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City Review

Los Angeles City Review

Sep 2017

US$725

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Los Angeles in 2016 generated a total GDP of USD962 billion, second only to New York (USD1.7 trillion total GDP in 2016) in the US. Over 2011-2016, Los Angeles grew in various ways: disposable incomes per household in Los Angeles grew by 9.9% over the five year period, the tourism industry in the city reached records in 2016 (47.3 million visitors in 2016), while the port of Los Angeles continued to be the busiest port in the country (8.8 million TEUs in 2016).

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

LOS ANGELES HIGHLIGHTS

A strong creative industry focus, two of the US's busiest ports and a large agglomeration of business services in Los Angeles contribute to the city's high productivity, which stood at USD141,100 GVA per employee. Los Angeles was 20% more productive than the rest of the country in 2016.

Higher labour productivity and larger household size boost household disposable income

Economically, Los Angeles benefits from higher labour productivity, as well as a relatively large household size (2.9 persons per household in Los Angeles versus 2.6 in the rest of the US, in 2016). As of 2016, household disposable income was 31% greater in Los Angeles compared with the rest of the country.

Greater spending on discretionary items

Spending per household (excluding transport and housing) was 16% higher in Los Angeles in comparison with the average in the rest of the country in 2016. Given the city's higher income level, consumers spend proportionately more on discretionary items such as education (23% higher expenditure in Los Angeles, than in the rest of the country in 2016), hotels and restaurants (+32%) and communications (+20%).

Higher housing expenditure

Spending on housing and transport together in Los Angeles was 31% higher compared to other parts of the US in 2016. The difference is driven largely by the housing expenditure category (41% higher expenditure on housing in Los Angeles, when compared to the rest of the country), as the housing unit shortage in Los Angeles results in continuing house price rises.

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LOS ANGELES REVIEW AT A GLANCE

Understanding Los Angeles Review structure

Chart 1 Overview

Key facts on Los Angeles

Summary 1 Key Facts On Los Angeles 2011, 2016, 2021

LOS ANGELES HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Los Angeles Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Los Angeles 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Los Angeles, USA And Other Cities In North America, 2011-2021
Summary 2 Labour Market Changes In Los Angeles 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Los Angeles 2011-2016

Household income

Chart 8 Household Distribution By Income In Los Angeles 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Los Angeles And USA, 2016
Summary 3 Los Angeles Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Tourism Industry In Los Angeles Breaks Records Again
Los Angeles' Public Institutions Help Battle Heatwaves

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Overview

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LOS ANGELES HIGHLIGHTS

Higher labour productivity and larger household size boost household disposable income

Greater spending on discretionary items

Higher housing expenditure

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Table of Contents

LOS ANGELES REVIEW AT A GLANCE

Understanding Los Angeles Review structure

Key facts on Los Angeles

LOS ANGELES HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Megatrends

City Review

Los Angeles City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

LOS ANGELES HIGHLIGHTS

Higher labour productivity and larger household size boost household disposable income

Greater spending on discretionary items

Higher housing expenditure

Want to find out more about this report?

Table of Contents

LOS ANGELES REVIEW AT A GLANCE

Understanding Los Angeles Review structure

Key facts on Los Angeles

LOS ANGELES HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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Complete Catalogue

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