$67 Billion - The Boost to the Current GDP of the World's Ten Richest Cities by Realizing the Full Benefit of the Intern

Credit Suisse has calculated [http://www.prnewswire.com/news-releases/credit-suisse-global... ] that the total global household wealth in mid-2012 totaled $223 trillion. Gartner's projection that the Internet of Things could contribute to economic growth by 2020 of $1.9 trillion is equivalent to 0.852% of the current global wealth. If this benefit could be realized now it would boost the GDP of the world's ten biggest cities by $67 billion. The ten richest cities in 2012, according to The Brookings Institute [http://www.brookings.edu/research/interactives/global-metro-... ] - and the potential economic boost to their current GDP - are as follows:

        
                                                Potential GDP boost
                                                from the Internet of
        Name of city             Current GDP           Things          Increase

        Tokyo, Japan            $1,520 billion     $1,533 billion     $13 billion
        New York, United States $1,120 billion     $1,130 billion     $10 billion
        Los Angeles, United
        States                  $789.7 billion      $796 billion      $7 billion
        Seoul, South Korea      $773.9 billion      $780 billion      $7 billion
        London, United Kingdom  $731.2 billion      $737 billion      $6 billion
        Paris, France           $669.2 billion      $675 billion      $6 billion
        Osaka, Japan            $654.8 billion      $660 billion      $6 billion
        Chicago, United States  $524.6 billion      $529 billion      $4 billion
        Moscow, Russia          $520.1 billion      $525 billion      $4 billion
        Shanghai, China         $516.5 billion      $521 billion      $4 billion
        Total                   $7,820 billion    $7,887 billion     $67 billion

        
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