Connect with us

Markets

Map: Economic Might by U.S. Metro Area

Published

on

Map: Economic Might by U.S. Metro Area

Map: Economic Might by U.S. Metro Area

The U.S. economy is massive on a global scale, and much of the country’s economic capabilities can be traced back to the innovation, knowledge, and productivity that tends to be clustered in urban areas.

The fact is that 80% of Americans live in cities – and the 10 largest metro areas alone combine for a whopping 34% of the country’s total GDP.

The 10 Largest Metro Areas by GDP

Today’s map comes to us from HowMuch.net, and it highlights recent data from the U.S. Bureau of Economic Analysis that estimates the GDP for each U.S. metro area in 2016:

RankMetropolitan Area2016 GDP (Est.)Population
#1New York-Newark-Jersey City, NY-NJ-PA$1.43 trillion20.1 million
#2Los Angeles-Long Beach-Anaheim, CA$885 billion13.3 million
#3Chicago-Naperville-Elgin, IL-IN-WI$569 billion9.5 million
#4Dallas-Fort Worth-Arlington, TX$471 billion7.2 million
#5Washington-Arlington-Alexandria, DC-VA-MD-WV$449 billion6.1 million
#6Houston-The Woodlands-Sugar Land, TX$442 billion6.7 million
#7San Francisco-Oakland-Hayward, CA$406 billion4.7 million
#8Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$381 billion6.1 million
#9Boston-Cambridge-Newton, MA-NH$371 billion4.8 million
#10Atlanta-Sandy Springs-Roswell, GA$320 billion5.8 million
Top 10 Metropolitan Areas$5.7 trillion84.3 million

Note: figures in chained 2009 dollars

Not surprisingly, New York City and its surrounding area is the breadwinner here with an annual economic output of $1.43 trillion – the largest for any city in the United States. Impressively, the GDP of the NYC metro area is even higher than those of most of the world’s countries, including Australia, Mexico, and Spain.

It’s also interesting that some metro areas punch above their weight in relation to their population figures. San Francisco is #7 on the list with a GDP of $406 billion, despite having the lowest population total of all of the top 10. Boston and D.C. can be classified similarly, each with a high economic output per capita.

Trending Up, Trending Down

While they can’t quite compete with cities like New York and Chicago in terms of GDP or population, there are actually 300+ other metro areas in the country.

Here’s a recent snapshot from the BEA of which cities are growing – and which are shrinking in terms of GDP:

U.S. metro areas

The BEA noted that real gross domestic product (GDP) increased in 267 out of 382 metropolitan areas in 2016.

The biggest increase was a tie between Lake Charles, LA and Bend-Redmond, OR, each which had GDP climb by 8.1% from the last year. The city that saw the biggest drop was Odessa, TX, which fell -13.3%.

Click for Comments

Agriculture

The World’s Top Cocoa Producing Countries

Here are the largest cocoa producing countries globally—from Côte d’Ivoire to Brazil—as cocoa prices hit record highs.

Published

on

This tree map graphic shows the world's biggest cocoa producers.

The World’s Top Cocoa Producing Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

West Africa is home to the largest cocoa producing countries worldwide, with 3.9 million tonnes of production in 2022.

In fact, there are about one million farmers in Côte d’Ivoire supplying cocoa to key customers such as Nestlé, Mars, and Hershey. But the massive influence of this industry has led to significant forest loss to plant cocoa trees.

This graphic shows the leading producers of cocoa, based on data from the UN FAO.

Global Hotspots for Cocoa Production

Below, we break down the top cocoa producing countries as of 2022:

Country2022 Production, Tonnes
🇨🇮 Côte d'Ivoire2.2M
🇬🇭 Ghana1.1M
🇮🇩 Indonesia667K
🇪🇨 Ecuador337K
🇨🇲 Cameroon300K
🇳🇬 Nigeria280K
🇧🇷 Brazil274K
🇵🇪 Peru171K
🇩🇴 Dominican Republic76K
🌍 Other386K

With 2.2 million tonnes of cocoa in 2022, Côte d’Ivoire is the world’s largest producer, accounting for a third of the global total.

For many reasons, the cocoa trade in Côte d’Ivoire and Western Africa has been controversial. Often, farmers make about 5% of the retail price of a chocolate bar, and earn $1.20 each day. Adding to this, roughly a third of cocoa farms operate on forests that are meant to be protected.

As the third largest producer, Indonesia produced 667,000 tonnes of cocoa with the U.S., Malaysia, and Singapore as major importers. Overall, small-scale farmers produce 95% of cocoa in the country, but face several challenges such as low pay and unwanted impacts from climate change. Alongside aging trees in the country, these setbacks have led productivity to decline.

In South America, major producers include Ecuador and Brazil. In the early 1900s, Ecuador was the world’s largest cocoa producing country, however shifts in the global marketplace and crop disease led its position to fall. Today, the country is most known for its high-grade single-origin chocolate, with farms seen across the Amazon rainforest.

Altogether, global cocoa production reached 6.5 million tonnes, supported by strong demand. On average, the market has grown 3% annually over the last several decades.

Continue Reading

Subscribe

Popular