Real GDP grows in Iowa communities

CEDAR RAPIDS - The real gross domestic product - the sum of all goods and services - rose in 2013 from 2012 in all metropolitan statistical areas of Iowa, according to the U.S. Bureau of Economic Analysis.

Real GDP by metropolitan statistical area is an inflation-adjusted measure of each area's gross product that is based on national prices for the goods and services produced within the metropolitan area.

The Cedar Rapids area GDP was $17.2 billion in 2013, up from $16.7 billion in 2012.

The Cedar Rapids MSA ranked 127th nationwide.

The Iowa City area GDP rose to $8.6 billion last year from $8.2 billion in 2012, ranking the community 211th in the U.S.

Des Moines/West Des Moines posted the highest GDP in Iowa at $42.7 billion in 2013, up from $40.8 billion in 2012. The central Iowa community is ranked 62nd in the nation.

The Davenport, Rock Island and Moline MSA recorded GDP of $19.4 billion last year, up from $18.9 billion in 2012. The Iowa/Illinois Quad Cities is ranked 118th in the U.S.

The Dubuque MSA's gross domestic product edged up to $4.93 billion in 2013 from $4.86 billion the previous year. The community is ranked 307th in the nation.

The GDP for the Waterloo-Cedar Falls MSA rose to $8.7 billion in 2013 from $8.2 billion in 2012. The community is ranked 208th in the U.S.

The real GDP increased in 292 of the nation's 381 metropolitan areas in 2013, led by widespread growth in finance, insurance, real estate, rental, leasing, nondurable-goods manufacturing, and professional and business services.

Collectively, real GDP for U.S. metropolitan areas increased 1.7 percent in 2013 after increasing 2.6 percent in 2012.