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Sunday, May 27, 2018
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Report: Tampa area economy to be Florida’s fastest-growing

TAMPA — The Tampa area is on track to be the fastest-growing region in Florida this year, according to an report released this week by the U.S. Conference of Mayors.

The report projects the Tampa metropolitan area – Hillsborough, Pinellas, Pasco and Hernando counties – to grow 3.2 percent this year, making it the 16th fastest-growing metro area in the country.

“U.S. metropolitan areas are the engines of domestic output and titans of the global economy,” the report said.

The Tampa region’s rate of economic growth has more than doubled since 2011 as the region continues to recover from the Great Recession.

The region has a gross domestic product of $125.5 billion this year, up about $6 billion from last year, the conference report said.

In Florida, only the Miami area has a larger economy. At $283.4 billion, it is more the double the Tampa region’s and grew $9.3 billion from 2012.

The Orlando area has the state’s third-largest economy: $109.8 billion this year, up $3.7 billion from 2012.

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