Birmingham Area Economic Report, Q4 2019

This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context.

Click here to download the full report with a more in-depth look at the statistics.

The charts below show a snapshot of local report findings. Local data is shown from December 31, 2018 to December 31, 2019. The relative performance compared to national trends is presented using data through September 30, 2019 (rather than December 31, 2019) due to a lag in the national data.  In summary, the Birmingham economy continues to improve, as evidenced by continued growth in three of the five categories below; however, the Birmingham area still lags regional peers.

Figure 1: Local Area Trend, Last Twelve Months as of December 31, 2019

 

Figure 2: Local versus National Trend (Relative Year-to-Year Change), as of September 30, 2019

 

 


In this report, Local Area is defined as the following for each category: Total Employment (Birmingham-Hoover MSA), Retail Sales (Avg. of City of Birmingham and Jefferson County), Occupational Tax (City of Birmingham), Electricity Sales (Birmingham-Hoover MSA), and Airline Enplanements (Birmingham Airport). See the full report for other relevant notes.