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New Gdp Numbers Show St Louis Economic Momentum Continues

Leo Migdal
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new gdp numbers show st louis economic momentum continues

St. Louis metro’s GDP grew at a rate of 2.5% St. Louis had the nation’s highest per capita personal income growth over the past 5 years Newly released data follow other reports showing St. Louis in national top five for rate of job growth, attracting foreign-born residents

“St. Louis’ economic momentum continues to build and serves as proof that working together as one metro and speaking with a unified voice is how we drive sustained growth for the future.” ST. LOUIS – Newly released federal data show that the St. Louis metro’s economic momentum continues, highlighted by a 2.5% rate of growth in our region’s gross domestic product for 2023, ranking St. Louis 16th among the country’s largest metropolitan areas, well ahead of the region’s population ranking of 23.

With a $209 billion gross domestic product (GDP)—placing it in the top third of U.S. metro areas—the St. Louis region continues to outperform peer cities in productivity and economic growth. Its unmatched combination of workforce readiness, industrial space availability and excellent multimodal infrastructure continues to fuel the region’s position as a national leader in freight and industrial development. This data is among the key information included in the 2025 St. Louis Regional Industrial Real Estate Market Indicators & Workforce Statistics Report.

The report was released on June 6 by the St. Louis Regional Freightway during the final day of its annual FreightWeekSTL conference. From 2020-2025, the GDP of St. Louis’ manufacturing industry and its distribution industry have both increased by a factor of 33%—underscoring St. Louis’ locational advantages for these industries. These statistics show that the region produces higher value goods per person than peer regions across the Midwest and they showcase the value proposition of the St.

Louis regional manufacturing and distribution workforce. Analysis shows that over the past 10 years, for every new resident arriving in the St. Louis MSA, the overall economy added more than $2.3 million to its GDP. Workers in the St. Louis region are more productive in relation to workers in peer regions, making St. Louis a premiere location for businesses needing skilled labor proficient in the manufacturing and distribution of high-value complex goods.

“St. Louis continues to prove it’s not just a place to move goods—it’s a place to make them,” said Doug Rasmussen, founder & CEO of Steadfast City Economic & Community Partners, which prepared the report. “The new report highlights the region’s strong competitive advantage in industrial and freight development, rooted in its ability to provide a high-productivity, high-value environment for companies that need an affordable, central location with a... Additional competitive advantages highlighted in the report include: ST. LOUIS — St.

Louis' gross domestic product growth from 2022 to 2023 ranked 16th among the biggest U.S. metros, according to estimates Wednesday from the U.S. Bureau of Economic Analysis. The bureau said that the St. Louis metro saw its GDP rise 2.5% in the period, to $184.8 billion. The percent change was good for 16th among the top 30 metros by population.

St. Louis' total real GDP was 23rd biggest, matching its population rank, which has recently fallen. For GDP growth, St. Louis did better than some peers. Kansas City saw growth of 2.3%, Portland 1.8%, Cincinnati 1.7% and Baltimore 1.6%. Pittsburgh (2.9%), Nashville (3.1%), Denver (3.5%), Tampa (4.3%), Austin (4.5%) and Charlotte (4.7%) did better.

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With a $209 billion gross domestic product (GDP)—placing it in the top third of U.S. metro areas—the St. Louis region continues to outperform peer cities in productivity and economic growth. Its unmatched combination of workforce readiness, industrial space availability and excellent multimodal infrastructure continues to fuel the region’s position as a national leader in freight and industrial development. This data is among the key information included in the 2025 St. Louis Regional Industrial Real Estate Market Indicators & Workforce Statistics Report.

The report was released on June 6 by the St. Louis Regional Freightway during the final day of its annual FreightWeekSTL conference. From 2020-2025, the GDP of St. Louis’ manufacturing industry and its distribution industry have both increased by a factor of 33%—underscoring St. Louis’ locational advantages for these industries. These statistics show that the region produces higher value goods per person than peer regions across the Midwest and they showcase the value proposition of the St.

Louis regional manufacturing and distribution workforce. Analysis shows that over the past 10 years, for every new resident arriving in the St. Louis MSA, the overall economy added more than $2.3 million to its GDP. Workers in the St. Louis region are more productive in relation to workers in peer regions, making St. Louis a premiere location for businesses needing skilled labor proficient in the manufacturing and distribution of high-value complex goods.

“St. Louis continues to prove it’s not just a place to move goods—it’s a place to make them,” said Doug Rasmussen, Founder & CEO of Steadfast City Economic & Community Partners, which prepared the report. “The new report highlights the region’s strong competitive advantage in industrial and freight development, rooted in its ability to provide a high-productivity, high-value environment for companies that need an affordable, central location with a... Job Ready Labor Force In terms of workforce readiness, the St. Louis region leads comparable metro regions in the Midwest in total number of workers, with a labor force size of 1.3 million. The region has a labor force participation rate of 65.2%, as well as a prime-age labor force participation rate (age 25-54) of 86.3%, both of which outpace the national rates.

The St. Louis region also outperforms peer metro regions in the Midwest in terms of total number of Production and Transportation & Material Moving jobs—nearly 200,000— which fuel the productivity of the region’s target industry sectors. - St. Louis is now a top 10 metro for job growth for first time since 1990 - Metro added 31,000 workers over the last year - Preliminary data show region’s employment increasing to nearly 1.5 million jobs

- Madison County, Illinois, saw metro’s highest growth numbers - GSL -- “This news shows the rest of the country that the momentum building in St. Louis is real”

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