HOUSTON - Houston is among the U.S. metro areas expected to increase their gross metropolitan product the most between 2013 and 2014.
A new report compiled by IHS Global Insight for the U.S. Conference of Mayors projects the Houston-Sugar Land-Baytown area’s GMP will be $463.7 billion in 2013 and $488.7 billion in 2014, an increase of 5.4 percent. That ranks Houston No. 8 for percent change among the 100 largest metropolitan statistical areas.
The top 22 metros on the list are all projected to grow their GMP at least 5 percent. Austin tops the list with 5.9 percent growth, and Dallas-Fort Worth ranks No. 4 with 5.6 percent growth.
Between 2012 and 2013, Houston’s GMP increased 3.1 percent. Meanwhile, 244 of the nation’s 363 metro areas will see some measure of economic expansion in 2013, down from 290 the year before.
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