Richest City in the World – Top 10 List Based on GDP
Techscio.com presents the name of the richest city in the world. In addition to this, let us see the top 10 cities which have a Gross Domestic Product (GDP) higher than any other city in the world. Of all the cities on planet Earth, Tokyo tops the list with a GDP of $1,520 Billions while the city Shanghai ranks 10th with a GDP of $516.5 billion.
Must Read: Richest City in America
Top 10 List
|Rank||Name of the City||GDP of the City |
(in Billions of US Dollar)
|2||New York Ciy||1210||United States of America|
|3||Los Angeles||789.7||United States|
|8||Chicago||524.6||United Sates of America|
Now, let us see what makes a city richest in the world. Also, we are going to have a look on the factors which contribute to the economy of a city.
#1) Tokyo – The Richest City in the World
With a staggering value of output goods and services (GDP) equal to a whopping $1.52 Trillions, Tokyo tops the list. On planet Earth , it is second to none on the basis of GDP. It is situated in the country of Japan, which is the 10th most populous country in the world. This capital city is also one of the heavily populated regions with high density on Earth. Tokyo is home to massive, highly efficient and reliable system of commuter trains and subways. It is also famous for its high-speed bullet trains which reflect the progress of humans in bullet train technology. During World War II, this richest city was heavily bombarded aerially by the allied powers leading to massive infrastructural destruction. Tokyo is also the financial capital of Japan as it contributes heavily to the Japanese economy. Around 51 companies of the Fortune 500 are based alone in the city of Tokyo. Economy of Tokyo is diverse and is dependent on financial institutions like banks, automobiles, electronics, furniture, textiles as well as Tourism which nearly earns billions of Dollars to Tokyo. Tokyo is also home to the third largest stock market in the world which is named Tokyo Stock Exchange. A place of rich culture, it also offers its visitors with a seemingly unlimited choice of shopping, dining and entertainment centers.
#2) New York City
Situated in the state of New York, United States of America, New York City carries the same name as that of its home state. With its GDP of $1.21 trillions, it is the second in the rankings. Covering a land area of 783.8 kilometer square and a population close to 9 million, it is one of the most dense cities in the world. It ranks first in America in terms of GDP as it contributes more than any other city. It is also home to the Empire State Building, which once stood as the tallest building on Earth for decades. It is also the home of top 2 largest stock exchanges in the world which are NASDAQ and ‘New York Stock Exchange’. With its diverse economy and well developed infrastructure, it is interest of millions of tourists each year. This wealthy city is also the center for many Fortune 500 companies. Economy of New York City is dependent on finance, IT and manufacturing sectors. The Statue of Liberty, which is the face of the United States is also situated in this city. It is also home to a few of the richest people in America.
#3) Los Angeles
When compared with other rich cities on this list, Los Angeles has a small population of close to 4 million. However, it is ranked #1 on the list of most populous cities in the state of California. It has a GDP which is lesser than only Tokyo and New York and thus make it the third wealthiest city in the world. Los Angeles has an economy which depends on sectors like entertainment, aerospace, technology, petroleum, fashion, apparel, and tourism. Throughout the USA, it is known as the recording capital as it houses a number of studios and motion picture centers. Television industry of the United States is heavily concentrated in this city. It produces more goods, of electronics, textiles, aircraft, computers, glass and furniture, than any other city of of America.
#4) Seoul – South Korea
Seoul is the largest city which is located in the country of South Korea. It is a place whose quality of life is of par excellence and comparable to global cities like London, New York and Tokyo. Majority of its population practice religions like Buddhism, Confucianism, Christianity and Korean Shamanism. Seoul is the financial capital of South Korea as it contributes nearly 51 percent to the nation’s GDP. On our top 10 richest cities list, it ranks fourth. Automobile, banking, construction and tourism form the backbone of Seoul’s economy and make it one of the wealthiest cities.
#5) London – City in the UK
Situated on the banks of the river Thames is the city of London. Since its proximity to water bodies, it has been settled by humans since 2 millennia. Based on GDP, it is the fifth in the top 10 wealthiest cities on Earth. With its staggering GDP of $731 billions, it is comparable to that of countries like Argentina. Poland, Thailand and Saudi Arabia. It is also the home of the Port of London, which is one of the busiest ports in the world. Finance industry forms the backbone of London’s economy and it is also the place of the London Stock Exchange. It houses many wealthiest citizens of the UK.
#6) Paris – City in France
Output of goods and service of this city is valued around $669 billions. Paris is the capital city of France and also it has a larger population than any other French city. It was once formed the center stage of the French Revolution. Its climate is Oceanic. Its GDP is more than countries like South Africa, Egypt, Pakistan and Columbia. It also frequently ranked in the list of most expensive cities around the world. There are 38 Fortune 500 companies in France of which city of Paris houses 25 alone. Culture of France is heavily reflected in this rich city.
#7) Osaka – Japan
Ranking after the city of Yokohama in terms of number of inhabitants, Osaka ranks seventh in this list. Old name of Osaka was Naniwa and it remained the capital of dynasties in Japan for centuries. However, later Tokyo became the capital of new kings after death of emperor named Toyotomi Hideyoshi. Osaka,Tokyo, Aichi, Kanagawa and Saitama contribute entirely to the economy of Japan. It is also the industrial center of Japan and it houses, industries related to chemicals (pharmaceuticals), general machinery, electronics (three categories: electrical appliances, telecommunication equipment, and electronic components and devices), and metal products.
#8) Chicago – USA
Having GDP equal to $524 billion, Chicago occupies the eight spot in this list of top 10 richest countries. Had Chicago been a country, then its economy would have been larger than many countries of the world like Malaysia, Nigeria, Ukraine, Austria, Belgium, Singapore and many others. All the business sectors are well represented in the economy of Chicago as it is very diverse. It is one of the financial centers in the world along with Singapore, Malaysia and New York. This wealthy city houses 12 Fortune 500 companies.
#9) Moscow – Russia
With around 12 million population, Moscow is the second most populated city in the world after Shanghai. It is the capital city of Russia and is home to many Russian billionaires and richest people in the world. The city is a major political, economic, cultural and scientific center in Russia and in Eurasia. Of all the Russian cities, Moscow has the lowest unemployment rate and it is the undisputed financial center of Russia. By some accounts, it is the most expensive city in the world. Also, it is home to the headquarters of Gazprom, which is the largest natural gas extractor.
#10) Shanghai – China
Shanghai is situated in the country of China. It has the largest population of all cities. It is a global city and is called as one of the major financial centers of the globe. Shanghai is the center of trade, finance, banking and culture in China. It also has the largest port in China, Industries like shipbuilding, textiles, machinery and technology are increasing at a greater pace in this rich city of Earth.