Milwaukee County financial system grew 5.2% in 2021, surpassing pre-pandemic ranges
HomeIdeasEconomyMilwaukee County financial system grew 5.2% in 2021, surpassing pre-pandemic ranges
Milwaukee County’s actual GDP grew 5.2% in 2021, reaching its highest stage on report a 12 months after the COVID-19 pandemic shrank Milwaukee County’s financial system to its lowest stage since 2009. Seven of the eight counties within the southeastern Wisconsin area managed to exceed pre-pandemic GDP ranges in 2021. The one exception was Ozaukee County. At
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Milwaukee County’s actual GDP grew 5.2% in 2021, reaching its highest stage on report a 12 months after the COVID-19 pandemic shrank Milwaukee County’s financial system to its lowest stage since 2009. Seven of the eight counties within the southeastern Wisconsin area managed to exceed pre-pandemic GDP ranges in 2021. The one exception was Ozaukee County. At $4.85 billion, its 2021 GDP remained under its 2019 stage of $4.95 billion, measured in 2012 {dollars}. The county did see 1.5% development from 2020 to 2021, in response to information from the U.S. Bureau of Financial Evaluation. Kenosha County was the quickest rising within the area at 7%. The county, which has seen continued improvement of business and distribution initiatives truly noticed GDP development in 2020 after seeing a small dip in 2019. Washington County was the second quickest rising county within the area final 12 months with GDP development at 6.4% and Walworth was third at 6.1%. After Milwaukee County in fourth, Waukesha got here in fifth at 4.8%. The county has the second largest financial system within the area with $28.6 billion GDP in comparison with Milwaukee County’s $53.1 billion. Mixed, the WOW counties of Waukesha, Ozaukee and Washington had an actual GDP of $39.7 billion. Kenosha, Racine and Walworth mix for an $18.6 billion actual GDP. Sheboygan County got here in sixth with development of 4%. Its actual GDP is now at $6.47 billion. Racine was seventh with 3.3% development and a now $7.41 billion financial system. Nationally, Milwaukee County had the 67th highest actual GDP in 2021. These close to it in dimension included Erie County in New York, Honolulu County in Hawaii and Lake County in Illinois, all barely bigger. These instantly under Milwaukee are Jefferson County in Kentucky, Cobb County in Georgia, and Morris County in New Jersey.
