Greater Hartford’s economic output is the second-highest in the country, according to a study released Wednesday by The Brookings Institution.
The region’s gross domestic product per capita —the market value of goods and services produced here relative to the population of 1.2 million — was $76,510 last year, the study said.
That put the metro area second to only San Jose, Calif., in the U.S. Among the largest global metros, Hartford was behind only Oslo, Norway and Zurich, Switzerland.
But with 0.3 percent GDP per capita growth between 2013 and 2014 and 0.4 percent employment growth, the region’s growth is lagging in comparison, ranking 66th among U.S. metros and 239th globally, Brookings said.
Economies that rely on financial services and business and professional services tended to grow more slowly, Brookings said, while those that rely on commodities — such as Houston — grew more quickly.
Developing economies, such as those in Asia and Eastern Europe, posted the highest growth rates.
The Hartford area’s GDP per capita and employment remain below 2007 levels, meaning it has not recovered from the recession.
It has plenty of company in that regard, though more metros are crossing over into recovery.
In the U.S., 32 of 80 large metros returned to recovery in 2014, up from just 17 in 2012, the study said.
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