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The Brookings Institute has released an interactive map
showing economic growth data (real GDP per capita and employment change) for the largest 300 metropolitan areas in the world for three periods:
- 2011 to 2012, the latest year of a still-volatile period for the global economy;
- the minimum year of growth between 2007 and 2011; and
- 1993 to 2007, which provides the long-run trend each metropolitan area followed prior to the recession
and ranks each accordingly.
So say Emilia Istrate and Carey Anne Nadeau (www.brookings.edu) in edited excerpts from their original article entitled Global MetroMonitor (with a hat tip to Simon Black (www.sovereignman.com) and his comments on the subject in his latest newsletter).
This article is presented by www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
They go on to say, in part:
It further shows:
- how metropolitan areas performed relative to their countries between 2011 and 2012 and
- identifies the degree to which metro areas have recovered from the downturn.
The interactive also provides:
- a series of basic economic data for each metropolitan area, including industry composition of metro output, population, metro area GDP, and metro area GDP per capita.
The map then color codes each city by quintile. Dark blue represents the strongest economic growth over the three periods, orange and red represents the weakest. Below is an overview of the map but you can go here for the detailed interactive map of contents described above.
As you can see, most of the orange and red is in Europe, Japan, the USA and Canada while most of the dark blue is in Asia, the Middle East, Eastern Europe, Mexico and Chile.
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