Honolulu Ranks in Bottom Third Nationwide For Gross Metropolitan Product

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Honolulu’s gross metropolitan product in 2010 was $51.3 billion, ranking it No. 33 among 323 metro areas in the United States. Not surprisingly, a huge chunk of that came from real estate.

Pacific Business News reports: 

Of that, $8.8 billion of Honolulu’s GMP was in the real estate sector, which pushed the metro area up to 22nd in the rankings, On Numbers found.

GMP is a measure of the total output of goods and services within any given metro area, and On Numbers compared each market’s total GMP to the component generated by the sale, rental and leasing of real estate.

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