Among metro area GDPs, Tampa Bay gains momentum

Published Sept. 21, 2013

Tampa Bay's economy grew faster in 2012 than it has in recent years and expanded more quickly last year than the average of metropolitan areas nationwide.

The Tampa-St. Petersburg-Clearwater metro market's 3.1 percent growth represents a big jump from 2011 (up 1.5 percent) and 2010 (down 0.3 percent).

The national average was a 2.5 percent increase, with 305 of the nation's 381 metropolitan areas experiencing at least some growth in 2012.

The Tampa Bay area's big winner was the financial services sector, followed by trade and professional services. Sectors that declined in this metro area in 2012 include transportation and utilities, government, education and health services and natural resources and mining.

Not all Florida metro area economies grew last year. Among those reporting GDP declines were Tallahassee, Gainesville, Palm Bay-Melbourne-Titusville and Panama City.