Brooking's Institute ranking of 150 metropolises worldwide by recovery from the recession

The Brooking's Institute Ranked 150 worldwide metropolitan areas by recovery from the recession. Predictably Las Vegas had the lowest ranking in the USA, but ominously it was in the bottom five worldwide. You can google news articles about this report in the Las Vegas Review Journal.

Here is the bottom 50 and the top 50. Predictably asian cities are near the top, with Guadalajara Mexico being the only North American city in the top 25. Austin (rank #26) is the top American metropolis.

Dublin	150	San Francisco	125	Seattle	50	São Paulo	25
Dubai	149	Helsinki	124	Cleveland	49	Riyadh	24
Barcelona	148	London	123	Nashville	48	Kuala Lumpur	23
Thessaloniki	147	Kansas City	122	Moscow	47	Belo Horizonte	22
Las Vegas	146	Hartford	121	Detroit	46	Taipei	21
Valencia	145	Buffalo	120	Sydney	45	Jakarta	20
Riga	144	Glasgow	119	Minneapolis	44	Buenos Aires	19
Johannesburg	143	Vilnius	118	Abu Dhabi	43	Tianjin	18
Madrid	142	Cape Town	117	Baltimore	42	Chennai	17
Athens	141	Los Angeles	116	Monterrey	41	Kolkata	16
Porto	140	Edinburgh	115	New Delhi	40	Guadalajara	15
Atlanta	139	Ljubljana	114	Dallas	39	Melbourne	14
Tallinn	138	Frankfurt	113	Krakow	38	Bangalore	13
Indianapolis	137	Lisbon	112	Washington	37	Mumbai	12
Sofia	136	Berlin	111	Virginia Beach	36	Hyderabad	11
Naples	135	Milan	110	Bangkok	35	Rio de Janeiro	10
Manchester	134	Munich	109	Mexico City	34	Manila	9
Brussels	133	Stuttgart	108	Seoul	33	Beijing	8
Amsterdam	132	Riverside	107	Brasilia	32	Guangzhou	7
Birmingham	131	Rome	106	Bogotá	31	Shanghai	6
Stockholm	130	Budapest	105	Hong Kong	30	Santiago	5
Pittsburgh	129	Cologne	104	Cairo	29	Singapore	4
Rochester	128	Turin	103	Alexandria	28	Lima	3
Philadelphia	127	Portland	102	Montreal	27	Shenzhen	2
Rotterdam	126	Zurich	101	Austin	26	Istanbul	1

Note: This is a ranking by recovery from the recession. Even though Istanbul is #1 and Dublin is #150 that does not imply that Istanbul has a higher standard of living than Dublin, just that it has done the best at recovery to it's pre-recessional position.

Quote: Brookings Report Analysis

Many of the metros in the United States and Europe that flew highest before the recession experienced tremendous falls. Dublin, Madrid, and the three Baltic capitals (Riga, Tallinn, and Vilnius), along with Las Vegas and Riverside (California) in the United States, moved from the top 30 spots pre-recession to the bottom 30 spots during the recession. These regions exhibited significant asset bubbles in the 2000s, as evidenced by the fall in home prices in their respective nations in recent years. Overall, the Great Recession appeared to hit U.S. metros hardest, while it improved the relative position of metros outside the United States and Europe.

P.S. I wrote sea in the poll by mistake. Unfortunately there is no way to correct those entries.

What is it about Istanbul that makes it more recession proof than, say, Manila? When you had almost nothing pre-recession, I guess you don't have much more to lose in an economic downturn.

I see Las Vegas coming back, only because there is so much work already in the pipeline, and apparently, from the Macau/Singapore numbers, a lot of gambling liquidity in South & South East Asia.

Quote: Ayecarumba

What is it about Istanbul that makes it more recession proof than, say, Manila? When you had almost nothing pre-recession, I guess you don't have much more to lose in an economic downturn.

I see Las Vegas coming back, only because there is so much work already in the pipeline, and apparently, from the Macau/Singapore numbers, a lot of gambling liquidity in South & South East Asia.

There is certainly a lot of the "higher you fly, the further you fall" in these rankings.Dublin is one of the great economic miracles of the last twenty years leading to the phrase, The Celtic Tiger.


Detroit is ranked #7 from the top out of 50 major American cities for recovery. When was the last time you saw Detroit in the top 15% of an economic ranking?
Detroit
Minneapolis
Baltimore
Dallas
Washington
Virginia Beach
Austin

Quote: Ayecarumba

I see Las Vegas coming back,

I'm not sure. Vegas was so over-built in the 90's and 2000's that I don't see it coming back to what it was. Like every boom town, its glory days may be gone.