Summary
Philadelphia is situated in Pennsylvania State in the US. It has a significant economic and financial influence. The services sector (tertiary), which accounts for 87.0% of total GVA of the area, is the main driver of economic growth. The diverse economy also thrives upon industries such as chemicals, industrial machineries, fabricated metal products, electronics, transportation equipment, scientific instruments, apparels, paper products, rubber and plastic products, and primary metals. The high-technology industries, such as communications, computer software and internet commerce, boost the labour market and stimulate the area’s economic growth
Synopsis
“City Profile - Philadelphia” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Philadelphia. The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Scope
- The service sector remains the key contributor to the regional economy - and the major employer.
- Philadelphia is a key tourist destination for both domestic and international tourists and experienced healthy growth in over the years.
- Tourism sector also generated substantial tax revenue for state and local governments to fund priority programs such as education, transportation and safety.
Reasons to buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
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Table of Contents
City Snapshot
PEST Analysis
Political
Economic
Social
Technology and Infrastructure
Communications
Internal Transport Networks
Connectivity
Airports
Ports
Business Environment Analysis
Travel and Tourism
Tourism Flows
Hotels
Attractions
Events
Construction and Real Estate
Investment
Real Estate Market
Retail
Retail Market
Consumption, Income and Prices
Appendix
Sources
Further Reading
Ask the Analyst
About MarketLine
Disclaimer
List of Tables
Table 1: Philadelphia metropolitan area - key facts (estimates), 2018
Table 2: Philadelphia metropolitan area - real GDP and real GDP growth, 2000-25
Table 3: Philadelphia metropolitan area - economic growth comparison (Index 2010=100), 2000-25
Table 4: Philadelphia metropolitan area - GDP per capita comparison (US$), 2000-25
Table 5: Philadelphia metropolitan area - employment structure, 2000-25 (% of total)
Table 6: Philadelphia metropolitan area - main universities, 2018
Table 7: Philadelphia metropolitan area - population comparison, 2000-25 (number)
Table 8: Philadelphia metropolitan area - mass transit network indicators, 2018
Table 9: Philadelphia metropolitan area - Philadelphia International Airport’s key indicators
Table 10: Philadelphia metropolitan area - Fortune 500 companies with main HQ in city, 2019
Table 11: Philadelphia metropolitan area - office rents, Q2 2019
Table 12: Philadelphia metropolitan area - visitation, 2016-17
Table 13: Philadelphia metropolitan area - domestic visitor volume by market segment (millions), 2009-17
Table 14: Philadelphia metropolitan area - direct spending by domestic visitors, 2016-17 (US$ million)
Table 15: Philadelphia metropolitan area - international visitation , 2016-17
Table 16: Philadelphia metropolitan area - hotel indicators, 2014-18
Table 17: Philadelphia metropolitan area - hotel sector KPIs , 2014-18
Table 18: Philadelphia metropolitan area - UNESCO World Heritage Sites
Table 19: Philadelphia metropolitan area - MICE and other events
List of Figures
Figure 1: Philadelphia metropolitan area - real GDP and real GDP growth, 2000-25
Figure 2: Philadelphia metropolitan area - economic growth comparison (Index 2010=100), 2000-25
Figure 3: Philadelphia metropolitan area - GDP per capita comparison, 2000-25
Figure 4: Philadelphia metropolitan area - employment structure, 2000-25 (% of total)
Figure 5: Philadelphia metropolitan area - population comparison, 2000-25
Figure 6: Philadelphia metropolitan area - population by age, 2000-25 (% of total)
