|Rank||U.S. metropolitan AREA||2011 GDP (millions)||Comparable Country||2011 GDP (millions)|
|1||New York-Northern New Jersey-Long Island||$1,277,228||Mexico||$1,155,208|
|2||Los Angeles-Long Beach-Santa Ana||$747,306||Turkey||$774,983|
On Friday, the BEA released data on GDP by Metropolitan Area for 2011, and America’s top 15 largest metro areas by GDP in 2011 are ranked in the table above. Together, those 15 metro areas produced $6.23 trillion of economic output in 2011, which represents more than 41% of America’s $15 trillion of total GDP in that year. If those 15 American cities were considered as a separate economy, they would have ranked as the world’s third largest economy in 2011, ahead of No. 4 Japan at $5.87 trillion, and behind No. 2 China at $7.2 trillion.
The table above also shows entire national economies that had approximately the same amount of economic output in 2011 as America’s 15 largest metro areas, and helps put the enormity of the $15 trillion US economy into perspective. Pretty amazing, and a testament to the size of the US economy and the productivity of American workers, that America’s largest metro areas produce economic output equivalent to entire countries like Mexico, Turkey and Sweden, etc.
As the WSJ wrote last summer “Inside the $15 trillion machine that is the U.S. economy are dozens of metropolitan economies, from New York to Honolulu, that are the real pistons and gears of U.S. growth and prosperity.” In fact, more than 89% of America’s economic output in 2011 ($13.445 trillion) was produced in the 366 US metro areas identified by the BEA.