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50 Savannah Area Chamber of Commerce 2021 Economic Trends 6 Economy: Gross Regional Product Gross Regional Product (GRP) in Savannah grew $192 million (0.9%) from 2018 to 2019; this puts Savannah in seventh place for growth among Georgia metropolitan areas measured by the U.S. Department of Commerce's Bureau of Economic Analysis. At almost $22 billion, Savannah's GRP is the state's third largest, behind only Atlanta and Augusta. Economic activity generated by Savannah's private sector industries measured over $19.9 billion in 2019 and accounted for 87% of the regional economy in 2019. Growth GDP ($ millions) 2018-2019 Change Rank MSA 2017 2018 2019 1 Albany $ 6,029 $ 6,117 $ 6,383 4.3% 2 Warner Robins $ 7,555 $ 7,794 $ 8,079 3.7% 3 Augusta-Richmond County $ 27,179 $ 27,821 $ 28,479 2.4% 4 Gainesville $ 10,071 $ 10,489 $ 10,680 1.8% 5 Atlanta-Sandy Springs-Alpharetta $ 393,623 $ 410,234 $ 416,446 1.5% 6 Columbus $ 14,693 $ 15,073 $ 15,228 1.0% 7 Savannah $ 21,002 $ 21,689 $ 21,881 0.9% 8 Macon-Bibb County $ 11,351 $ 11,795 $ 11,744 -0.04% 9 Dalton $ 7,209 $ 7,161 $ 7,112 -0.07% 10 Athens-Clarke County $ 10,017 $ 10,423 $ 10,249 -1.7% Source: BEA.gov Table (CAGDP9). All data is in 2019 inflation adjusted dollars. 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 approximately 19% of the region's total output. Source: Bureau of Economic Analysis, U.S. Department of Commerce, Gross Domestic Product by Metropolitan Area, Table CAGDP9. Inflation adjusted 2012 dollars. "Wholesale Trade" and "Transportation and Utilities" are suppressed to avoid the disclosure of confidential information. 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.