Market Overview | Economic Indicators

49^th LARGEST ECONOMY IN THE U.S.

The Memphis MSA is the 49^th largest metro economy in the U.S. and produced a gross domestic product of $72.503 billion in 2017, of which $11.233 billion represented exports. The Memphis area’s GDP grew by 16.7% over ten years from 2007 to 2017. Private industries account for nearly 86% of total metro GDP and contributed $64.195 billion to the local economy in 2017. The largest industry in the metro economy is finance, insurance and real estate which represented 18% of GDP among private industries in 2017. Manufacturing followed at 16%, while transportation and warehousing, wholesale trade, and professional and business services each followed at around 11%.