Published on 24 Apr 2024 on Insider Monkey via Yahoo Finance
In this article, we will take a look at the 15 fastest growing cities in Tennessee. If you want to skip our discussion on the economy of the state, you can go directly to the 5 Fastest Growing Cities in Tennessee.
Tennessee’s economy is supported by a range of sectors, including agriculture, healthcare, manufacturing, and tourism. As of the third quarter of 2023, the state's annual real GDP reached $524.9 billion, reflecting a growth rate of 5.2% per year. The retail sector experienced significant economic expansion during this period, with a growth rate of 28.4%. Meanwhile, manufacturing remains the cornerstone of Tennessee's economy, contributing $75 billion to its GDP. Looking ahead to 2024, Tennessee's economic development forecast predicts a growth rate of 1.8%, outpacing the national average of 1.4% for the US.