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Home News | Blog Kern GMP Growth Continues

Kern GMP Growth Continues

Published by David Lyman on VisitBakersfield.com on September 18, 2014.

Excerpted from Buffalo Business First, September 17, 2014.

Kern County wields more than $39 billion in economic clout, according to new figures released Tuesday morning by the U.S. Bureau of Economic Analysis (BEA).

The gross metropolitan product (GMP) of Kern County is $39.7 billion.  GMP measures the total annual output of all goods and services within a given area. 

Kern is ranked 66th out of all 381 U.S. metropolitan areas.  Its three-year GMP growth rate was 18.58%.

Among California Central Valley metros, Kern ranked second, topped only by Sacramento at $108 billion (32nd nationally and three-year growth rate of 12.89%).  Fresno was third at $37 million (60th nationally, 17.21% three-year growth rate).  The latest figures in the new BEA report are for 2013. 

BEA data on all California metros are below: the Bakersfield metro area includes all of Kern County.

 

Metro

GMP (2010)

GMP (2013)

2013 rank

3-year change

Los Angeles-Long Beach-Anaheim, CA

$757,003,000,000

$826,826,000,000

2

9.22%

San Francisco-Oakland-Hayward, CA

$334,610,000,000

$388,272,000,000

7

16.04%

San Diego-Carlsbad, CA

$175,201,000,000

$197,886,000,000

16

12.95%

San Jose-Sunnyvale-Santa Clara, CA

$165,201,000,000

$196,829,000,000

17

19.15%

Riverside-San Bernardino-Ontario, CA

$113,648,000,000

$126,761,000,000

24

11.54%

Sacramento--Roseville--Arden-Arcade, CA

$95,816,000,000

$108,165,000,000

32

12.89%

Oxnard-Thousand Oaks-Ventura, CA

$39,806,000,000

$46,074,000,000

59

15.75%

Bakersfield, CA

$33,481,000,000

$39,702,000,000

66

18.58%

Fresno, CA

$31,606,000,000

$37,045,000,000

70

17.21%

Santa Maria-Santa Barbara, CA

$20,239,000,000

$23,695,000,000

98

17.08%

Stockton-Lodi, CA

$20,215,000,000

$22,470,000,000

104

11.16%

Santa Rosa, CA

$20,128,000,000

$21,880,000,000

106

8.70%

Salinas, CA

$18,132,000,000

$20,299,000,000

115

11.95%

Modesto, CA

$15,758,000,000

$18,063,000,000

124

14.63%

Vallejo-Fairfield, CA

$15,071,000,000

$16,281,000,000

135

8.03%

Visalia-Porterville, CA

$11,762,000,000

$14,227,000,000

149

20.96%

San Luis Obispo-Paso Robles-Arroyo Grande, CA

$11,062,000,000

$12,396,000,000

169

12.06%

Santa Cruz-Watsonville, CA

$9,438,000,000

$10,901,000,000

183

15.50%

Napa, CA

$7,013,000,000

$8,054,000,000

215

14.84%

Merced, CA

$6,134,000,000

$7,566,000,000

220

23.35%

Chico, CA

$6,235,000,000

$6,861,000,000

238

10.04%

El Centro, CA

$4,813,000,000

$5,643,000,000

271

17.24%

Yuba City, CA

$4,806,000,000

$5,475,000,000

282

13.92%

Hanford-Corcoran, CA

$4,482,000,000

$5,445,000,000

284

21.49%

Redding, CA

$5,024,000,000

$5,310,000,000

289

5.69%

Madera, CA

$3,812,000,000

$5,160,000,000

300

 

         35.36%
 
 
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