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2019 Greater Oklahoma City Economic Forecast

tags: business
Posted by: Greater Oklahoma City Chamber on Tuesday, February 19, 2019 at 12:00:00 am

According to the Greater Oklahoma City Chamber’s 2019 Economic Forecast, an annual report looking at the year ahead for the Oklahoma City economy, the metro’s economy is expected to continue to grow in 2019. In fact, job growth this year is expected to increase by 2.1 percent or 13,600 jobs.

The report also highlights OKC’s impressive population growth. The OKC MSA has grown to 1.4 million people and is expected to add more than 200,000 people by 2020. If the metro continues its current population growth, 2 million people will live here by 2040.

According to the report, urbanization continues to benefit the two largest metros in the state. This is specifically seen in looking at how much of the state’s economy and growth can be attributed to the Oklahoma City and Tulsa metros. Combined, Oklahoma City and Tulsa MSAs now account for 70 percent of the state’s GDP, 66 percent of personal income, and 60 percent of total population (or $7 out of every $10 of goods & services, two out of every three dollars of personal income and three out of every five people).

You can read the forecast at www.OKCChamber.com/forecast.

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