World's strongest economies
A new report released this week by the Martin Prosperity Institute looks into the strongest economies across the globe, assessing six factors to determine which metropolitan areas are the most economically powerful. And Fairfield County landed among the top 25, tied with spots like Helsinki, Finland; Sydney, Australia; and Washington, D.C. at No. 19.
Leader of the study, Richard Florida, explained the methodology in this post, summing up the six factors he looked into while ranking the cities: Overall economic clout; Financial power; Global competitiveness (for which he used two measures); Equity and quality of life; and GDP per capita.
Here’s how the rankings shook out:
Looks like Fairfield County isn’t the only Connecticut appearance on the list. Hartford landed above the Bridgeport metro area, tied with Stockholm and Toronto at No. 12.
Florida included several other rankings in his post over at CityLabs, and if you read through, you’ll notice it’s only on the last ranking, which includes local GDP, that Bridgeport makes the cut. Florida notes:
Here, Macao and Boston leap up the list. Hartford, Connecticut, another new entrant, moves to become tied for 12th. San Jose, in the heart of Silicon Valley, is tied for 15th; Houston is 17th; and Bridgeport, Connecticut, is tied for 19th.
Interestingly, for all the talk of their rapid growth and huge populations and economic size, the Chinese metros of Shanghai and Beijing fall off this list, as do Geneva, San Francisco, and Moscow.