US Gross Regional Product

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Ready to use this data? See the Core LMI reference documentation to get started.

Description

Gross Regional Product is simply GDP for a smaller area: state, county, group of counties, etc. This dataset provides dollar amounts for the components that make up Gross Regional Product. GRP is the sum of earnings, taxes and profits, less subsidies:

GRP = earnings + taxes + profits - subsidies

These make up the 'component' dimension of this dataset. The data is available by industry for the nation, states, MSAs, and counties, for years 2007 through the most current industry year.

When requesting an MSA code as the area constraint in a query, the code must be prepended by MSA (e.g. for MSA code 10540, use 'MSA10540').

All Emsi GRP data is presented in real dollars, i.e. 2009 GRP figures are presented in 2009 dollars and are not modified to be equivalent to the current dollar.

This dataset contains one additional 'industry', comprised of Government Federal Enterprises, Government State and Local Enterprises, and Owner-Occupied Dwellings (989999). This sector contributes to the GRP of a region alongside NAICS industries and is therefore included in the GRP dataset. To read more about this sector, visit https://kb.economicmodeling.com/glossary/other-vectors-i-o/.

Use Cases

Questions answered by this dataset:

• What was Alaska's GRP in 2012?
• What is the most heavily subsidized industry in the United States?
• What is the total earnings figure for the Computer Systems Design Services industry in King County, Washington (Seattle)?

Metrics

• Dollars: Total value of all goods and services produced in the region.

Filters

• Component
• Area (Nation, State, MSA, County)
• Industry (2 to 6-digit NAICS)
• Year

Core LMI Metadata