Detroit metro area - GDP 2001-2021

In 2021, the Detroit metro area GDP amounted to 241.6 billion U.S. dollars, an increase from the previous year.

Detroit's GDP

Between 2001 and 2021, the GDP of the Detroit-Warren-Dearborn metro area rose from 220.10 billion U.S. dollars in 2001 to 241.6 billion U.S. dollars in 2021, 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. In 2021, the Detroit metro area had a population of around 4.36 million inhabitants.

City of Detroit

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. In 2019, Detroit had a resident population of roughly 670,030 people, ranking 24th on the list of largest U.S. cities, but has since fallen off the list of the 25 most populous cities in the U.S. 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.