According to the Bureau of Economic Analysis, the Lehigh Valley's GDP for 2022 rose to $54.3 billion. After adjustment for inflation, the Valley’s economic growth in 2022 was 0.8%. We have borrowed the term Gross Domestic Product from a nationwide concept to apply it to regional economies. The term basically means the total output of goods and services produced by labor and capital located, in this case, in the Lehigh, Northampton, Carbon, and Warren counties.