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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

September 24, 2009 at 1:05 PM

Metro Seattle output continued to grow despite great recession

Federal data released today show that metro Seattle’s gross domestic product continued to grow from 2007 to 2008 as the great recession tightened its grip.

Seattle-Tacoma-Bellvue output rose to $218 billion in 2008 vs. $210 billion in 2007. It’s the 12th largest metro GDP in the nation. The data also show Seattle continues to punch above its weight class. For example, the somewhat more populous metro Phoenix area ranked No. 15th nationally.

Real GDP declined in 111 out of 366 metros in 2008. The worst damage came in the housing-dependent Sun Belt and the manufacturing Midwest. Portland, ranked 24th, turned in $112.4 billion, vs. $109 billion in 2007. The San Jose area, No. 8 nationally, turned in the best per-capita GDP performance, almost twice the national average.

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