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GDP growth in Texas areas ranked at the top in 2012GDP growth in Texas areas ranked at the top in 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=62912013-09-19T07:08:00Z2013-09-19T00:00:00Z

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.

Top Texas Metros by GDP Growth
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.

Dallas Business Journal
Texas
Economy
http://bizbeatblog.dallasnews.com/2013/09/gdp-growth-in-texas-metro-areas-rank-at-the-top-in-2012.html/Read more at {Source}

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