The Oklahoma City metropolitan area led the state in gross domestic product growth in 2012 but lagged the national average, the federal Bureau of Economic Analysis said Tuesday.
Oklahoma City's metro posted a 2.2 percent growth rate, according to preliminary figures. That put it at No. 152 out of the nation's 381 metro areas. Nationwide, metro area GDP grew by an average of 2.5 percent, up from 1.7 percent growth in 2011.
At more than $63.3 billion, the Oklahoma City metro area's GDP ranked 46th in the nation last year, the bureau said. It was $61.4 billion in 2011.
Oklahoma City's metro had GDP growth of 2.6 percent in 2011 and 1.1 percent in 2010.
The bureau said growth in financial activities, leisure and hospitality and government sectors contributed to the area's 2.2 percent growth rate in 2012. It didn't release GDP breakdowns for larger sectors such as manufacturing, trade and mining because of disclosure requirements.
Tulsa's GDP grew by 0.3 percent in 2012, while the Fort Smith, Ark., area, which includes part of eastern Oklahoma, posted a growth rate of 1.6 percent. The Lawton-Fort Sill metropolitan area GDP contracted by 2 percent.
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