Monday, May 16, 2011

Jacksonville No. 47 for economic clout

America’s 100 largest metropolitan areas wield more economic clout than any other nation in the world, and Jacksonville ranks as the No. 47 U.S. market.

The gross metropolitan product of the top 100 markets equals $10.56 trillion, according to a study of U.S. Bureau of Economic Analysis data by The Business Journals, the online arm of Jacksonville Business Journal’s parent company, American City Business Journals Inc.

That’s roughly twice the economic power of the most powerful foreign country.

The New York City area is the national leader, with GMP of $1.21 trillion. Next are Los Angeles at $731 billion and Chicago at $509 billion.

The metro Jacksonville area's GMP is $58.3 billion. Other Florida cities and their rankings include Miami, No. 11 with $252.65 billion; Tampa, No. 23 with $111.37 billion; and Orlando, No. 28 with $100.7 billion.

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