Economy in Mississippi metro areas grow slowly in 2015
JACKSON, Miss. (AP) — Metropolitan areas in Mississippi saw mostly subpar economic growth in 2015, the third year of slow or no growth for the state’s urban centers.
Gulfport-Biloxi-Pascagoula did best, growing 1.8 percent from 2014, according to numbers released Tuesday by the federal Bureau of Economic Analysis. That growth was boosted by an increase in nondurable goods manufacturing, which is tied on Mississippi’s Gulf Coast to performance at Pascagoula’s Chevron Corp. refinery.
Hattiesburg posted 1.1 percent growth, while the economy in the Jackson area was flat. The Memphis, Tennessee, area, including part of Mississippi, grew 0.4 percent.
Mississippi’s economy grew 0.7 percent in 2015 after two years of recession.
The nation’s 382 metro areas grew 2.5 percent, on average, in 2015
Gross domestic product seeks to measure all economic output of an area.