Balanced, Diversified, & Growing
The Lehigh Valley’s gross domestic product (GDP) has risen to record levels for 2018, reaching a record-high of $41.2 billion, with impressive growth in manufacturing, which is now the region’s second largest economic sector behind finance, insurance, and real estate.
The Lehigh Valley GDP of $41.2 billion is higher than that of the entire states of Wyoming and Vermont, and if it were it’s own country it would be the 90th largest economy in the world.
Lehigh Valley economic output ranks 64th out of the 384 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 2017 to 2018. The regional economy is far more balanced and diversified than the national GDP, with 5.9 percentage points separating Lehigh Valley’s top four sectors, compared to 13.6 at the national level.