Total Gross Domestic Product for Houston-The Woodlands-Sugar Land, TX (MSA): 490074 Mil. of $ as of 01-01-2017

The All industry total includes all Private industries and Government. Gross domestic product (GDP) by metropolitan area is the measure of the market value of all final goods and services produced within a metropolitan area in a particular period of time. In concept, an industry's GDP by metropolitan area, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). GDP by metropolitan area is the metropolitan area counterpart of the nation's, BEA's featured measure of U.S. production. For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm.

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Stats

Last Value 490074 Mil. of $
Latest Period 2017-01-01
Last Updated 2018-09-18 08:31:02-05
Frequency A
Average Growth Rate 5.19
Long Term Average 381812
Value from 1 Year Ago 472331
Change from 1 Year Ago 3.76
Unit Mil. of $
Adjustment Mil. of $

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