Gross metropolitan product

Last updated

Gross metropolitan product (GMP) is a monetary measure of the value of all final goods and services produced within a metropolitan statistical area during a specified period (e.g., a quarter, a year). GMP estimates are commonly used to compare the relative economic performance among such areas.

Contents

European Union

GMP is calculated annually by the Eurostat. [1]

United States

GMP is calculated annually by the Bureau of Economic Analysis within the United States Department of Commerce. [2] This is done only for metropolitan areas and not for micropolitan areas, metropolitan divisions, combined statistical areas, and BEA economic areas. [3]

See also

Related Research Articles

<span class="mw-page-title-main">Bureau of Economic Analysis</span> US federal government agency

The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its various units—states, cities/towns/townships/villages/counties, and metropolitan areas. They also provide information about personal income, corporate profits, and government spending in their National Income and Product Accounts (NIPAs).

<span class="mw-page-title-main">Nomenclature of Territorial Units for Statistics</span> European Union standard for country subdivisions

Nomenclature of Territorial Units for Statistics or NUTS is a geocode standard for referencing the administrative divisions of countries for statistical purposes. The standard, adopted in 2003, is developed and regulated by the European Union, and thus only covers the EU member states in detail. The Nomenclature of Territorial Units for Statistics is instrumental in the European Union's Structural Funds and Cohesion Fund delivery mechanisms and for locating the area where goods and services subject to European public procurement legislation are to be delivered.

<span class="mw-page-title-main">Gross national income</span> Total domestic and foreign economic output claimed by residents of a country

The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI. In 2017, Irish GDP was 162% of Irish Modified GNI.

<span class="mw-page-title-main">Economy of the European Union</span>

The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the second largest economy in the world in nominal terms, after the United States and the third one in purchasing power parity (PPP) terms, after China and the United States. The European Union's GDP estimated to be around $18.35 trillion (nominal) in 2023 representing around one sixth of the global economy. Germany has by far the biggest national GDP of all EU countries, followed by France and Italy.

<span class="mw-page-title-main">Lisbon Region</span> Region in Portugal

Lisbon Region is one of the seven NUTS II designated regions of Portugal, which coincides with the NUTS III subregion Lisbon Metropolitan Area. The region covers an area of 3001.95 km2 and includes a population of 2,815,851 inhabitants according to the 2011 census, a density of 1039 inhabitants/km2.

<span class="mw-page-title-main">South Italy</span> Regions of Italy

South Italy is one of the five official statistical regions of Italy used by the National Institute of Statistics (ISTAT), a first level NUTS region and a European Parliament constituency. South Italy encompasses six of the country's 20 regions:

This is a list of first-level country subdivisions by nominal gross state product. This list shows top 100 largest subdivisions by GDP nominal and PPP. Those subdivisions which are the largest in their respective countries are shown in bold.

Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product. The GRDP includes regional estimates on the three major sectors including their sub-sectors, namely:

<span class="mw-page-title-main">Severozapaden Planning Region</span> Planning region in Bulgaria

Severozapaden, is a region of Bulgaria. The capital is the city of Pleven. The region has the lowest-ranked economy in Bulgaria and the European Union, with a GDP per capita (PPS) of €9,300 or 31% of EU28 average (2017). It includes five administrative divisions or oblasts: Vidin Province, Vratsa Province, Montana Province, Lovech Province and Pleven Province.

<span class="mw-page-title-main">Yuzhen Tsentralen Planning Region</span> Planning region in Bulgaria

Yuzhen Tsentralen Planning Region is a Bulgarian planning region. The capital is Plovdiv, the second-largest city in Bulgaria. It includes five Bulgarians provinces: Plovdiv Province, Pazardzhik Province, Smolyan Province, Kardzhali Province and Haskovo Province.

<span class="mw-page-title-main">Severen Tsentralen Planning Region</span> Planning region in Bulgaria

<span class="mw-page-title-main">Yugozapaden Planning Region</span> Planning region in Bulgaria

Yugozapaden Planning Region is a planning region in Bulgaria. The capital, also the national capital, is Sofia. It includes: Blagoevgrad Province, Sofia city, Sofia Province, Pernik Province and Kyustendil Province.

<span class="mw-page-title-main">South Sweden</span> National area in Sweden

South Sweden is a national area of Sweden. The national areas are a part of the NUTS statistical regions of Sweden.

<span class="mw-page-title-main">East Middle Sweden</span> National area in Sweden

East Middle Sweden is a national area of Sweden. The national areas are a part of the NUTS statistical regions of Sweden.

<span class="mw-page-title-main">Northwest Italy</span> Official statistical region of Italy

Northwest Italy is one of the five official statistical regions of Italy used by the National Institute of Statistics (ISTAT), a first level NUTS region and a European Parliament constituency. Northwest encompasses four of the country's 20 regions:

<span class="mw-page-title-main">Masovian Regional</span> NUTS2 Region in Poland

Masovian Regional is statistical area of the Nomenclature of Territorial Units for Statistics, level NUTS 2. It includes all of Masovian Voivodeship excluding Warsaw metropolitan area.

References

  1. "Gross domestic product (GDP) at current market prices by metropolitan regions".
  2. Honolulu economy 51st largest in U.S. September 25, 2009. Pacific Business News
  3. Regional Economic Accounts October 15, 2012. Bureau of Economic Analysis