Economic activity in Baton Rouge continued to increase in 2008, while growth of the U.S. gross domestic product slowed down. The value of all goods and services produced in metro Baton Rouge was $27.7 billion in 2008, a 1.1% increase over the year before, according to figures from the U.S. Bureau of Economic Analysis. That’s better than the 0.8% increase reported in Capital Region GDP in 2007. At the same time, the GDP in U.S. metro areas was up 0.8% in 2008, down from the 3% growth in 2006 and the 2% increase in 2007. Baton Rouge was one of 146 metro areas to see accelerated growth last year. The Capital Region was the only metro area in Louisiana to see its GDP growth accelerate from 2007 to 2008. The GDP in Lafayette, Lake Charles, Monroe, New Orleans and Shreveport actually contracted in 2008, while Alexandria and Houma-Thibodaux continued to grow, but at a slower pace. See the full report here.
B.R. economy growing faster than rest of U.S.
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
