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SEC Metro GDP Growth
Posted on 12/13/18 at 3:05 pm
Posted on 12/13/18 at 3:05 pm
The Census released GDP Growth by County. Here are how the SEC Metros performed in terms of GDP Growth Percentage between 2012 and 2015:
+28.7%- Auburn-Opelika, AL MSA
+16.5%- Oxford, MS Micro Area
+12.8%- Fayetteville-Springdale-Rogers, AR MSA
+11.3%- Nashville-Davidson-Murfreesboro-Franklin, TN MSA
+10.1%- College Station-Bryan, TX MSA
+7.5%- Columbia, SC MSA
+7.2%- Columbia, MO MSA
+6.8%- NATIONAL AVERAGE
+6.2%- Lexington-Fayette, KY MSA
+5.4%- Knoxville, TN MSA
+4.4%- Athens-Clarke County, GA MSA
-1.9%- Starkville, MS Micro Area
-2.9%- Gainesville, FL MSA
-3.8%- Baton Rouge, LA MSA
-7.3%- Tuscaloosa, AL MSA
I was overall surprised at some of these numbers. To be honest, after decades of fast growth, I would have expected Athens to be further up on the list.
With the surging enrollment at Alabama, why is the economy of Tuscaloosa county decreasing at that level?
The only thing I could guess was that maybe the 2012 GDP figure was inflated due to the building boom that likely followed the 2011 tornadoes?? But the Real GDP growth decreased in each of the four individual years in the period, with the largest drop coming in 2014 vs. 2013.
Doesn't make sense how Tuscaloosa can be adding so many students to its population yet the region's economy is performing so terribly.
+28.7%- Auburn-Opelika, AL MSA
+16.5%- Oxford, MS Micro Area
+12.8%- Fayetteville-Springdale-Rogers, AR MSA
+11.3%- Nashville-Davidson-Murfreesboro-Franklin, TN MSA
+10.1%- College Station-Bryan, TX MSA
+7.5%- Columbia, SC MSA
+7.2%- Columbia, MO MSA
+6.8%- NATIONAL AVERAGE
+6.2%- Lexington-Fayette, KY MSA
+5.4%- Knoxville, TN MSA
+4.4%- Athens-Clarke County, GA MSA
-1.9%- Starkville, MS Micro Area
-2.9%- Gainesville, FL MSA
-3.8%- Baton Rouge, LA MSA
-7.3%- Tuscaloosa, AL MSA
I was overall surprised at some of these numbers. To be honest, after decades of fast growth, I would have expected Athens to be further up on the list.
With the surging enrollment at Alabama, why is the economy of Tuscaloosa county decreasing at that level?
The only thing I could guess was that maybe the 2012 GDP figure was inflated due to the building boom that likely followed the 2011 tornadoes?? But the Real GDP growth decreased in each of the four individual years in the period, with the largest drop coming in 2014 vs. 2013.
Doesn't make sense how Tuscaloosa can be adding so many students to its population yet the region's economy is performing so terribly.
This post was edited on 12/13/18 at 3:05 pm
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Posted on 12/13/18 at 3:07 pm to BHMKyle
I figured Fayetteville would be #1, Nashville would be #2, and Bryan-College Station #3 ...
What the frick is happening in Auburn??
What the frick is happening in Auburn??
This post was edited on 12/13/18 at 3:09 pm
Posted on 12/13/18 at 3:10 pm to BHMKyle
I like this list.
Posted on 12/13/18 at 3:11 pm to BHMKyle
The city of Tuscaloosa has grown +7% over the last seven years. The city is doing extremely well. There isnt much else in Tuscaloosa County and Birmingham is only 50 minutes away.
This post was edited on 12/13/18 at 3:15 pm
Posted on 12/13/18 at 3:11 pm to BHMKyle
Tuscaloosa’s GDP from 16-18 is probably top 3 and will continue to grow. The industry in the area is expanding rapidly right now. 2012 - 2015 was the worst of the Obama years for industrial areas in the south.
Posted on 12/13/18 at 3:16 pm to BHMKyle
FYI, here is the nominal real growth in 2012 dollars between 2012 and 2015:
In Millions of $...
+10,741- Nashville, TN
+2,692- Fayetteville, AR
+2,451- Columbia, SC
+1,863- Knoxville, TN
+1,498- Lexington, KY
+1,311- Auburn, AL
+893- College Station, TX
+540- Columbia, MO
+334- Athens, GA
+272- Oxford, MS
-30- Starkville, MS
-342- Gainsville, FL
-779- Tuscaloosa
-1,968- Baton Rouge
In Millions of $...
+10,741- Nashville, TN
+2,692- Fayetteville, AR
+2,451- Columbia, SC
+1,863- Knoxville, TN
+1,498- Lexington, KY
+1,311- Auburn, AL
+893- College Station, TX
+540- Columbia, MO
+334- Athens, GA
+272- Oxford, MS
-30- Starkville, MS
-342- Gainsville, FL
-779- Tuscaloosa
-1,968- Baton Rouge
Posted on 12/13/18 at 3:32 pm to BHMKyle
I think the Census data is incorrect on Starkvegas. Now it has not seen spectacular growth but the GTR area has seen steady growth over the last 35 years and certainly in the last 5-10 years, it would probably be 5%, nothing over the top but definitely on the positive plus side of growth. Areas that were Forest/Prairie land 30-40 years ago are now well developed commercial/residential areas in the present day. SMH there.
Posted on 12/13/18 at 3:34 pm to BHMKyle
quote:
+7.5%- Columbia, SC MSA
+7.2%- Columbia, MO MSA
South Carolina beats Mizzou again.
Posted on 12/13/18 at 3:41 pm to BHMKyle
quote:
-7.3%- Tuscaloosa, AL MSA
This accounts for people displaced by the tornado in 2011 that destroyed 10% of the city. People were fighting with insurance companies.
Posted on 12/13/18 at 5:52 pm to BHMKyle
quote:
With the surging enrollment at Alabama, why is the economy of Tuscaloosa county decreasing at that level?
The Tuscaloosa MSA includes Greene and Hale counties in addition to Tuscaloosa County. Greene in particular has seen it's already lagging economy completely collapse. Additionally, the economy in the north and eastern part of Tuscaloosa County was tied to coal mining, which also dried up during that time period due to Obama era regulations.
Record growth in the area of Tuscaloosa itself doesn't offset those losses.
This post was edited on 12/13/18 at 6:14 pm
Posted on 12/13/18 at 6:35 pm to BHMKyle
quote:
+7.5%- Columbia, SC MSA
+7.2%- Columbia, MO MSA
We win again. Must have been raining when they did the numbers.
This post was edited on 12/13/18 at 6:36 pm
Posted on 12/13/18 at 6:57 pm to BHMKyle
Surprised NWA wasn’t #1. This place has exploded since I’ve moved here 7 years ago.
Posted on 12/13/18 at 9:18 pm to BHMKyle
It is amazing what $250k per year can do for the economy when it isn't shipped off to a church in Atlanta Georgia.
Congrats on that trickle down, Auburn.
Congrats on that trickle down, Auburn.
Posted on 12/13/18 at 9:53 pm to BHMKyle
The scientologist was holding us back.
Also where do they get these numbers? I was in starkville in 2015 but not in 2014. I bought enough beer to give it at least a 5% bump.
Also where do they get these numbers? I was in starkville in 2015 but not in 2014. I bought enough beer to give it at least a 5% bump.
Posted on 12/14/18 at 1:51 am to BHMKyle
quote:I can see why. No way could I stand to live by those kooks after reading a few of their posts on here. How does Auburn tolerate them?
-7.3% Tuscaloosa,Al.
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