Sí£o Paulo, Brazil, Among Planet’s 20 Wealthiest Towns

23 de Maio Avenue in São Paulo, Brazil Mexico City, Buenos Aires and São Paulo are among the twenty richest cities in the world according to a report on population evolution and the economy of the main capital cities, from consultants PricewaterhouseCoopers.

The survey considers 151 major cities of the planet based on their per capita GDP and the purchasing power of each resident based on the cost of living, a hypotheses which enables to compare living standards in different countries.

Tokyo, New York, Los Angeles, Chicago, Paris, London, Osaka, Mexico, Philadelphia and Washington are head of the list with Buenos Aires rated in position 13; São Paulo 19 and Rio do Janeiro 30. In Spain two cities managed to be among the leading forty, Madrid in position 12 and Barcelona, 31.

A similar survey from 2005 which includes the thirty cities with the highest per capita income, only five belong to emerging economies: Mexico City, Buenos Aires, São Paulo, Moscow and Rio do Janeiro. Of the 25 cities, 16 belong to United States.

The thirty leading cities of the world concentrate 16% of the global GDP and the two richest Tokyo and New York have a larger GDP than Spain or Canada.

Of the 151 cities considered 81 belong to emerging countries which represented 27% of the global GDP, but this is forecasted to change by 2020 reaching 35%.

The capital cities which will be losing positions belong to the "old Europe": Rome, Milan, Vienna, Berlin, plus Naples, Helsinki, Zurich, Amsterdam, Copenhagen and Budapest.

The report concludes that in the industrialized countries, cities which will achieve a higher degree of development in the future are those with competitive advantages in the knowledge economy plus financial and consumer services.

The ten strongest in 2020 are in the following order: Tokyo, New York, Los Angeles, London, Chicago, Paris, Mexico City, Philadelphia, Osaka and Washington.

Mercopress

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  • Show Comments (3)

  • João da Silva

    SÀƒ£o Paulo, Brazil, Among Planet’s 20 Wealthiest Towns
    If it is so, 1) Why does the city have such a high unemployment rate? 2) Why are the Paulistanos leaving that wealthy town to go live in small towns in Southern Brazil,claiming that it is a sacrifice to put up with small cities 3) Why is the crime rate so hogh there 4) Why does their airport look so depressing? 5) Why does the city not have a decent drainage system?

    Of course, Paulo Maluf is to be blamed for all this mess-LOL

  • ch.c.

    Funny……
    Rio City alone has over 600 favelas and SP even more.

    How could you then be surprised to have so many crimes and robberies ?????

    Believing crimes will be thus reduced is a simple heresy.

  • e harmony

    🙂 Congrats Sao Paulo and Rio de Janeiro!

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