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Brookings Institution Study Ranks Houston as North America’s Fastest Growing Economy

Posted byHoumanitarian

Molly Ryan, Houston Business Journal
Although the vast majority of North American metropolitan economies still fall blow pre-recession levels, a new report from the Brookings Institution found that Houston has the fastest growing metropolitan economy in North America.

Global MetroMonitor Interactive (Brookings Institution) Profile of Houston (above) among 300 largest global cities

Brookings found the bulk of the fastest-growing metropolitan economies are in Asia, Latin America, the Middle East and Africa. North America and Western Europe had the slowest-growing metropolitan economies.

When compared to the world’s 300 largest metropolitan economies, Houston ranked as the 40th fastest-growing economy. However, it trumped most other U.S. cities in terms of growth, Brookings found.

Although Houston is growing rapidly, it still has not completely recovered from the recession. Brookings notes that the city is outperforming the U.S. in terms of employment change, but is not growing as fast in terms of GDP per capita. 
(Read more at Houston Business Journal)

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