NORRISTOWN PA – Montgomery County ranks third of 10, and neighboring Chester County ranks fifth on a list of what SmartAsset, a New York-based financial technology company, calls “the top performing economies in Pennsylvania.” The list was released Tuesday (Oct. 27, 2015).
Montgomery County experienced a 4.6 percent growth index, according to SmartAsset, behind only Allegheny and Philadelphia counties with indexes of 6.0 and 4.80 respectively. The index is calculated by measuring the change in value of each county’s gross domestic product (GDP) over a four-year period.
SmartAsset claimed Montgomery County’s GDP grew by $1.69 billion during the study period. Chester County, with an index of 2.5, grew its GDP by $910 million, it added. The numbers for all 10 ranking counties appear in the chart above. The rankings are part of a broader study on areas with the most incoming investment in the US, found here.
Top photo from Google Images; Norristown chart photo by Mjedmond via WikiMedia