Austin economy tops nation in 2013-2014 growth estimate

Nov 21, 2013
Austin Business Journal

Austin is expected to have the fastest-growing metro economy in the country between 2013 and 2014, according to a report prepared for the U.S. Conference of Mayors

The report, compiled by IHS Global Insight, projects that the Austin-Round Rock- San Marcos area will grow its gross metropolitan product by 5.9 percent from $103.2 billion in 2013 to $109.3 billion in 2014. The growth is the highest by percentage in the nation

Gross metropolitan product is the value of all goods and services produced within a metropolitan area. In total, 244 of the nation’s 363 metro areas will see some measure of economic expansion in 2013, down from 290 the year before

The top 22 metros on the list are expected to grow their gross metropolitan product by at least 5 percent. Houston came in at No. 8 when ranked by percent change and Dallas-Fort Worth at No. 4

Austin's reputation as a job-creation machine also recently pushed it to top spot in a ranking of the country's healthiest metro economies

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