BUSINESS

U.S. Cities With Economies That Surpass Those Of Entire Nations: Report

07/23/2012 05:49 pm ET

Never underestimate the power of an American city.

U.S. cities comprise more than one-third of the 100 largest economies in the world, and that's including entire nations, according to a recently released report by the U.S. Conference of Mayors. What’s more, the gross product of U.S. metros reaches $13 trillion, or nearly one-quarter of the economic output of the 200 largest countries combined.

There's no shortage of U.S. cities that best the economies of well-known countries. Take Seattle, a city that has a higher gross product than that of Portugal, Chile and Ireland.

But while U.S. metropolitan areas have been responsible for the vast majority of the U.S. economy's recovery, according to the report, recent news has some worried about the nation's municipal health. In California, three cities declared bankruptcy within two weeks of each other this month -- Stockton, San Bernardino and Mammoth Lakes.

And a big economy doesn't necessarily translate into a prospering one. Miami, Atlanta and Los Angeles, among the top ten largest U.S. metro economies, were also included in the top five cities where residents are worst off financially, according to a May report.

Check Out These 10 U.S. Cities With Economies That Surpass Entire Nations:

U.S. Cities With Economies That Surpass Those Of Entire Nations

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