World’s 300 largest metropolitan economies account for nearly half of global economic output, says a Brookings report.
“Metro areas continue to power national economic growth; most registered faster GDP per capita or employment growth in 2014 than their respective countries,” says Brookings.
It lists the fastest growing metro areas on the basis of employment and GDP per capita growth.
China accounts for the most number of fastest growing cities.
Take a look at the world’s 10 fastest growing metro cities…
Macau, China
Rank: 1
Employment growth: 4.2%
GDP per capita growth: 8.0%
One of the world's richest cities, its GDP per capita by purchasing power parity is higher than any other country in the world, according to the World Bank.
It also has world's largest gambling centre.
Izmir, Turkey
Rank: 2
Employment growth: 6.6%
GDP per capita growth: 2.0%
Izmir is a large metropolis and third most populous city in Turkey. Izmir is a hotspot for trade fairs and exhibitions.
Istanbul, Turkey
Rank: 3
Employment growth: 6.5%
GDP per capita growth: 2.0%
Istanbul is the largest city in Turkey. It is also the country’s economic and cultural hub.
Bursa, Turkey
Rank: 4
Employment growth: 6.4%
GDP per capita growth: 1.8%
Bursa is the fourth most populous city in Turkey and one of the most industrialised metropolitan centres in the country.
Dubai, United Arab Emirates
Rank: 5
Employment growth: 4.7%
GDP per capita growth: 4.5%
A global city, Dubai is business hub of the Middle East and South Asia.
Dubai was rated as one of the best places to live in the Middle East by Mercer
Kunming, China
Rank: 6
Employment growth: 2.9%
GDP per capita growth: 8.1%
Also known as Spring city, Kunming houses several universities, museums, galleries and important economic, cultural, and educational institutions.
Hangzhou, China
Rank: 7
Employment growth: 3.3%
GDP per capita growth: 7%
A major manufacturing base and logistics hub for coastal China, the city has light industry, agriculture, and textiles.
Xiamen, China
Rank: 8
Employment growth: 2.6%
GDP per capita growth: 8.6%
Xiamen is one of the best cities to live in China. The city has a well-developed economy.
Ankara, Turkey
Rank: 9
Employment growth: 5.7%
GDP per capita growth: 1.1%
Ankara is the capital of Turkey and the second largest city.
It is home to several industries, Turkish defence and aerospace companies.
Fuzhou, China
Rank: 10
Employment growth: 2.7%
GDP per capita growth: 8.0%
Fuzhou is an economic and industrial hotspot.
It is a hub for food-processing, engineering, paper making, printing, and textile industries.
