In the Southern Hemisphere are some of the most dynamic economies in the world. Typical examples are Brazil, which has become in the recent years one of the 6 largest economies in the world overtaking the UK, and Australia, which is described as the new Switzerland in terms of quality of life and growing wealth. But let’s see what are the 10 largest urban economies in the Southern Hemisphere.
1. Sao Paulo, Brazil
GDP – 433.254 billion U.S. dollars
Sao Paulo, the largest metropolis in Brazil, is the city with the biggest economy in the Southern Hemisphere. Many countries around the world, including countries in Europe, have smaller economies than this huge South American city.
Sao Paulo dictate the pulse of the Brazilian economy. It is among the most important financial and industrial centers in the world.
2. Buenos Aires, Argentina
GDP – 348 billion U.S. dollars
Buenos Aires is the second-largest urban economy in the Southern Hemisphere. The capital of Argentina, called the Latin American Paris because of its beautiful architecture and rich culture, is a huge city, whose economy is dominated by the service sector.
Buenos Aires is surrounded by some of the most fertile farmland in the world, so the great importance of the food industry for the city is not surprising.
3. Sydney, Australia
GDP – 319.5 billion U.S. dollars
Apart from being considered one of the most beautiful cities in the world, Sydney is the third largest economic center in the Southern Hemisphere and the largest in Australia.
With approximately ¼ of the total population of the continent, the city is considered one of the most influential in the world. Sydney is one of the world’s financial capitals together with New York, London, Tokyo, Paris, Frankfurt, Dubai and Hong Kong.
4. Melbourne, Australia
GDP – 253.1 billion U.S. dollars
Melbourne has always been the greatest competitor of Sydney when it comes to wealth, power and economic importance. Therefore it is not surprising that Melbourne occupies the fourth place, just one position behind Sydney.
The second largest Australian city is famous for one more thing – it always occupies some of the leading positions as one of the best cities to live in the world.
5. Jakarta, Indonesia
GDP – 224 billion U.S. dollars
The capital of Indonesia is a kind of reflection of the region of Southeast Asia. The city is famous for its colorful atmosphere and numerous cultural sights but also for its dynamic economy.
Very important place in the fifth largest city economy in the Southern Hemisphere takes the services sector. Jakarta is a famous shopping center of international importance.
6. Rio de Janeiro
GDP – 190.866 billion U.S. dollars
Rio de Janeiro is the second most important economic center in Brazil and the third largest in South America. The services sector is of great importance.
The city is the largest tourist center of Latin America, and it attracts millions of tourists from all around the world each year. Rio de Janeiro has one of the biggest ports in this part of the world.
7. Lima, Peru
GDP – 177.4 billion U.S. dollars
Lima is the seventh largest economic center in the Southern Hemisphere and the largest urban economy on the Pacific coast of South America. The city concentrates a large part of the industry of Peru and almost the entire financial strength of the country.
8. Santiago de Chile, Chile
GDP – 150.3 billion U.S. dollars
Santiago de Chile is the capital of Chile and the most important economic center in the country. Practically, in South America there is no other similar case of a city that concentrate almost half of the economic strength of the country as it is here.
Santiago looks very modern and impressive, and the city skyline is dominated by high-rising office buildings.
9. Brisbane, Australia
GDP – 132.2 billion U.S. dollars
Four out of ten largest urban economies in the Southern Hemisphere are located in Australia. The ninth city in the list is Brisbane, which is located on the east coast of the country.
The economy of this gorgeous city in southeastern Queensland is largely dependent on the vast resources of minerals in the state.
10. Perth, Australia
GDP – 118.6 billion U.S. dollars
The city of glass, as they sometimes call Perth because of the numerous towers with mirrored facades in the downtown, is the tenth largest urban economy in the Southern Hemisphere.
Because of its proximity to Asia, the city is considered as the new Singapore, and many say it is the most promising, dynamic and fastest growing center in Australia.