cities or in London, but those gains have been so minimal that the average household’s disposable income has actually slightly declined over the last 15 years. Income gains from that growth have been more broadly shared than in major U.S. Average GDP per capita is growing at such a pace that it will take nearly a century for living standards in Paris to double. Jobs and GDP have increased at a slower rate than in global peer city-regions. Paris is prosperous, but stalled growth is limiting increases in that prosperity. Paris is the fourth-largest metro economy in the world and boasts the fifth-highest average wealth (GDP per capita) among the world’s 120 largest global city-regions. The Paris regional economy, defined as a metropolitan labor market slightly larger than the Île-de-France region, housed 12.5 million people in 2015 (19 percent of France’s population) and generated $818 billion in output (31 percent of national gross domestic product, or GDP). Findings Paris is a wealthy city-region, but its economy is growing slowly relative to other major global cities. The report offers information and insights on Paris’s global economic position by benchmarking the region against eight global peer regions based on economic size, wealth, productivity, industrial structure, and competitiveness. This report, developed as part of the Global Cities Initiative, a joint project of Brookings and JPMorgan Chase, provides a framework for leaders in the Paris region to sustain the region’s prosperity and to better understand its competitive position in the global economy. To deliver economic opportunities for its residents, Paris must boost growth. Yet, facing new pressures related to globalization, technological disruption, and demographic change, the region’s growth has lagged relative to global peer regions that share its economic size, wealth, and industrial structure. It has been one of the world’s most visited places for centuries, and its economy prospers today thanks to a well-educated workforce, modern infrastructure, and global niches in creative industries, business services, and tourism. In imagination and in fact, Paris is a quintessential global city.
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