Five Virginia metro areas showed economic growth in 2009

  •  | 
Print this page

Five Virginia metro areas showed economic growth in 2009

Five metro areas in Virginia — Northern Virginia, Hampton Roads, Charlottesville, Harrisonburg and Winchester — were among the few in the country that saw their local economies grow in 2009.

The U.S. Commerce Department’s Bureau of Economic Analysis said Wednesday that only 20 percent of 366 metropolitan statistical areas (MSAs) showed growth in their real gross domestic product (GDP) in 2009. GDP is the total value of goods and services produced in the area.

Overall, GDP in U.S. metro areas was down 2.4 percent in constant dollars in 2009, compared with a decline of 0.4 percent in 2008.

The GDP of the Washington, D.C., area, including Northern Virginia, rose 2.2 percent in 2009. In Hampton Roads (including Virginia Beach, Norfolk and Newport News), the increase was 1.7 percent.  GDP rose 1.2 percent in the Charlottesville area, 2.8 percent in the Harrisonburg area and 0.4 percent in the Winchester region, which includes parts of West Virginia. 

The Washington area had a total GDP of $407.5 billion in 2009, a figure that ranked fourth in the nation behind the New York City, Los Angeles and Chicago metro areas.  The Hampton Roads GDP of $79.6 billion ranked 35th. Charlottesville’s GDP of $9.09 billion ranked No. 184.  Harrisonburg’s $5.63 billion GDP was 243rd while Winchester’s total of $4.67 billion was 279th.

Besides the five Virginia MSAs with growing local economies, the Lynchburg area GDP showed virtually no change, $8.28 billion, down only $7 million from 2008. That total ranked 196th among the MSAs.

Around the rest of the state, the local GDP was:
• Bristol, Va., area (including Bristol and Kingsport, Tenn.), $9.14 billion, down 1.9 percent, ranked 183rd.
• Danville area, $2.77 billion, down 1.4 percent, ranked 358th.
• Richmond area, $61.45 billion, down 0.2 percent, ranked 45th
• Roanoke area, $12.88 billion, down 0.9 percent, ranked 145th.

Reader Comments

comments powered by Disqus

showhide shortcuts