Balanced, Diversified, & Growing
The Lehigh Valley’s gross domestic product (GDP) has risen to record levels for 2015, reaching a record-high of $37 billion, with impressive growth in manufacturing, which is now the region’s largest economic sector.
The Lehigh Valley GDP of $37 billion is higher than that of the entire state of Vermont and of 97 other countries in the world.
Lehigh Valley ranks 73rd out of the 382 largest metropolitan statistical areas in the United States. In addition to strong overall growth, the Lehigh Valley’s GDP grew in every measurable sub-category from 2014 to 2015, including:
- Manufacturing (4.1%)
- Transportation and warehousing (4.7%)
- Finance, insurance, and real estate (6.2%)
- Professional and business services (6.6%)
- Health care, educational services, and social assistance (2.6%)
- Arts, entertainment, accommodation, and food services (0.6%)
The Lehigh Valley is particularly noteworthy for its unusually balanced and multi-faceted economy. Far from depending on a single industry, the top four sub-sectors of the regional GDP are all extremely close to one another, which ultimately means a healthier and more vibrant regional economy.
The Lehigh Valley has the most balanced and diversified economy in the entire state of Pennsylvania.