Hampton Roads Generates 20% of Virginia’s Economic Output

Hampton Roads Generates 20% of Virginia’s Economic Output

According to a study released February 24 by the Brookings Institution, a Washington area research organization, the Hampton Roads area is ranked second among 11 metro areas in population, jobs, and economic output in Virginia in 2009. The Hampton Roads region accounts for 20.9% of the states population, 21.8% of the states employment, and 20.3% of the states economic output.

Virginia contains three of the nation’s 100 largest metropolitan areas: Washington-Arlington-Alexandria, Virginia Beach-Norfolk-Newport News, and Richmond. These areas equate to 69% of the states population, 72% of its jobs, and 75% of the state’s economic output. These three areas are becoming progressively more important for the future growth of the state. “The interconnected cities, suburbs, and surrounding rural towns that form metropolitan areas, particularly the nation’s largest 100, represent the engines of state economic growth and concentrate the assets critical to building the ‘Next Economy’,” the Brookings report stated.

View the Brookings Institution Virginia State Profile.

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