Top 600 cities with one fifth of world population projected to generate 60% of GDP by 2025
"The global urban population is growing by 65 million annually. More than half of the world’s population is already living in cities, and these cities generate more than 80 percent of global GDP. It is expected that urbanization will continue to be one of the biggest drivers of global economic growth. The productivity improvement from urbanization has already delivered substantial economic growth and helped radically reduce poverty in countries such as China and Brazil.
The McKinsey Global Institute (MGI) in a report Urban world: Mapping the economic power of cities, has projected the growth of urbanization demographically and economically over the next 15 years. The report is based on a number of assumptions that together represent a possible future scenaio and relies on MGI's Cityscope database of more than 2,000 cities that coalesces MGI regional research on cities. Together, the 2000 cities of the MGI Cityscope are projected to contribute 75 percent of global GDP growth to 2025.
MGI projects that 600 urban agglomerations, representing a fifth of the world’s population, will generate 60 percent of global GDP in 2025.
In this report MGI projects one scenario of how cities will evolve demographically and economically over the next 15 years. There are some surprising conclusions that may change government and companies strategies in how they investment in markets in the future.
Regional distribution
Top cities in 2025 by:
pop gdp gdp_growth
- Tokyo New York Shanghai
- Mumbai Tokyo Beijing
- Shanghai Shanghai New York
- Beijing London Tianjin
- Delhi Beijing Chongqing
- Kolkata Los Angeles Shenzhen
- Dhaka Paris Guangzhou
- Sao Paulo Chicago Nanjing
- Mexico City Rhein-Ruhr Hangzhou
- New York Shenzhen Chengdu
By 2025, 136 new cities are projeted to enter the top 600, all of them from the developing world. 100 of them are projected to come from from China alone. India is projected to contribute 13 new cities in the top 600 by 2025 and eight will come from Latin America.
In 2025 according to MGI's projection
- 2.0 billion people will live in these 600 cities - 25% of the global population
- They will generate $64 trillion of GDP, 60% of global GDP
- They will support 735 million households with average per capita GDP of $32,000, of which 235 million households in developing cities will have income above $20,000 per annum".
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