Milwaukee County’s economy grew 5.2% in 2021, exceeding pre-pandemic levels
homeideasBusinessMilwaukee County’s economy grew 5.2% in 2021, exceeding pre-pandemic levels
Milwaukee County’s real GDP grew 5.2% in 2021, hitting its highest level ever, a year after the COVID-19 pandemic shrunk Milwaukee County’s economy to its lowest since 2009. Pandemic GDP levels in 2021. The only exception was Ozaukee County. at
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Milwaukee County’s real GDP grew 5.2% in 2021, hitting its highest level ever, a year after the COVID-19 pandemic shrunk Milwaukee County’s economy to its lowest since 2009. Pandemic GDP levels in 2021. The only exception was Ozaukee County. At $4.85 billion, 2021 GDP remained below 2019 levels of $4.95 billion measured in 2012 dollars. According to data from the US Bureau of Economic Analysis, the county grew 1.5% from 2020 to 2021. Kenosha County grew the fastest in the region at 7%. The county, which has seen continuous development of industrial and distribution projects, actually recorded GDP growth in 2020 after recording a small decline in 2019. Washington County was the second-fastest growing county in the region last year with GDP growth of 6.4%, and Walworth was third at 6.1%. After Milwaukee County in fourth place, Waukesha ranked fifth with 4.8%. The county has the second largest economy in the region with a GDP of $28.6 billion compared to Milwaukee County’s $53.1 billion. Combined, the WOW counties of Waukesha, Ozaukee and Washington had a real GDP of $39.7 billion. Kenosha, Racine and Walworth combine for a real GDP of $18.6 billion. Sheboygan County ranked sixth with growth of 4%. Its real GDP is now $6.47 billion. Racine was seventh with growth of 3.3% and an economy now at $7.41 billion. Nationally, Milwaukee County had the 67thth the highest real GDP in 2021. Countries close to that size included Erie County in New York, Honolulu County in Hawaii, and Lake County in Illinois, all of which are slightly larger. Those immediately below Milwaukee are Jefferson County in Kentucky, Cobb County in Georgia and Morris County in New Jersey.
