Charleston metro area has state’s fastest-growing economy

The Post & Courier
David Wren
September 20, 2016

The Charleston-area economy grew faster than any other South Carolina-based region during the first half of this decade and was one of the nation’s top performers in 2015, a report from the federal Bureau of Economic Analysis shows.

The Charleston-North Charleston metropolitan area — which includes Charleston, Berkeley and Dorchester counties — saw a 14.8 percent increase in its gross domestic product between 2010 and 2015, according to the report released Tuesday. That outpaced the Greenville metro area, home to manufacturers such as automaker BMW, at 10.2 percent for the period.

With an inflation-adjusted GDP of $32.5 billion in 2015, the Charleston metro area grew 4 percent year-over-year in terms of the value of the goods and services it produces. That was the 50th-best growth rate in the nation and well ahead of the 2.5 percent national average.

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