We're No. 100 - Lancaster County metro economy

Lancaster County boasts the 100th largest economy among the 363 metropolitan statistical areas in the U.S., according to a report released in conjunction with the U.S. Conference of Mayors’ annual meeting.

The economy here produced $21.6 billion in 2013, according to the report (PDF), prepared by the economic analysis firm IHS.

The mayors are using the report to call attention to the outsized role of metro areas in the U.S. economy. Metro areas account for 90 percent of U.S. gross domestic product and are expected to generate 92 percent of overall U.S. economic growth through 2020, the report said.

On Monday, the mayors wrapped up their four-day annual event, held this year in Dallas. The world is entering the era of “Cities 3.0,” Sacramento Mayor Kevin Johnson told attendees Friday.

“In this era, the city is a hub of innovation, entrepreneurship and technology,” he said.

Lancaster Mayor Rick Gray did not attend this year’s meeting. At last year’s, Lancaster won an honorable mention in the small-city category for its efforts on climate protection.

The report shows that Lancaster accounts for just a small portion of the Pennsylvania economy: about 3.5 percent. By comparison, the Philadelphia metro area accounts for 41.3 percent and Pittsburgh for 20.6 percent. The York-Hanover metro, consisting of York and Adams counties, accounts for 2.6 percent.

Besides ranking metro areas by existing GDP, the report made forecasts of growth through 2020.

Lancaster ranked 256th in that analysis, with average annual projected growth of 2.3 percent.

Other Pennsylvania metros ranked similarly, including Williamsport at 255, Harrisburg-Carlisle at 258 and York-Hanover at 261.

The full report is available online at usmayors.org.



Tim Stuhldreher is a Lancaster Newspapers staff writer who covers business and finance. He can be reached at tstuhldreher@lnpnews.com or (717) 481-6137. You can also follow@timstuhldreher on Twitter.