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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 Manzielathon
quote:
What the frick is happening in Auburn??
It’s a great place to live and raise a family... relative to the rest of the state.
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 3:14 pm to lion
quote:
-7.3%- Tuscaloosa, AL MSA
quote:
The city of Tuscaloosa has grown +7% over the last seven years.
So basically...
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 3:17 pm to Manzielathon
quote:
What the frick is happening in Auburn??
The growth in Auburn-Opelika over the last 10-15 years has been incredible. The schools are top notch and safe, especially when compared to a 30-mile radius. The housing and construction market have been on absolute fire.
Posted on 12/13/18 at 3:18 pm to lowspark12
quote:
It’s a great place to live and raise a family... relative to the rest of the state.
There are plenty of great places to live and raise a family in this state. Baldwin county, Huntsville metro, the shoals, and Bham suburbs all immediately come to mind. Auburn/opelika has a high percentage because a they started with a low number. It doesn't take as much to move the needle. That number will taper off, there isn't enough industry in the area to support that sort of sustained growth imo.
It would be an ideal spot to attract new industry though. The public schools are upper echelon in the state
This post was edited on 12/13/18 at 3:21 pm
Posted on 12/13/18 at 3:19 pm to Rhino5
My family has been sitting on pine land just inside the city limits and we get calls CONSTANTLY from developers. When it was purchased it was in the middle of fricking nowhere.
Posted on 12/13/18 at 3:25 pm to Riseupfromtherubble
quote:
That number will taper off, there isn't enough industry in the area to support that sort of sustained growth imo.
It will taper but not soon. there are several major companies with operations in the AU-Opelika area. Mando, Wal Mart distribution, Briggs & Straton, and massive Kia plant 20 miles north in West Point, GA that several Auburn residents work at.
Posted on 12/13/18 at 3:29 pm to Riseupfromtherubble
quote:
the shoals
Love that place. Some great folks in the Muscle Shoals/Florence area
This post was edited on 12/13/18 at 3:30 pm
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.
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 3:33 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 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 3:56 pm to Manzielathon
quote:
I figured Fayetteville would be #1, Nashville would be #2, and Bryan-College Station #3 ...
Fayetteville/NW Arkansas have been pulling those numbers for 30 years now. Yes, we started out from darn near rock bottom, but the area just keeps growing.
Auburn, as much as it pains me to say this, is right in a wonderful place to live with a decent economy. Its over due for a growth spurt. Oxford is part of the steady growth of Mississippi. Again, started out at rock bottom and there is nowhere to go but up... but they are going up and at a steady rate now.
Nashville and College Station are like Fayetteville... their growth is tremendous but is been such steady consistent growth that it doesn't look as impressive. 10% growth? Most metro areas would be saying "thank you Sir may I have another".
What this tells us is that NW Arkansas, Nashville, and College Station are just churning along while folks have realized the Oxford and Auburn areas are prime for growth.
The surprise is Tuscaloosa and Baton Rouge both slumping heavily.
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.
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