These 10 cities will be the world's richest in 2025 ~ LED - Learn Every Day

Friday, 8 December 2017

These 10 cities will be the world's richest in 2025

Cities of the future

More and more so-called megacities are emerging across the world, becoming centers of population and wealth in the way that whole countries used to be. Using data from McKinsey & Company we reveal the cities likely to dominate the world in the future.

London

With property prices in England’s capital rising at an alarming rate, in part thanks to foreign buyers, it’s not surprising the ripple effect will travel to London’s outer suburbs such as Waltham Forest, Lewisham, and Havering. According to McKinsey & Company research, London’s population is set to rise from 14.8 million to over 16 million by 2025. While its total GDP, which is thought to account for almost half of Britain’s total, will soar from $752 billion to $973 billion.

Paris

The city of love’s population is set to increase from 11.8 million to 12.8 million by the year 2025. The total GDP is also set to skyrocket from $754 billion to $971 billion. The reason? Despite recent security issues, international investors are still buying up big in Paris with the demand now spreading to outer, more affordable suburbs with new developments only adding to their value.

Randstad, Netherlands

Randstad is made up of the Netherlands four largest cities: Amsterdam, Rotterdam, Den Haag and Utrecht. Here, the population is set to go from just under 7 million to 7.2 million while the GDP is expected to surge from $364 billion to $462 billion. Rotterdam, in particular, is an area to look out for. Just an hour’s drive from Amsterdam, the port city is becoming the hub for international business, with many companies setting up their European offices there.

Rhine-Ruhr, Germany

Unlike most of the other megacities on this list, Rhine-Ruhr’s population, which includes Koln, Dusseldorf, Dortmund, Essen, Duisburg, Bochum, and Wuppertal, will actually decrease from 11.2 million to 11.1 million. Despite this its total GDP will increase, jumping from $485 billion to $625 billion. Rhine-Ruhr is already one of the most successful urban areas in the country with many powerhouses of German industry and finance based there, including 12 Fortune 500 companies.

Greater Istanbul, Turkey

Istanbul’s population is set to boom in the coming years, spiraling from 10.9 million to 14.8 million by 2025. The same goes for its earnings, with total GDP predicted to soar from $188 billion to $480 billion. Much of the GDP jump is being forecast from an increase in middle-income households and the growing presence of start-ups and entrepreneurs in the city.

Moscow

In previous years reports have suggested this city’s population was dwindling with office vacancies in the business district at 26%. Despite this McKinsey & Company expect Moscow’s population to grow from 11.5 million to 12.6 million by 2025. Many predict the city will experience an economic revival with an influx of businesses taking advantage of low rent, with total GDP estimated to more than double from $326 billion to a massive $689 billion in 2025.

Chongqing and Chengdu, China

Chongqing’s population are predicted to grow from 15.6 million to 19.3 million by 2025. But it’s the total GDP that is set to have the biggest change, growing from just $89 billion to a whopping $459 billion. The reason? The fast trains between the megacity and it's European export countries are bolstering the local economy at an alarming rate.

Shanghai

Shanghai’s population is set to balloon from 22.3 million to 30.9 million in 2025 while its GDP is expected to experience one of the biggest growths of all the megacities, skyrocketing from $251 billion to $1.1 trillion. The McKinsey report revealed the biggest factors for growth are a strong foreign investment and a labor force made up of mainly college-educated people. Surrounding cities Nanjing and Hangzhou are also set to benefit from Shanghai’s boom.

Bohai Economic Rim, China

Bohai is the economic region surrounding Beijing and Tianjin. The report estimates Beijing’s population will grow from 18.8 million to 29.6 million, while its GDP will boom from $206 billion to just over $1 trillion. Neighbor Tianjin's population is expected to go from 11 million to 15.1 million and its GDP from $129 billion to $624 billion. Nearby cities Dalian, Tangshan, and Qingdao are earmarked as hotspots of the future.

More and more so-called megacities are emerging across the world, becoming centers of population and wealth in the way that whole countries used to be. Using data from McKinsey & Company we reveal the cities likely to dominate the world in the future.

London

With property prices in England’s capital rising at an alarming rate, in part thanks to foreign buyers, it’s not surprising the ripple effect will travel to London’s outer suburbs such as Waltham Forest, Lewisham, and Havering. According to McKinsey & Company research, London’s population is set to rise from 14.8 million to over 16 million by 2025. While its total GDP, which is thought to account for almost half of Britain’s total, will soar from $752 billion to $973 billion.

Paris

The city of love’s population is set to increase from 11.8 million to 12.8 million by the year 2025. The total GDP is also set to skyrocket from $754 billion to $971 billion. The reason? Despite recent security issues, international investors are still buying up big in Paris with the demand now spreading to outer, more affordable suburbs with new developments only adding to their value.

Randstad, Netherlands

Randstad is made up of the Netherlands four largest cities: Amsterdam, Rotterdam, Den Haag and Utrecht. Here, the population is set to go from just under 7 million to 7.2 million while the GDP is expected to surge from $364 billion to $462 billion. Rotterdam, in particular, is an area to look out for. Just an hour’s drive from Amsterdam, the port city is becoming the hub for international business, with many companies setting up their European offices there.

Rhine-Ruhr, Germany

Unlike most of the other megacities on this list, Rhine-Ruhr’s population, which includes Koln, Dusseldorf, Dortmund, Essen, Duisburg, Bochum, and Wuppertal, will actually decrease from 11.2 million to 11.1 million. Despite this its total GDP will increase, jumping from $485 billion to $625 billion. Rhine-Ruhr is already one of the most successful urban areas in the country with many powerhouses of German industry and finance based there, including 12 Fortune 500 companies.

Greater Istanbul, Turkey

Istanbul’s population is set to boom in the coming years, spiraling from 10.9 million to 14.8 million by 2025. The same goes for its earnings, with total GDP predicted to soar from $188 billion to $480 billion. Much of the GDP jump is being forecast from an increase in middle-income households and the growing presence of start-ups and entrepreneurs in the city.

Moscow

In previous years reports have suggested this city’s population was dwindling with office vacancies in the business district at 26%. Despite this McKinsey & Company expect Moscow’s population to grow from 11.5 million to 12.6 million by 2025. Many predict the city will experience an economic revival with an influx of businesses taking advantage of low rent, with total GDP estimated to more than double from $326 billion to a massive $689 billion in 2025.

Chongqing and Chengdu, China

Chongqing’s population are predicted to grow from 15.6 million to 19.3 million by 2025. But it’s the total GDP that is set to have the biggest change, growing from just $89 billion to a whopping $459 billion. The reason? The fast trains between the megacity and it's European export countries are bolstering the local economy at an alarming rate.

Shanghai

Shanghai’s population is set to balloon from 22.3 million to 30.9 million in 2025 while its GDP is expected to experience one of the biggest growths of all the megacities, skyrocketing from $251 billion to $1.1 trillion. The McKinsey report revealed the biggest factors for growth are a strong foreign investment and a labor force made up of mainly college-educated people. Surrounding cities Nanjing and Hangzhou are also set to benefit from Shanghai’s boom.

Bohai Economic Rim, China

Bohai is the economic region surrounding Beijing and Tianjin. The report estimates Beijing’s population will grow from 18.8 million to 29.6 million, while its GDP will boom from $206 billion to just over $1 trillion. Neighbor Tianjin's population is expected to go from 11 million to 15.1 million and its GDP from $129 billion to $624 billion. Nearby cities Dalian, Tangshan, and Qingdao are earmarked as hotspots of the future.

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)