Tuesday, September 13, 2011

Boom times in Silicon Valley

Silicon Valley’s economy exploded in 2010, with GDP growing by 13.4 percent, faster than U.S. GDP growth of 2.6 percent and far faster than San Francisco and Oakland, where GDP growth was just 0.5 percent.
Not only did the San Jose-Sunnyvale-Santa Clara metropolitan area grow fast, it also turned around quickly, according to numbers from the U.S. Bureau of Labor Statistics released Tuesday. In 2009, Silicon Valley GDP growth was negative 2.4 percent, but that changed by 15.8 points to hit 13.4 percent in 2010. Biz Journal

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