Issue link: http://savannah.uberflip.com/i/629640
26 Savannah Area Chamber of Commerce 2016 Economic Trends 6 Economy: Gross Regional Product Gross Regional Product (GRP) in Savannah grew $522 million (3.7%) from 2013 to 2014; which puts Savannah in first place for growth among the Georgia metropolitan areas measured by the Department of Commerce's Bureau of Economic Analysis. At over $14.4 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 $12.2 billion in 2014 and accounted for 85% of the regional economy in 2014. Growth GDP ($ millions) 2013-2014 Change Rank MSA 2012 2013 2014 1 Savannah $ 13,712 $ 13,923 $ 14,445 3.7% 2 Atlanta-Sandy Springs-Roswell $ 282,694 $ 289,339 $ 298,146 3.0% 3 Dalton $ 5,070 $ 5,157 $ 5,305 2.9% 4 Gainesville $ 6,864 $ 7,177 $ 7,327 2.1% 5 Athens- Clarke County $ 6,755 $ 6,794 $ 6,929 2.0% 6 Macon $ 7,836 $ 8,043 $ 8,190 1.8% 7 Columbus $ 12,379 $ 12,479 $ 12,515 0.3% 8 Augusta-Richmond County $ 19,644 $ 19,455 $ 19,495 0.2% 9 Albany $ 4,778 $ 4,744 $ 4,677 -1.4% 10 Warner Robins $ 6,349 $ 6,218 $ 6,114 -1.7% Source: Bureau of Economic Analysis, U.S. Department of Commerce, Gross Domestic Product by Metropolitan Area. (http://www.bea.gov/iTable/index_regional.cfm/ verified on 10/20/2015) 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. 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 10/20/2015) 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 Retail Trade Professional and Business Services Manufacturing Leisure and Hospitality InformaBon Government Financial AcBviBes EducaBon and Health Services ConstrucBon Healthy Instustry Mix Drives Savannah's Robust Economy 2014 GDP ($ millions)