Austin Economics

The Chamber's monthly Economic Indicators report on the Central Texas region chronicles economic activity on a monthly or quarterly basis. For this overview, including links to downloadable data files, please visit the Economic Indicators page.

Central Texas Economy in Perspective

October 6, 2015 – Gross Domestic Product by Metro
Beverly Kerr, Vice President, Research

• Austin’s economy grew an outstanding 6.1% in 2014
• Austin was the third fastest growing major metro economy in 2014
• Durable goods manufacturing and professional and business services drove Austin’s GDP growth
• Over the last 5 years, real per capita GDP is up 13.3%, making Austin the No. 4 best performing major metro

Austin’s economy grew an outstanding 6.1% in 2014 according to new data on gross domestic product (GDP) by metro released late last month by the U.S. Bureau of Economic Analysis (BEA). Growth for 2013, which was previously stated as 2.2% has been revised to 4.7%. These rates are real, inflation-adjusted, growth rates.

To view the full article: http://www.austinchamber.com/site-selection/business-climate/the-economy/ei-archive/2015_10_06.php

For the metropolitan portion of the U.S. as a whole, and for Austin, 2009 is the recession low point for real GDP. For all metros, real GDP in 2014 is 10.3% above 2009. In Austin real GDP has grown 30.9% over the same period, making it the second fastest growing major economy—behind only San Jose. Dallas-Fort Worth (up 29.3%), San Antonio (up 24.0%), and Houston (up 21.8%) round out the top five fastest growing large metros for 2009-2014.