GMP

Desired Trend

Up

Current Trend

Up
Baseline (2010): $ 132.2 billion
Current (2015): $ 138.5 billion

Theme Prosperous

Definition

Gross Metropolitan Product - the market value of all goods and services produced in the region (2009 chained dollars)

Why is it Important?

The Gross Metropolitan Product (GMP) measures the total economic output of the St. Louis region. It is the broadest measure of economic activity, reflecting the total value of all goods and services produced in the region.1 A healthy economy grows at a steady rate, which increases the circulation of money in the local economy and increases the likelihood for residents to prosper. However, like other economic indicators, GMP does not account for the social and environmental costs that may be associated with economic growth, and does not accurately reflect how changes in the economy affect the quality of life for residents. Therefore, it is important to analyze GMP alongside other indicators such as Income Inequality, Poverty, Air Quality, and Water Quality.

How are we Doing?

The St. Louis region’s GMP increased from $132.2 billion in the baseline year 2010 to $138.5 billion in 2015 (in 2009 chained dollars.) The region’s economy is improving, with the GMP for the St. Louis region in 2014 surpassing the pre-recession GMP of $135.2 in 2008 and continuing to increase from 2014 to 2015. After experiencing a decline in GMP of 2.7 percent from 2008 to 2009, the region experienced a 5.3 percent growth in GMP from 2009 to 2015. Over this same time period, the national GMP increased 13.7 percent.

In 2015, the GMP per capita in the St. Louis region was $55,156 (in nominal dollars), ranking St. Louis as 37th among the 50 peer metro regions. This is about the same as GMP per capita for the United States but lower than many of the peer regions. On total GMP, the region ranks more favorably with the 21st largest economy, $155.1 billion. This is below the average for the peer regions. The 50 regions comprise about 65 percent of GMP for the United States. The St. Louis MSA alone comprises about 1 percent of national GMP and the largest metro economy, New York comprises about 9 percent of the national economy.  

GMP

Geographic Level

St. Louis Metropolitan Statistical Area (MSA). View map.

Notes

1The Gross Metropolitan Product (GMP) is the market value of all goods and services produced in the region. GMP is the regional equivalent of the Gross Domestic Product (GDP), which measures the nation’s economy. The GMP is presented in chained dollars to remove the effects of inflation.

Data Sources

Bureau of Economic Analysis