Kern County GDP Decreases to $35.8 Billion

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Economic Growth Widespread Across Metropolitan Areas in 2015

GDP increased in 292 of the nation’s 382 metropolitan areas in 2015, led by growth in several industry groups: professional and business services, wholesale and retail trade, and the group of finance, insurance, real estate, rental, and leasing.

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Kern County saw a decrease of 6.5%, bringing its GDP to $35.8 billion from $38.3 billion in 2014. Collectively, real GDP for U.S. metropolitan areas increased 2.5 percent in 2015 after increasing 2.3 percent in 2014.  Kern County is ranked number 76 in the nation for current GDP, and number nine in the state of California, compared to number seven in 2014.

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Bakersfield surpassed the average national growth percentage in six categories:

  1. Government
  2. Arts, entertainment, recreation, accommodation and food services
  3. Educational services, healthcare, and social assistance
  4. Information
  5. Nondurable-goods manufacturing
  6. Natural resources and mining

Kern County is ranked  as number 76 in the nation for current GDP, and number nine in the state of California.

The full report can be found at the Bureau of Economic Analysis.

 

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