50 in 50: Louisiana

50 in 50: Louisiana

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

Key Economic Indicators

GDP: $227.7 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): -0.7% (U.S: 1.6%)

GDP per capita: $49,855 (U.S.: $58,154)

Population: 4.6 million

Population 5-year CAGR (2017-2021): -0.3% (U.S.: 0.5%)

Unemployment: 3.8% (U.S.: 3.9%)

Economic outlook ranking: #20 out of 50

Fiscal health ranking: #40 out of 50

Overall tax climate ranking: #42 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:

• New Orleans-Metairie
• Baton Rouge
• Shreveport-Bossier City

Top three metro areas by population percentage increase in 2021 vs. 2020:

• Hammond
• Lafayette
• Baton Rouge

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2017): D+

Louisiana’s roads, bridges, inland waterways, coastal areas, and drinking water infrastructure are in poor condition according to the last survey conducted by the ASCE.

The state is ranked fourth in the nation in total bridge area and a relatively high percentage of them require structural attention, hence why the state is receiving over $1 billion in bridge funding over the next five years. Last week, the state’s development secretary Shawn D. Wilson announced that Louisiana will receive $63 million from the RAISE grant program as directed by the Bipartisan Infrastructure Law (BIL). The discretionary funds will be allocated to roadways and transportation projects, including the Baton Rouge-New Orleans Inter-City Rail Service. Over the next five years, Louisiana’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 2021 CPiP: $5.1 billion; -23.9% 5-year CAGR (2017-2021), below overall U.S. CAGR of 1.4%
• State & Local 2021 CPiP: $4.1 billion; -0.9% 5-year CAGR (2017-2021), below overall U.S. CAGR of 4.0%

AE Industry

ENR 500 firm headquarters (2022): 1

• 21 deals with buyers from Louisiana
• 20 deals with sellers from Louisiana

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