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Commerce Department: Some metro area economies grew faster than others

economy-changes-affect-your-sales-funnelACROSS MISSISSIPPI — The economy along Mississippi’s Gulf Coast grew rapidly in 2013, while growth slowed in the state’s other metropolitan areas.

The figures, released by the U.S. Commerce Department, show that gross domestic product expanded by 4 percent in the Gulfport-Biloxi-Pascagoula metropolitan area in 2013. That’s a big pickup from 0.1 percent growth in 2012.

Growth in the Hattiesburg metro area slowed to 1 percent in 2013 from 3.9 percent in 2012. In Jackson, growth slowed to 0.4 percent in 2013 from 3.4 percent in 2012. The economy actually shrank in the Memphis area, which includes multiple Mississippi counties, contracting 0.1 percent in 2013 after rising 2.1 percent in 2012.

The numbers seek to measure all the economic output of each metropolitan area, as defined by the federal government.

 

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