Charlotte metro dusts Raleigh in GDP growth

The 2017 GMP numbers are in from the Bureau of Economic Analysis, and the trend lines show the Charlotte MSA continues to contribute more to the country’s Gross Domestic Product (GDP) than any other North Carolina metro.

For Raleigh, however, things cooled off considerably since the 2016 numbers came out.

The Charlotte-Concord-Gastonia MSA registered a GMP of $146 billion, up 3.5% from the year before. The percent growth ranked the Queen City as the 49th fastest in the nation.

In contrast, Raleigh’s real Gross Metropolitan Product (GMP) clocked in at $72.6 billion — up 2.7% from 2016 numbers, and enough to rank the metro 93rd in terms of GMP growth. In 2016, the Raleigh-Cary MSA GMP grew 3.7%.

GMP is the official measure of the total output of goods and services at the metropolitan level. It’s a smaller-scale version of the nation’s GDP — and the BEA, in fact, officially refers to GMP as “gross domestic product by metropolitan area.”

Read the full story here.

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Cox Media Group