Twin Cities' GDP among top 5 in nation for growth


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

Cameron Champ

Final round helps Cameron Champ win 3M Open

Champ picked up his third career victory on Sunday afternoon.

Screen Shot 2021-07-25 at 1.08.41 PM

Clinton elevator fire prompts evacuation in western Minnesota

A massive blaze could be seen from far away Sunday.

Bob Motzko

Mack Motzko, son of Gophers coach Bob Motzko, dies in car crash

The crash happened late Saturday night in Orono.

police tape

Victims of triple homicide near La Crosse identified as young men

The victims are ages 24, 24 and 23, respectively.

Screen Shot 2021-07-25 at 7.26.01 AM

Dive team finds body of missing 13-year-old girl in Chanhassen lake

The girl had last been seen on a float on Lake Minnewashta.

Fairmont Raceway

MN race track under fire after announcer's racist remarks

The Fairmont Raceway voiced support for the announcer on social media.

Grayson Murray

Grayson Murray criticizes PGA Tour after pulling out of 3M Open

After withdrawing with a knee injury, Murray unloaded on his Twitter account.

Screen Shot 2019-07-18 at 9.10.30 AM

Minneapolis residents will vote on replacing MPD with new public safety department

The Minneapolis City Council approved language for the ballot question Friday.


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.