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.

LV-Economy
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Lehigh ValleyQuick Facts

  • Industry Spotlight

    14.2% of Labor Force
    Employed in Professional & Business Services
    Q4 2016

  • By the Numbers
    $37 Billion

    Gross Domestic Product

  • Investor Spotlight
    City Center Lehigh Valley
  • Industry Spotlight

    10.2% of Labor Force
    Employed in Manufacturing
    Q4 2016

  • By the Numbers
    $4.3 Billion

    Exports (2015)

  • Investor Spotlight
    Air Products
  • Industry Spotlight

    1325 Total Office Buildings

  • By the Numbers
    $58,134

    Median Household Income

  • Investor Spotlight
    PPL Electric Utilities
  • Industry Spotlight

    1707 Total Industrial Buildings

  • By the Numbers
    24,400

    New Jobs Created Over Past 5 Years

  • Investor Spotlight
    National Penn
  • Industry Spotlight

    4.8% Industrial
    Vacancy Rate

  • By the Numbers
    658,477

    Population

  • Investor Spotlight
    Olympus
  • Industry Spotlight

    8.8% Office
    Vacancy Rate

  • By the Numbers
    336,100

    Labor Force

  • Investor Spotlight
    Lutron Electronics
  • Industry Spotlight

    10% of Labor Force
    Employed in Leisure & Hospitality
    Q4 2016

  • By the Numbers
    4,359

    Technology Patents from 2000-2013

  • Investor Spotlight
    Mack Trucks
  • Industry Spotlight

    1.6% of Labor Force
    Employed in Food & Beverage Manufacturing
    Q4 2016

  • By the Numbers
    25 Million

    Office Inventory (Square Feet)

  • Investor Spotlight
    UGI
  • By the Numbers
    108 Million

    Industrial Inventory (Square Feet)

  • Investor Spotlight
    NFI