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StableEconomyReported 2024-12-04 21:30

U.S. Bureau of Economic Analysis Releases 2023 County and Metropolitan Area GDP Estimates

The U.S. Bureau of Economic Analysis reported that real GDP increased in 2,357 counties, decreased in 734 counties, and remained unchanged in 23 counties in 2023, with the largest changes occurring in Throckmorton County, TX (+125.8%) and Lincoln County, WA (-39.6%).

Why it matters. Local economies across the U.S. experienced varying levels of growth, affecting businesses, employment, and services in different regions.

01

Evidence

  • UUS Bureau of Economic AnalysisRegulator2024-12-04 21:30
    Real gross domestic product (GDP) increased in 2,357 counties, decreased in 734 counties, and was unchanged in 23 counties in 2023, according to estimates released today by the U.
    View source
  • UUS Bureau of Economic AnalysisRegulator2024-12-04 21:30
    Real gross domestic product (GDP) increased in 2,357 counties, decreased in 734 counties, and was unchanged in 23 counties in 2023, according to estimates released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP ranged from 125.8 percent in Throckmorton County, TX, to –39.6 percent in Lincoln County, WA (table 1).
    View source
  • UUS Bureau of Economic AnalysisRegulator2024-12-04 21:30
    The estimates for 2023 incorporate the results of BEA’s annual update of GDP by county and metropolitan area that are also being released today.
    View source