The Free Press, Mankato, MN

Local News

September 18, 2013

Mankato's GDP growth leads the state

2012 economic growth in top 12 percent nationally

(Continued)

Other statistics hinted at solid growth in the local economy in 2012 and 2013, particularly many months of strong job creation and low unemployment numbers, Zierdt said. That level of hiring strongly suggested that local employers were producing and selling goods and services at a rapid pace, and the GDP numbers confirmed it.

"It's wonderful news that we continue to see these demonstrations of the economic might of greater Mankato," he said.

While the local economy's growth is well above average, it has a long way to go to catch up to the big boys in overall size.

Mankato-North Mankato's economic activity reached $4.3 billion in 2012, the 318th largest economy in America. The New York City metro area, with an economy of nearly $1.4 trillion, is the nation's largest and the equivalent of nearly 350 Mankatos.

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