MENU
Wednesday, February 8, 2023
In 2023, the Oklahoma City metro should continue to show positive growth despite slowing national economic conditions, according to the Greater Oklahoma City Chamber’s annual Greater Oklahoma City Economic Outlook.
The Oklahoma City MSA now accounts for 41% of the state of Oklahoma’s total GDP, or four out of every ten dollars of goods and services produced.
Last year saw the metro returning to pre-pandemic employment heights. In 2022, the economy experienced year-over-year nonfarm annual job growth of 3.4% or a gain of 22,000 jobs in the Oklahoma City MSA (preliminary estimates). The largest percentage year-over-year job gains (all over 5%) were found in mining/oil & gas (+11.6%), transportation, warehousing & utilities (+7.6%), wholesale trade (+6.9%), administrative services (+5.8%) and health care (+5.5%). The only sectors experiencing declines were found in information (-3.5%), state government (-1.1%) and financial activity (-0.2%).
