Early Pandemic Percent Change in Inflation-Adjusted GDP

2019-2020
Silicon Valley-5.3%
San Francisco-4.5%
California-2.6%
United States-4.5%

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. Data are from Moody’s Economy.com. The employment estimates use historical data through 2016 (counties) and 2019 (California and U.S.), and forecasts updated on 10/13/2020 (U.S. data), 10/19/2020 (California data), and 10/28/2020 (Silicon Valley and San Francisco); the GDP estimates use historical data through 2019 and forecasts updated on 10/13/2020 (U.S. data), 10/19/2020 (California data) and 11/02/2020 (Silicon Valley and San Francisco). All GDP values have been inflation-adjusted and are reported in 2020 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, 2020 estimate based on January-August, the California consumer price index for all urban consumers from the California Department of Finance May Revision Forecast (April 2020) for California data, and the U.S. city average consumer price index for all urban consumers from the Bureau of Labor Statistics based on January through October data. Silicon Valley data include Santa Clara and San Mateo Counties.

This chart does not have any footnotes.

Resources for Relevant Data and Reports (show)

Related Indicators: