Oregon 2nd best state for growth
Oregon was ranked second in US News’s annual “Best States for Growth” study
July 17, 2019
- Oregon was ranked second in US News’s annual “Best States for Growth” study. The analysis is based on net migration, growth of the young population and GDP growth rate.
- In the GDP growth category, using a three-year compounded annual growth rate of real GDP between 2014 and 2017, Oregon came out on top at 4.3 percent.
- Oregon ranked 3rd in net migration, which was based on the three year average of net migration to and from the state as a percentage of the state’s population. Oregon experienced net migration of 1.2 percent of the population per year between 2014 and 2017, adding 50,000 net new residents per year.
- Young people drive the economy and Oregon ranked 11th in growing the population of 25 to 29 year old's. According to the U.S. Census Bureau's American Community Survey, Oregon’s largest age cohort is 25 to 34 year old's which represent 13.9 percent of Oregon’s total population. This age group grew 5.0 percent between 2014 and 2017.
Source: US News, US Bureau of Economic Analysis, Portland Business Journal