I’m a sucker for a good geography list, so here is a fascinating one to start the New Year. It has been produced by Oxford Economics, following a study of 780 world cities. It predicts that the top 10 fastest-growing cities (by GDP) between 2019 and 2035 will all be in India.
Surat, a large city in Gujarat, will see the fastest economic growth in the world, increasing by a rate of 9.2% between 2019 and 2035 – courtesy mainly of its diamond processing and IT industries.
In third place is Bangalore (officially known as Bengaluru) – India’s Silicon Valley with its booming tech industries – which is predicted to grow by 8.5% each year.
Outside of India, Phnom Penh (Cambodia) will see the fastest growth at 8.1%, while Dar es Salaam (Tanzania) will lead African cities with 7.8%.
Further lists produced by the same group show the predicted top ten cities for 2035 determined by GDP, population and GDP growth.
Are these lists a reflection of the future economic shift from west to east? The Oxford Economics group forecast that as early as 2027, the combined GDP of all Asian cities will exceed that of North American and European cities together. By 2035 it will be 17% higher.
China is leading the way with four cities in the top ten for 2035 – Shanghai, Beijing, Guangzhou and Shenzhen.
I used to like giving students an atlas to help them make an educated guess at the content of the lists before revealing the answer.
No doubt, more lists to come as we continue through 2019!