Economic Trends

Business
Baltimore’s economy consistently performs better than the national average.  The Baltimore metropolitan economy makes up 50.3% of the number of paid employees and the annual payroll within the state, and 48.6% of the number of establishments of the state. [Download XLS] for patterns since 1998.

Employment
Greater Baltimore has consistently performed better than the US average in terms of employment and unemployment.  Much of this can be credited to the region's diverse industry base and concentration in strong and growing industries.  See our Employment & Labor section for more information about trends, industries, and performance.  [Download XLS] for our annual employment trends.

Gross Metro Product
With a $133 billion gross regional product in 2008, the Baltimore region has experienced a 28% increase since 2001. See our Gross Metro Product page for additional details and [Download XLS] for data used.

Income
The Baltimore region has well-paid employees, ranking 6th in per capita income—$48,259—among the Top 25 Largest Metro Areas.  This is up from 2008, when the metro ranked 9th with a per capita income of $48,296. See our Income page for additional details and [Download XLS] for income data.