Ungated Post | 07 Dec 2016
The largest 100 cities: a clear shift Eastwards
We expect significant changes in the world economic order over the next decade and a half. Not surprisingly, Chinese cities will be at the forefront of these changes. The aggregate GDP of China’s 150 largest cities is forecast to double from around US$10 trillion today to US$20 trillion in 2030 (measured in 2012 prices and exchange rates). This means that Chinese cities will account for almost half of the increase in global city GDP and will represent a third of total urban GDP by 2030. By contrast, the combined output of the 58 North American cities covered in our analysis will rise by US$4.0 trillion, followed by non-Chinese Asian cities (US$3.5 trillion) and then European cities (US$3.2 trillion).
This forecast is drawn from drawn from Oxford Economics’ global cities services. This comprehensive set of forecast databanks covers nearly 3,000 cities and regions, with comprehensive data for Europe, North America, Latin America, China, Asia, and Africa and the Middle East.
Click here to download a free executive summary of the Global Cities forecast for December.
Tags:
You may be interested in
Post
Oxford Economics announces a leadership transition for the next phase of growth
Oxford Economics, the world’s leading economic forecasting and advisory firm, announced today the appointment of Innes McFee as its new Chief Executive Officer, effective 4th December.
Find Out More
Post
Oxford Economics launches enhanced Real Estate Economics Service
Oxford Economics is pleased to unveil its enhanced Real Estate Economics Service, now covering 100 global cities.
Find Out More
Post
Oxford Economics Acquires Majority Stake in Alpine Macro
We're excited to share that Oxford Economics has acquired a majority stake in Alpine Macro, a prominent global investment research firm based in Montreal, Quebec, Canada.
Find Out More
