Gross Domestic Product - Overberg
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![Page 1: Gross Domestic Product - Overberg](https://reader033.fdocuments.net/reader033/viewer/2022061217/54b57ad64a7959dc528b45ee/html5/thumbnails/1.jpg)
Steve Doig, Arizona State
Paul Overberg, USA TODAY
Philadelphia
Jan. 31, 2011
A Metro-level Look at GDP
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What is GDP?
Where metro GDP data comes from
Strengths and weaknesses
Quick tour
Outline
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Metros = 80% of population
City of 50,000+ and adjacent counties with significant daily ties
GDP: Gross domestic product
All goods and services of a region
Metro GDP
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Input-output accounts by industry
Economic Census, annual updates
Regional economic model (RIMSII)
Source of data
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Source of data Input-output tables
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Regional economic model (RIMS II)
Developed in 1981
Combines I-O data and industrial concentrations for each area
Handout
Source of data
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Fairly local
National comparability
Comprehensive but also specific
Ease of use: Graphical, interactive, inflation-adjusted
Strengths
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Publication lag
2009 data: Feb. 23!
2009 by state: Nov. 2010
Data covers just 2001-current
Weaknesses
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Questions?