The Los Angeles metro area also ranked second among U.S.
United States – public debt 2021/22, by month. In April 2022, the public debt of the United States was around 30.37 trillion U.S. dollars, around 2.2 trillion more than a year earlier, when it was around 28.2 trillion U.S. dollars.
metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.67 trillion U.S. dollars to Los Angeles’ 999.98 billion U.S. dollars in the fiscal year of 2020.
With an economic gross domestic product of more than $747 billion in 2020, Los Angeles County contributes a quarter of California’s gross state product. It ranks second among all U.S. counties only to New York County (Manhattan Island, New York City) for gross domestic product.
*Los Angeles is one of the most dynamic economies in the world, with a fast-growing and immense high-tech industry, world leading creative economy, tremendous strength in aerospace and advanced transportation, the nation’s largest manufacturing base, the nation’s largest international trade industry, and a rapidly …
The service sector is the primary component of the Los Angeles economy. Business and professional management services, health services and research, and finance are important, as are trade and tourism.
In 2020, the real gross domestic product (GDP) of the Greater Houston area amounted to 455.3 billion U.S. dollars. This a decrease from the previous year when the area’s real GDP came to 469.35 billion U.S. dollars.
The State Lagged Behind the Nation in Economic Growth for 2017. A state’s Gross Domestic Product (GDP) is the value of production originating from all industries in the state, as defined by the U.S. Bureau of Economic Analysis. In 2017: New York State’s GDP was over $1.5 trillion, 8 percent of the U.S. total.
Chicago is America’s third-largest metro economy and in 2018 its GDP of $689 billion was almost the same size as Switzerland’s GDP of $705 billion, and it would have ranked as the 21st largest national economy in the world last year.