Why is this important?
The Gross Domestic Product (GDP) is a measure of economic activity within a defined geographic region or within a sector of a defined economic region.  When referencing a defined metropolitan area, it is sometimes referred to as the Gross Metropolitan Product (GMP).   Essentially the GDP/GMP measures the economic output of a region and can be used to compare overall economic activities across regions, or the contributions of various sectors.

How are we doing?
After dropping during the recent economic downturn, Long Island’s gross metropolitan product peaked just under $150 billion in 2011.  Since 1995, Long Island’s economic product has increased 42 percent.