Issue link: http://savannah.uberflip.com/i/1079136
51 Savannah Area Chamber of Commerce 2019 Economic Trends 6 Economy: Gross Regional Product Gross Regional Product (GRP) in Savannah grew $549 million (3.6%) from 2016 to 2017; which puts Savannah in third place for growth among the Georgia metropolitan areas measured by the U.S. Department of Commerce's Bureau of Economic Analysis. At over $15 billion, Savannah's GRP remains the state's third largest, behind only Atlanta and Augusta. Economic activity generated by Savannah's private sector industries measured nearly $13.4 billion in 2017 and accounted for 85% of the regional economy in 2017. Growth GDP ($ millions) 2016-2017 Change Rank MSA 2015 2016 2017 1 Athens- Clarke County $ 7,440 $ 8,088 $ 8,482 4.9% 2 Gainesville $ 7,620 $ 7,880 $ 8,253 4.7% 3 Savannah $ 14,963 $ 15,103 $ 15,652 3.6% 4 Atlanta- Sandy Springs- Roswell $ 311,373 $ 324,971 $ 334,488 2.9% 5 Albany $ 4,515 $ 4,582 $ 4,664 1.8% 6 Augusta- Richmond County $ 20,628 $ 20,785 $ 20,911 0.6% 7 Columbus $ 12,114 $ 11,527 $ 11,596 0.6% 8 Dalton $ 5,581 $ 5845 $ 5,870 0.4% 9 Macon $ 8,372 $ 8,400 $ 8,457 0.3% 10 Warner Robins $ 6,041 $ 6,103 $ 6,106 0.0% Source: Bureau of Economic Analysis, U.S. Department of Commerce, Inflation adjusted Gross Domestic Product by Metropolitan Area. (http://www.bea.gov/iTable/index_regional.cfm/ verified on 11/29/2018) A diverse mix of industries, busy ports and strategically networked transportation, logistics, energy and communications infrastructures create a business climate in Savannah that is unmatched in many larger cities. Savannah's exceptionally high value-adding production in manufacturing represents nearly 21% of the region's total output. Source: Bureau of Economic Analysis, U.S. Department of Commerce, Gross Domestic Product by Metropolitan Area "Wholesale Trade" and "Transportation and Utilities" are suppressed to avoid the disclosure of confidential information. (http://www.bea.gov/iTable/index_regional.cfm/ verified on 11/30/2018) GRP is the measure of the market value of final goods and services produced within a metropolitan area in a particular period of time. It is the most comprehensive measure of economic activity provided by the Bureau of Economic Analysis of the U.S. Department of Commerce. 0 500 1000 1500 2000 2500 3000 3500 4000 Retail Trade Manufacturing Information Financial Activities Construction Healthy Industry Mix Drives Savannah's Robust Economy 2017 GDP ($ millions)