50 in 50: Georgia

50 in 50: Georgia

50 states in 50 weeks: U.S. states economic and infrastructure highlights.

Key Economic Indicators

GDP: $568 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): 2.0% (U.S: 1.6%)

GDP per capita: $53,764 (U.S.: $58,154)

Population: 10.8 million

Population 5-year CAGR (2017-2021): 0.9% (U.S.: 0.5%)

Unemployment: 3.0% (U.S.: 3.9%)

Economic outlook ranking: #15 out of 50

Fiscal health ranking: #23 out of 50

Overall tax climate ranking: #32 out of 50

Key Sectors and Metro Areas

Top five industry sectors by 2021 GDP:

Top three industry sectors by GDP 5-year CAGR (2017-2021):

Top three metro areas by GDP:

• Atlanta-Sandy Springs-Alpharetta
• Augusta-Richmond County
• Savannah

Top three metro areas by population 5-year CAGR (2016-2020):

• Warner Robins
• Gainesville
• Atlanta-Sandy Springs-Alpharetta

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2019): C+

Georgia will receive upwards of $12 billion in funds from the Bipartisan Infrastructure Law (BIL), which will help the state address critical transit, wastewater, and dams infrastructure issues. Georgia performs relatively well in terms of percentage of roads in good conditions and bridge improvements. The City of Atlanta, however, faces an estimated infrastructure backlog of over $1 billion. Weeks ago, a funding program that amounts to $750 million and is believed to be the single largest infrastructure investment in the city’s history, was approved. Additionally, the state was recently awarded two federal railways CRISI grants for two separate projects: along the Heart of Georgia line and along the Georgia Southwestern Railroad, totaling $9.2 million. Over the next five years, Georgia’s BIL funds will address the following categories of projects (additional funds may be deployed as federal grants get awarded to states):

Construction spending (Value of Construction Put in Place – CPiP):

• Private Nonresidential 2020 CPiP: $10.4 billion; 4.4% 5-year CAGR (2016-2020), above overall U.S. CAGR of 2.0%
• State & Local 2020 CPiP: $7.8 billion; 3.5% 5-year CAGR (2016-2020), below overall U.S. CAGR of 4.8%

AE Industry

ENR 500 firm headquarters (2022): 12

M&A activity since 2018:

• 29 deals with buyers from Georgia
• 62 deals with sellers from Georgia

For customized market research, contact Rafael Barbosa at [email protected] or 972.266.4955. Connect with him on LinkedIn.