San Angelo Standard-Times
September 25, 2015
If San Angeloans have been feeling prosperous recently, the Bureau of Economic Analysis has just offered a good reason for it.
The San Angelo Metropolitan Statistical Area is ranked No. 2 in the nation for gross domestic product growth in 2014, according to data released Thursday by the BEA.
The San Angelo MSA includes the city and Tom Green and Irion counties. The GDP measures all forms of economic activity during specific time periods. The San Angelo MSA is one of 381 nationwide.
Only Midland had a higher growth figure in 2014. The San Angelo economy grew by 11.4 percent, according to BEA estimates; the Midland MSA grew by 24.1 percent.
San Angelo’s GDP in 2013 was $4.326 billion; in 2014, it was $4.818, gaining nearly half a billion dollars in one year, more than double the growth of any of the previous five years. Read on…