City Profile – Philadelphia; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail.
- Pages: 38
- Published: September 2018
- Report Code: ER0077CP
Philadelphia is situated in Pennsylvania State in the US. It has a significant economic and financial influence. The services sector (tertiary), which accounts for 84.5% of total GDP 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
“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.
-Â 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.
– The tourism industry contributed a total of US$11.5 billion to the area’s economy in 2017, an increase of 4.0%, from US$11.0 billion in 2016
Reasons to buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
Table of Contents
City Snapshot 2
PEST Analysis 6
Technology and Infrastructure 21
Internal Transport Networks 21
Business Environment Analysis 25
Travel and Tourism 27
Tourism Flows 27
Construction and Real Estate 32
Real Estate Market 33
Retail Market 35
Consumption, Income and Prices 36
Further Reading 37
Ask the Analyst 37
About MarketLine 37
List of Tables
List of Tables
Table 1: Philadelphia metropolitan area – key facts (estimates), 2017 2
Table 2: Philadelphia metropolitan area – real GDP growth, 2000-25 9
Table 3: Philadelphia metropolitan area – economic growth comparison, (Index 2010=100), 2000-25 11
Table 4: Philadelphia metropolitan area – GDP per capita comparison (2000-25) (US$) 13
Table 5: Philadelphia metropolitan area – employment structure (2000-25) (% of total) 15
Table 6: Philadelphia metropolitan area – main universities, 2017 16
Table 7: Philadelphia metropolitan area – population comparison (2000-25) (million) 18
Table 8: Philadelphia metropolitan area – population by age (2000-2025) (% of total) 20
Table 9: Philadelphia metropolitan area – mass transit network indicators, 2017 22
Table 10: Philadelphia metropolitan area – Philadelphia International Airport ( key indicators) 23
Table 11: Philadelphia city – Fortune 500 companies with main HQ in city, 2018 26
Table 12: Philadelphia city – office rents, Q1 2018 26
Table 13 : Philadelphia city – Tourism performance 28
Table 14: Philadelphia city – overnight tourist arrival by country of residence, 2016 28
Table 15: Philadelphia metropolitan area – UNESCO World Heritage Sites 30
Table 16: Philadelphia city – mice and other events 31
List of Figures
List of Figures
Figure 1: Philadelphia metropolitan area – real GDP growth, 2000-25 8
Figure 2: Philadelphia metropolitan area – economic growth comparison, (Index 2010=100), 2000-25 10
Figure 3: Philadelphia metropolitan area – GDP per capita comparison (2000-25) 12
Figure 4: Philadelphia metropolitan area – employment structure (2000-25) (% of total) 14
Figure 5: Philadelphia metropolitan area – population comparison (2000-25) 17
Figure 6: Philadelphia metropolitan area – population by age (2000-25) 19