Forbes recently ranked Orlando as the second fastest growing metropolitan area in country, based on the growth of population, employment, wages, economic output, and home price growth. Orlando’s job growth for 2016 came in at No. 1, while its projected job, gross metro product (GMP) and wage growth for 2017 both ranked No. 2 out of all 382 U.S. metropolitan areas.
According to Forbes, Orlando is one of the top 25 metropolitan areas across the country experiencing the biggest economic surges. Forbes’ list also considers project growth rates, indicating a bright economic future of these metropolitan areas.
Forbes highlighted these statistical indicators for Orlando’s No. 2 ranking:
- Population Growth 2016: 2.95% (No. 2)
- Projected Pop. Growth 2017: 3.14% (No. 2)
- Job Growth 2016: 4.57% (No. 1)
- Projected Job Growth 2017: 3.54% (No. 2)
- GMP Growth 2016: 3.86% (No. 6)
- Projected GMP Growth 2017: 6.31% (No. 2)
- Wage Growth 2016: 6.08% (No. 12)
- Projected Wage Growth 2017: 8.22% (No. 2)
- Home Price Growth 2016: 9.52% (No. 12)
- Projected Home Price Growth 2017: 8.64% (No. 2)
Read the full list here.