Savannah Chamber

28 7 Savannah Area Chamber of Commerce 2024 Economic Trends Economy: Gross Domestic Product Gross Domestic Product (GDP) in Savannah increased over $1 billion (+3.6%) from 2021 to 2022 as the economy continued its rebound from the pandemic recession of 2020. Savannah's regional economy expanded at one of the fastest paces (+3.6%) among the metro regions in the state. At $29 billion, Savannah's economic output (GDP) is the state's third largest, behind only Atlanta and Augusta. Source: BEA.gov Table (CAGDP9). All data are in 2022 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. Economic activity generated by Savannah's private sector industries measured $26.2 billion in 2022 and accounted for 89% of the regional economy in 2022. Savannah's exceptionally high value-adding production in manufacturing represents approximately 17.6% of the region's total output. Source: Bureau of Economic Analysis, U.S. Department of Commerce, Gross Domestic Product by Metropolitan Area, Table CAGDP2. Inflation adjusted 2022 dollars. "Wholesale Trade" and "Transportation and Utilities" are suppressed to avoid the disclosure of confidential information. GDP is the measure of the market value of final goods and services produced within a metropolitan area in a particular period of time. It is the most comprehensive measure of economic activity provided by the Bureau of Economic Analysis of the U.S. Department of Commerce. GDP ($ millions) Growth Rank MSA 2020 2021 2022 2021-2022 Change 1 Gainesville $13,648.3 $14,291.8 $15,218.5 6.5% 2 Savannah $25,560.7 $27,854.1 $28,857.1 3.6% 3 Dalton $7,856.0 $8,285.9 $8,560.4 3.3% 4 Atlanta-Sandy $488,512.4 $521,138.4 $536,313.6 2.9% 5 Athens-Clarke $11,574.5 $12,208.0 $12,489.8 2.3% 6 Warner Robins $9,410.5 $9,758.5 $9,900.3 1.5% 7 Augusta-Richmond $32,703.8 $33,286.4 $33,448.1 0.5% 8 Albany $6,828.7 $7,147.9 $7,180.6 0.5% 9 Macon-Bibb County $11,934.0 $12,620.1 $12,630.6 0.1% 10 Colombus $17,331.6 $17,572.4 $17,022.8 -3.1%

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