Posted by meb at March 19th, 2007

İstanbul and Ankara are amongst the world’s top 100 cities by size of economy, according to the March 2007 Economic Outlook from global consultant PricewaterhouseCoopers’ (PwC). At the top of 2005 GDP rankings, Tokyo is narrowly ahead of New York, with each having economies valued at more than $1 trillion. Los Angeles is in a clear third place, with Chicago, Paris and London vying for the next three places, each of which has an estimated gross domesticproduct (GDP) higher than the national economies of such countries as Belgium, Sweden and Switzerland. Aside from London and Paris, only two other European cities (Madrid and Moscow) made the lower reaches of the top 30. İstanbul ranked 34th with $133 billion in GDP and Ankara came 94th with $42 billion. Mexico City is the only emerging economy city in the top 10 when ranked by GDP, but Buenos Aires is not far behind in 13th place and Sao Paulo, Moscow and Rio de Janeiro are also ranked in the top 30. The report showed that there are a number of emerging economy cities just outside the top 30, including Shanghai (32nd), Mumbai (37th), Manila (42nd), Beijing (44th), Cairo (45th), Jakarta (46th) and Kolkata (49th).The report also estimates the rankings of the cities in 2020, when İstanbul rises to 27th place from 34th. The largest six urban economies (on UN definitions) remain the same as in 2005, although London overtakes Chicago and Paris to move into fourth place. However, the dominant trend is for emerging economy cities to rise up the rankings: Mexico City rises from eighth to seventh and Buenos Aires from 13th to 11th. Shanghai (32nd to 16th), Mumbai (37th to 24th), Beijing (44th to 29th) and Manila (42nd to 30th) are notable “new entries” in the top 30. Lower down the list, notable “climbers” include Jakarta (46th to 33rd), Delhi (51st to 34rd), Guangzhou (60th to 36th), Kolkata (49th to 38th), Bangkok (55th to 46th), Bogota (58th to 52nd) and Monterrey (66th to 54th).

source: Today’s Zaman

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