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Old Dominion University

State of the Region Reports: Hampton Roads

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Full-Text Articles in Economics

Part 1: Life In The Slower Lane: The Hampton Roads Economy, Center For Economic Analysis And Policy, Old Dominion University Jan 2016

Part 1: Life In The Slower Lane: The Hampton Roads Economy, Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

Our regional economy is on track in 2016 to record a “real” (after inflation) economic growth rate of only 1.20 percent – well below our 2.60 percent average economic growth rate over the past 30 years. We have yet to recover all of the jobs we lost in the Great Recession. The outlook for 2017 is not much better.


Part 1: Rebounding, Albeit Slowly, Regional Studies Institute, Old Dominion University Jan 2014

Part 1: Rebounding, Albeit Slowly, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

In a nutshell, our regional economy continues to recover, but still has not regained the jobs lost in the 2008 recession.


Part 1: The Regional Economy Contracts, Regional Studies Institute, Old Dominion University Jan 2009

Part 1: The Regional Economy Contracts, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Defense spending continues to cushion our economic downturn, but two other major drivers, the port and tourism, have contracted. We also report stress tests for our major regional banks.


Part 1: The Regional Economy Downshifts, Regional Studies Institute, Old Dominion University Jan 2008

Part 1: The Regional Economy Downshifts, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The spectacular first half of this decade is fading into the background as our regional economic growth rate has fallen back to the Commonwealth and national averages. Defense spending continues to rise in importance and now is responsible for more than 40 percent of our regional income generation.


Part 1: The Regional Economy Continues To Excel, Regional Studies Institute, Old Dominion University Jan 2004

Part 1: The Regional Economy Continues To Excel, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

In 2004, the Hampton Roads economy will grow about 4.7 percent, the highest rate since 1987. Almost three-quarters of this growth is due to increased expenditures within the region by the Department of Defense. This illustrates the relative importance of defense expenditures in our regional economy.