Tokyo Ranks 2nd in 2035 GDP Rankings of Major Cities

December 12, 2018

London--Tokyo came second in rankings of major cities' estimated gross domestic products in 2035 as its big population is expected to make up for slow growth, according to British research firm Oxford Economics.

Tokyo's position will be unchanged from the 2018 rankings. In the 2035 rankings, four Chinese cities occupied top 10 slots.

Tokyo's GDP for 2035 is estimated at 1.87 trillion dollars, said a recent report by Oxford Economics.

Annual GDP growth in the Japanese capital is forecast to average 0.5 pct for 2019-2035, notably weaker than in other major cities around the world.

Estimated per capita GDP in Tokyo for 2035 is less than half the levels in New York and Los Angeles and lower than those in London and Shanghai.

In the 2035 rankings, the top three cities remained unchanged from the 2018 rankings. New York was at the top with total GDP of 2.51 trillion dollars and Los Angeles third with 1.54 trillion dollars.

Among Chinese cities, Shanghai rose from the eighth spot in 2018 to fourth, tying London. Beijing advanced to sixth from 13th, Guangzhou to ninth from 19th and Shenzhen to 10th from 20th.

In terms of average GDP growth in 2019-2035, Indian cities held all top 10 spots, headed by Surat, whose estimated growth is put at 9.17 pct. Jiji Press