of Dollars) 1999 | Gross Product Per Capita (in Dollars) 1999 |
|---|---|---|
| United States |
9,256.2
|
33,889
|
| Minneapolis-St. Paul, MN-WI |
110.7
|
38,418
|
| Ireland |
91.1
|
24,371
|
| Sioux Falls, SD |
7.4
|
45,348
|
| Duluth-Superior, MN-WI |
7.1
|
29,755
|
| Latvia |
6.3
|
2,567
|
| Fargo-Moorhead, ND-MN |
5.4
|
31,724
|
| St. Cloud, MN |
5.4
|
32,738
|
| Nepal |
5.1
|
217
|
| Rochester, MN |
4.7
|
40,178
|
| Eau Claire, WI |
4.3
|
29,724
|
| La Crosse WI-MN |
4.1
|
33,228
|
| Angola |
3.8
|
307
|
| Billings, MT |
3.5
|
27,850
|
| Cambodia |
2.8
|
244
|
| Rapid City, SD |
2.6
|
30,172
|
| Bismarck, ND |
2.6
|
28,495
|
| Missoula, MT |
2.6
|
28,798
|
| Grand Forks, ND-MN |
2.5
|
25,887
|
| Great Falls, MT |
1.8
|
23,038
|
| Cayman Islands |
1.5
|
37,487
|
Source: Standard & Poor's DRI
The size of district metropolitan economies is larger than many countries, according to a study by Standard & Poor's DRI. The gross product—the annual value of goods and services produced—in district cities reached $165 billion in 1999, larger than the economy of Norway. Nationwide, Minneapolis-St. Paul was the 12th largest metropolitan economy in the United States, with a gross product of $110.7 billion. Within the district, Sioux Falls, S.D., finished with the largest gross product per capita at $45,348. Higher levels of gross product in a city or country often result in higher income and overall better standards of living for its citizens.
New York, Los Angeles-Long Beach and Chicago were the top three metropolitan areas in the United States, with a combined gross product of over $1 trillion, larger than China's gross product. For the complete study, visit the U.S. Conference of Mayors Web site at www.usmayors.org.
See also:
Local Economic Development, Part I
fedgazette,
April 2000
