Calgary economy receives a top international ranking
Calgary is ranked as Canada’s top city for economic performance in 2014 and 53rd internationally in a new survey by the Brookings Institution and JP Morgan Chase.
It was also ranked 14th overall for GDP per capita.
The Global MetroMonitor looked at GDP per capita and employment growth of 300 major metropolitan markets around the world in 2014.
The international ranking for other Canadian cities was: Edmonton, 62nd; Vancouver, 74th; Quebec City, 80th; Toronto, 197th; Ottawa, 229th; Winnipeg, 279th; and Montreal, 285th.
The top five centres in the world in order were Macau, Izmir, Istanbul, Bursa and Dubai.
The top North American centre was Austin, Texas at 38th.
When measuring the largest differences in growth between a metropolitan centre and its country, Calgary was fifth in the world for GDP per capita growth. The report said the city measured 3.1 per cent in 2014 compared with 1.2 per cent for Canada for a difference of 1.9 per cent.
Edmonton topped all international cities with a 3.4 per cent difference in employment growth. The city’s employment growth was 4.0 per cent compared with 0.6 per cent nationally.
The report said Calgary’s GDP per capita was $64,540. The top centre was Zurich at $82,410 while the top place in North America was San Jose at $77,440 which placed it third overall.
mtoneguzzi@calgaryherald.com
It was also ranked 14th overall for GDP per capita.
The Global MetroMonitor looked at GDP per capita and employment growth of 300 major metropolitan markets around the world in 2014.
The international ranking for other Canadian cities was: Edmonton, 62nd; Vancouver, 74th; Quebec City, 80th; Toronto, 197th; Ottawa, 229th; Winnipeg, 279th; and Montreal, 285th.
The top five centres in the world in order were Macau, Izmir, Istanbul, Bursa and Dubai.
The top North American centre was Austin, Texas at 38th.
When measuring the largest differences in growth between a metropolitan centre and its country, Calgary was fifth in the world for GDP per capita growth. The report said the city measured 3.1 per cent in 2014 compared with 1.2 per cent for Canada for a difference of 1.9 per cent.
Edmonton topped all international cities with a 3.4 per cent difference in employment growth. The city’s employment growth was 4.0 per cent compared with 0.6 per cent nationally.
The report said Calgary’s GDP per capita was $64,540. The top centre was Zurich at $82,410 while the top place in North America was San Jose at $77,440 which placed it third overall.
mtoneguzzi@calgaryherald.com
