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Brookings Institution Report Illustrates Orlando’s Long-Term Economic Growth

Posted by Amanda Roche on Mar 24, 2017 4:02:07 PM

Orlando outpaced national job growth for ten years, 2005 to 2015, in number of jobs and gross metropolitan product (GMP). In a recent report by the Brookings Institution, Orlando ranked in the top 10 metropolitan areas with positive economic performance over a five-year period, 2010-2015, and in the top 20 for 2005-2015. These rankings indicate strong, long-term economic growth for the region.

Orlando ranked No. 9 out of the nation’s 100 largest metropolitan areas for growth from 2010-2015, with a 16.4 percent increase in the number of jobs and a 12.1% increase in GMP. According to the Institute, large metro areas that specialize in research- and technology-intensive advanced industries saw the fastest growth in GMP, and Orlando ranked 19 out of the 100 top metros for GMP growth.

The ten-year numbers show a similar trend: number of jobs increased by 13.9% and GMP increased by 11.2 percent from 2005 to 2015.

Orlando MSA growth 2005-15.pngBrookings Institution: Metro Monitor Report 2017

Orlando’s growth rate is not simply a fluctuation; it is a long-term upward trend. Orlando is becoming an increasingly competitive metropolitan area for economic development, as seen by recent company relocations and expansions including ADP, Deloitte, IAAPA, USTA, and many more.

Topics: Economic Development, Rankings

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