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-- expanding insights through data analytics August 2017 .. examining how Gross Domestic Product (GDP) by Industry is changing by state and metro .. Which industry sectors contribute most to total GDP? How does one area/industry GDP rank among all areas or a peer group? Which areas are changing fastest for industry sectors of interest? How might this change impact your living environment and business? Go to interactive table below. Patterns of Real GDP Change by MSA, 2010-15 The following graphic shows how metro per capita real GDP changed from 2010-15. The legend in lower left shows color/interval. Click graphic for larger view; expand browser window for best quality view. In the larger view metros are labeled with the 2015 per capita real GDP rank among all metros (MSAs).  .. view developed with ProximityOne CV XE GIS and related GIS project. .. use related GIS project/datasets to examine patterns based on different measures. This section provides information on how GDP by industry is changing for the U.S. and by region, state and metro and tools to examine these data. Use the interactive table below and GIS project, to analyze change by state using latest estimates. These data are used by ProximityOne to develop/update demographic-economic projections. Examine these data/patterns contextually with other subject matter and geography using the Situation & Outlook (S&O) Reports. Narrative Analysis of GDP by Industry & Change by State & Metro A narrative summary and analysis of GDP for the U.S. and each state and metro by industry, contextually with other data and geography, is provided for each area in the Situation & Outlook Reports. Access current data via interactive table updated as shown in the schedule. Subscribe here. Updates -- Quarterly Estimates & Projections of GDP by Industry Annual estimates of U.S., state and metro GDP by industry through 2015 shown in the interactive table below are developed by the Bureau of Economic Analysis (BEA) each year. This section updates with BEA-sourced annual U.S., state and metro GDP by industry data through 2016 in September 2017. The upcoming data will provide more complete 2015 estimates and new 2016 estimates. BEA does not produce quarterly metro GDP estimates or GDP projections for any geographic level. Part of the Situation & Outlook program, ProximityOne develops quarterly estimates and projections of GDP by industry (U.S., region, state, metro). The ProximityOne quarterly GDP by industry data provide insights into the current situation and how the economy is trending. Many industry level estimates developed by BEA are not available due to suppression and other reasons. All data fields/items are provided in the ProximityOne data; there is no suppression or missing data. The quarterly GDP by industry series starts with 2015Q1 and runs quarterly; there is a data availability lag of two quarters. For example, the 2017Q2 data become available in the 2017Q4. Projections are updated quarterly and run 12 quarters ahead, providing a 3-year outlook. The full U.S., state and metro database may be downloaded by licensed users. Upcoming state/quarterly releases • Oct.10.17 P1 GDP by U.S., Region, State, Metro by Industry .. Estimates 2015Q1 through 2017Q1 (new estimate quarter) with updated projections through 2019Q4 .. coordinates with inputs from related releases. • Dec.19.17 P1 GDP by U.S., Region, State, Metro by Industry .. Estimates 2015Q1 through 2017Q2 (new estimate quarter) with updated projections through 2020Q1 .. coordinates with inputs from related releases. See integrated schedule. Related Sections • Metro Characteristics & Trends • Situation & Outlook Reports • State GDP - annual, longer term • State GDP - quarterly • Metro GDP - annual, per capita real GDP • Metro GDP by Industry - annual, real GDP, GDP, indexes; this section • Metro GDP by Industry - quarterly; real GDP, GDP, indexes; integrated U.S., state, metro (MSA) • Regional Economic Information System - annual, personal income by major source, employment by sector • State & Regional Income & Products Accounts Gross Domestic Product by Industry/Sector; 2010-2015 interactive table This table presents 90 rows (total GDP and industry sectors) for the U.S. and each state and metro/MSA. The table is initially sorted by geographic level by GeoID by Industry Level. Many 2015 BEA data are NA (negative cell value) for detailed industry categories. See data notes below table. Click column header to sort; again to sort other direction. Click ShowAll button between queries to refresh. Usage notes below table. See illustrative table extracts generated from this table below in this section. See more table usage notes below table. See related interactive tables. Usage Notes • Click ShowAll between changes to queries/filters. • Use Industry drop-down button to select a type of industry; see full industry list below • Find GeoID .. ... click this button to show only geographic area specific in edit box to right. ... use geographic code to select a state, metro or other geography. ... examples: 48000 is Texas state; 26240 is Houston metro • Specific Sector ... ... click Sector button to show selected sector only - 2 character sector code in edit box to right of sector button. ... this button can operate in tandem with Select GeoLevel button. - click ShowAll button .. click Select GeoLevel button .. click Sector button. • High Level Sectors ... ... click this button to show high level sectors only. ... this button operates in tandem with Find in GeoID button. • Get MSA code from this table. ... click ShowAll button below table then select GeoLevel=300 (metros) ... find metro of interest, right-click metro code (col 5); paste in Find in GeoID edit box in table table. • Click GDP button to view GDP columns. • Click Qty Index button to view GDP columns. Data Attributes • The underlying series extends from 2005 forward. • All GDP dollar values in table are in millions of dollars. • A negative value indicates data not available. -1 Not available for this period for this estimation cycle. -2 Not shown to avoid disclosure of confidential information; estimates included in higher level totals. -3 Less than $500,000 in nominal or real GDP by metropolitan area. .. this occurs only with BEA estimates (shown in table above) and not ProximityOne estimates. .. BEA data NA (-1) cells are much more common in the latest year due to the timing and BEA methodology. .. it important to examine a set of years (e.g., 2010 and later) where data NA might not have occurred. Illustrative Profiles/Spreadsheet Extracts from Interactive Table (XLS files) The following illustrative profiles have been generated using the above table. The general steps are: Check left-most checkbox to select desired rows; right-click in highlighted rows to copy to clipboard. Paste in cell A2 in a new spreadsheet using your spreadsheet software. • Dallas, TX MSA real GDP, high level sectors • Houston, TX MSA real GDP, high level sectors • Missouri all industry real GDP, all areas .. get for any state: .. click ShowAll, select state (use dropdown), select Industry (01, use any industry, use dropdown) Items in Table
- AreaName
- State - GeoID - GLev - geographic/summary level - SLev - contains value of 1 for high level sectors - IndID -- industry code - IndGrp -- industry NAICS group - IndDesc -- industry description - RealGDP 2010 - RealGDP 2011 - RealGDP 2012 - RealGDP 2013 - RealGDP 2014 - RealGDP 2015 - RealGDP Chg1015 - RealGDP Chg1015% - QtyIdx 2010 - QtyIdx 2011 - QtyIdx 2012 - QtyIdx 2013 - QtyIdx 2014 - QtyIdx 2015 - QtyIdx Chg1015 - QtyIdx Chg1015% - GDP 2010 - GDP 2011 - GDP 2012 - GDP 2013 - GDP 2014 - GDP 2015 - GDP Chg1015 - GDP Chg1015% Industry Codes & Descriptions
Terms & Definitions -- goto top These terms and definitions are derived from documentation developed by the Bureau of Economic Analysis. Gross domestic product (GDP) by state is the market value of goods and services produced by the labor and property located in a state. GDP by state is the state counterpart of the U.S. GDP, the most comprehensive measure of U.S. economic activity. Current-dollar statistics are valued in the prices of the period when the transactions occurred, at market value. Also referred to as nominal GDP or current-price GDP. Real values are inflation-adjusted statistics; these exclude the effects of price changes. Contributions to growth are an industry contribution to the state overall percent change in real GDP. The contributions are additive and can be summed to the state overall percent change. Seasonal adjustment and annual rates. Quarterly values are expressed at seasonally-adjusted annual rates. Quantities and prices. Quantities, or "real" measures, are expressed as index numbers with a specified reference year equal to 100 (currently 2009). Quantity indexes are calculated using a chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). "Real" dollar series are calculated by multiplying the published quantity index by the current dollar value in the reference year (2009) and then dividing by 100. Percent changes calculated from chained-dollar levels and quantity indexes are conceptually the same; any differences are due to rounding. Chained-dollar values are not additive because the relative weights for a given period differ from those of the reference year. Chained-dollar values of GDP by state are derived by applying national chain-type price indexes to the current dollar values of GDP by state for the 21 NAICS-based industry sectors. The chain-type index formula that is used in the national accounts is then used to calculate the values of total real GDP by state and real GDP by state at more aggregated industry levels. Real GDP by state may reflect a substantial volume of output that is sold to other states and countries. To the extent that a state's output is produced and sold in national markets at relatively uniform prices (or sold locally at national prices), real GDP by state captures the differences across states that reflect the relative differences in the mix of goods and services that the states produce. However, real GDP by state does not capture geographic differences in the prices of goods and services that are produced and sold locally. Relation of Gross Domestic Product (GDP) by State for the U.S. to GDP in the National Accounts. An industry's GDP by state, or its value added, in practice, is calculated as the sum of incomes earned by labor and capital and the costs incurred in the production of goods and services. It includes the wages and salaries that workers earn, the income earned by individual or joint entrepreneurs as well as by corporations, and business taxes such as sales, property, and Federal excise taxes—that count as a business expense. GDP is calculated as the sum of what consumers, businesses, and government spend on final goods and services, plus investment and net foreign trade. In theory, incomes earned should equal what is spent, but due to different data sources, the measurement of income earned, usually referred to as gross domestic income (GDI), does not always equal the measurement of what is spent (GDP). The difference is referred to as the "statistical discrepancy." GDP by state for the U.S. differs from the GDP in the national income and product accounts (NIPAs) and thus from the Industry Economic Accounts GDP by industry, because GDP by state for the U.S. excludes federal military and civilian activity located overseas, which cannot be attributed to a particular state. Support Using these Resources Learn more about accessing and using demographic-economic data and related analytical tools. Join us in a Data Analytics Lab session. There is no fee for these one-hour Web sessions. Each informal session is focused on a specific topic. The open structure also provides for Q&A and discussion of application issues of interest to participants. ProximityOne User Group Join the ProximityOne User Group to keep up-to-date with new developments relating to metros and component geography decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group. Additional Information ProximityOne develops geodemographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact us (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest. |
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