A considerable swath of middleweight cities enjoy relatively high incomes that help explain the great overall importance of cities in the US economy.Today, the metropolitan areas of New York and Los Angeles are the world’s second and sixth largest, respectively, by GDP.Of the 600 cities that MGI expects will account for 60 percent of global GDP growth by 2025, nearly 1 in 7 is in the United States.The United States has a broader base of large cities than any other region, and that explains their greater economic clout.Other highlights of the research include:
MGI sheds new light on the role cities play in the US economy and gauges how large they loom in the urban world overall. 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.
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