Value Added Per Employee

Santa Clara & San Mateo Counties, San Francisco, California, and the United States

bar and line chart
Percent Change in Inflation-Adjusted Value Added Per Employee
2001-2017 2016-2017
Silicon Valley +31.3% -0.1%
San Francisco +17.9% -0.2%
California +20.1% -0.1%
United States +19.3% +0.8%

Data Source:

Moody’s Economy.com

Analysis:

Silicon Valley Institute for Regional Studies

Value added per employee is calculated as gross domestic product (GDP) divided by the total employment. GDP estimates the market value of all final goods and services. GDP and employment data are from Moody’s Economy.com estimates using historical data through 2015 (Silicon Valley and San Francisco) and through 2016 (California and U.S.) and forecasts updated on 11/06/2017 (U.S. data), 11/10/2017 (California data) and 10/26/2017 (Silicon Valley and San Francisco). All GDP values have been inflation-adjusted and are reported in 2017 dollars using the Bay Area consumer price index for all urban consumers from the Bureau of Labor Statistics for Silicon Valley and San Francisco data, 2017 estimate based on January-August, the California consumer price index for all urban consumers from the California Department of Finance May Revision Forecast (April 2017) for California data, and the U.S. city average consumer price index for all urban consumers from the Bureau of Labor Statistics, first half of 2017 for U.S. data. Silicon Valley data include Santa Clara and San Mateo Counties.

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