2023 Riverside County Economic Profile

GROSS REGIONAL PRODUCTS & 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’S A GRP?

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, and finance, among others. RiversideCounty 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 LARGER THAN 13 STATES LARGER THAN: NEW HAMPSHIRE • IDAHO • HAWAII • WEST VIRGINIADELAWARE • MAINE • NORTHDAKOTA RHODE ISLAND • ALASKA • SOUTH DAKOTA • MONTANA • WYOMING • VERMONT

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 US, 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.

US Bureau of Economic Analysis, 2022

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