Lehigh Valley Record GDP of $50.2 Billion in 2022

Lehigh Valley Sets New Record for GDP, Surpassing $50 Billion

Lehigh Valley Economic Development Corporation (LVEDC)
by Paul Muschick, Tuesday, December 19, 2023

LVEDC reported that in 2022 the Lehigh Valley achieved a remarkable milestone by reaching a record Gross Domestic Product (GDP) of $50.2 billion. This economic growth was primarily driven by the manufacturing sector, which contributed a substantial $8 billion to the region’s economy. When accounting for inflation, the Lehigh Valley’s economy expanded by approximately 1% compared to 2021. Don Cunningham, President and CEO of Lehigh Valley Economic Development Corp. (LVEDC), emphasized that crossing the $50 billion threshold reflects the region’s impressive economic renaissance. The strength and diversification of the economy attract new business investments and create job opportunities, making the Lehigh Valley more prosperous. Among regions of similar size, the Lehigh Valley ranks as a Top 15 market for GDP and stands as the 68th largest regional economy in the United States. Lehigh and Northampton counties together contribute $43.4 billion to the metro region’s private sector output, highlighting their significant role in this economic achievement. 

For the full article, readers can refer to the LVEDC original source: […more]   

LVEDC photo


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