OUTCOMES

Outcomes measure the growth of the regional economy as a whole and on a per person basis, the extent to which economic growth is enjoyed by everyone, and the attractiveness of the region to its current and potential residents. Outcomes are shaped by our performance within the following drivers and indicate whether we are making progress toward our goal of economic competitiveness and prosperity.

Tampa Bay leads in Net Migration, evidence of the region’s attractiveness. Our young adult in-migration rate continues to improve; Tampa Bay ranks 8th at 8.18%.

Tampa Bay’s Unemployment Rate has improved over the last three reports, currently ranking 5th.

Although fewer workers remain unemployed, a ordability remains a concern. Following national trends, Tampa Bay saw an increase in overall poverty, where 12.74% of the region lives at this threshold. In contrast, Full-Time Worker Poverty Rates improved. Tampa Bay ranks 11th among comparison communities at 2.18%, just above the national average of 2.31%. Seattle is the top performer at 1.31%.

Tampa Bay’s per capita Gross Regional Product (GRP) has also improved, with year-over-year performance increasing from $41,620 to $45,222. However, the region continues to rank 20th for the sixth consecutive year, every year this report has been released. Although the growth rate of Tampa Bay’s GRP is 7.64%, which is above the national average, the region has fallen in rankings from 5th to 9th.