New Brookings report gives OKC high marks
A new report from the Brookings Metropolitan Policy Program explores the local realities of America’s economic progress, illuminating how metropolitan economies are performing today and over the past decade. Beyond the headlines of the nation’s rising GDP, low unemployment rate and stock market performance, the report finds that truly inclusive economic growth remains rare in metro America.
The new report, Metro Monitor 2019, analyzes trends for the 100 largest U.S. metro areas in growth (size and dynamism of the regional economy), prosperity (average wealth and income the regional economy produces), and several other markers. The report provides analysis both for the latest year of complete data (2016 to 2017), and across the decade from 2007 to 2017.
Over the past decade, Oklahoma City ranked third in percentage change of productivity, fifth in the prosperity index (changes in the average wealth and income produced by an economy), fifth in annual wage percentage change, tenth in fastest-growing Gross Metropolitan Product and twelfth in percentage change for standard of living.
“The results of this Brookings report, showing growth over the last 10 years in these areas, reinforce what those of us who live here already know,” said Roy Williams, Greater Oklahoma City Chamber president & CEO. “The OKC metro is a great place to live, learn, work and play. We expect the growth we have seen over the past 10-plus years to continue. It is an exciting time to be in Oklahoma City.”
To see the data on Oklahoma City, visit www.brookings.edu/research/metro-monitor-2019-inclusion-remains-elusive-amid-widespread-metrogrowth-and-rising-prosperity.