(click to enlarge)
With Silicon Valley and Hollywood in the deck, you’d hope California’s GDP would be more fun. But then you look and the largest industry is Real Estate and Renting and Leasing, i.e. paying to occupy existing structures. … I guess we have a very loose definition of economic output.
(You can switch Label and Color to get the second graph, but it’s nice to have them both going at once.)
For a refresher on economic sectors, check out the posts from 00019 – NAICS.
“BEA’s economic areas define the relevant regional markets surrounding metropolitan or micropolitan statistical areas. They consist of one or more economic nodes – metropolitan or micropolitan statistical areas that serve as regional centers of economic activity – and the surrounding counties that are economically related to the nodes.”
Annual income data by area for 1979-2008 can be found through the BEA’s interactive Bearfacts map.
[Map via Bureau of Economic Analysis]