Chapter 3 • Corridor Growth Review
Table 3-9 Historical Real Gross Domestic/Regional Product (2024$)
Geography
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 '14-'24
Gross Regional Product (2024$ billions) United States
22,553 23,218 23,640 24,221 24,939 25,584 25,030 26,546 27,213 27,999 28,782 6,228 4,042 4,176 4,288 4,402 4,515 4,627 4,546 4,848 5,033 5,183 5,354 1,312 3,489 3,559 3,609 3,667 3,749 3,822 3,693 3,871 3,945 4,019 4,115 627 457.4 467.8 484.1 493.6 497.1 497.1 480.1 502.6 514.3 522.2 533.8 76.4 225.2 229.9 237.8 242.7 245.2 246.7 238.4 250.4 257.0 261.2 267.4 42.1 12.0 12.5 12.7 12.6 12.5 12.3 11.8 12.9 13.4 13.0 13.2 1.2 21.1 21.7 22.8 23.4 22.2 22.2 22.4 22.3 22.7 23.1 23.6 2.4
Mid Atlantic South Atlantic
Maryland
Baltimore
Lower Eastern Shore Southern Maryland
Forecast Table 3-10 provides gross domestic/regional product forecasts. WP25 projects 1.9% annual real growth through 2034 nationally, and for the South Atlantic slightly faster (2.0%), with Maryland’s GRP at the national 1.9%. Within Maryland, the highest real GRP growth is expected in Baltimore (2.0%) and Southern Maryland (1.9%). 11.9 12.4 12.8 13.2 13.5 13.5 12.9 13.8 14.2 14.6 14.8 2.9 Washington Suburban 173.6 177.8 183.8 187.6 189.2 188.3 181.4 189.3 193.2 196.5 201.1 27.4 Western Maryland 13.5 13.5 14.1 14.2 14.4 14.1 13.3 14.0 13.7 13.9 14.0 0.6 Annual Percent Change United States 2.5% 2.9% 1.8% 2.5% 3.0% 2.6% -2.2% 6.1% 2.5% 2.9% 2.8% 2.5% Mid Atlantic 2.4% 3.3% 2.7% 2.6% 2.6% 2.5% -1.8% 6.7% 3.8% 3.0% 3.3% 2.9% South Atlantic 1.7% 2.0% 1.4% 1.6% 2.2% 1.9% -3.4% 4.8% 1.9% 1.9% 2.4% 1.7% Maryland 1.6% 2.3% 3.5% 2.0% 0.7% 0.0% -3.4% 4.7% 2.3% 1.6% 2.2% 1.6% Baltimore 1.6% 2.1% 3.4% 2.0% 1.1% 0.6% -3.3% 5.0% 2.6% 1.6% 2.4% 1.7% Lower Eastern Shore 4.8% 4.1% 1.4% -0.8% -0.6% -1.7% -4.4% 9.4% 4.2% -3.1% 1.7% 0.9% Southern Maryland 2.2% 2.5% 5.4% 2.5% -5.3% 0.3% 0.9% -0.8% 1.8% 2.0% 1.9% 1.1% Upper Eastern Shore 1.0% 3.8% 3.9% 2.8% 2.6% -0.1% -4.8% 7.1% 3.4% 2.6% 1.6% 2.2% Washington Suburban 1.2% 2.4% 3.4% 2.0% 0.9% -0.5% -3.6% 4.4% 2.0% 1.7% 2.3% 1.5% Western Maryland 2.9% 0.2% 4.3% 0.8% 1.2% -1.9% -6.1% 5.5% -1.8% 1.1% 1.3% 0.4% Upper Eastern Shore
Table 3-10 Forecast Real Gross Domestic/Regional Product Growth
Historical
WP25
Geography
'14-'24 '24-'29 '29-'34 '24-'34 2.5% 1.9% 1.9% 1.9% 2.9% 1.8% 1.7% 1.7% 1.7% 2.1% 2.0% 2.0% 1.6% 2.0% 1.8% 1.9% 1.7% 2.1% 1.9% 2.0% 0.9% 1.4% 1.4% 1.4% 1.1% 1.9% 1.9% 1.9% 2.2% 1.6% 1.7% 1.6% 1.5% 1.9% 1.7% 1.8% 0.4% 1.2% 1.3% 1.3%
United States Mid Atlantic South Atlantic
Maryland
Baltimore
Lower Eastern Shore Southern Maryland Upper Eastern Shore Washington Suburban Western Maryland
3-15
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