Austin improves ranking among world's best metro economies

Jan 22, 2015
Austin Business Journal

Austin is not just one of the fastest-growing economies in the United States. It also ranks among the top global cities, according to a report by the Brookings Institution


The report, the 2014 edition of Brookings' Global MetroMonitor, ranks the economic performance of the world's 300 largest metropolitan economies. Released Thursday, the report said Austin had the 38th fastest growing economy in the world in 2013 and 2014. That's a far sight better than Austin faired in the previous edition of the report, when Austin was ranked the 65th fastest-growing economy in 2011 and 2012, and miles ahead of its placement in the 2007-2011 edition of the report when Austin ranked No. 208


The top side of the fastest-growing metro economies on the list is dominated by cities in the developing world, particularly in Asia and the Middle East. Macau, the Chinese gambling mecca, ranks No. 1 on the list, followed by Izmir, Istanbul and Bursa, all in Turkey


Austin was sandwiched between Dongying, China at No. 67 and ahead of Houston at no. 69


Austin grew its economy by 1.9 percent in 2013 and 2014, according to the report, far ahead of the 0.4 percent economic growth seen across the nation in that time



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