The GDP in the United States increased 2.3 percent in 2014, but some metropolitan areas flourished more than others, according to the Bureau of Economic Analysis.
Midland, Texas, had the highest GDP growth of any metropolitan area in the United States with a 24-percent increase. The city sits atop the Permian Basin, one of North America’s largest oil reserves. However, that oil was contained in deeply embedded rock formations that remained untouched until the city began using hydraulic fracturing — known as “fracking” — to extract it.
“When people figured out how to [produce oil] through fracking, that was the game changer,” Midland Mayor Wes Perry said in a 2013 interview.
All in all, the longhorn state is looking particularly prosperous. The highest overall growth in a top 10 U.S. metro market was in the Dallas area, which increased by 8.5 percent. San Angelo, another Texas metropolitan area, came in second in the nation with GDP growth of 11.4 percent.
The Gross Domestic Product (GDP) is the monetary value of all goods and services produced within a nation’s geographic borders.
At 1.5 trillion, the New York area has the highest GDP in the country, but it only grew by 2.4 percent. Los Angeles has the second largest GDP at $866 billion, an increase of 2.3 percent over 2013. Chicago was third with $610 billion and growth of 1.8 percent.
The industry with the highest growth overall was professional and business services.
The cost information website, howmuch.net put together the map below, which shows GDP growth by metropolitan area. The higher the cone rising out of the map, the greater the GDP growth in that area.