January 3, 2024 – The scoreboard keeps shining for Music City.
As we’ve often seen, the focus is on Nashville’s economy, which — among metropolitan areas with a population of at least 1 million — ranks second in the nation for inflation-adjusted gross domestic product (GDP) growth from 2021 to 2022, according to a Nashville Area Chamber of Commerce report.
The data from the U.S. Bureau of Economic Analysis emphasized the exceptionally strong rebound from the pandemic, as Nashville outpaced the national average by 83% in 2021 and more than tripled the national average (6.3% vs. 1.9%) in 2022.
“A major strength of Nashville’s economy is its diversity, which means that the impacts of national recessions are softened in the Nashville region,” the chamber said in its analysis. “Recessions are shallower in Nashville and the local economy recovers relatively quickly.”
That success also stretches well beyond the county lines of metro Nashville.
The report also found that Tennessee produced the third-most counties (26) in the top 15% of GDP growth between 2021 and 2022, behind only Texas and Georgia. Leading the way was Sumner County (9.1%), with Davidson next at 6.9% and Williamson, Rutherford, Maury and Wilson each posting at least 5% growth in 2022.
The result: a city that knows how to bounce back in tough times, and a city that is among the nation’s best at making the most of its opportunities to grow in a big way.
Another reason why our city is the right place for Major League Baseball to be, and the Nashville Stars are doing its part to make that a reality in 2024.