Issue link: http://savannah.uberflip.com/i/939381
30 Savannah Area Chamber of Commerce 2018 Economic Trends 6 Economy: Gross Regional Product Gross Regional Product (GRP) in Savannah grew $193 million (1.3%) from 2015 to 2016; which puts Savannah in fifth 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 $13 billion in 2016 and accounted for 86% of the regional economy in 2016. Growth GDP ($ millions) 2015-2016 Change Rank MSA 2014 2015 2016 1 Atlanta- Sandy Springs- Roswell $ 299,881 $ 308,761 $ 320,171 3.7% 2 Athens- Clarke County $ 6,928 $ 7,315 $ 7,565 3.4% 3 Dalton $ 5,296 $ 5,322 $ 5,448 2.4% 4 Gainesville $ 7,116 $ 7,503 $ 7,663 2.1% 5 Savannah $ 14,644 $ 14,980 $ 15,173 1.3% 6 Augusta- Richmond County $ 19,949 $ 20,267 $ 20,404 0.7% 7 Warner Robins $ 6,066 $ 5,975 $ 5,963 -0.2% 8 Macon $ 8,383 $ 8,403 $ 8,309 -1.1% 9 Albany $ 4,655 $ 4488 $ 4,426 -1.4% 10 Columbus $ 12,225 $ 12,077 $ 11,865 -1.8% 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 9/20/2017) 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 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 9/20/2017) 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 Information Government Financial Activities Education and Health Services Construction Healthy Instustry Mix Drives Savannah's Robust Economy 2016 GDP ($ millions)