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Show ECONOMIC GROWTH 200 GROSS REGIONAL PRODUCT in O CD The Lower Colorado Region is a part of the fastest growing area in the United States. Population projections reflect an annual regional growth of 3.7 percent from year 1965 to I98O, 3.2 percent from year 1980 to 2000, and 2.3 percent from year 2000 to 2020 compared with the projected annual growth rate for the Nation of 1.3 percent. Regional population is projected to increase from 1.9 million in 1965 to almost 7 million by 2020. Employment in the Region is projected to increase from about 676,000 in 1965 to almost 3 million by year 2020 (320 percent increase), when about ko percent of the total population will be employed. Per capita personal income in the Region for 1965 was $2,292, about 10 percent below the national average, and is projected to nearly equal that of the Nation, more than $12,000 in 2020. In general, output levels of the primary industries, agriculture, forestry, and mining, are expected to more than double during the projection period, but manufacturing and the noncommodity producing industries will contribute greater percentages of total output in 2020. Gross regional product is projected to increase from the 1965 level of $6.0 billion to $113.5 billion in year 2020. 1965 2020 |
