Detroit metro area - GDP 2001-2020
This graph shows the GDP of the Detroit metro area from 2001 to 2020. In 2020, Detroit’s GDP amounted to 220.77 billion U.S. dollars.
Gross domestic product of the Detroit metro area
The Bureau of Economic analysis reported Detroit’s GDP from 2001 to 2020. Over that 19 year span, GDP rose from 220.10 billion U.S. dollars in 2001 to 220.77 billion U.S. dollars in 2020, dipping in 2009 to 187.25 billion U.S. dollars. Despite a rise in GDP, the city of Detroit filed for bankruptcy in July 2013 with debts of approximately 18 billion U.S. dollars. Detroit was the largest municipality to file for bankruptcy since 1953. Second largest was Jefferson County, Alabama, which filed in 2011 with debts of approximately 4.2 billion U.S. dollars.
Detroit was once a major production hub of the American automobile industry, but has since suffered decline as car manufacturers faced international competition and automobile production was moved out of the city. As a result, workers left Detroit and the population fell from a peak of 1,850,000 in 1950. As of 2019, Detroit had a resident population of roughly 670,030 people, ranking 24th on the list of largest U.S. cities. Poverty remains a problem for the city and many buildings remain empty and derelict. Crime rates also indicate the extent of Detroit’s decline. Detroit was the second most dangerous city in America in 2020, with 2,178.54 crimes per 100,000 residents.
Gross domestic product of the Detroit metro area
The Bureau of Economic analysis reported Detroit’s GDP from 2001 to 2020. Over that 19 year span, GDP rose from 220.10 billion U.S. dollars in 2001 to 220.77 billion U.S. dollars in 2020, dipping in 2009 to 187.25 billion U.S. dollars. Despite a rise in GDP, the city of Detroit filed for bankruptcy in July 2013 with debts of approximately 18 billion U.S. dollars. Detroit was the largest municipality to file for bankruptcy since 1953. Second largest was Jefferson County, Alabama, which filed in 2011 with debts of approximately 4.2 billion U.S. dollars.
Detroit was once a major production hub of the American automobile industry, but has since suffered decline as car manufacturers faced international competition and automobile production was moved out of the city. As a result, workers left Detroit and the population fell from a peak of 1,850,000 in 1950. As of 2019, Detroit had a resident population of roughly 670,030 people, ranking 24th on the list of largest U.S. cities. Poverty remains a problem for the city and many buildings remain empty and derelict. Crime rates also indicate the extent of Detroit’s decline. Detroit was the second most dangerous city in America in 2020, with 2,178.54 crimes per 100,000 residents.
