District metropolitan economies surpass some countries
Gross Product by Country and Metropolitan Area
Published July 1, 2000 | July 2000 issue
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 productthe annual value of goods and services producedin 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