U.S. St. Louis metro area GDP 2001-2022
Published by Statista Research Department, Dec 19, 2023
In 2022, the Gross Domestic Product (GDP) of the St. Louis metropolitan area amounted to roughly 178.66 billion chained 2017 U.S. dollars. This was an increase from the previous year, when the GDP of St. Louis amounted to about 175.04 billion chained 2017 U.S. dollars.
Greater St. Louis is the common name of the St. Louis-St. Charles, MO-IL CSA, also known as Metro St. Louis. Greater St. Louis is the 21st largest MSA, with a population around 2.8 million inhabitants.
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Real gross domestic product growth in the St. Louis metro last year was good enough for 16th among the 30 largest U.S. metros, according to an analysis of federal data. Real gross domestic product in the St. Louis area — meaning the value of all goods and services produced, adjusted for inflation — climbed by 2.1%, or about $3.6 billion, in 2022, according to the U.S. Bureau of Labor Statistics.
It’s the most recent federal data available. The local growth rate for that year put the St. Louis area at No. 16 in a ranking by the Orlando Economic Partnership in Florida of the fastest-growing big regional economies in the United States. The Austin area came in first place, with GDP growth of 7.4%, followed by Orlando (5.9%), Dallas (5.7%), Las Vegas (5.3%), Miami (4.9%) and Tampa (4.9%). The 10th-ranked Tampa area, which includes Lakeland, saw GDP rise by 3.9% in 2022.
While the 16th place finish for the St. Louis metro means that the area isn’t a top player at the national level when measured strictly by growth output, the distinction still is notable. Twelve of the 30 largest metros in the United States (including St. Louis) outpaced the national growth rate of 1.2%, and seven more (including Atlanta) had growth rates comparable to the national rate.
Besides the first-place finish by the Austin area, the fastest-growing metros were Jamestown and Grand Forks in North Dakota, and Utica in Kansas, each with growth rates of around 4.6%, according to the Orlando Economic Partnership.
The slowest-growing large metros were Dayton, Ohio, and Morgantown, W.Va., each growing by 0.6%, the Orlando partnership said. In February, MD Community Bank said that the 1.6% growth rate in St. Louis City and St. Louis County last year was good for the third-highest growth rate among 460 major U.S. municipalities, a list that the metro dropped from 180th in 2019 to 144th in 2018.
The lower 2018 ranking came with the completion of two major projects in the metro. Belden announced the relocation to St. Louis City of its headquarters and manufacturing plant, which had been located in Wisconsin. And Boeing announced that it would end production of its single-aisle 737 at the Jefferies Boulevard plant at Lambert International Airport and transfer that production to Oklahoma City.
MD Community Bank, which operated the U.S. Small Business Administration’s St. Louis district office for a half-century before moving into a commercial branch banking business, also looked at 24-hour variety across the 329 largest U.S. metropolitan areas, ranking St. Louis at No. 48.
In other words, “so far in 2022, the national mood doesn’t seem to be one of fully deployed anhedonia,” said MD Community Bank, using the Greek term for pleasure deprivation. The Anhedonia Index is the number of bars and restaurants per owner-units of housing stock (median value) in each of the largest metros, and the St. Louis metro ratio stood at 30.6. Portland, where the ratio stood at 333.9, came in first place. McAllen, Texas, had a ratio of 0, and Wyoming had no bars or restaurants listed in the U.S. Department of Agriculture’s Crop Production Yearbook for 2020.
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