Monday, February 25, 2013

Pittsburgh makes - the world takes

Apologies to Trenton on the title.  Missed this on Friday...  The Bureau of Economic Analysis has new GDP data for the metro region out.  For those who like to quote numbers, the Pittsburgh region's gross domestic product (which is a measure of value added) is estimated to have been $117.8 billion in 2011.  An increase of 4.8% over the previous year which is a pretty good showing relative to rest of the nation.

So dark blue is good in the BEA's national map:

5 Comments:

Anonymous BrianTH said...

It is not really news to those of us who have been paying attention, but Western PA is really carrying the whole state these days when it comes to recovering from the Great Recession. And no, it is not just Marcellus (it is not even majority Marcellus).

I wonder when, if ever, this will translate into this side of the state getting a lot more assertive in terms of state budget fights (e.g., the state letting passenger rail die on this side of the state through chronic underinvestment). It seems to me there is still a sentiment, common even over here, that we are playing the East Germany, when the opposite is increasingly true.

Tuesday, February 26, 2013 11:35:00 AM  
Anonymous Anonymous said...

Good call. I've been pounding that drum for awhile. Looking at Pittsburgh vs. Philadelphia in GDP growth, employment, hell, almost any economic metric, and you'll see the only reason they hold the reins is because of population.

So while Corbett certainly has a wide range of detractors, I think there's a lot of resentment that this region gets shafted on things as simple as transit funding when we're kicking ass in the economic department.

Tuesday, February 26, 2013 11:40:00 AM  
Anonymous BrianTH said...

Oh, and the exhaustion of the PA film tax credit would be another pressing example of where we could perhaps be more assertive about the state not killing the goose that is laying the golden eggs.

Tuesday, February 26, 2013 11:41:00 AM  
Anonymous BrianTH said...

So I pulled up percent change in per capita real GDP. Unless I missed something, Pittsburgh at 2.33% was #4 among large metros, after San Jose (6.33%), Portland (5.07%), and Detroit (3.6%). Cleveland was 1.85%, and Philly 0.63%. US Metropolitan portion overall was 0.72%.

Tuesday, February 26, 2013 12:11:00 PM  
Anonymous BrianTH said...

That The Sentinel editorial Chris tweeted about is a frustratingly good example of the sort of Eastern PA-centric thinking we should be refusing to accept.

Thursday, February 28, 2013 8:48:00 AM  

Post a Comment

Links to this post:

Create a Link

<< Home