Macau, China

Macau

Macau is an example of how quickly things can change. Tipped to become one of the 10 richest cities in the world by 2025, Macau suffered a huge recession at the end of last year.

Related: World's best city for expats revealed

Its economy slumped 17% after an anti-corruption drive hurt Macau's casinos, the main driver of the territory's economy. Growth is expected to return next year, but experts say Macau must find other sources of income to recover its momentum.

First published April 29, 2016: 5:44 AM ET
Source: McKinsey Global Institute
The ranking is based on GDP per capita. McKinsey's top 10 cities by 2025 also include Oslo, Yosu (South Korea) and San Jose (California).

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