Collectively, real GDP for U. S. metropolitan areas increased 2.3 percent in 2014 after increasing 1.9 percent in 2013, according to the Bureau of Economic Analysis.
Real GDP increased in 282 of the nation's 381 metropolitan areas in 2014, led by growth in professional and business services, wholesale and retail trade, and finance, insurance, real estate, rental and leasing. Natural resources and mining also remained a strong contributor to growth in several metropolitan areas.
Wholesale and retail trade contributed 0.34 percentage point to U.S. metropolitan area real GDP growth in 2014. Professional and business services contributed 0.61 percentage point while finance, insurance, real estate, rental, and leasing contributed 0.34 percentage point.
The government sector subtracted 0.01 percentage point from U.S. metropolitan area real GDP growth in 2014.
