FY 2024-25 Adopted Budget Book

TAX BASE COMPONENTS Commercial Residential

62%

62%

62%

63%

63%

38%

38%

38%

37%

37%

2020

2021

2022

2023

2024

1.4 Gross Domestic Product - GDP GDP is one of the most common indicators to gauge the economy’s health. The U.S Bureau of Economic Analysis provides the GDP information by Metropolitan Area. The chart below summarizes the changes in GDP index. The data exhibits a healthy economic trend starting in 2012, although the effects of COVID are evident in the 2020 figures.

Dallas-Fort Worth-Arlington Area - Real GDP

- 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

107

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