Istanbul Ranks World’s 7th Fastest Growing Metro Area

Istanbul ranks in the top ten of the world’s fastest growing metro areas, according to a report by the Brookings Institution.

The Global MetroMonitor tracks economic growth in the world’s 200 largest metro areas, both in terms of employment and per capita income. For 2011, Istanbul came in at number 7.

Turkey’s three largest cities claim a spot on the fastest-growing metropolitan economies list prepared by the Brookings Institution. İzmir, Ankara and Istanbul took the fourth, sixth and seventh places respectively.

The Global MetroMonitor report served as “an analysis of per capita income and employment changes in the 2010 to 2011 period for 200 of the world’s largest metropolitan economies, which account for nearly one-half (48 percent) of global output but contain only 14 percent of world population and employment.”

China, Saudi Arabia, Turkey and Brazil accounted for more than half the world’s forty fastest-growing metro areas. The US and Britain, by contrast, accounted for half of the forty weakest metros.