2023 Riverside County Economic Profile

GROSS REGIONAL PRODUCT & INDUSTRIES Riverside County’s economy is thriving, with a GRP larger than 13 states. The county’s fastest growing industries, including healthcare, logistics, and technology are driving this growth and attracting businesses to the area.

WHAT IS A GRP?

Economic Indicators Gross Regional Product (GRP) is a crucial economic indicator that measures the total monetary value of all goods and services produced within regional borders. It provides insight into the health and growth of a country’s economy and serves as a benchmark for assessing the performance of various industries. In the United States, the top 10 industries by GRP include healthcare, real estate, manufacturing, wholesale trade, finance, construction and among many others. Fastest Growing Industries Riverside County is home to a diverse economy with numerous industries contributing to its

GRP. According to recent data, the fastest growing industries in Riverside County include healthcare, construction, and leisure and hospitality. These industries have experienced significant growth in recent years, creating jobs and opportunities for residents in the area. In fact, Riverside County’s GRP is larger than that of 13 individual states in the U.S., demonstrating the strength and resilience of its economy. As the county continues to attract businesses and investment, its GRP is likely to continue to grow, further cementing its position as an economic powerhouse in Southern California. TOP 1.5% WITH A 2021 GRP OF $104 BILLION, RIVERSIDE COUNTY IS IN THE TOP 1.5% OF ALL US COUNTIES.

LARGER THAN

13 STATES LARGER THAN:

NEW HAMPSHIRE • IDAHO • HAWAII • WEST VIRGINIA • DELAWARE • MAINE • NORTH DAKOTA RHODE ISLAND • ALASKA • SOUTH DAKOTA MONTANA • WYOMING • VERMONT

US Bureau of Economic Analysis, 2022

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