Dallas-Fort Worth economy reaches $440BDallas-Fort Worth economy reaches $440Bhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=38412014-06-23T15:10:00Z2014-06-23T00:00:00Z

DALLAS-FORT WORTH - DFW is one of the fastest growing metros in the United States. A new report shows its economy ranking 6th in the nation at $440.1 billion in 2013.

DFW even outranked most countries in the world, trumped in gross product estimates by only 17 of the world’s 196 national economies.

U.S. Metro Economies report, presented at the U.S. Conference of Mayors by IHS Global studied metros that were home to 84 percent of the nation’s population, 87 percent of total real income, 90 percent of new housing starts and 90 percent of real gross domestic product.

The report also showed metros will continue to be the center of growth for years to come, supplying 92 percent of real gross product growth through 2020.

For DFW, its airport is one of the primary “economic engines”, especially when it comes to attracting international travelers and business deals.

By 2015, the study predicts the DFW economy will grow to $464.7 billion and by 2016 it should rise to $491.4 billion.

The unemployment rate for DFW is expected to be 5.3 percent in 2014 and 4.9 percent by 2015.

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
http://www.star-telegram.com/2014/06/20/5915617/dallas-fort-worth-economy-reaches.htmlRead more at {Source}

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