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Paul Overberg presents "Gross Domestic Product" during a Reynolds Center workshop, "Mining the Census for Local Business Stories."For more information, please visit businessjournalism.org.
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Steve Doig, Arizona State
Paul Overberg, USA TODAY
Philadelphia
Jan. 31, 2011
A Metro-level Look at GDP
What is GDP?
Where metro GDP data comes from
Strengths and weaknesses
Quick tour
Outline
Metros = 80% of population
City of 50,000+ and adjacent counties with significant daily ties
GDP: Gross domestic product
All goods and services of a region
Metro GDP
Input-output accounts by industry
Economic Census, annual updates
Regional economic model (RIMSII)
Source of data
Source of data Input-output tables
Regional economic model (RIMS II)
Developed in 1981
Combines I-O data and industrial concentrations for each area
Handout
Source of data
Fairly local
National comparability
Comprehensive but also specific
Ease of use: Graphical, interactive, inflation-adjusted
Strengths
Publication lag
2009 data: Feb. 23!
2009 by state: Nov. 2010
Data covers just 2001-current
Weaknesses
Questions?
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