Show-Me State Times

Newly released federal data indicate continued economic growth for the St. Louis metropolitan area, with a 2.5% increase in gross domestic product (GDP) for 2023. This positions St. Louis as the 16th largest metro economy in the United States, surpassing its population ranking of 23rd.

GSL Interim CEO Dustin Allison remarked on this development: “St. Louis’ economic momentum continues to build and serves as proof that working together as one metro and speaking with a unified voice is how we drive sustained growth for the future.” He emphasized the importance of collaboration between public and private sectors to achieve inclusive economic growth.

The Bureau of Economic Analysis (BEA), part of the U.S. Department of Commerce, provided these statistics, which show that the GDP of the 15-county St. Louis metro reached $226.5 billion in unadjusted current dollars in 2023, up from $211.5 billion in 2022—a 7.1% increase.

St. Louis also led the nation in per capita personal income growth over five years (2019-2023), achieving a remarkable 33% increase compared to its peers like Denver, Nashville, Indianapolis, and Kansas City.

This positive trend follows other recent indicators of economic strength for St. Louis, including high rankings for job growth and foreign-born population increases.

For further information, media contact Tony Wyche can be reached at 314-398-9991 or via email at Tony@GreaterSTLInc.com.