Analysis: Putnam County has fastest growing local economy in Missouri


Putnam County was ranked the top-performing local economy in Missouri in a Wall St. 24/7 analysis of counties’ gross domestic product growth from 2012 to 2015.

Putnam County recorded a 52.7 percent GDP growth rate over that three-year period, according to the study, which pegged the size of the county’s GDP at $273.6 million. Its fastest growing industry was professional, scientific and management, the report found.

The GDP doubled in several counties on the Wall St. 24/7 ranking. The only state with no counties that grew faster than the national 7.3 percent GDP increase from 2012 to 2015 was Connecticut.

Most of the fast-growing counties in the analysis also reported median household income growth and unemployment declines.

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Fastest Growing Local Economies by State

State

County With Highest GDP Growth

% Growth

County GDP Amount

Fastest Growing Industry

Alabama

Lee

28.1%

$6 billion

Arts, entertainment and recreation

Alaska

Aleutians East Borough

48.0%

$164.3 million

Agriculture, forestry, fishing and hunting

Arizona

Yavapai

12.7%

$5.4 billion

Professional, scientific and management

Arkansas

Van Buren

100.6%

$768.3 million

Construction

California

Santa Clara

30.4%

$254.9 billion

Information

Colorado

Dolores

80.0%

$65.8 million

Arts, entertainment and recreation

Connecticut

Hartford

0.2%

$74.9 billion

Professional, scientific and management

Delaware

Sussex

43.8%

$13.9 billion

Educational services and health care and social assistance

Florida

Walton

53.0%

$2.5 billion

Professional, scientific and management

Georgia

Telfair

54.1%

$351.4 million

Transportation and warehousing and utilities

Hawaii

Kauai

9.9%

$3.7 billion

Arts, entertainment and recreation

Idaho

Payette

31.0%

$788 million

Educational services and health care and social assistance

Illinois

Hamilton

47.5%

$220.6 million

Agriculture, forestry, fishing and hunting

Indiana

Lawrence

36.6%

$1.3 billion

Retail trade

Iowa

Lyon

46.7%

$926 million

Educational services and health care and social assistance

Kansas

Meade

28.2%

$236.4 million

Construction

Kentucky

Livingston

51.9%

$385.5 million

Retail trade

Louisiana

Cameron Parish

110.6%

$1 billion

Agriculture, forestry, fishing and hunting

Maine

Piscataquis 

9.7%

$426.7 million

Educational services and health care and social assistance

Maryland

Washington

26.8%

$7.3 billion

Transportation and warehousing and utilities

Massachusetts

Nantucket

35.9%

$1.1 billion

Educational services and health care and social assistance

Michigan

Mackinac

87.7%

$629 million

Arts, entertainment and recreation

Minnesota

Carver

18.5%

$4.8 billion

Arts, entertainment and recreation

Mississippi

Kemper

47.8%

$421 million

Manufacturing

Missouri

Putnam

52.7%

$273.6 million

Professional, scientific and management

Montana

Golden Valley

82.0%

$41.5 million

Agriculture, forestry, fishing and hunting

Nebraska

McPherson

48.8%

$22.3 million

Arts, entertainment and recreation

Nevada

Clark

12.7%

$97.2 billion

Arts, entertainment and recreation

New Hampshire

Rockingham

8.8%

$18.4 billion

Educational services and health care and social assistance

New Jersey

Somerset

29.6%

$37.4 billion

Professional, scientific and management

New Mexico

Eddy

52.7%

$6.7 billion

Retail trade

New York

Steuben

24.0%

$4.4 billion

Professional, scientific and management

North Carolina

Alleghany

92.1%

$411.5 million

Retail trade

North Dakota

McKenzie

47.7%

$2 billion

Transportation and warehousing and utilities

Ohio

Harrison

129.5%

$732.2 million

Manufacturing

Oklahoma

Washington

106.3%

$5.5 billion

Educational services and health care and social assistance

Oregon

Wheeler

67.7%

$38.8 million

Educational services and health care and social assistance

Pennsylvania

Warren

42.3%

$2 billion

Agriculture, forestry, fishing and hunting

Rhode Island

Washington

12.2%

$5.7 billion

Arts, entertainment and recreation

South Carolina

Laurens

142.8%

$3.4 billion

Arts, entertainment and recreation

South Dakota

Aurora

41.2%

$148.7 million

Educational services and health care and social assistance

Tennessee

Lake

79.6%

$200.5 million

Agriculture, forestry, fishing and hunting

Texas

Roberts

219.6%

$69 million

Agriculture, forestry, fishing and hunting

Utah

Beaver

39.7%

$423.5 million

Retail trade

Vermont

Lamoille

16.1%

$1.2 billion

Retail trade

Virginia

Warren

51.8%

$1.6 billion

Educational services and health care and social assistance

Washington

Whatcom

35.7%

$11.9 billion

Educational services and health care and social assistance

West Virginia

Doddridge

134.8%

$262.3 million

Agriculture, forestry, fishing and hunting

Wisconsin

Forest

20.9%

$346.9 million

Educational services and health care and social assistance

Wyoming

Lincoln

24.5%

$1 billion

Agriculture, forestry, fishing and hunting

Source: Wall St. 24/7

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