Shreveport-Bossier City ranks dead last in economic growth, BR in top 100
POSTED: Friday, September 20, 2013 - 12:30pm
UPDATED: Friday, September 20, 2013 - 12:34pm
Washington D.C. (KMSS) — The U.S. Department of Commerce recently released new data on the economic growth in metropolitan areas for 2012. The numbers shine a light on positive and negative movement for some Louisiana cities.
The majority of metropolitan areas experienced positive growth, 305 out of the nation's 381. The results are found via real Gross Domestic Product (GDP).
According to the U.S. Bureau of Economic Analysis, real GDP increased nationwide by 2.5 percent, up from 1.7 in 2011.
Unfortunately, the Shreveport-Bossier City and Lafayette areas experienced the worst growth out of all metropolitan areas with negative 11.1 percent and negative 8.1 percent growth, respectively. Meanwhile, New Orleans is booming with real GDP growth over 7 percent and ranks ninth overall.
The table below lists all of Louisiana's metropolitan areas, their growth rate and 2012 rank.
Real GDP Growth (%)
Rank out of 381