Led By San Jose, The Economies Of Nearly 300 Metro Areas Grew Last Year

September 21, 2016

Thanks to the continued tech boom in the Bay Area, San Jose’s local economy grew 8.9 percent in 2015.

Through data from the Bureau of Economic Analysis, CNBC found growth rates of the nation’s 20 most populous metros. Houston (4.6 percent growth), Portland, Ore. (4.6), Charlotte (4.3), and San Francisco (4.1) also fared well last year.

Despite the recent recession in the oil patch brought by the collapse in oil prices, Texas cities continue to fare well. Houston saw its metro economy grow by 4.6 percent, roughly double the national pace. Among cities with population of more than 2 million, San Antonio (5.9 percent) and Austin (5.0 percent) were among the fastest growing. Dallas was up by 3.6 percent.

CNBC also found that 292 of the nation’s 382 metro areas grew last year.

Read more