Shreveport-Bossier City ranks dead last in economic growth

MGN
Thursday, September 19, 2013 - 11:48am

The U.S. Department of Commerce recently released new data on the economic growth in metropolitan areas for 2012. The numbers shine a light on positive and negative movement for some Louisiana cities.

The majority of metropolitan areas experienced positive growth, 305 out of the nation's 381. The results are found via real Gross Domestic Product (GDP).

According to the U.S. Bureau of Economic Analysis, real GDP increased nationwide by 2.5 percent, up from 1.7 in 2011.

Unfortunately, the Shreveport-Bossier City and Lafayette areas experienced the worst growth out of all metropolitan areas with negative 11.1 percent  and negative 8.1 percent growth, respectively. Meanwhile, New Orleans is booming with real GDP growth over 7 percent and ranks ninth overall.

The table below lists all of Louisiana's metropolitan areas, their growth rate and 2012 rank.

 
City Real GDP Growth (%) Rank out of 381
Alexandria -0.5 322
Baton Rouge 2.9 98
Hammond -5.0 379
Houma-Thibodaux -0.7 341
Lafayette -8.1 380
Lake Charles 2.5 121
Monroe 3.0 95
New Orleans-Metairie 7.6 9
Shreveport-Bossier City -11.1 381
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