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 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
