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.

{{cta(’31f2482a-730c-45ba-94a6-4ea71c7d63df’)}}

 

You may be interested in

Aerial view of Singapore business district and city at twilight

Post

Sneak preview: our new Asia Real Estate Service

The new Asia Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in Asia. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.

Find Out More

Post

Oxford Economics Launches Global Risk Service

Oxford Economics launches our Global Risk Service, a suite of data-driven and forward-looking tools that measure macro-economic and financial crises risks in 166 countries.

Find Out More
George street, Sydney

Post

Australia’s CAPEX falters in Q1, with cost inflation to test activity

Private new capital expenditure fell 0.3% q/q in Q1 2022, led lower by a fall in buildings and structures investment. The weak result is in part due to the impact of Omicron on labour availability, and the postponement of construction activity in flood affected areas. Machinery & equipment volumes rose in the quarter.

Find Out More