Dublin has third-worst local economy in world
The Global Metro Monitor 2011 study, carried out by US financial think-tank the Brookings Institution, ranks 200 of the world’s largest cities each year based on the average income of the population and employment levels.
It specifically focuses on an area’s year-by-year growth or decline, and as such is an indicator of each city’s performance against its own recent history.
While Dublin was among the top 12 at the height of the boom, due to the economic crash it has slumped to 198th of 200 — with fellow bailout capitals Athens and Lisbon the only locations behind it.
Between 2010 and 2011 Dublin — Ireland’s only representative in the rankings — saw income and employment growth rates fall by 0.3% and 3%.
This compares to a 5.6% average increase between 1993 and 2007.
Among the other bottom 10 nations were one city from Greece, three from Spain, one from Portugal, one from Italy and three based in the US.
The top 10 was made up of Shanghai, China; Riyadh, Saudi Arabia; Jeddah, Saudi Arabia; Izmir, Turkey; Hangzhou, China; Ankara in Turkey (6th), Istanbul in Turkey (7th), Shenzhen in China (8th), Santiago in Chile (9th) and Shenyang in China (10th).
* The full report can be found at brookings.edu
