Detroit metro area - GDP 2001-2017
GDP of the Detroit metro area from 2001 to 2017 (in billion U.S. dollars)
by Erin Duffin,
last edited
Apr 29, 2019
This graph shows the GDP of the Detroit metro area from 2001 to 2017. In 2017, Detroit’s GDP amounted to 260.61 billion U.S. dollars.
Gross domestic product of the Detroit metro area
The Bureau of Economic analysis reported Detroit’s GDP from 2001 to 2016. Over that fifteen year span, GDP rose from 190.92 billion U.S. dollars in 2001 to 252.69 billion U.S. dollars in 2016, dipping in 2009 to 186.18 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 2015, Detroit had a resident population of roughly 677,000 people, ranking 21st 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 2015, with 1,760 crimes per 100,000 residents.
GDP of the Detroit metro area from 2001 to 2017 (in billion U.S. dollars)
Loading statistic...
| GDP in billion U.S. dollars | |
|---|---|
| 2017* | 260.61 |
| 2016 | 250.43 |
| 2015 | 242.3 |
| 2014 | 229.35 |
| 2013 | 220.28 |
| 2012 | 215.61 |
| 2011 | 206.17 |
| 2010 | 197.97 |
| 2009 | 186.18 |
| 2008 | 201.76 |
| 2007 | 212.69 |
| 2006 | 209.49 |
| 2005 | 212.05 |
| 2004 | 204.41 |
| 2003 | 202.86 |
| 2002 | 196.3 |
| 2001 | 190.92 |
| GDP in billion U.S. dollars | |
|---|---|
| 2017* | 260.61 |
| 2016 | 250.43 |
| 2015 | 242.3 |
| 2014 | 229.35 |
| 2013 | 220.28 |
| 2012 | 215.61 |
| 2011 | 206.17 |
| 2010 | 197.97 |
| 2009 | 186.18 |
| 2008 | 201.76 |
| 2007 | 212.69 |
| 2006 | 209.49 |
| 2005 | 212.05 |
| 2004 | 204.41 |
| 2003 | 202.86 |
| 2002 | 196.3 |
| 2001 | 190.92 |
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by Erin Duffin,
last edited
Apr 29, 2019
This graph shows the GDP of the Detroit metro area from 2001 to 2017. In 2017, Detroit’s GDP amounted to 260.61 billion U.S. dollars.
Gross domestic product of the Detroit metro area
The Bureau of Economic analysis reported Detroit’s GDP from 2001 to 2016. Over that fifteen year span, GDP rose from 190.92 billion U.S. dollars in 2001 to 252.69 billion U.S. dollars in 2016, dipping in 2009 to 186.18 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 2015, Detroit had a resident population of roughly 677,000 people, ranking 21st 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 2015, with 1,760 crimes per 100,000 residents.
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- Release date
- September 2018
- Region
- United States
- Survey time period
- 2001 to 2017
- Supplementary notes
-
The Detroit metropolitan area, often referred to as Metro Detroit, is the metropolitan area located in Southeast Michigan centered on the city of Detroit which shares an international border with Windsor, Ontario. The United States Office of Management and Budget defines the Detroit–Warren–Livonia Metropolitan Statistical Area (MSA) as the six counties of Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne. As of the 2000 census, the MSA had a population of 4,441,551. The Census Bureau's 2009 estimate placed the population at 4,403,437, which ranks it as the eleventh-largest MSA.The MSA covers an area of 3,913 square miles (10,130 km2).
*Preliminary
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- Release date
- September 2018
More information
- Region
- United States
- Survey time period
- 2001 to 2017
- Supplementary notes
-
The Detroit metropolitan area, often referred to as Metro Detroit, is the metropolitan area located in Southeast Michigan centered on the city of Detroit which shares an international border with Windsor, Ontario. The United States Office of Management and Budget defines the Detroit–Warren–Livonia Metropolitan Statistical Area (MSA) as the six counties of Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne. As of the 2000 census, the MSA had a population of 4,441,551. The Census Bureau's 2009 estimate placed the population at 4,403,437, which ranks it as the eleventh-largest MSA.The MSA covers an area of 3,913 square miles (10,130 km2).
*Preliminary
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