Columbus Metro vs. National and Midwest Peer GDP



This post is largely just an update of previous versions, and now includes data for 2017, the latest year available.

Rank of Major Midwest Metros and Columbus National Peers by GDP, 2001 and 2017
In Millions
2001————————————————————–2017

1. Chicago: $502,222.7——————-1. Chicago: $583,137.2
2. Detroit: $217,366.5——————–2. San Jose: $256,419.3
3. Minneapolis: $176,780.9————–3.Detroit: $228,069.4
4. San Jose: $128,869.7——————4. Minneapolis: $226,151.9
5. St. Louis: $126,476.1——————-5. Portland: $156,552.6
6. Pittsburgh: $106,840.3—————6. St. Louis: $139,508.7
7. Cleveland: $103,743.4—————–7. Austin: $135,072.4
8. Cincinnati: $96,633.3——————8. Pittsburgh: $131,221.8
9. Indianapolis: $94,562.8—————-9. Indianapolis: $122,607.7
10. Kansas City: $92,306.6————–10. Cleveland: $120,380.2
11. Sacramento: $85,624.2————–11. Cincinnati: $119,222.7
12. Columbus: $85,481.4—————–12. Columbus: $117,249.9
13. Portland, OR: $84,793.6————-13. Nashville: $115,716.5
14. Milwaukee: $77,852.2—————-14. Kansas City: $114,418.2
15. Virginia Beach, VA: $69,736.1——-15. Sacramento: $108,731.8
16. Las Vegas: $68,883.0—————-16. Las Vegas: $96,061.8
17. Nashville: $68,332.6——————17. Milwaukee: $91,961.9
18. Austin: $62,312.4———————18. Virginia Beach: $81,820.7
19. Providence, RI: $61,594.2———–19. Providence: $71,739.2
20. Jacksonville, FL: $49,447.8———20. Jacksonville: $65,829.8
21. Grand Rapids, MI: $42,329.6——–21. Omaha: $56,228.7
22. Omaha, NE: $39,148.8—————22. Grand Rapids: $52,734.5
23. Dayton: $35,227.9——————–23. Des Moines: $49,031.4
24. Madison, WI: $29,854.1————–24. Madison: $43,597.4
25. Des Moines, IA: $28,118.4———–25. Dayton: $35,396.9
26. Akron: $27,124.1———————-26. Akron: $32,386.3
27. Toledo: $26,129.5———————27. Wichita: $29,825.3
28. Wichita, KS: $25,465.4—————28. Toledo: $28,299.8
29. Youngstown: $19,767.5————–29. Fort Wayne: $19,786.0
30. Fort Wayne, IN: $16,048.8———–30. Lincoln: $17,300.5
31. Canton: $13,932.2———————31. Youngstown: $17,257.5
32. Lincoln, NE: $12,537.4—————-32. Canton: $14,901.4

Rank by Total Change in Millions 2001-2017
1. San Jose: +$127,549.6
2. Chicago: +$80,914.5
3. Austin: +$72,760
4. Portland: +$71,759
5. Minneapolis: +$49,371
6. Nashville: +$47,383.9
7. Columbus: +$31,768.5
8. Indianapolis: +$28,044.9
9. Las Vegas: +$27,178.8
10. Pittsburgh: +$24,381.5
11. Sacramento: +$23,107.6
12. Cincinnati: +$22,589.4
13. Kansas City: +$22,111.6
14. Des Moines: +$20,913
15. Omaha: +$17,079.9
16. Cleveland: +$16,636.8
17. Jacksonville: +$16,382
18. Milwaukee: +$14,109.7
19. Madison: +$13,743.3
20. St. Louis: +$13,032.6
21. Virginia Beach: +$12,084.6
22. Detroit: +$10,702.9
23. Grand Rapids: +$10,404.9
24. Providence: +$10,145
25. Akron: +$5,262.2
26. Lincoln: +$4,763.1
27. Wichita: +$4,359.9
28. Fort Wayne: +$3,737.2
29. Toledo: +$2,170.3
30. Canton: +$969.2
31. Dayton: +$169
32. Youngstown: -$2,510

Total Rank by % Change 2001-2017
1. Austin: +116.8%
2. San Jose: +99.0%
3. Portland: +84.6%
4. Des Moines: +74.4%
5. Nashville: +69.3%
6. Madison: +46.0%
7. Omaha: +43.6%
8. Las Vegas: +39.5%
9. Lincoln: +38.0%
10. Columbus: +37.2%
11. Virginia Beach: +33.1%
12. Indianapolis: +29.7%
13. Minneapolis: +27.9%
14. Sacramento: +27.0%
15. Grand Rapids: +24.6%
16. Kansas City: +24.0%
17. Cincinnati: +23.4%
18. Fort Wayne: +23.3%
19. Pittsburgh: +22.8%
20. Akron: +19.4%
21. Milwaukee: +18.1%
22. Virginia Beach: +17.3%
23. Wichita: +17.1%
24. Providence: +16.5%
25. Chicago: +16.1%
26. Cleveland: +16.0%
27. St. Louis: +10.3%
28. Toledo: +8.3%
29. Canton: +7.0%
30. Detroit: +4.9%
31. Dayton: +0.5%
32. Youngstown: -12.7%

Finally, let’s take a look at per-capita GDP and income.

Rank of Metros by Per-Capita GDP in Dollars, 2017
1. San Jose: $128,308
2. Des Moines: $75,910
3. Madison: $66,639
4. Austin: $63,839
5. Portland: $63,817
6. Minneapolis: $62,809
7. Chicago: $61,170
8. Nashville: $60,806
9. Indianapolis: $60,439
10. Omaha: $60,246
11. Cleveland: $58,470
12. Milwaukee: $58,343
13. Columbus: $56,405
14. Pittsburgh: $56,237
15. Cincinnati: $54,712
16. Kansas City: $53,745
17. Detroit: $52,879
18. Lincoln: $52,185
19. Grand Rapids: $49,791
20. St. Louis: $49,694
21. Virginia Beach: $47,426
22. Toledo: $46,880
23. Sacramento: $46,769
24. Akron: $46,036
25. Wichita: $45,862
26. Fort Wayne: $45,525
27. Providence: $44,253
28. Dayton: $44,058
29. Jacksonville: $43,741
30. Las Vegas: $43,584
31. Canton: $37,260
32. Youngstown: $31,845

Total Per-Capita GDP Growth 2001-2017, in Dollars
1. San Jose: +$54,361
2. Portland: +$20,800
3. Des Moines: +$18,497
4. Austin: +$16,680
5. Nashville: +$12,315
6. Pittsburgh: +$12,043
7. Madison: +$11,838
8. Cleveland: +$10,032
9. Omaha: +$9,807
10. Akron: +$7,182
11. Milwaukee: +$6,691
12. Cincinnati: +$6,689
13. Providence: +$6,646
14. Chicago: +$6,399
15. Columbus: +$6,322
16. Lincoln: +$5,962
17. Minneapolis: +$5,536
18. Grand Rapids: +$4,977
19. Fort Wayne: +$4,748
20. Toledo: +$4,670
21. Indianapolis: +$4,392
22. Detroit: +$4,162
23. Virginia Beach: +$3,663
24. Kansas City: +$3,511
25. Canton: +$2,966
26. St. Louis: +$2,679
27. Wichita: +$2,260
28. Sacramento: +$890
29. Jacksonville: +$671
30. Dayton: +$268
31. Youngstown: -$1,149
32. Las Vegas: -$3,580

Columbus is not performing as well in this metric. In Ohio, Columbus is poised to become Ohio’s largest metro economy eventually, but may lag behind on a per-capita basis.



Year in Review 2014: March-May



Development News
March

-Plans were announced to redevelop Poindexter Village with 350 residential units, as well as community center and park space.
http://www.columbusunderground.com/poindexter-plan-calls-for-350-multi-family-units-urban-farm-bw1
-A new brewery announced it would be moving into space on West Town Street in Franklinton.
http://www.bizjournals.com/columbus/blog/2014/03/land-grant-brewing-finally-finds-home.html
-A new 42-unit residential development was announced for Downtown Dublin.
http://www.bizjournals.com/columbus/blog/2014/03/crawford-hoying-planning-42-luxury.html
-101 residential units were proposed for 991 Dennison Avenue in Victorian Village.
http://www.columbusunderground.com/new-five-story-101-unit-apartment-building-proposed-for-victorian-village
-Columbus announced plans to use $2.5 billion to build infrastructure to reduce runoff and pollution issues, including creating water gardens and new parks across the city.
http://www.columbusunderground.com/green-infrastructure-and-neighborhood-pocket-parks-part-of-blueprint-columbus-plan-bw1
-Reeb Elementary on the South Side was announced to be turned into a community center.
http://www.dispatch.com/content/stories/local/2014/03/21/south-side-community-center-gets-go-ahead.html
-New caps, similar to the existing retail cap on High Street over I-670 were announced to be in the works as part of the 70/71 rebuild. The caps would replace the highway bridges on S. High and S. Third between Downtown and German Village.
http://www.columbusunderground.com/caps-planned-for-high-and-third-street-bridges-south-of-downtown-bw1

April
-A vacant 1880s building a 140 N. Grant was announced to be renovated into mixed-use and residential.
http://www.bizjournals.com/columbus/news/2014/04/10/former-inkling-printing-building-on-east-long-to.html
-40 units of affordable housing was proposed for vacant buildings at Long and Front Downtown.
http://www.columbusunderground.com/forums/topic/affordable-housing-development-proposed-at-long-front-downtown
-Plans to renovate the Citizens Building at the southwest corner of Gay and High Downtown were announced, as well as building a new mixed-use building on the northwest corner.
http://www.columbusunderground.com/edwards-communities-contemplates-infill-at-gay-and-high
-Plans were also announced to renovate hundreds of apartments in the Metro West complex behind Westland Mall.
http://www.bizjournals.com/columbus/blog/2014/04/mitt-romney-affiliate-buys-most-of-metro-west.html

May
-The Short North Donatos announced plans to rebuild into a new restaurant with 2nd floor patio and additional spaces for more retail.
http://www.columbusunderground.com/forums/topic/short-north-donatos-demolition-and-new-build
-The Byers Chevrolet site on West Broad Street in Franklinton was purchased by Nationwide Reality for a potential mixed-use project.
http://www.columbusunderground.com/nri-to-redevelop-byers-chevrolet-site-in-franklinton
-Casto announced plans for a 152-unit residential complex overlooking the Scioto River near Hayden Road.
http://www.bizjournals.com/columbus/blog/2014/05/casto-to-build-apartments-overlooking-scioto-river.html
-41 new homes were coming to N. Grant Avenue in Weinland Park.
http://www.bizjournals.com/columbus/blog/2014/05/wagenbrenner-adding-market-rate-homes-in-weinland.html
-A small condo development was proposed for Summit in Italian Village.
http://www.columbusunderground.com/condos-proposed-for-first-and-summit-in-italian-village-bw1
-Children’s Hospital announced plans for 2 new buildings on Livingston Avenue.
http://www.dispatch.com/content/stories/local/2014/05/28/Nationwide-Childrens-Hospital-plans-expansion.html
-The Stoddart Block, a historic residential building, would be renovated into micro apartments.
http://www.columbusunderground.com/forums/topic/stoddart-block-affordable-housing-downtown

Economic News
-Home sales declined in all 3 months of March-May, as demand far outpaced supply.
-The unemployment rate continued to fall to multi-year lows.
http://www.dispatch.com/content/stories/business/2014/05/20/regional-central-ohio-unemployment-falls-april.html
-Columbus was named the 6th most affordable metro in the nation.
http://www.bizjournals.com/columbus/blog/2014/05/ohio-cities-ranked-among-most-affordable-housing.html

Other News
-Columbus’ population was announced to have grown by more than 12,000 people between 2012-2013, and reached a population of 822,553 in 2013.
-Columbus was named one of the top cities for entrepreneurs.
http://www.bizjournals.com/columbus/blog/2014/05/columbus-tops-in-ohio-among-best-cities-for.html
-Columbus was named a top city where people could accomplish their dreams/goals.
http://www.columbusunderground.com/columbus-ranked-6th-on-list-of-american-dream-cities-jb1

October and November 2013 Jobs Data




October 2013

Columbus City
Unemployment Rate: 6.2%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013: -0.6%
Civilian Labor Force: 430,800
Civilian Labor Force Change since October 2012: +1,300
Civilian Labor Force Change since January 2013: +4,400
Employment: 404,000
Employment Change since October 2012: -1,600
Employment Change since January 2013: +6,700
Unemployment: 26,800
Unemployment Change since October 2012: +2,900
Unemployment Change since January 2013: -2,300

Franklin County
Unemployment Rate: 6.2%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013: -0.6%
Civilian Labor Force: 630,000
Civilian Labor Force Change since October 2012: +1,700
Civilian Labor Force Change since January 2013: +6,300
Employment: 590,900
Employment Change since October 2012: -2,400
Employment Change since January 2013: +9,900
Unemployment: 39,200
Unemployment Change since October 2012: +4,200
Unemployment Change since January 2013: -3,400

Columbus Metro Area
Unemployment Rate: 6.1%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013: -0.9%
Civilian Labor Force: 975,506
Civilian Labor Force Change since October 2012: +2,253
Civilian Labor Force Change since January 2013: +7,601
Employment: 915,686
Employment Change since October 2012: -3,699
Employment Change since January 2013: +15,230
Unemployment: 59,820
Unemployment Change since October 2012: +5,952
Unemployment Change since January 2013: -7,629

Ohio Overall
Unemployment Rate: 7.5%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013 : +0.5%
Civilian Labor Force: 5,727,346
Civilian Labor Force Change since October 2012: -2,337
Civilian Labor Force Change since January 2013: -12,946
Employment: 5,300,458
Employment Change since October 2012: -33,230
Employment Change since January 2013: -40,394
Unemployment: 426,888
Unemployment Change since October 2012: +30,893
Unemployment Change since January 2013: +27,448

Metro Non-Farm Jobs
Total: 969,600
Change from October 2012: +9,600
Change from January 2013: +26,000

By Industry
Mining/Logging/Construction Total: 31,800
Change from October 2012: +1,200
Change from January 2013: +4,900

Manufacturing Total: 66,200
Change from October 2012: +700
Change from January 2013: +1,200

Trade/Transportation/Utilities Total: 184,500
Change from October 2012: +1,800
Change from January 2013: +1,300

Information Total: 16,100
Change from October 2012: -300
Change from January 2013: -400

Financial Activities Total: 72,400
Change from October 2012: +1,000
Change from January 2013: +700

Professional and Business Services Total: 161,800
Change from October 2012: +700
Change from January 2013: +6,200

Education and Health Services Total: 141,500
Change from October 2012: +3,500
Change from January 2013: +2,000

Leisure and Hospitality Total: 98,300
Change from October 2012: +3,400
Change from January 2013: +9,800

Other Services Total: 35,800
Change from October 2012: -1,500
Change from January 2013: -400

Government Total: 161,200
Change from October 2012: -900
Change from January 2013: +700

November 2013

Columbus City
Unemployment Rate: 6.1%
Unemployment Rate Change since November 2012: +0.7%
Unemployment Rate Change since January 2013: -0.7%
Civilian Labor Force: 433,700
Civilian Labor Force Change since November 2012: +4,500
Civilian Labor Force Change since January 2013: +7,300
Employment: 407,100
Employment Change since November 2012: +1,000
Employment Change since January 2013: +9,800
Unemployment: 26,600
Unemployment Change since November 2012: +3,500
Unemployment Change since January 2013: -2,500

Franklin County
Unemployment Rate: 6.1%
Unemployment Rate Change since November 2012: +0.7%
Unemployment Rate Change since January 2013: -0.7%
Civilian Labor Force: 634,400
Civilian Labor Force Change since November 2012: +6,800
Civilian Labor Force Change since January 2013: +10,700
Employment: 595,400
Employment Change since November 2012: +1,400
Employment Change since January 2013: +14,400
Unemployment: 39,000
Unemployment Change since November 2012: +5,400
Unemployment Change since January 2013: -3,600

Columbus Metro Area
Unemployment Rate: 6.1%
Unemployment Rate Change since November 2012: +0.8%
Unemployment Rate Change since January 2013: -0.9%
Civilian Labor Force: 981,927
Civilian Labor Force Change since November 2012: +9,454
Civilian Labor Force Change since January 2013: +14,022
Employment: 921,937
Employment Change since November 2012: +1,470
Employment Change since January 2013: +21,481
Unemployment: 59,990
Unemployment Change since November 2012: +7,984
Unemployment Change since January 2013: -7,459

Ohio Overall
Unemployment Rate: 7.4%
Unemployment Rate Change since November 2012: +0.6%
Unemployment Rate Change since January 2013 : +0.4%
Civilian Labor Force: 5,734,909
Civilian Labor Force Change since November 2012: +6,424
Civilian Labor Force Change since January 2013: -5,383
Employment: 5,307,912
Employment Change since November 2012: -30,979
Employment Change since January 2013: -32,940
Unemployment: 426,997
Unemployment Change since November 2012: +37,403
Unemployment Change since January 2013: +27,557

Metro Non-Farm Jobs
Total: 975,000
Change from November 2012: +9,000
Change from January 2013: +31,400

By Industry
Mining/Logging/Construction Total: 32,300
Change from November 2012: +1,900
Change from January 2013: +5,400

Manufacturing Total: 66,000
Change from November 2012: +300
Change from January 2013: +1,000

Trade/Transportation/Utilities Total: 189,200
Change from November 2012: -700
Change from January 2013: +6,000

Information Total: 16,200
Change from November 2012: -300
Change from January 2013: -300

Financial Activities Total: 72,100
Change from November 2012: -500
Change from January 2013: +400

Professional and Business Services Total: 161,800
Change from October 2012: +700
Change from January 2013: +6,200

Education and Health Services Total: 143,700
Change from November 2012: +4,700
Change from January 2013: +4,200

Leisure and Hospitality Total: 95,600
Change from November 2012: +2,700
Change from January 2013: +7,100

Other Services Total: 35,800
Change from November 2012: -800
Change from January 2013: -400

Government Total: 162,600
Change from November 2012: -900
Change from January 2013: +2,100