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re: SEC Metro GDP Growth
Posted on 12/13/18 at 3:30 pm to Riseupfromtherubble
Posted on 12/13/18 at 3:30 pm to Riseupfromtherubble
quote:
There are plenty of great places to live and raise a family in this state.
I agree. I live here, and I love living in this state.
But the from an economic standpoint, the state of Alabama is lagging way behind the rest of the South. Somehow Alabama has mostly missed the economic explosion that has taken off most everywhere else from Texas east to Virginia.
Here is how the metro areas of the state of Alabama have performed in terms of real GDP Growth rate from 2012-2015:
+28.1%- Auburn
+9.7%- Florence-Muscle Shoals
+6.8%- Daphne-Fairhope
+4.1%- Huntsville
+3.0%- Montgomery
+1.2%- STATE AVERAGE
-0.2%- Birmingham
-2.5%- Decatur
-2.7%- Gadsden
-4.2%- Mobile
-7.3%- Tuscaloosa
-7.9%- Anniston-Oxford
Only Auburn and the Shoals had a GDP that grew faster than the national average. Baldwin County at 6.8% was right at the national average. Yet the state as a whole lagged behind the rest of the country at a GDP Growth rate of just 1.2%.
That's bad.
4
Posted on 12/13/18 at 3:33 pm to BHMKyle
That’s Alabama though, that’s what the state does, lag behind the national average.
There are a few places in the state that care enough about society to put the resources and thought into growth, but just a few.
There are a few places in the state that care enough about society to put the resources and thought into growth, but just a few.
Posted on 12/13/18 at 4:00 pm to BHMKyle
quote:
+4.1%- Huntsville
Really surprised to see Huntsville this low. The Huntsville-Madison area was booming with opportunity in so many sectors while I was there from 2010-2014.
Posted on 12/13/18 at 10:19 pm to BHMKyle
I noticed that these numbers stop at 2015. I also noticed it doesn't include Cottondale and Vance which are suburbs and is where everyone in Tuscaloosa works. Also, Insurance companies were way behind on claims and tens of thousands of people and jobs were put on hold and folks were displaced. If u add the Tuscaloosa "tri counties" of Fayette, Tuscaloosa and Bibb counties as u did for other areas, it changes dramatically.
U can always make statistics look how u want with just leaving this out here but throwing it in there.
What's that old saying? Something lies, damn something and statistics?
Tuscaloosa metro has grown immensley in the last couple of years. Tuscaloosa county has the 3rd lowest unemployment, as we speak, in the state (Shelby bad Madison being lowest). Just six months ago, Mercedes announced its engine plant being moved to Tuscaloosa county.
U can always make statistics look how u want with just leaving this out here but throwing it in there.
What's that old saying? Something lies, damn something and statistics?
Tuscaloosa metro has grown immensley in the last couple of years. Tuscaloosa county has the 3rd lowest unemployment, as we speak, in the state (Shelby bad Madison being lowest). Just six months ago, Mercedes announced its engine plant being moved to Tuscaloosa county.
This post was edited on 12/13/18 at 10:25 pm
Posted on 12/14/18 at 8:55 am to BHMKyle
To give some more data reflecting just how poorly Alabama, and more particularly Birmingham, has performed compared to other southern states/large metros.... just look at where Birmingham ranks in terms of GDP growth compared to other large cities.
Metro Birmingham accounts for over 25% of the state's overall GDP.
Real GDP Growth Rate, 2012-2015 for Southern Metros of 1 Million+ people:
+25.9%- San Antonio, TX
+17.2%- Austin, TX
+14.7%- Miami-Ft. Lauderdale, FL
+12.7%- Raleigh, NC
+12.0%- Dallas-Ft. Worth, TX
+11.9%- Jacksonville, FL
+11.3%- Houston, TX
+11.3%- Nashville, TN
+10.3%- Atlanta, GA
+9.8%- Charlotte, NC
------- NATIONAL AVG. 6.8%--------
+4.2%- Louisville
+4.2%- Tampa, FL
+4.1%- New Orleans, LA
+0.3%- Orlando, FL
+0.3%- Memphis, TN
-0.2%- Birmingham, AL
Birmingham was dead-last of all the major Southern metro areas. In fact, of the 53 metro areas with 1 Million + people, Birmingham was #51. The only large metros that performed worse were Milwaukee (#52) and Tucson (#53).
Why has Birmingham missed out on the growth that the rest of the South (minus Mississippi) has been experiencing during the last 10-15 years.
Memphis' sluggish growth can somewhat be explained by Nashville's boom. I would think Nashville is feeding off Memphis a bit.
Metro Birmingham accounts for over 25% of the state's overall GDP.
Real GDP Growth Rate, 2012-2015 for Southern Metros of 1 Million+ people:
+25.9%- San Antonio, TX
+17.2%- Austin, TX
+14.7%- Miami-Ft. Lauderdale, FL
+12.7%- Raleigh, NC
+12.0%- Dallas-Ft. Worth, TX
+11.9%- Jacksonville, FL
+11.3%- Houston, TX
+11.3%- Nashville, TN
+10.3%- Atlanta, GA
+9.8%- Charlotte, NC
------- NATIONAL AVG. 6.8%--------
+4.2%- Louisville
+4.2%- Tampa, FL
+4.1%- New Orleans, LA
+0.3%- Orlando, FL
+0.3%- Memphis, TN
-0.2%- Birmingham, AL
Birmingham was dead-last of all the major Southern metro areas. In fact, of the 53 metro areas with 1 Million + people, Birmingham was #51. The only large metros that performed worse were Milwaukee (#52) and Tucson (#53).
Why has Birmingham missed out on the growth that the rest of the South (minus Mississippi) has been experiencing during the last 10-15 years.
Memphis' sluggish growth can somewhat be explained by Nashville's boom. I would think Nashville is feeding off Memphis a bit.
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