Home > business and economics, globalization, lists and rankings, McKinsey & Company, urban issues > Urban America: US cities in the global economy

Urban America: US cities in the global economy

June 27, 2012

Urban America: US cities in the global economy

Source: McKinsey Global Institute

In a world of rising urbanization, the degree of economic vigor that the economy of the United States derives from its cities is unmatched by any other region of the globe. Large US cities, defined here as those with 150,000 or more inhabitants, generated almost 85 percent of the country’s GDP in 2010, compared with 78 percent for large cities in China and just under 65 percent for those in Western Europe during the same period. In the next 15 years, the 259 large US cities are expected to generate more than 10 percent of global GDP growth—a share bigger than that of all such cities in other developed countries combined.

The overwhelming role that cities play as home to the vast majority of Americans but also as a dominant driver of US and global economic growth argues for a keen focus on their prospects. MGI sheds new light on the role cities play in the US economy and gauges how large they loom in the urban world overall.

About these ads
Categories: business and economics, globalization, lists and rankings, McKinsey & Company, urban issues
Follow

Get every new post delivered to your Inbox.

Join 495 other followers

%d bloggers like this: