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« Detroit as the Home of Urban Farming
» The Mecca of Ruin Porn

World’s Largest Cities in 2005 and 2020

08.03.11 | technician | In economy

Take a look at the world’s largest cities by the size of their economies. Detroit was at #22 in 2005 but is projected to be the 26th largest economy in 2020. That can mainly be attributed to the rise of massive metropolises in developing countries like BRIC nations.

But there will be some shifting around even in the US. San Francisco will drop several places, but Atlanta will rise above it. Phoenix, Minneapolis, and San Diego will drop off the list altogether.

With the current debt ceiling crisis, loss of confidence in the world’s largest economy, and the weakening of the dollar (which is otherwise good for American exports but would reduce the size of cities on this list), what does the future hold for American city economies?

Metro Detroit must stay competitive and be aware of the world economy. We must stop thinking Oakland County versus City of Detroit.

economic outlook - Largest city economies in the world in 2005 and 2020

Rank Cities ranked by estimated 2005 GDP at PPPs Est. GDP in 2005 ($bn at PPPs) Cities ranked by projected 2020 GDP at PPPs Est. GDP in 2020 ($bn at 2005 PPPs) Real GDP growth rate(% pa: 2006-20)
1 Tokyo 1191 Tokyo 1602 2.0%
2 New York 1133 New York 1561 2.2%
3 Los Angeles 639 Los Angeles 886 2.2%
4 Chicago 460 London 708 3.0%
5 Paris 460 Chicago 645 2.3%
6 London 452 Paris 611 1.9%
7 Osaka/Kobe 341 Mexico City 608 4.5%
8 Mexico City 315 Philadelphia 440 2.3%
9 Philadelphia 312 Osaka/Kobe 430 1.6%
10 Washington DC 299 Washington DC 426 2.4%
11 Boston 290 Buenos Aires 416 3.6%
12 Dallas/Fort Worth 268 Boston 413 2.4%
13 Buenos Aires 245 Sao Paulo 411 4.1%
14 Hong Kong 244 Hong Kong 407 3.5%
15 San Francisco/ Oakland 242 Dallas/Fort Worth 384 2.4%
16 Atlanta 236 Shanghai 360 6.5%
17 Houston 235 Seoul 349 3.2%
18 Miami 231 Atlanta 347 2.6%
19 Sao Paulo 225 San Francisco/ Oakland 346 2.4%
20 Seoul 218 Houston 339 2.5%
21 Toronto 209 Miami 331 2.4%
22 Detroit 203 Toronto 327 3.0%
23 Madrid 188 Moscow 325 4.0%
24 Seattle 186 Mumbai (Bombay) 300 6.0%
25 Moscow 181 Madrid 299 3.2%
26 Sydney 172 Detroit 287 2.3%
27 Pheonix 156 Istanbul 287 5.2%
28 Minneapolis 155 Seattle 269 2.5%
29 San Diego 153 Beijing 259 6.6%
30 Rio de Janiero 141 Metro Manila 257 5.9%
Source: PwC estimates and projections using UN population data and definitions (see Section III of full report for further details of data sources and methodology used).

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« Detroit as the Home of Urban Farming
» The Mecca of Ruin Porn
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