50 in 50: Mississippi

50 in 50: Mississippi

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

Key Economic Indicators

GDP: $104.0 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): -0.4% (U.S: 1.6%)

GDP per capita: $35,608 (U.S.: $58,154)

Population: 2.9 million

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

Unemployment: 3.6% (U.S.: 3.9%)

Economic outlook ranking: #27 out of 50

Fiscal health ranking: #32 out of 50

Overall tax climate ranking: #30 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:

• Jackson
• Gulfport-Biloxi
• Hattiesburg

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

• Hattiesburg
• Gulfport-Biloxi
• Jackson

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2020): D+

Bridges, dams, drinking and wastewater systems, inland waterways, levees, and roads in Mississippi received a grade of D or worse from the ASCE, meaning these assets are in poor conditions and at risk of failure. Communities like Jackson are encouraged to apply for EPA funds as they have had significant issues with water treatment, including lead contamination.

The state welcomes the $150 million in funds for Amy Corps’ Work Plans, which will tackle coastal improvements, floodproofing, water, and ports and harbors structures. Additionally, as part of a RAISE discretionary program grant, Mississippi was recently awarded $15 million intended to make transportation systems safer and more accessible as well as revitalizing communities in Yazoo City, Tupelo, and Ripley. Over the next five years, Mississippi’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: $949 million; 8.6% 5-year CAGR (2017-2021), above overall U.S. CAGR of 1.4%
• State & Local 2021 CPiP: $1.7 billion; -9.2% 5-year CAGR (2017-2021), below overall U.S. CAGR of 4.0%

AE Industry

ENR 500 firm headquarters (2022): 2

M&A activity since 2018:

• 2 deals with buyers from Mississippi
• 3 deals with sellers from Mississippi

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