Oklahoma and Tulsa counties have the highest GDP growth in Oklahoma and rank 120th and 158th nationally in a new study of counties with the highest investment activity.
The study identifies the places across the U.S. that are receiving the most incoming investment in 2024. It measured investment in counties across three metrics: business establishment growth, gross domestic product (GDP) growth and new residential building permits using U.S. Census Bureau data.
The SmartAsset study found the annual GDP growth is 4.05% in Oklahoma County at $16,469 and 3.19% in Tulsa County at $12,976. Rounding out the top five in the state are Cleveland County at .99%, Canadian County at .47% and Comanche County at .34%.
GDP is the total value of all finished goods produced and services provided. The study used real growth (inflation-adjusted) in the local economy.
Oklahoma County ranked 39th in the U.S. for business growth based on the change in the number of businesses established over a three-year period. New business ventures were up 118.29% in the county. Woodward County was next with 26.18% business growth, followed by Tulsa County at 11.21%.
Lastly, the study looked at investment and development in the local residential real estate market based on the number of new building permits per 1,000 homes.
McClain County topped the Oklahoma list and ranked 84th nationally with 27.84 permits per 1,000 homes, followed by Wagoner County with 14.66.
Overall, the study shows the highest investment activity in Oklahoma was in McClain County, which ranked 111th in the U.S. with an incoming investment index of 23.9. Oklahoma County (17.03) was ranked 249th nationally, followed by Tulsa County (12.99) and Wagoner County (12.68).
National rankings
Hidalgo County, Texas, the county with the most incoming investments, topped the rankings with a value of 100.
Los Angeles County, California, with an income investment value of 87.15 was second, followed by Jasper County, South Carolina (79.12), Jackson, Georgia (58.74) and Brunswick, North Carolina (57.19).
The study reports the national average in each category is 7.17% in business growth, $3,3368.27 in GDP growth and 6.56 new building permits per 1,000 homes.
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