2016 Top 10 Metropolitan Areas by GDP
The U.S. Department of Commerce released 2016 GDP by Metropolitan Statistical Area (MSA) on Wednesday, Sep. 20, 2017.
The top 10 metro areas by latest 2016 GDP are shown in the chart.
Dallas/Ft. Worth supplanted Houston/The Woodlands as the 4th largest economy in the United States in 2016, having advanced year-over-year by $18,558,000 billion dollars and at a very strong 3.8% growth rate.
In 2015 Dallas/Ft. Worth was in 6th place and this represents a jump of two positions in a single year ... simultaneously passing both Washington D.C. and Houston/The Woodlands ... that is unheard of and just demonstrates the enormous growth that is occurring in the Dallas region.
Houston/The Woodlands dropped to 6th place in 2016 from 4th in 2015, having contracted by $18,090,000 billion dollars and at a negative 3.6% year-over-year rate. Houston/The Woodlands has now had negative GDP for three straight years.
Dallas/Ft. Worth's economy is booming with such strength that in 2016 it now boasts the largest concentration of Fortune 500 corporate headquarters in the State of Texas with 22 Fortune 500's calling the Dallas area home, up 2 from the year before.
Houston/The Woodlands has fallen in 2016 to second place in Texas with 20 Fortune 500's, down 4 from the year before (and down 6 from the year before that).
Dallas/Ft. Worth Fortune 500's: www.dallasnews.com/business/business/2017/06/07/dallas-fo...
Houston/The Woodlands Fortune 500's: www.bizjournals.com/houston/news/2017/06/07/more-houston-...