Issue link: http://savannah.uberflip.com/i/1531156
35 7 Savannah Area Chamber of Commerce 2025 Economic Trends Economy: Gross Domestic Product Gross Domestic Product (GDP) in Savannah increased over $1.4 billion (+4.9%) from 2022 to 2023. Savannah's regional economy expanded at the fastest pace (+4.9%) among the state's metro regions. At $31.4 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 2023 chained (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 $29.1 billion in 2023 and accounted for 90% of the regional economy in 2023. Savannah's exceptionally high value-adding production in manufacturing represents approximately 18.5% of the region's total output. Source: Bureau of Economic Analysis, U.S. Department of Commerce, Gross Domestic Product by Metropolitan Area, Table CAGDP2. Reported in 2023 current year dollars. "Wholesale Trade" is suppressed to avoid the disclosure of confidential information. GDP ($ millions) Growth Rank MSA 2021 2022 2023 2022-2023 Change 1 Savannah 29,165 29,918 31,377 4.9 2 Columbus 18,292 17,873 18,337 2.6 3 Atlanta-Sandy Springs 542,265 563,337 575,118 2.1 4 Augusta-Richmond 34,881 35,281 35,873 1.7 5 Athens-Clarke 12,658 13,223 13,425 1.5 6 Gainesville 14,786 15,870 16,092 1.4 7 Warner Robins 10,120 10,321 10,426 1.0 8 Albany 7,350 7,464 7,536 1.0 9 Dalton 8,744 9,081 9,106 0.3 10 Macon-Bibb County 13,089 13,231 13,070 -1.2 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.