{{ AFP National Site
s

Whatcom's GDP rose 4.2 percent in 2012

September 25, 2013 J,

Whatcom County’s gross domestic product grew 4.2 percent in 2012 compared to the previous year, well above the national average increase of 2.5 percent.

The data from the federal Bureau of Economic Analysis puts Whatcom’s GDP at about $9.89 billion, ranking it 187th highest among 381 metro areas.

Between 2011 and 2012, Whatcom County experienced the strongest growth in nondurable goods manufacturing, which includes oil refining and food processing. This area also experienced strong growth in financial activities and durable goods manufacturing (products that don’t wear out quickly), according to the data.

Whatcom County experienced GDP declines in natural resources/mining and information, a category that includes computer software.

Manufacturing has been a bright spot locally as well as across the U.S., said Hart Hodges, director of Western Washington University’s Center for Economics and Business Research. While GDP growth is a good sign, he is concerned about job growth in this area.

 

Like this post? Chip in $5 to AFP.

Join Our Fight

The road to economic freedom starts here.
Join a network of AFP activists in important issue battles across the country, get the inside scoop with breaking news updates and policy alerts, and be the first to hear about special events near your home.  Help us fight for a better tomorrow.  Together, we can work for lower taxes, less government spending, and greater economic freedom for everyone.

Your Information

[contact-form-7 id="544" title="Subscribe"] ×