2024 SOUTHERN CALIFORNIA ECONOMIC UPDATE
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- File Size 4.48 MB
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- Create Date December 5, 2024
- Last Updated August 6, 2025
In every year since 2009, SCAG has hosted the Southern California Economic Summit, an event designed to provide up-to-date regional and county-specific economic analysis and insights to stakeholders. Due to scheduling conflicts with multiple holidays over 2024-2025, this year SCAG will provide a shorter Southern California Economic Update as part of the December 2024 Regional Council meeting alongside regular SCAG business.
This briefing book is prepared by SCAG and its Economic Roundtable, a select group of economists from across the region who meet quarterly to discuss trends, data, and current events impacting the region’s economy. Not surprisingly, a group of seven economists will have different perspectives on issues, causes, and projections. Recognizing this, the objective of the Economic Roundtable is to provide common, consensus-based understanding of regional economic data, trends, and themes affecting regional planning. The roundtable’s Quarterly Reports can be found on SCAG’s Economic and Demographic page, and all accompanying economic data for the region can be visualized on and exported from the SCAG Economic Trends Tool.
SCAG’s primary role as a metropolitan planning organization is to develop a plan for a healthy, prosperous, accessible, connected, and equitable Southern California over the next three decades. To that end, Connect SoCal 2024, SCAG’s quadrennial Regional Transportation Plan and Sustainable Communities Strategy, was adopted by the Regional Council in 2024. The objective of this briefing book’s review of the past year and outlook for the next year is to assist policymakers in planning for the next 30 years. Following this executive summary, you will find a complete report covering the SCAG region, summary briefs for each of the region’s six counties, and short essays from roundtable members covering region-wide economic sustainability and equity. Full reports for the region’s counties are included as appendices.