According to a study done by PricewaterHouseCoppers in 2008, Tokyo is still the richest city on earth. US has maximum number of cities (four) that made to the list. List was naturally dominated by developed world but 1 city each from Mexico and Brazil made it to top 10 showing growing wealth of developing nations. Here is the list of 10 top richest cities of the world on the basis of the GDP.
Capital City of Japan still holds its position as richest city in spite of stagnant Japanese economy of ‘the lost decade’. With a GDP of $1479 Billion in 2008 it is one of the 3 financial command centres of the world along with New York and London. In 2009 Tokyo was named the world’s most expensive city for expatriate employees, according to the Mercer and Economist Intelligence Unit cost-of-living surveys and named the third Most Liveable City and the World’s Most Liveable Megalopolis by the magazine Monocle.
In fact, the best showcase of economic might of US, the richest of all nations. New York is headquarter for all the major banks and financial institutions of the world. GDP in 2008 was $1406 Billion, more than entire GDP of India. New York Stock Exchange is world’s largest stock exchange by market capitalization. The famous Times Square is called ‘ The Crossroads of the World.’
3. Los Angeles:
Another one of the most famous cities on earth. Though it holds third spot in list of richest it is not as big financial capital as New York or London. Los Angeles had a GDP of $592 Billion in 2008 which is half of financial giants like Tokyo and NYC. Chicago is listed as one of the world’s top ten Global Financial Centres. Often known by its initials, L.A., and nicknamed the City of Angels, Los Angeles is a world centre of business, international trade,entertainment, culture, media, fashion, science, technology, and education.
Chicago has been historically famous for its trade. Commodity trading in Chicago has maximum turn over handled by its Chicago Mercantile Exchange. GDP was $574 Billion in 2008. Chicago is a stronghold of the Democratic Party and has been home to many influential politicians, including the current President of the United States, Barack Obama.
One of the most important financial centres of the world and famous for its safe and luxuries life. This city has been in history as financial hub connecting Western economies with the eastern ones. With a GDP of $565 Billion it is Europe’s richest and most vibrant city. Central London is home to the headquarters of most of the UK’s top 100 listed companies and hundreds of Europe’s top 500 companies. London is the only city of UK among top 20 richest cities of the world.
One of the most beautiful city of the world. Paris is famous for its architectures and building of pre-war era. Paris being second largest city of Europe. It would be among top 20 rich economies had it been a country. Paris and the Paris Region, with €552.7 billion (US$813.4 billion) in 2008, produces more than a quarter of the gross domestic product (GDP) of France. The Paris region receives 45 million tourists annually, 60% of whom are foreign visitors. he city and region contain numerous iconic landmarks, world-famous institutions and popular parks.
Osaka is called commercial capital of Japan. It is second most important place in Japan after Tokyo. Osaka plays very important role in global economy. Electronic giants Panasonic, Sharp, Sanyo have their headquarters in this city. GDP was $417 Billion in 2008. Osaka is the third largest city by population after Tokyo and Yokohama. It is one of the largest metropolitan areas highly ranked in the world, with nearly 18 million people. Osaka has traditionally been referred to as the “nation’s kitchen“.
8. Mexico City:
One of the most important financial centre in Latin America, Mexico City is richest city among the cities of developing nations. It is also known as Federal City. A GDP of $390 Billion is more than entire GDP of many Latin American countries. The Mexico City metropolitan area population is 21.2 million people, making it the largest metropolitan area in the Americas and the third largest agglomeration in the world.
Fourth richest city of United States is the home of many fortune 500 companies. Major economic activities include manufacturing, oil refining and Financial Services. Philadelphia was once second largest city of British empire after London. It has GDP of $388 Dollar. 2008, the population of the city proper was estimated to be more than 1.54 million. It was a centrepiece of early American history, host to many of the ideas and actions that gave birth to the American Revolution and independence.
10. São Paulo:
Another city representing the growing prowess of developing world. It is ranked before many famous world cities like Shanghai, Zurich, Geneva. San Paulo is main commercial city of Brazil. GDP of $388 Billion is almost same as Philadelphia. The city is home to the São Paulo Stock Exchange, or BOVESPA, the Future Markets, and the Cereal Market Stock Exchanges, the second largest stock exchange in the Americas.