The U.S. economy continues to expand, but last year offered mixed results for the midstate in terms of growth in gross domestic product.
The U.S. Bureau of Economic Analysis said this week that real GDP growth for U.S. metropolitan areas last year was 1.7 percent, led by growth in professional and business services, information services and finance, insurance, real estate, rental and leasing.
In Central Pennsylvania, the shining stars were Lebanon County and York-Hanover, which came in at 2.5 percent and 2.2 percent GDP growth, respectively. GDP refers to the total value of goods and services produced by an economy over a period of time. Real GDP is adjusted for inflation.
Lebanon County grew by 2 percent in 2015, while York-Hanover was up 0.9 percent, according to the bureau.
Growth was slower in the Harrisburg area and Lancaster County. Lancaster County real GDP was up just 0.3 percent from 2015, while Harrisburg-Carlisle posted a slight decline of 0.1 percent.
Contributing most to Lebanon County’s growth last year was non-durable goods manufacturing, along with the natural resources and mining and information sectors.
In York-Hanover, the biggest growth areas were professional and business services, construction and trade.
The bureau reported real GDP growth last year in 267 of the 382 U.S. metro areas. Real GDP shrunk in the remainder.