Industrial
Production

in Global Megacities in 2022
Criteria for cities selection:
5 population more than million people
14-26% the share of industrial
gross value added
in GDP structure
Industrial sector remains one of the key elements of resilience of modern megacities in the context of global uncertainty and supply chain disruptions. Industrial enterprises ensure stable urban life, provide employment, and benefit the social and economic situation in cities.
Experts from the Department for Economic Policy and Development have analyzed cities whose share of industrial Gross Value Added (GVA) in Gross Regional Product (GRP) is between 14% and 26%. According to the calculations, Moscow has the largest Industrial Production Index among the megacities of the sample. From 2016 to 2022, the average value of the Industrial Production Index in Moscow was 109,6%, which is the highest value among global megacities with a similar share of industrial sector in the economy.
In 2022 Moscow ranked third by per capita industrial GVA among the megacities of the sample, improving its position compared to 2015 while surpassing Barcelona and Tokyo. This trend indicates that Moscow's industry is resilient and the city has been successful in creating and supporting high-tech enterprises.
Methodology
Moscow Department for Economic Policy and Development analyzed industrial production in major agglomerations with similar economic structure comparable with Moscow. The following criteria were used so select the cities:
  • Population is over 5 million
  • The share of industrial GVA in GDP structure is more than 15%
  • Relevant data is available
Megacities like New York and London were not included in the sample because the share of industrial sector is relatively small there (6% and 10% accordingly). Consequently, those countries publish Industrial Production Index only at the national-level.
GVA structure for 2020, %
Sources: World Bank, calculations made by the Moscow Department for Economic Policy and Development
GDP by PPP in 2020, PPP USD
№
City
billion $
1
Tokyo*
1 750
2
Moscow
1 090
3
Shanghai**
929
4
Beijing**
814
5
Singapore*
565
6
Sao Paulo
563
7
New Delhi
540
8
Ho Chi MinMinhh City
237
9
Barcelona
231
10
Rio de Janeiro
184
Industrial Production Index
Moscow is a leader in terms of industrial production growth rate among global megacities with similar economic structures. High industrial production growth rate indicates a favorable situation for manufacturers and growing demand from the population, confirming Moscow's status as an advanced manufacturing center.
№ City 2016 2017 2018 2019 2020 2021 2022 Average
1 Tokyo* 95,3% 98,2% 101,4% 97,9% 86,5% 106,6% 102,0% 98,1%
2 Moscow 98,6% 100,7% 105,7% 107,3% 114,7% 127,7% 115,1% 109,6%
3 Shanghai** 100,7% 106,5% 101,3% 99,7% 101,6% 110,2% 97,8% 102,5%
4 Beijing** 105,1% 105,6% 104,6% 103,1% 102,3% 131,0% 83,3% 104,2%
5 Singapore* 103,7% 110,4% 107,0% 98,5% 107,5% 113,3% 102,6% 106,1%
6 Sao Paulo 94,5% 103,4% 100,8% 100,2% 94,3% 105,2% 100,2% 99,7%
7 New Delhi 111,7% 116,0% 110,1% 103,2% 89,6% 106,5% 92,8% 103,9%
8 Ho Chi MinMinhh City 107,3% 107,9% 108,0% 107,3% 95,4% 85,7% 107,8% 102,4%
9 Barcelona 103,6% 104,0% 100,3% 98,8% 89,9% 108,8% 101,1% 100,8%
10 Rio de Janeiro 95,9% 104,2% 101,8% 102,3% 100,2% 104,0% 104,6% 101,8%
Sources: Official statistics
* Manufacturing industry data was used because: - In Singapore, data on mining, water supply, and electricity industries is not open. Additionally, this industries constitute less than 1% of GVA structure. - In Tokyo, only manufacturing industry data are published.
** Beijing and Shanghai industrial production index is not openly available. Instead of industrial production index, China publishes the "growth rate of value added of industrial products (in comparable prices)". This indicator is widely used by international analytical agencies (e.g., Moody's Analytics) as China's industrial production index.
Industry Sector GVA
GVA of industy sector per capita, thousand USD
Moscow demonstrates the best growth dynamics in terms of industry sector GVA per capita among megacities of the sample, indicating the resilience of its industry and the effectiveness of the local policies.
Sources: World Bank, calculations made by the Moscow Department for Economic Policy and Development calculations
№
City
Average $
1
Singapore*
24.8
2
Shanghai**
11.4
3
Barcelona
10.8
4
Tokyo*
10.2
5
Moscow
9.7
6
Beijing**
6.2
7
New Delhi
3.4
8
Sao Paulo
3.2
9
Ho Chi MinMinhh City
2.9
10
Rio de Janeiro
2.8
Gross value added per capita growth rate, annual growth rate
Industrial enterprises of Moscow are high-tech production facilities with advanced technological solutions and highly qualified specialists.
Sources: World Bank, calculations made by the Moscow Department for Economic Policy and Development calculations
№
City
Average
1
Ho Chi MinMinhh City
9.3%
2
Moscow
7.5%
3
Shanghai**
6.3%
4
Beijing**
6.1%
5
Singapore*
5.7%
6
Rio de Janeiro
5.1%
7
New Delhi
4.4%
8
Barcelona
3.6%
9
Tokyo*
1.1%
10
Sao Paulo
-0.7%