These numbers are for 2012 and include revised figures since 2001.

 

2012 Metro GDP *in millions

1. Cleveland: 111,597 *first time surpassing $110 billion

2. Cincinnati: 108,236 *first time surpassing $105 billion

3. Columbus: 100,597 *first time surpassing $100 billion

4. Dayton: 33,858

5. Akron: 29,466

6. Toledo: 28,311

7. Youngstown: 17,563

 

Total and % Growth By Year 2001-2012 *in millions

2001-2002

1. Akron: +1,132 +5.4%

2. Columbus: +3,807 +5.3%

3. Youngstown: +612 +4.2%

4. Toledo: +871 +4.1%

5. Cincinnati: +3,089 +4.0%

6. Dayton: +989 +3.5%

7. Cleveland: +2,289 +2.7%

 

2002-2003

1. Akron: +872 +4.0%

2. Cleveland: +3,498 +4.0%

3. Cincinnati: +2,627 +3.3%

4. Toledo: +624 +2.8%

5. Dayton: +642 +2.2%

6. Columbus: +1,575 +2.1%

7. Youngstown: +221 +1.4%

 

2003-2004

1. Akron: +1,311 +5.7%

2. Cleveland: +4,460 +4.9%

3. Youngstown: +699 +4.5%

4. Cincinnati: +3,456 +4.2%

5. Columbus: +3,151 +4.1%

6. Dayton: +1,019 +3.4%

7. Toledo: +633 +2.8%

 

2004-2005

1. Akron: +1,339 +5.5%

2. Cincinnati: +4,105 +4.7%

3. Youngstown: +710 +4.4%

4. Columbus: +3,415 +4.2%

5. Dayton: +1,001 +3.3%

6. Toledo: +774 +3.3%

7. Cleveland: +2,874 +3.0%

 

2005-2006

1. Youngstown: +436 +2.6%

2. Akron: +601 +2.4%

3. Columbus: +2,053 +2.4%

4. Cincinnati: +1,985 +2.2%

5. Dayton: +688 +2.2%

6. Toledo: +489 +2.0%

7. Cleveland: +1,641 +1.7%

 

2006-2007

1. Cincinnati: +3,935 +4.2%

2. Columbus: +3,552 +4.1%

3. Akron: +1,047 +4.0%

4. Cleveland: +3,290 +3.3%

5. Toledo: +456 +1.8%

6. Dayton: +364 +1.1%

7. Youngstown: +109 +0.6%

 

2007-2008

1. Akron: +331 +1.2%

2. Cincinnati: +911 +0.9%

3. Cleveland: +767 +0.7%

4. Columbus: +81 +0.1%

5. Dayton: +194 -0.6%

6. Toledo: -826 -3.3%

7. Youngstown: -657 -3.8%

 

2008-2009

1. Columbus: -383 -0.4%

2. Cincinnati: -1,380 -1.4%

3. Akron: -824 -3.0%

4. Toledo: -743 -3.1%

5. Dayton: -1,234 -3.8%

6. Cleveland: -4,311 -4.1%

7. Youngstown: -1,453 -8.6%

 

2009-2010

1. Youngstown: +763 +5.0%

2. Toledo: +1,159 +4.9%

3. Cincinnati: +3,315 +3.4%

4. Cleveland: +3,149 +3.2%

5. Columbus: +2,645 +3.0%

6. Dayton: +933 +3.0%

7. Akron: +568 +2.1%

 

2010-2011

1. Toledo: +2,240 +9.1%

2. Youngstown: +1,097 +6.8%

3. Cleveland: +5,277 +5.1%

4. Columbus: +4,222 +4.6%

5. Dayton: +1,396 +4.3%

6. Cincinnati: +4,135 +4.2%

7. Akron: +1,002 +3.6%

 

2011-2012

1. Toledo: +1,341 +5.0%

2. Columbus: +4,365 +4.5%

3. Cincinnati: +4,570 +4.4%

4. Akron: +1,186 +4.2%

5. Cleveland: +3,475 +3.2%

6. Youngstown: +324 +1.9%

7. Dayton: +322 +1.0%

 

2001-2012 Metro

GDP Total Growth *in millions

1. Cincinnati: +30,748

2. Columbus: +28,483

3. Cleveland: +26,409

4. Akron: +8,565

5. Toledo: +7,018

6. Dayton: +5,926

7. Youngstown: +2,861

 

2001-2012 Metro GDP % Change

1. Akron: +41.0%

2. Cincinnati: +39.7%

3. Columbus: +39.5%

4. Toledo: +33.0%

5. Cleveland: +31.0%

6. Dayton: +21.2%

7. Youngstown: +19.5%

 

2007-2012 Metro GDP Growth *in millions

1. Cincinnati: +11,551

2. Columbus: +10,930

3. Cleveland: +8,357

4. Toledo: +3,171

5. Akron: +2,263

6. Dayton: +1,223

7. Youngstown: +74

 

2007-2012 Metro GDP % Change

1. Toledo: +12.6%

2. Columbus: +12.2%

3. Cincinnati: +11.9%

4. Akron: +8.2%

5. Cleveland: +8.1%

6. Dayton: +3.7%

7. Youngstown: +0.4%

 

2010-2012 Metro GDP Growth *in millions

1. Cleveland: +8,752

2. Cincinnati: +8,705

3. Columbus: +8,587

4. Toledo: +3,581

5. Akron: +2,188

6. Dayton: +1,718

7. Youngstown: +1,421

 

2010-2012 Metro GDP % Growth

1. Toledo: +14.5%

2. Columbus: +9.3%

3. Youngstown: +8.8%

4. Cincinnati: +8.7%

5. Cleveland: +8.5%

6. Akron: +8.0%

7. Dayton: +5.3%

 

Interesting numbers.  They imply that the best 2 metros for GDP growth prior to 2007 and the recession were Akron and Cincinnati, and after, they have been Toledo and Columbus, at least as far as % growth goes.

 

 

So is this saying that the Cleveland Metro was the fastest growing metro in the state last year? Also what does GDP mean?

2010-2012 Metro GDP % Growth

1. Toledo: +14.5%

2. Columbus: +9.3%

3. Youngstown: +8.8%

4. Cincinnati: +8.7%

5. Cleveland: +8.5%

6. Akron: +8.0%

7. Dayton: +5.3%

 

It's nice to see very positive economic news for the Toledo area.

So is this saying that the Cleveland Metro was the fastest growing metro in the state last year? Also what does GDP mean?

 

GDP = Gross Domestic Production

 

It's a measure of the size/strength of an economy. I'm not sure where you got the idea it was the fastest growing last year... According to the OP, Toledo has the largest growth % last year and Cleveland was 5th.

So is this saying that the Cleveland Metro was the fastest growing metro in the state last year? Also what does GDP mean?

 

GDP = Gross Domestic Production

 

It's a measure of the size/strength of an economy. I'm not sure where you got the idea it was the fastest growing last year... According to the OP, Toledo has the largest growth % last year and Cleveland was 5th.

I looked at the ranking all the way at the beginning amd Cleveland was #1 in over GDP but I took it for growth rate instead of overall GDP for some reason. Now since you broke it down though does that mean that Cleveland had the largest and strongest economy last year?

 

So is this saying that the Cleveland Metro was the fastest growing metro in the state last year? Also what does GDP mean?

 

GDP = Gross Domestic Production

 

It's a measure of the size/strength of an economy. I'm not sure where you got the idea it was the fastest growing last year... According to the OP, Toledo has the largest growth % last year and Cleveland was 5th.

I looked at the ranking all the way at the beginning amd Cleveland was #1 in over GDP but I took it for growth rate instead of overall GDP for some reason. Now since you broke it down though does that mean that Cleveland had the largest and strongest economy last year?

 

 

You can say largest, but it'd be hard to say strongest, since differences in population could also account for the larger number. An even better metric would be to look a per capita GDP.

 

City          2012 MSA pop est          per capita GDP

Clevelend  2,063,535                    $54.08

Cincinnati  2,128,603                    $50.84

Columbus  1,944,002                    $51.75

Dayton        800,972                    $42.27

Akron          702,262                    $41.96

Toledo        608,711                    $46.51

Youngstown  558,206                    $31.46

 

 

2001-2012 Metro

GDP Total Growth *in millions

1. Cincinnati: +30,748

2. Columbus: +28,483

3. Cleveland: +26,409

 

Are all of the numbers presented here adjusted for inflation? That is, is Cleveland's economy $26B greater today than it was ten years ago? Or is it comparing the 2012 GDP in 2012 dollars against the 2001 GDP in 2001 dollars? I assume they are adjusted and held constant to one year or the other, but just wanted to make sure...

 

 

 

I'm confused by the figures.  There's an actual spreadsheet at the link showing year-over-year GDP growth and rank.  It has the following as the percent change in 2012 (that being the change from 2011) and also ranks the metros nationally:

 

Toledo 3.2% (84th nationally)

Cincinnati - 2.7% (112th nationally)

Columbus - 2.7% (113th nationally)

Akron - 2.5% (125th nationally)

Cleveland - 1.5% (197th nationally)

Dayton - -0.7% (338th nationally)

 

This is at columns H and I of the spreadsheets labeled "Table 2," available at http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm.  Not sure where you're getting your "2011-2012" percentages, jcbmh. 

 

 

Ah, I see.  You are taking everything from Table 1, rather than from Table 2 (which is "real GDP" and accounts for inflation).  I think that is where Richard Florida is getting the figures he used.  I wondered where those very high figures for year-over-year GDP growth were coming from. 

You want to used the adjusted for inflation numbers for an accurate picture.  The per capita gdp is also a better apples-to-apples comparison

Hmm does this mean I  should get paid more? "Oh boss our GDP is over 50k should i be paid 50k?"

Hmm does this mean I  should get paid more? "Oh boss our GDP is over 50k should i be paid 50k?"

 

Good luck with that. I suspect you'll be spending a lot more time on UO afterwards......