Moody’s Analytics has projected the gross regional product (GRP) for the 18 counties of Northeast Ohio grew at an annualized rate of 1.2 percent in 2014.

1. Northeast Ohio records modest growth in 2014
Cleveland
•Moody’s Analytics has projected the gross regional product (GRP) for the 18 counties of Northeast Ohio
grew at an annualized rate of 1.2 percent in 2014. That projection places Cleveland’s 2014 GRP at a
value of $197 billion. While the growth rate is modest, Moody’s projection is cause for muted optimism in
Cleveland as GRP output has increased each year since 2009. Furthermore, a growth rate of 1.2 percent
is above the historical average for the region.
Source: JLL Research, Moody's Analytics
Chart of the week: January 26, 2015
$170
$180
$190
$200
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Northeast Ohio Gross Regional Product
Real$,Billions