Twelve Mega-Booming Megacities of the Future

 

In 2008, urban populations out-numbered rural populations for the first time, and they’re still pouring into the cities. In the coming decades, there’ll be an even more pronounced difference between rural and urban populations – with the city winning the people’s vote over the countryside.

New York and Tokyo remain the largest cities in 2005 – but in terms of high growth in GDP, per capita GDP and population, the emerging markets and even London are leading the way.

 

In 2008, urban populations out-numbered rural populations for the first time, and they’re still pouring into the cities. In the coming decades, there’ll be an even more pronounced difference between rural and urban populations – with the city winning the people’s vote over the countryside.

New York and Tokyo remain the largest cities in 2005 – but in terms of high growth in GDP, per capita GDP and population, the emerging markets and even London are leading the way.

These are CITI’s 2025 projections for 12 megacities that are expected to boom in the next 15 years:

1.       London

GDP growth: +$256 billion

Population growth: NA

Per capita GDP growth: +29,568

2.       Sao Paulo

GDP growth: +$394 billion

Population growth: +3 million

Per capita GDP growth: $15,904

3.       Mexico City

GDP growth: +$355 billion

Population growth: +3 million

Per capita GDP growth: $14,950

4.       Shanghai

GDP growth: +$459 billion

Population growth: +4 million

Per capita GDP growth: $20,137

5.       Buenos Aires

GDP growth: +$289 billion

Population growth: +1 million

Per capita GDP growth: $18,866

6.       Mumbai

GDP growth: +$385 billion

Population growth: +7 million

Per capita GDP growth: $11,500

7.       Moscow

GDP growth: +$225 billion

Population growth: NA

Per capita GDP growth: $21,429

8.       Hong Kong

GDP growth: +$186 billion

Population growth: +1 million

Per capita GDP growth: $16,520

9.       Beijing

GDP growth: +$333 billion

Population growth: +4 million

Per capita GDP growth: $19,459

10.   Delhi

GDP growth: +$315 billion

Population growth: +7 million

Per capita GDP growth: $10,919

11.   Guangzhou

GDP growth: +$295 billion

Population growth: +3 million

Per capita GDP growth: $20,869

12.   Rio de Janerio

GDP growth: +$206 billion

Population growth: +1 million

Per capita GDP growth: $13,194

So what does this growth really mean for the people in the emerging nations names – and undeveloped Americas? Have your say below, tweet or discuss on Facebook.

Full report on Business Insider. 

Liz Zuliani

EconomyWatch.com