Hampton Roads placed in the middle of the pack in two reports released Tuesday on exports and gross domestic product.
The region ranked 54th of 100 metropolitan areas in the value of its exports last year, according to a study by the Brookings Institution, a Washington think tank. The report counts exports produced in Hampton Roads, not those that pass through the port from elsewhere.
The value of exports from Hampton Roads totaled $6.23 billion in 2012, or 7.2 percent of the area's total economic output, said the Brookings report, "Export Nation." It was significantly less than the 13.9 percent share that exports contributed to the output of all metro areas.
Broken down by industry, shipping and meat and poultry products were the largest sources of exports from Hampton Roads, at 7.5 percent and 7 percent, respectively.
Meanwhile, the total economic output - or the value of all goods and services produced - in Hampton Roads grew 2 percent last year, the federal government reported Tuesday.
That was less than the 2.5 percent average increase for metropolitan areas in 2012, said the Bureau of Economic Analysis, a division of the U.S. Commerce Department.
But it was higher than the past two increases - 1.2 percent in 2010 and 0.5 percent in 2011 - in Hampton Roads.
The region ranked No. 166 among 381 U.S. metropolitan areas in terms of its increase in output, or gross domestic product, the bureau said.
Old Dominion University's Economic Forecasting Project last month predicted that the region's domestic product, constrained by the effects of sequestration-related defense cuts, would grow 1 percent this year.
Philip Walzer, 757-222-3864,firstname.lastname@example.org