February 19, 2016

Brookings: Nashville world’s 89th fastest growing metro

Nashville Business Journal
By Annie Johnson
Nashville ranks in the middle of the world’s 200-fastest growing metro economies, though it has dramatically improved its lot over the last four years, according to a new study.
Nashville ranks 89th on a list of fastest-growing metropolitan economies last year, according to the Brookings Institution Metropolitan Policy Program.
Nashville did far better than its prior four-year average, when the MSA ranked 163rd.
Only two metro areas in North America — Houston and Dallas — ranked in the top 40. Of the world’s 200 largest metros, 90 percent of those with the fastest growth were outside North America.
Nashville saw a 2 percent jump in income last year while employment was up 1.2 percent.
“The new economic order is metropolitan,” Alan Berube, a senior fellow at the Brookings Metro Program, said in a news release. “These 200 metros are home to 14 percent of the world’s population, but half its economy.”