Cincinnati is now the 28th largest metropolitan economy in the United States, jumping up two positions from 2015, according to a report on 2016 Metropolitan GDP released last week by the Bureau of Economic Analysis.
In 2015 the Cincinnati MSA, which includes communities in northern Kentucky and Southeast Indiana, generated a gross GDP dollar value of $113.2 billion, making it the 30th largest MSA in the country, just behind Kansas City and Cleveland. In 2016, Cincinnati’s GDP grew by 2.5% to $116 billion, surging past both Kansas City and Cleveland, which saw growth rates of 1% and 0.6%, respectively. Cincinnati’s growth gives it a decisive lead as Ohio’s largest economy and one of the largest and fastest-growing economies in the Midwest.
Here’s how Cincinnati’s growth compares to the 25th through 31st largest Metro Areas by GDP:
Among the 382 Metro Areas included in the BEA’s report, Cincinnati’s growth rate of 2.5% makes it the 106th fastest-growing, while among the top 100 MSAs by population Cincinnati was the 37th fastest-growing in 2016, just behind Honolulu and ahead of Columbus.
Growth in non-durable goods manufacturing contributed the most to Cincinnati’s GDP growth, with construction, trade, and information technology also seeing strong growth. Government’s contribution to the economy declined.
Here are the complete 2016 GDP rankings for the top 100 US Metro Areas: