GMP

Desired Trend

Up

Current Trend

Up
Baseline (2010): $ 144.9 billion
Current (2019): $ 152.4 billion

Theme Prosperous

Definition

Gross Metropolitan Product - the market value of all goods and services produced in the region (2012 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 $144.9 billion in the baseline year 2010 to $152.4 billion in 2019 (in 2012 chained dollars.) The GMP for the St. Louis region in 2015 surpassed the pre-recession GMP of $146.2 (2008). After experiencing a decline in GMP of 2.4 percent from 2008 to 2009, the region experienced an overall increase of 6.8 percent growth in GMP from 2009 to 2019. The national GMP saw a more substantial decrease from 2008 to 2009 (2.5 percent) and a much larger increase from 2009 to 2019 (25.5 percent).

In 2019, the GMP per capita in the St. Louis region was $61,877.3 (in nominal dollars), ranking St. Louis as 38th among the 50 peer metro regions. This is lower than the GMP per capita for the United States and lower than most other peer regions. On total GMP, the region ranks more favorably with the 22ndt largest economy, $152 billion. The 50 regions comprise 71 percent of GMP for metropolitan portion of the United States. The St. Louis MSA alone comprises about 1 percent of national GMP, and the largest metro economy, New York comprises almost 10 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