Urban power shifts east as Asian cities’ economies burgeon

Posted by Oxford Economics on Dec 22, 2017 9:28:20 AM

China’s cities’ GDP to double, and will outstrip Europe’s and North America’s by 2035. But New York, Tokyo, London and LA to stay as world’s urban superpowers as Shanghai closes in.

The world is ever more urban. The top 780 global cities already produce almost 60 per cent of all world economic activity, and they are set grow in importance as urbanisation continues.

By 2035, these cities will be home to almost half a billion additional people with their GDP rising by $32 trillion (constant 2015 prices and exchange rates).

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Topics: Asia, Cities, Urbanisation, Urban development, Economic development

Global Cities 2030 | The largest 100 cities: a clear shift Eastwards

Posted by Oxford Economics on Jan 10, 2017 3:53:33 PM

The economic landscape is changing, with the world’s urban centre continuing to shift Eastwards. Aggregate GDP of Chinese cities covered in the report will overtake the largest cities in Europe and North America by 2017 and 2022 respectively. Nine additional Chinese cities will join the world’s top 100 ranked by real GDP in 2030, with 13 cities from North America and Europe dropping out. Despite this shift, the top five largest city economies in 2030 will remain unchanged from today.

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Topics: Cities

Expansion of US metro service to cover 500 counties

Posted by Oxford Economics on Jan 10, 2017 3:25:16 PM

The North American Metro Service provides historical data, forecasts, and written analysis of all 50 states and Washington DC, and 89 Metropolitan Statistical Areas that make up the majority of US economic activity. We will shortly expand the coverage to include additional coverage of 500 counties to provide a more granular view of US economic prospects.

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Topics: Cities, Product development

The largest 100 cities: a clear shift Eastwards

Posted by Oxford Economics on Dec 7, 2016 4:43:31 PM

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). 

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Topics: Global Economic Model, Cities

Asian Cities & Regions Outlook December 2016

Posted by Oxford Economics on Dec 6, 2016 4:43:06 PM

Delhi is fastest emerging city, Brisbane fastest advanced 
Indian cities feature strongly amongst the fastest growing Asian cities in the period to 2020, with Ho Chi Minh City also standing out, and Chinese cities having to adapt to a more service sector reliant growth model. The advanced economy cities face challenges from their emerging rivals, with a marked contrast between Japan’s sclerotic cities and rivals such as Seoul and Singapore. 

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Topics: Asia, Cities

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