Together they form what is known as the Los Angeles metropolitan area, the second most populous metropolitan area in the US after only the New York metropolitan area. Extreme decentralisation means that partnerships and collaborations are central to cultural life in the region. Graph and download economic data for Total Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (RGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, real, GDP… Mayor Garcetti has overseen the strongest economic growth in more than a generation — with record employment, historic investments, and construction. Los Angeles Area Economic Summary: This summary presents a sampling of economic information for the area; supplemental data are provided for regions Los Angeles is where the world comes to innovate and turn today’s ideas into tomorrow’s innovations. RECORD JOB GROWTH. Los Angeles metro area, second quarter 2020 (U.S. = $1,188; Area = $1,256) Source: U.S. BLS, Quarterly Census of Employment and Wages. Los Angeles - Los Angeles - Transportation: Automobile-dependent Los Angeles has struggled to create a balanced mass transit system. Liste der Städte nach Bruttoinlandsprodukt (Kaufkraftbereinigt) sowie BIP pro Kopf in Internationalen Dollar des Jahres 2014.Quelle ist eine Studie der Brookings Institution für 300 Städte weltweit. The economy of the city of Los Angeles is highly diversified, with strong sectors in services, wholesale and retail trade, manufacturing, government, financial service industries, transportation, utilities, and construction. Los Angeles ranked 11th with a median household income of … 2020-12-16. The US average is 3.7%. You need a Single Account for unlimited access. Workplace health and wellness in the U.S. (December 9, 2020). With a GDP of $535 billion, the San Francisco Bay Area would rank 19th in the world when ranked against national economies. Change in GDP. Bookings; Orders; My Account; Sign out. It turns out Texas is no slouch either, with the Houston and Dallas metro areas combining to produce over $1 trillion in tandem. The Los Angeles metro area is the least affordable because with 13 million inhabitants, most can barely afford to live here. The economy of Los Angeles County, CA employs 5M people. Please do not hesitate to contact me. The GDP per capita of Los Angeles Metro Area (CA) was $67,763 in 2017. Bookings; Orders; My Account; Sign out. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. Los Angeles ranked 11th with a median household income of … The federal government’s recently released annual accounting of business output of … East Los Angeles Cannabis Company East Los Angeles Cannabis Company East Los Angeles Cannabis Company East Los Angeles … QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. U.S. Bureau of Economic Analysis, Release: A paid subscription is required for full access. The Los Angeles Customs District (including the ports of Long Beach and Los Angeles, Port Hueneme, and Los Angeles International Airport) is the nation's largest, based on value of … In concept, an industry's GDP by metropolitan area, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Then you will be able to mark statistics as favourites and use personal statistics alerts. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. Gross Product. Sign In; Create Account; Bookings; Orders; My Account; Signed in as: filler@godaddy.com. 2020-12-29. Los Angeles has an unemployment rate of 5.1%. December 9, 2020. With a combined population of 13 million, the region is more populous than 46 of the country’s 50 states. Trade Volume. Among these are encouraging job training for industries that are the most competitive and will generate well-paying jobs to propel economic growth and wealth creation for all residents. New, Figures and insights about the advertising and media world, Industry Outlook New, Everything you need to know about the industry development, Find studies from all around the internet. In 2018, Los Angeles County, CA had a population of 10.1M people with a median age of 36.7 and a median household income of $68,093. Angaben schließen meist die Metropolregion ein. Chart. GDP. You need at least a Single Account to use this feature. Greater Los Angeles, also called the Southland, with a 2019 population of 18,710,563, is the second-largest urban region area in the United States, encompassing five counties in southern California extending from Ventura County in the west to San Bernardino County and Riverside County on the east, with Los Angeles County in the center and Orange County to the southeast. *Preliminary, Number of U.S. occupational injury deaths by gender 2003-2019, Employers' health care costs per employee in the U.S. 2015-2020, U.S. employer and employee health care costs in 2009 and 2019. You only have access to basic statistics. Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, GDP… Los Angeles is a shipping, industrial, communication, financial, fashion, and distribution center for the W United States and much of the Pacific Rim. This provides students, entrepreneurs and everyday people with jobs the opportunity to work on their own schedule and earn supplemental incomes with a side hustle. The Greater Los Angeles area was the second largest individual contributor with $866 billion in GDP, and Chicago’s metropolitan area adds $610 billion to the U.S. GDP. Top 10 Cities by Projected GDP. GDP. This can not be undone. GDP. Los Angeles Area Economic Summary: This summary presents a sampling of economic information for the area; supplemental data are provided for regions Profit from additional features by authenticating your Admin account. "GDP of the Los Angeles metro area from 2001 to 2019 (in billion chained 2012 U.S. Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a nonprofit, public-benefit organization to harness the power of private sector in collaboration with L.A. County, to guide economic development and create more widely shared prosperity. Welcome the economy of Los Angeles and Orange counties to the trillion-dollar club. But the more impressive fact is that the Los Angeles metropolitan area's GDP is larger than every US state outside California with only two exceptions: New York and Texas. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. dollars)." International trade is a major component of the Los Angeles area economy. As soon as this statistic is updated, you will immediately be notified via e-mail. Los Angeles is known as the global capital of the entertainment industry but also has developed systems of hyper-local arts production that reflect the diversity of the region. Federal Reserve Bank of St. Louis, Data in this graph are copyrighted. Welcome the economy of Los Angeles and Orange counties to the trillion-dollar club. Please authenticate by going to "My account" → "Administration". Learn more about how Statista can support your business. Federal Reserve Bank of St. Louis; - Los Angeles unemployment rate is 5.10%. Are you sure you want to remove this series from the graph? BEA. Photo courtesy of TPSDave and Pixabay.com.. Also see Employment & Jobs. The Los Angeles metro area is the least affordable because with 13 million inhabitants, most can barely afford to live here. 2020-11-25. "Gdp of The Los Angeles Metro Area from 2001 to 2019 (in Billion Chained 2012 U.S. Los Angeles is a sprawling city of 500 square miles and the heart of a metropolitan area with 18 million residents. Three cities are expected to be in the U.S.—New York, Los Angeles, and Chicago. - New York unemployment rate is 4.50%. Los Angeles-area apartment rents fell 3% in May from a year earlier, according to one measure. Los Angeles-Orange County Metropolitan Area Gross Product; Big … Three cities are expected to be in the U.S.—New York, Los Angeles, and Chicago. The pileups show the vulnerabilities of distribution systems that aren’t designed for sustained stress, but they’re hardly isolated to the U.S. The entertainment and tourism industries also contribute significantly to the economy. Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a region minus the value of the goods and services used up in production. - Los Angeles unemployment rate is 5.10%. Trade Volume. GDP. GDP by metropolitan area is the metropolitan area counterpart of the nation's, BEA's featured measure of U.S. production.For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm. Real gross domestic product (GDP) increased in 2,484 counties, decreased in 612 counties, and was unchanged in 17 counties in 2019. A recent BizFed survey of 800 Los Angeles business leaders illustrated just how deep the COVID-19 wound cut into our local economy. As a Premium user you get access to the detailed source references and background information about this statistic. Annual change in real GDP. 323-604-9003. This feature is limited to our corporate solutions. facts. For the past 20 years, the Port of Los Angeles has been the busiest container port in the Western Hemisphere. Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a region minus the value of the goods and services used up in production. The Big Apple’s forecasted $2.5 trillion GDP likely stems from its strong banking and finance sectors. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Los Angeles County’s Seven Targeted Industries. It is the second most populous city and metropolitan area in the U.S. Home of the American entertainment industry, the city is also known for its pleasant weather, urban sprawl, traffic, beaches, and ethnic and racial diversity. Los Angeles - Los Angeles - Economy: Southern California’s regional economy is huge, diversified, and in a perpetual state of flux. The percent change in real GDP ranged from 62.5 percent in Greensville + Emporia, VA, to –34.2 percent in Jackson County, WV. Employment Opportunity. Graph and download economic data for Total Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (RGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, real, GDP, and USA. Los Angeles, city, seat of Los Angeles county, southern California, U.S. … In, BEA. Sign In; Create Account; Bookings; Orders; My Account; Signed in as: filler@godaddy.com. Half of renters spend half of their monthly income on rents while homeowners are spending 40 percent of their income on their total housing payment. Accessed January 16, 2021. https://www.statista.com/statistics/183822/gdp-of-the-los-angeles-metro-area/, BEA. The Taipei Economic and Cultural Office in Los Angeles transmits an important announcement by the Bureau of Consular Affairs, the Ministry of Foreign Affairs, the Republic of China (Taiwan) more. Highlights - Household income in New York, is 6% more than it is in Los Angeles and is 0% above the National Average. Agriculture became important after the first citrus orchards were planted by Spanish missionaries in the 1700s. Los Angeles: Economy and Transportation. The bureau compared Williamson County to 140 other “large” counties with populations of more than 500,000 in 2019, including Los Angeles County, California. Home | All Almanac Topics Economy & Business. Los Angeles has seen the job market increase by 0.7% over the last year. Los Angeles County was the largest county by output, with its $710.9 billion GDP — equivalent to Saudi Arabia — accounting for 3.8% of the U.S. … The largest industries in Los Angeles County, CA are Health Care & Social Assistance (627,692 people), Retail Trade (504,940 people), and Manufacturing (455,551 people), and the highest paying industries are Utilities ($85,305), Information ($69,945), and Professional, Scientific, & Technical Services ($65,772). https://fred.stlouisfed.org/series/NGMP31080, Please create an employee account to be able to mark statistics as favorites. So ist z. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. Under Mayor Garcetti’s leadership, the unemployment rate dropped from 10.2% to 4.5% in six years, alongside January 15, 2021. Register in seconds and access exclusive features. Los Angeles’ economy continues to set new records for tourism, travel, and Port cargo. This placed Los Angeles County as the nations leading economic powerhouse county, but also ranked it ahead of all but nine U.S. states in GDP (California, Texas, Florida, Ohio, New York, Pennsylvania, and Illinois). With a free-market economy, the Kingdom has a strong domestic market and a growing middle class, … This statistic is not included in your account. Sharp, unpredictable swings in economy activity like Los Angeles is experiencing illustrate how the health crisis is grinding the gears of the global trading system. Royal Thai Consulate-General, Los Angeles ... Thailand is Southeast Asia’s second largest economy with a gross domestic product (GDP) of around USD 300 billion. The economy of Los Angeles, CA employs 2.06M people. Real (inflation adjusted) GDP per Capita over time. Clear 3 Table. Dollars). Top 10 Cities by Projected GDP. International trade is a major component of the Los Angeles area economy. 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