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.
You may be interested in
Australia: RBA hike by another 25 bps as the fight against inflation continues
The RBA has raised its cash rate target by a further 25 basis points, taking it to 4.1%. Although inflation has peaked, the RBA board is still clearly uncomfortable with its brisk pace.Find Out More
BIS Oxford Economics to be rebranded as Oxford Economics Australia
Over the past six years we've maintained the unique modelling and analysis that clients and the media have come to rely on from BIS Shrapnel while incorporating Oxford Economics' rigorous global modelling and analytical framework to complement it," said David Walker, Director, Oxford Economics Australia.Find Out More
Introducing our renovated African Forecasting Service
From economy to politics, investment to operation, fuel your business growth by leveraging our complete Africa solutions.Find Out More