Oklahoma City’s Gross Metropolitan Product grew by 33 percent from 2001 to 2005
8/8/2007
The Greater Oklahoma City Chamber today cited a report stating Oklahoma City’s gross metropolitan product grew by 33 percent between 2001 and 2005.
With a $43.1 billion GMP, Oklahoma City surpassed the GMP of regional cities Kansas City; Omaha, Neb.; Nashville, Tenn. and San Antonio, Texas as well as the U.S. economy, which grew 23 percent in the time period.
Oklahoma City’s GMP also outpaced the gross state product of Alaska, South Dakota, Montana, Wyoming and North Dakota. Oklahoma City’s GMP accounted for 35.4 percent of the state’s gross state product.
“These numbers truly reflect how Oklahoma City's economy continues to expand,” said Greater Oklahoma City Chamber President and CEO Roy H. Williams in a statement. “They help paint the picture of Oklahoma City's success, which can be attributed to its diverse economy, and establish the foundation for the next stage of growth this city is on the verge of experiencing.”
Recent U.S. Census Bureau statistics indicate the Oklahoma City area’s population has grown 1.26 percent in 2005-06 to 537,734. Currently, Oklahoma City ranks 13th among 33 cities with more than 500,000 people in one-year growth.
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