All but one of Michigan’s metropolitan areas saw more than 1.5 percent real Gross Domestic Product (GDP) growth in 2013, according to a report out of the U.S. Bureau of Economic Analysis.
Metropolitan Statistical Areas are geographic entities delineated by the federal Office of Management and Budget for use by federal statistical agencies, and centers around a socially and economically integrated area. There are 15 in Michigan, and 14 saw growth last year according to the Bureau of Economic Analysis’s advance numbers published last week.
The only Michigan area to lose economic power is actually only partially in Michigan – the South Bend – Mishawaka statistical area encompasses part of Southern Michigan and Northern Indiana. Its growth was -0.65 percent from 2012 to 2013.
The area in Michigan with the highest growth in 2013 was Monroe, which saw its gross domestic product grow 7.46 percent from 2012 to 2013.
In raw numbers, the Detroit-Warren-Dearborn metropolitan area has the biggest real GDP in the state, worth $224.7 billion. The next biggest is Grand Rapids-Wyoming at $48 billion. As a whole, Michigan’s GDP rose in 2013 as well.
Nationally, real GDP increased in 292 of the nation’s 381 MSAs in 2013. Growth was led by growth in the finance, insurance, real estate, rental, nondurable goods manufacturing and professional and business services.
PERCENT GROWTH
In Michigan’s 15 Metropolitan Statistical Areas:
• Ann Arbor: 2.15 percent
• Battle Creek: 2.85 percent
• Bay City: 4.36 percent
• Detroit-Warren-Dearborn: 2.98 percent
• Flint: 3.04 percent
• Grand Rapids-Wyoming: 5.8 percent
• Jackson: 5.84 percent
• Kalmazoo-Portage: 4.53 percent
• Lansing-East Lansing: 4.29 percent
• Midland: 1.68 percent
• Monroe: 7.46 percent
• Muskegon: 3.17 percent
• Niles-Benton Harbor: 6.72 percent
• Saginaw: 4.54 percent
• South Bend-Mishawaka: -0.65 percent
Source: Bureau of Economic Analysis
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