Don’t look now, but Baltimore City’s economy is booming.
Charm City’s economic output topped $50 billion last year, according to data released Thursday by the U.S. Bureau of Economic Analysis measuring real gross domestic product in each county in the United States.
That’s a 5.9% increase between 2021 and 2022 in GDP, which measures the dollar value of all goods and services produced in a region. It is generally used to gauge the health of an economy.
Baltimore’s economy is growing far faster than the U.S. economy as a whole, which grew by 1.9%. It’s also far outpacing Maryland’s 1.6% growth. Within Maryland, Baltimore City has the second-fastest growing GDP. It trails only Somerset County, which has an economy 50 times smaller.
Click here to read the rest of the article written by Ramsey Archibald over at The Baltimore Banner
