what are nyc and london the two biggest global financial cities

Clusters of such metropolitan areas are typically considered megaregions-which account for a large share of global economic activity. Interestingly, Tokyo is the #1 city today, with an estimated $1.6 trillion GDP in 2019.Īltogether, these top 10 cities will contribute an impressive $13.5 trillion in GDP by 2035. Rankįour cities will be found in China, while London, Paris, and Tokyo are set to round out the last three. The Big Apple’s forecasted $2.5 trillion GDP likely stems from its strong banking and finance sectors. Three cities are expected to be in the U.S.-New York, Los Angeles, and Chicago. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. This week’s chart looks forward to 2035, using a report by Oxford Economics to forecast the top 10 cities by measures of economic size, population, and GDP growth rate.Įach map is categorized by one of these metrics-and depending on which one you look at, the leaders vary greatly. However, the most important cities of today may be quite different than those leading the charge in the future.

Over half of the world now lives in urban areas, and urbanization continues to shape the trajectory of global growth in unprecedented ways. Mapped: Where Will The Top 10 Cities Be in 2035?Ĭities are the engines of the modern economy.

What are nyc and london the two biggest global financial cities