The U.S. Bureau of Economic Analysis just released 2012 Gross Domestic Product (GDP) estimates for Metropolitan Statistical Areas (MSAs) in the United States. On average, MSA real GDP (adjusted for inflation) increased by 2.5 percent in 2012—slightly lower than the total U.S. average of 2.8 percent.
Nationally, Texas and Indiana dominated the rankings for the fastest-growing MSAs. Each of these states placed three MSAs among the top ten. The New Orleans and San Francisco MSAs showed the fastest-growing large MSA economies.
In Utah, only the Logan UT-ID MSA experienced below-average expansion (up only 1 percent. The Provo-Orem MSA produced the highest percent change—4.5 percent and ranked 32nd nationally. The St. George MSA recovered from GDP contraction in 2010 to show a healthy 3.2 percent gain in 2012. For more information about this data release, click here.