Sep 19, 2013
GDP growth in Texas areas ranked at the top in 2012
TEXAS - The resurgent oil and gas industry helped two Texas areas — Midland and Odessa — rank No. 1 and No. 2 in economic growth for U.S. metro areas...
TEXAS – The resurgent oil and gas industry helped two Texas areas — Midland and Odessa — rank No. 1 and No. 2 in economic growth for U.S. metro areas in 2012, according the U.S. Bureau of Economic Analysis.
Midland posted a 14.4 percent gain in inflation-adjusted gross domestic product from 2001. Odessa saw a 14.1 percent gain in real GDP.
Overall, real GDP rose in 305 of the nation’s 381 metro areas in 2012, fueled mainly by durable-goods manufacturing, trade and financial services. The average U.S. real GDP growth in 2012 was 3.1 percent, up from 1.9 percent in 2011.
| Metro Area | 2011 GDP | 2012 GDP | Change 2012 | U.S. Rank 2012 |
| Midland | $13,277 | $15,193 | 14.4 | 1 |
| Odessa | $6,201 | $7,073 | 14.1 | 2 |
| Victoria | $3,548 | $3,858 | 8.7 | 6 |
| Corpus Christi | $16,644 | $17,791 | 6.9 | 12 |
| Austin-Round Rock | $85,261 | $90,831 | 6.5 | 13 |
| Longview | $9,323 | $9,831 | 5.4 | 20 |
|
Houston-The Woodlands- Sugar Land | $366,303 | $385,683 | 5.3 | 23 |
| Abilene | $4,862 | $5,098 | 4.9 | 30 |
| College Station-Bryan | $6,208 | $6,482 | 4.4 | 34 |
| Lubbock | $9,159 | $9,555 | 4.3 | 37 |
| Dallas-Fort Worth-Arlington | $357,252 | $372,652 | 4.3 | 39 |
| Waco | $8,054 | $8,378 | 4.0 | 52 |
| Laredo | $5,745 | $5,967 | 3.9 | 56 |
| San Antonio-New Braunfels | $76,180 | $79,060 | 3.8 | 60 |
| San Angelo | $3,477 | $3,600 | 3.5 | 68 |
| Wichita Falls | $5,123 | $5,281 | 3.1 | 91 |
For a list of all 25 MSAs in Texas and to read more, see the Dallas Morning News.
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