section_path: Economy/Economic statistics for Los Angeles and Orange Counties
section_name: Economic statistics for Los Angeles and Orange Counties
paragraph_text: Economic statistics for Los Angeles and Orange Counties
  
  In 2014, the population of the Long Beach–Los Angeles–Anaheim metropolitan statistical area (MSA) reached 13,262,220 and ranked second in the United States – a 1 percent increase from 2013. In 2014, Los Angeles–Long Beach–Anaheim had a per capita personal income (PCPI) of $50,751 and ranked 29th in the country.
  
  In 2014, Los Angeles–Long Beach–Anaheim placed third among the largest exporters in the United States (shipment totaling to $75.5 billion). The metro accounted for 40.8 percent of California's merchandise exports, mainly exporting computer and electronic products ($18.6 billion); transportation equipment ($15.3 billion) and chemicals ($5.6 billion). Nonetheless, the greater Los Angeles metro has immensely benefited from the free trade agreements: greater Los Angeles exported $25.1 billion to the NAFTA region and $776 million in goods to the CAFTA region.
  
  Overall, in 2014 the average wages and salaries reached $57,519 (in 2010, the average wages and salaries reached $54,729). Meanwhile, the median household income in 2014 was $56,935, a 1.4 percent increase from 2013 (average median household income was $56,164).
  
  Note: Dollar items are in current dollars (not adjusted for inflation). Per capita items in dollars; other dollar items in thousands of dollars.
  
  Table 2 (refer below) is a chart of the four highest sectors in the metro area, with health care and social assistance reaching 15.54%.
  
  Table 3 (refer below) displays the location quotient for employment in the Los Angeles–Long Beach–Anaheim MSA. Top three sectors include information; art, entertainment, and recreation; and real estate and rental and leasing. (Data obtained from the Bureau of Labor Statistics, 2014. Data measures Location Quotient for sectors in the MSA area. U.S. Total is the base areas.)