AUSTIN - Austin is one of only five metropolitan areas in all of North America to rank in the top 70 of the 300 fastest-growing metropolitan economies worldwide, according to the report by the Metropolitan Policy Program at Brookings Institution.
Austin ranks No. 61 after experiencing a major recession and partial economic recovery. From 2011 to 2012, employment in the Austin metro area increased by 3.1 percent as real GDP per capita rose by 0.9 percent.
Other variables included population and nominal GDP. Houston is the highest ranked U.S. city on the list at No. 40.
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