Bay Area business sector is growing three times faster than the national average.
The 5.2% growth in the Bay Area is largely attributed to growth in the San Francisco-Oakland metro area. Boosted by the tech and finance industry, this area had an even bigger growth of 5.4%.
After adjusting for current inflation rates, a new report from the Center for Continuing Study of the California Economy (CCSCE) reported the Bay Area business sector is growing three times quicker than the national average. Measured by the value of goods and services produced, this amount of growth brought in $781 billion, ranking the Bay Area 18th worldwide, behind Turkey and ahead of the Netherlands.
Read more: Center for Continuing Study of the California Economy (CCSCE) The Bay Area Led the State and Nation in GDP Growth in 2016