Articles Read the latest analyst insights and expert opinions from Euromonitor.

More Than Half of the World's Population is Expected to be Urbanised by 2030, Fueling the Growth of Megalopolises

Euromonitor International  Profile Picture
Euromonitor International Bio

SINGAPORE – In 2018 20 megalopolises generated US$30 trillion, making up 35% of the global GDP according to global market research company Euromonitor International.

Euromonitor published a new report today entitled “How Megaregions Are Changing the Global Economy” identifying the influence of the world’s megalopolises and discussing the role of integration policies.

Nearly half of the world’s current megapolises are found in North America alone. With Bos-Wash, a megalopolis running from Boston, through New York, Philadelphia and Washington, it stands as the largest in the world by economic output with a GDP of USD4.5 trillion in 2018. If Bos-Wash were a country, it would rank as the fourth largest economy, behind the U.S., China and Japan.

“The use of megalopolises to foster regional integration policies gives rise to several benefits such as thick labour markets and scale of economies,” says Fransua Vytautas Razvadauskas, cities consultant at Euromonitor International. “Governments should build regional integration policies which will facilitate cross-city collaborations across megalopolises, allowing businesses to thrive while enjoying cost advantages,” he added.

China will be the key market to watch given their plan to create 19 megalopolises that will ultimately help drive national, regional and provincial growth. It’s trio of leading megalopolises: Pearl River Delta, Yangtze River Delta and Jing-Jin-Ji will see the majority of their cities’ real GDP grow by a whopping 80-110% over 2018-2030, compared with other megalopolises whose cities will expand by a mere 15-30% in the same period.

To obtain more insights on how stakeholders can play their part in the development of megalopolises, click here.

- ENDS –

For further information, please contact:

Sophia Lim

Regional Communications Executive - Euromonitor International

Tel: +65 6429 0590 ext. 6601

About Euromonitor International

Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.


Interested in more insights? Subscribe to our content

Shop Our Reports

Consumer Health in Cambodia

In 2023, Cambodia seems to have recovered from the COVID-19 pandemic. Meanwhile, consumer health demand is rising due to modernisation, urbanisation, and health…

View Report

Consumer Health in Kazakhstan

In general, consumer health in Kazakhstan is performing well towards the end of the review period. However, high inflation, increases in the costs of raw…

View Report

Consumer Health in Kuwait

The harsh climatic conditions in Kuwait with extreme heat, rising pollution and large amounts of dust continue to play a key role in driving demand across key…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More