Skip to main content

Twin Cities' GDP among top 5 in nation for growth

  • Author:
  • Updated:

The Twin Cities was among the top five metro regions in the nation for economic growth in 2012, according to data released Tuesday by the U.S. Bureau of Economic Analysis, the Pioneer Press reports.

Solid growth in financial services and durable goods manufacturing helped spur more than $7 billion in economic activity to the Twin Cities, the newspaper notes.

The Star Tribune reports that real estate sales are also propelling an economic surge in the Twin Cities.

Real GDP, which is the value of goods and services produced, adjusted for inflation – ticked up 3.9 percent in the metro last year, according to the report. The Twin Cities was No. 13 among metro areas in real GDP, and it had the fifth-best growth rate.

The four metro areas that grew faster than the Twin Cities in 2012: Houston, Dallas-Fort Worth, San Francisco and Seattle-Tacoma.

Growth was uneven around the state, although most areas saw at least small growth, the Pioneer Press reports. Duluth-Superior metropolitan statistical area, which includes Minnesota's Iron Range, was among those that lost ground, with a 2 percent dip.

Next Up

Screen Shot 2022-10-06 at 3.04.24 PM

Former Hennepin County commissioner arrested for DWI

The 61-year-old was being held in Hennepin County Jail as of Thursday morning.

Evie Carshare

Electric carshare network showing growth in Twin Cities

Over 25,000 trips have been logged in a six-month span.

Screen Shot 2022-10-06 at 1.11.01 PM

Popular Apple Valley ice arena could be replaced

A concept plan to transform the ice arena is being considered.


Low river levels bring cancellations for St. Paul-New Orleans Viking cruises

The low water also impacted some barge traffic making its way down the river.

10.6 Tempest Weather Thumbnail

Drought tightens grip as Twin Cities reaches 'extreme' level

By this time last year, drought was fading fast in Minnesota.

Screen Shot 2022-10-06 at 11.23.49 AM

Woman missing since car crash has been found

The 49-year-old is believed to have been driving when the crash happened.

COVID-19 vaccine testing Mall of America

Minnesota's COVID-19 update for the week ending Tuesday, Oct. 4

The 7-day average number of cases has been dropping.

Life Link

Man airlifted after being pinned under truck in northern MN

The incident happened near Nisswa, Minnesota.

Screen Shot 2022-10-06 at 8.37.44 AM

St. Paul company ends corrugated manufacturing, cutting 130 jobs

The facility produces around 200,000 tons of corrugated packaging every year.


Met Council predicts economic, population growth for Twin Cities

The metro area's population will grow by a third and the "gross metro product" will reach $400 billion during the next three decades, according to a report from the Metropolitan Council. "Our forecast finds that migration for economic reasons will be a strong factor in our expected population growth," says the council's chairwoman, Susan Haigh.