Boston ranks as 9th-largest economy in U.S.
Posted on Mon, Sep 28, 2009 @ 08:37 AM
Source: Boston Business Journal
Boston and New York may be equals when it comes to fielding strong
athletic teams, but their economies are worlds apart. Boston's economic
output is valued at roughly $300 billion — good enough to rank ninth
overall in the United States. But tops on that list is New York City,
the only U.S. metropolitan area with a trillion-dollar economy,
according to the U.S. Bureau of Economic Analysis. The New York City area's gross metropolitan product (GMP) was $1.26 trillion last year — four times that of Boston's. GMP measures the total output of the annual goods and services within a given metropolitan area. Other Massachusetts metros to make the list included Worcester ($28.4 billion) and Springfield ($22.3 billion).(More)