Oslo second-richest city in the world: study

Oslo is the wealthiest metropolitan area in Europe and the second richest city in the world in terms of gross domestic product per capita, according to a Brookings Institute study.

The Norwegian capital comes in just behind Hartford, Connecticut, in the study of the 200 richest global cities.

With an average annual income of $74,057 in 2011, Oslo’s wage earners trailed their counterparts in the Connecticut state capital by just over $1,000.

That duo outpaced the chasing pack by a considerable distance: residents of third-placed San Jose earned a relatively modest $68,141, while the denizens of Abu Dhabi floundered in fourth with an average income of $63,859.

In a list dominated by cities in the United States, the only European cities to join Oslo in the top ten were Zurich (6) and Stockholm (8).

This dominance is under threat, however. The Brookings’ study found that 90 percent of the world’s fastest-growing metropolitan economies are located outside North America and Western Europe.

The poorest cities in the world, according to the study, are Cairo, Mumbai and Alexandria.

The fastest-growing metropolitan area is Shanghai, followed by Riyadh and Jiddah.

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