Carson's GDP fell 5.6 percent in 2009

Carson City's economy shrunk by 5.6 percent in 2009, according to a new report by the U.S. Bureau of Economic Analysis on the real gross domestic products of 366 metro areas in the country.

Overall, U.S. real GDP - the total production of goods and services adjusted for inflation - fell 2.4 percent in 2009.

Eighty percent of the 366 metro areas tallied experienced declines in 2009, led by sour markets in durable-good manufacturing, construction and professional and business services.

For Carson City, manufacturing took the biggest hit in 2009, contributing to 1.4 percent of the capital's 5.6 percent decline. The other two sectors that suffered the most in 2009 were leisure and hospitality and professional and business services, both falling 0.95 percent and 0.71 percent respectively.

Carson City generated $2.5 billion in economic output in 2009, down from $2.6 billion in 2008.

The real GDP of Reno-Sparks fell by 6.9 percent in 2009 for $17.5 billion in economic output, down from $18.8 billion in 2008. The sector with the largest decline in Reno-Sparks was construction, which fell 2.3 percent in 2009.

Meanwhile, areas with strong natural resources and mining industries fared better in 2009.

Of the 70 metro areas that grew that year, Casper, Wyo., grew by 22.4 percent - the fastest in the nation - thanks to its mining sector.

The BEA will release its preliminary measure of 2010 GDPs in September.


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