Data shows El Paso experiences slight economic growth
Washington D.C. (KTSM) — The U.S. Department of Commerce recently released new data on the economic growth in metropolitan areas for 2012. The numbers shine a positive light for most Texas cities.
The majority of metropolitan areas experienced positive growth, 305 out of the nation's 381. The rankings are based off real Gross Domestic Product (GDP) growth.
According to the U.S. Bureau of Economic Analysis, real GDP increased nationwide by 2.5 percent, up from 1.7 in 2011.
In West Texas, El Paso experienced slight economic growth, growing 0.5 percent and ranking in the bottom third at 279.
The table below lists all of Texas' metropolitan areas, their growth rate and 2012 rank.
|City||Real GDP Growth (%)||Rank out of 381|
|Houston-The Woodlands-Sugar Land||5.3||23|
|San Antonio-New Braunfels||3.8||60|
You can see the entire report on the BEA's website.