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Tyler economic forecast heavy on growth Tyler economic forecast heavy on growth https://www.recenter.tamu.edu/news/newstalk-texas/?Item=42242014-05-13T13:16:00Z2014-05-13T00:00:00Z

TYLER - Between 2013 and 2018, Tyler is projected to experience a gain in annual output (real gross product) of $2.19 billion, a 4.69 percent yearly pace. The largest increases are expected in the services and mining segments, up $716.6 million and $509.2 million, respectively.

The gain in employment over the period is forecast to be 12,200, for a total 2018 employment of 110,700. The large services industry group is likely to account for about 7,800 net new jobs, followed by wholesale and retail trade (with an increase of 1,800).

Tyler MSA Economic Outlook: 2013-2018
Key
Indicator
2013
Level
2018
Level
Growth
Rate*
2013-2018
Increase
2013-2018
Real Gross Product
(2005$)
$8.50 billion $10.69 billion 4.69% $2.19 billion
Population 220,600 239,200 1.63% 18,600
Wage & Salary Employment 98,500 110,700 2.36% 12,200
Real Personal Income
(by place of residence in 2005$)
$7.75 billion $9.54 billion 4.24% $1.79 billion
Real Retail Sales
(2005$)
$3.19 billion $3.95 billion 4.40% $765.67 million

*Compound Annual Growth Rate meaning that it reflects changes in the base from which growth is calculated.

Source: Tyler Economic Development Council and the Perryman Group.

Tyler Economic Development Council
Tyler
Economy
http://www.tedc.org/sites/default/files/files/perryman%202014.pdfRead more at {Source}

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