Longview a bright spot in ETX economic growth
POSTED: Thursday, September 19, 2013 - 1:05pm
UPDATED: Thursday, September 19, 2013 - 1:23pm
Washington D.C. (KETK) — The U.S. Department of Commerce recently released new data on the economic growth in metropolitan areas for 2012. The numbers shine a positive light for most Texas cities.
The majority of metropolitan areas experienced positive growth, 305 out of the nation's 381. The rankings are based off real Gross Domestic Product (GDP) growth.
According to the U.S. Bureau of Economic Analysis, real GDP increased nationwide by 2.5 percent, up from 1.7 in 2011.
In East Texas, Longview experienced far more economic growth than the metropolitan areas of Tyler and Texarkana. The city was ranked 20th overall with a real GDP of 5.4 percent.
The table below lists all of Texas' metropolitan areas, their growth rate and 2012 rank.
|City||Real GDP Growth (%)||Rank out of 381|
|Houston-The Woodlands-Sugar Land||5.3||23|
|San Antonio-New Braunfels||3.8||60|
You can see the entire report on the BEA's website.