In GDP growth, Tampa Bay trailed most of Florida's bigger metro areas in 2010
Wake up and good morning. The map above shows how fast -- and slow -- gross domestic product (GDP) of metro areas grew in the southeastern United States in 2010. In Florida, as the map indicates, metro GDP growth was as slow or slower than most other states in the Southeast.
Tampa Bay's GDP expansion in 2010 was positive, after several years of shrinking, but still slower than many other major metro areas in the state, according to the U.S. Bureau of Economic Analysis report out this week. Here's the BEA report, and here's an overview from the St. Petersburg Times.
So how is Tampa Bay's economy doing? The good news is that it was at least one of 304 out of 366 U.S. metro areas to have positive GDP growth in 2010. The bad news is Tampa Bay trailed most other larger Florida metro areas (notably Orlando, Jacksonville and even Miami-Fort Lauderdale) in growth that year.
But eight other, mostly smaller Florida metro areas trailed Tampa Bay's GDP growth in 2010. Vero Beach ranked 363 of 366 metro areas because its 2010 GDP actually shrunk 3.6 percent.
Overall, nationwide, Tampa Bay's GDP was No. 23 in size in 2010. Miami-Fort Lauderdale ranked No. 11, Orlando ranked 29th and Jacksonville ranked 46th.
Here's a sample of Florida metro areas and where they rank nationally out of 366 in GDP growth in 2010. The listing is in order of 2010 GDP growth:
Palm Bay-Melbourne-Titusville: 40
Panama City-Lynn Haven-Panama City Beach: 106
Naples-Marco Island: 199
Pensacola-Ferry Pass-Brent: 213
Palm Coast: 214
Deltona-Daytona Beach-Ormond Beach: 233
Miami-Fort Lauderdale-Pompano Beach: 244
Tampa-St. Petersburg-Clearwater: 259
Port St. Lucie: 267
North Port-Bradenton-Sarasota: 279
Lakeland-Winter Haven: 294
Punta Gorda: 296
Crestview-Fort Walton Beach, Destin: 315
Sebastian-Vero Beach: 363
The No. 1 metro area for growth in 2010 was, of all places, Elizabethtown, Ken. And No. 336, dead last, was Vallejo-Fairfield, Calif.
-- Robert Trigaux, Business Columnist, St. Petersburg Times