The Latest San Diego Industry Statistics Explained
San Diego’s information technology sector accounts for approximately $12.2 billion in Total GRP.
The statistic “San Diego’s information technology sector accounts for approximately $12.2 billion in Total GRP” indicates the economic impact of the information technology industry in San Diego. Gross Regional Product (GRP) measures the total value of goods and services produced within a region and is often used as a proxy for the overall economic health of an area. The $12.2 billion figure suggests that the information technology sector plays a significant role in the economy of San Diego, contributing substantially to the city’s overall output and potentially driving job creation, innovation, and investment within the local economy. This statistic highlights the importance of the IT sector as a key driver of economic growth and development in San Diego.
Over 700 start-ups are launched annually in San Diego.
The statistic ‘Over 700 start-ups are launched annually in San Diego’ indicates the vibrant entrepreneurial environment in the San Diego region. This information suggests a high level of innovation and business growth in the area, leading to new ventures being created on a regular basis. The significant number of start-ups being launched annually implies a robust economy and a supportive ecosystem for entrepreneurship in San Diego. This statistic sheds light on the dynamic nature of the business landscape in the region, highlighting opportunities for growth, job creation, and technological advancements within the start-up community.
San Diego’s defense-related activities generate $52 billion in gross regional product (GRP).
The statistic that San Diego’s defense-related activities generate $52 billion in gross regional product (GRP) quantifies the economic impact of the defense industry on the region. GRP represents the total value of goods and services produced in a specific geographic area, providing a measure of the area’s economic output. In this case, the $52 billion in GRP reflects the significant contribution of defense-related activities to San Diego’s overall economy. This statistic highlights the importance of the defense sector in creating jobs, stimulating business growth, and driving economic prosperity in the region. Additionally, it underscores the role of San Diego as a key hub for defense-related industries and emphasizes the sector’s substantial influence on the local economy.
San Diego is home to 62 breweries and employs over 1,230 workers in brewing positions
The statistic indicates that San Diego has a thriving brewing industry, with a total of 62 breweries established in the area. This concentration of breweries suggests a strong market demand for craft beer and a vibrant local beer culture. Furthermore, the fact that these breweries employ over 1,230 workers in brewing positions illustrates the significant economic impact of the brewing industry on the region. Not only does this statistic highlight the employment opportunities created by the breweries, but it also emphasizes the contribution of these businesses to the local economy through job creation and revenue generation. Overall, the presence of 62 breweries and the employment of over 1,230 workers in brewing positions in San Diego underscore the city’s position as a hub for craft beer production and consumption.
The clean tech industry in San Diego encompasses more than 800 companies.
The statistic stating that the clean tech industry in San Diego encompasses more than 800 companies highlights the significant presence and growth of environmentally sustainable technology within the region. This indicates a robust and diverse sector dedicated to developing and implementing clean energy solutions, resource conservation technologies, and eco-friendly practices. The large number of companies involved signifies a vibrant ecosystem that is actively contributing to the advancement of clean technology and sustainability efforts in San Diego, positioning the city as a key player in the clean tech industry on a regional and potentially national scale.
San Diego’s smart city sector generates more than $1 billion in GRP and employs over 3,500 individuals.
The statistic stating that San Diego’s smart city sector generates more than $1 billion in Gross Regional Product (GRP) and employs over 3,500 individuals highlights the significant economic contributions and job opportunities created by this sector in the region. The GRP represents the total economic output produced within San Diego, indicating the importance of the smart city industry in driving economic growth and prosperity. The employment of over 3,500 individuals further underscores the sector’s role in providing job opportunities and supporting livelihoods for a considerable number of residents. Overall, these figures demonstrate the positive impact of the smart city sector on both the economy and the labor market in San Diego.
San Diego is the third most patent-intense region globally.
The statistic that San Diego is the third most patent-intense region globally indicates that the area has a high concentration of patents relative to its size or economic activity compared to other regions around the world. This suggests that San Diego is a hub of innovation and technological advancement, with a significant emphasis on research and development leading to the creation and protection of intellectual property. The presence of a large number of patents in San Diego may point to a strong culture of innovation, collaboration between industry and academia, and a favorable environment for fostering new ideas and inventions.
93% of San Diego’s goods production (manufacturing) capacity is sold outside the region.
The statistic ‘93% of San Diego’s goods production capacity is sold outside the region’ indicates that a substantial majority of the goods manufactured in San Diego are not consumed locally but instead are sold to markets outside the region. This suggests that the manufacturing sector in San Diego is heavily oriented towards serving markets beyond its immediate area, highlighting its role in contributing to exports and generating revenue from external sources. The statistic also implies that San Diego’s economy is well integrated with national or global markets, emphasizing the significance of manufacturing as a key driver of economic activity and growth in the region.
San Diego’s manufacturing industry accounts for $51.9 billion in annual gross regional product.
This statistic indicates that the manufacturing industry in San Diego generates a significant economic output of $51.9 billion annually, contributing significantly to the overall regional economy. Gross regional product (GRP) measures the total value of goods and services produced within a specific geographical area, reflecting the industry’s overall economic impact. The substantial revenue generated by the manufacturing sector highlights its importance in driving local economic growth, creating job opportunities, stimulating investments, and supporting various other sectors. This statistic suggests that manufacturing is a key player in San Diego’s economy, demonstrating its vital role in sustaining the region’s economic vitality and competitiveness.
San Diego’s renewable energy industry boasts more than 25,000 solar rooftops.
The statistic “San Diego’s renewable energy industry boasts more than 25,000 solar rooftops” indicates that the city of San Diego has a significant presence and investment in solar energy technology. The term “solar rooftops” suggests that these solar panels are installed on the rooftops of residential and commercial buildings throughout the city. The number 25,000 highlights the scale of adoption of solar energy in San Diego, reflecting a growing trend towards renewable energy sources in the region. This statistic signifies a commitment to sustainability and clean energy practices within the community, positioning San Diego as a leader in the promotion of renewable energy technologies like solar power.
San Diego’s action sports industry generates $1.4 billion annually, supporting more than 1,500 businesses and 13,000 jobs.
The statistic highlights the significant economic impact of the action sports industry in San Diego, with an annual revenue of $1.4 billion. This revenue supports a large network of over 1,500 businesses and provides employment for approximately 13,000 individuals. The industry plays a crucial role in the local economy by creating jobs, fostering entrepreneurship, and driving economic growth. Furthermore, it showcases San Diego as a hub for action sports activities, which can attract tourists and further bolster the region’s economic development.
San Diego’s construction industry employs over 79,000 workers.
The statistic ‘San Diego’s construction industry employs over 79,000 workers’ provides a quantitative measure of the workforce size within the construction sector in the city of San Diego. With a specific count of 79,000 employees, this statistic highlights the significant contribution of the construction industry to the local economy, as well as the scale of employment opportunities available within this sector in San Diego. By indicating the number of workers employed in construction, this statistic offers insight into the industry’s importance in terms of job creation, economic activity, and potentially also its impact on factors such as infrastructure development and housing supply in the region.
San Diego’s aerospace industry generates $7 billion in annual GRP.
The statistic stating that San Diego’s aerospace industry generates $7 billion in annual Gross Regional Product (GRP) is an indication of the economic contribution of the aerospace sector to the region. GRP represents the total value of goods and services produced within a specific geographic area. This figure of $7 billion highlights the significant economic activity generated by the aerospace industry in San Diego, encompassing the value of aerospace-related production, employment, and investments in the region. It underscores the importance of the aerospace sector as a key driver of economic growth, job creation, and overall prosperity within San Diego’s economy.
San Diego’s cybersecurity industry has over 7,620 cybersecurity jobs in more than 100 companies.
The statistic reveals that San Diego has a robust cybersecurity industry with a significant presence in the job market. With over 7,620 cybersecurity jobs spread across more than 100 companies, the city boasts a thriving sector focused on ensuring the security and integrity of digital information. This information indicates a growing demand for cybersecurity professionals in the region, reflecting the importance of protecting sensitive data and systems from cyber threats. The diverse range of companies involved in cybersecurity in San Diego also suggests a dynamic and competitive market, offering opportunities for individuals looking to pursue a career in this rapidly evolving field.
97% of San Diego’s business establishments are small businesses (0-100 employees).
The statistic stating that 97% of San Diego’s business establishments are small businesses, defined as those with 0-100 employees, indicates that the vast majority of businesses in the city fall into this category. This statistic implies that San Diego has a strong presence of small businesses compared to larger corporations or enterprises. Small businesses play a vital role in the local economy, often contributing significantly to job creation and overall economic growth. This statistic suggests that San Diego’s business landscape is largely comprised of small, locally-owned enterprises, highlighting the importance of supporting and fostering these businesses to maintain a healthy and diverse economic ecosystem.
References
0. – https://www.californiaretailproperties.com
1. – https://www.www.sandiegouniontribune.com
2. – https://www.www.sandiegobusiness.org
3. – https://www.cleantechnica.com
4. – https://www.visitsandiego.com
5. – https://www.www.sandiego.gov
