Atlanta's economy is regarded diverse, with dominant sectors that include aerospace

Atlanta was initially launched as the terminus of a major condition-sponsored railroad. With quick enlargement, nevertheless, it soon grew to become the convergence point among a number of railroads, spurring its quick expansion. The city's name derives from that of the Western and Atlantic Railroad's nearby depot, signifying the town's expanding reputation as a transportation hub. Throughout the American Civil War, the metropolis was almost fully burned to the ground in Basic William T. Sherman's March to the Sea. Even so, the city rose from its ashes and quickly turned a countrywide heart of commerce and the unofficial cash of the "New South". During the nineteen fifties and 1960s, Atlanta turned a key arranging heart of the civil rights movement, with Martin Luther King Jr., Ralph David Abernathy, and many other locals taking part in significant roles in the movement's management.[sixteen] In the course of the modern period, Atlanta has attained intercontinental prominence as a key air transportation hub, with Hartsfield–Jackson Atlanta Worldwide Airport getting the world's busiest airport by passenger visitors given that 1998.

It ranks in the best twenty amongst planet cities and tenth in the country with a gross domestic solution (GDP) of $385 billion. Atlanta's economy is regarded as various, with dominant sectors that consist of aerospace, transportation, logistics, professional and business solutions, media functions, health-related providers, and details technology. Atlanta has topographic functions that contain rolling hills and dense tree coverage, earning it the nickname of "the metropolis in a forest". Gentrification of Atlanta's neighborhoods, at first spurred by the 1996 Summer season Olympics, has intensified in the 21st century with the development of the Atlanta Beltline, altering the city's demographics, politics, aesthetic, and society.

Recently, Atlanta has been the middle for film and television generation, mostly due to the fact of the Ga Amusement Industry Investment Act, which awards qualified productions a transferable revenue tax credit score of twenty% of all in-point out charges for movie and television investments of $500,000 or more. Some movie and tv creation services based in Atlanta incorporate Turner Studios, Pinewood Studios (Pinewood Atlanta), Tyler Perry Studios, Williams Road Productions, and the EUE/Screen Gems soundstages. Movie and television manufacturing injected $nine.five billion into Georgia's financial system in 2017, with Atlanta garnering most of the initiatives. Atlanta has emerged as the all-time most popular spot for film generation in the United States and a single of the 10 most popular places globally.

In comparison to other American towns, Atlanta's economic system in the earlier experienced been disproportionately impacted by the 2008 economic crisis and the subsequent economic downturn, with the city's economy earning a position of 68 amongst 100 American cities in a September 2014 report due to an elevated unemployment fee, declining genuine earnings amounts, and a frustrated housing industry. From 2010 to 2011, Atlanta noticed a .nine% contraction in employment and plateauing income growth at .4%. Even though unemployment had decreased to 7% by late 2014, this was even now increased than the nationwide unemployment fee of five.8% Atlanta's housing industry has also struggled, with property prices dropping by 2.one% in January 2012, achieving ranges not seen considering that 1996. In contrast with a calendar year before, the typical home price tag in Atlanta plummeted to seventeen.three% in February 2012, as a result becoming the largest yearly fall in the history of the index for any American or global town. atlanta escort directory in home costs prompted some economists to deem Atlanta the worst housing marketplace in the nation at the height of the melancholy. However, the city's genuine estate marketplace has resurged because 2012, so significantly median property value and lease growth considerably outpaced the national typical by 2018, many thanks to a speedily-increasing regional economic climate.