Georgia’s GDP: “Obviously all is not well down there”

According to Newgeography.com the real per capita Gross Domestic Product of Georgia has actually declined from the years 2000-2009. Below is the map showing that the states with the largest decline in per capita GDP are Michigan and Georgia.

To quote the author, Aaron Renn, “Some of the fast growing Sun Belt states added people at a faster rate than they grew economic output. Georgia in particular is worth noting, because even metro Atlanta has been showing declining real per capita GDP. In fact, Georgia actually declined by more than Michigan did on this metric, so obviously all is not well down there.”

I was really shocked to see this but it does remind me of a map I saw a while back that showed the migration of people in and out of Georgia along with their incomes. The first thing I noted about that map was that Georgia had a positive net migration but the people moving in had much lower incomes than the people moving out.

Looking on the bright side, the good news is that more people are moving to Georgia than leaving. The bad news is that the people moving in have lower incomes.

Read the whole thing here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s