Get our free newsletter
A new report by cost-information website howmuch.net shows that the D.C. region’s economy grew anemically as compared with other major U.S. metropolitan areas last year.
Although the country’s gross domestic product increased 2.3 percent in 2014 (up 0.4 percentage points from 2014), “Washington, D.C. had the lowest GDP growth in the top ten [most populous] metropolitan areas at just 0.3 percent,” according to the report. GDPs rose in nearly 3 out of every 4 metropolitan areas analyzed by the site; the Dallas, San Francisco, and Atlanta metro areas grew the most among those 10 at 8.5, 5.2, and 3.0 percent, respectively.
The website finds that “professional and business services” saw the highest growth among other industries, including wholesale and retail trade, finance, insurance and real estate. But to really see economic growth, consider moving south to Texas: The Lone Star state had the two highest growth rates of all metro areas studied—Midland (24.1 percent) and San Angelo (11.4 percent).