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The region's gross domestic product grew last year, but its rank among the nation's metro areas remained the same. The Lehigh Valley's nominal GDP, the total economic output based on current price levels and currency values, increased to $35.4 billion in 2014, up about $1.1 billion from the previous year, according to an analysis released Tuesday by the Lehigh Valley Economic Development Corp. The LVEDC used figures from the U.S. Commerce Department's Bureau of Economic Analysis in its report. That ranks 75th out of the 381 largest metropolitan areas in the United States, unchanged from the Lehigh Valley's position in 2013. Out of the 19 major regions in Pennsylvania, the Lehigh Valley's 3.12 percent increase in GDP from 2013 to 2014 only trailed Centre and Lycoming counties, rural counties within the Marcellus Shale region that each saw 3.87 percent growth, according to the LVEDC analysis. Read more here.
The region's gross domestic product grew last year, but its rank among the nation's metro areas remained the same.
The Lehigh Valley's nominal GDP, the total economic output based on current price levels and currency values, increased to $35.4 billion in 2014, up about $1.1 billion from the previous year, according to an analysis released Tuesday by the Lehigh Valley Economic Development Corp. The LVEDC used figures from the U.S. Commerce Department's Bureau of Economic Analysis in its report.
That ranks 75th out of the 381 largest metropolitan areas in the United States, unchanged from the Lehigh Valley's position in 2013.
Out of the 19 major regions in Pennsylvania, the Lehigh Valley's 3.12 percent increase in GDP from 2013 to 2014 only trailed Centre and Lycoming counties, rural counties within the Marcellus Shale region that each saw 3.87 percent growth, according to the LVEDC analysis. Read more here.