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Tech-Driven Metro Areas Lead 2015 GDP Growth

Tech-Driven Markets Are Driving Economic Growth The ongoing boom in the information technology sector, in areas including social media, cloud computing and cyber security, continues to fuel economic growth across the United States. Technology-driven markets dominate the list of fastest growing economies during 2015, with the San Jose-Sunnyvale-Santa Clara metropolitan area topping the list of large economies with real GDP growth of 8.9 percent in 2015 (top chart). Other notable tech hot spots in the top 10 include the Raleigh metro area (up 7.0 percent), Austin (up 5.0 percent), Portland (up 4.6 percent) and San Francisco (up 4.1 percent). In addition, Denver’s GDP rose 4.0 percent in 2015, with contributions from both the tech and energy sectors

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Source: U.S. Department of Commerce and Wells Fargo Securities