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Corpus Christi hits growth spurt in 2013Corpus Christi hits growth spurt in 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=55892013-12-02T07:01:00Z2013-12-02T00:00:00Z

CORPUS CHRISTI - The city is expected to secure its position with a 3.8 percent growth rate in gross metropolitan product in 2013, ranking it No. 10 out of 363 cities studied as part of the U.S. Metro Economies: Outlook — Gross Metropolitan Product with Metro Employment Projections report, prepared by IHS Global Insight.

Gross metropolitan product (GMP) represents all goods and products made in a particular area. It is used by economists as a measurement of growth. According to the report, it is expected Corpus Christi will see another 3.1 percent growth increase in 2014.

Topping the list for the largest percentage of growth in gross metropolitan product is Midland, with an expected 7.3 percent annual increase, while Odessa takes second place with a 6.4 percent increase predicted in 2013.

In 2012, Corpus Christi saw a 6.9 percent growth — amounting to $21.9 billion in GMP — while the national average was 2.5 percent, according to the report.

There’s no question the Eagle Ford Shale is the major driver behind the growth, said Roland Mower, CEO of the Corpus Christi Regional Economic Development Corporation.

Corpus Christi Caller-Times
Corpus Christi
Economy
http://www.caller.com/news/2013/nov/21/more-growth-projected-for-corpus-christi/Read more at {Source}

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