On average, they are the most productive parts of the region and the wealthiest as a result.įor all that, however, these places are growing slower than cities in other parts of the world. Together, these cities and their surrounding areas-ranging from 21 million-person Mexico City to 2.5 million-person San Juan-account for 30 percent of Latin America’s population and 40 percent of its economic output. Latin America houses 22 of the 300 largest metropolitan economies in the world. Latin America’s Metro Areas Grew Slower than Global Peers With few exceptions, jobs and average incomes grew slower in Latin America’s major metro areas in 2014 than their global peers. In fact, one has to scroll all the way to 46 to find the highest ranked Latin American metro area on our performance index (Medellin, Colombia). ![]() The list, drawing from our Global MetroMonitor report and interactive, was almost exclusively made up of emerging market metro areas, but one developing region was notably absent: Latin America. ![]() Last month we catalogued the world’s 10 fastest growing metropolitan areas, as measured by employment and GDP per capita growth.
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