The Free Press
MANKATO — The Mankato-North Mankato Metropolitan Statistical Area saw a 6.63 percent annual gain in gross domestic product from 2010 to 2011, according to Greater Mankato Growth.
The area also had a 10-year GDP gain of 57.8 percent. Both figures are the highest of any of Minnesota’s five Metropolitan Statistical Areas, as well as the state of Minnesota and the U.S. overall.
The information comes from 2011 MSA figures released by the U.S. Bureau of Economic Analysis.
GDP by metropolitan area is a measure of each area’s gross product that is based on national prices for the goods and services produced there.
Here is how the Mankato-North Mankato area’s growth compared to other areas:
Mankato-North Mankato — 1-year change (2010-11), 6.6 percent; 10-year change (2001-11), 57.8 percent.
Rochester — 1-year, -.9 percent; 10-year, 54.3 percent.
St. Cloud — 1-year, 4.3 percent; 10-year, 46.7 percent.
Minneapolis-St. Paul-Bloomington, MN-WI — 1-year, 4.1 percent; 10-year, 43.3 percent.
Duluth, MN-WI — 1-year, 4.4 percent; 10-year, 40.9 percent.
Minnesota — 1-year, 4 percent; 10-year, 39.6 percent.
U.S. — 1-year, 4 percent; 10-year, 46.6 percent.
Greater Mankato Growth aims to advance business to strengthen the community through business support, new business growth, business promotion, talent development, public affairs, community marketing, visitor attraction and servicing and civic engagement.