No doubt, there are several cities in the world which are at peak of their advancement and perhaps the richest cities in the world. But the thing is, How a city becomes rich Is it by its people or by its culture Or is it a combination of a lot of things? In most cases, The wealth of a city is measured by its Gross Domestic Product, or GDP or the Per Capita Income of its people. Here is the list of top 10 richest cities in the world in terms of GDP rankings,
Richest Cities
| S.No | City | GDP (Billion) |
| 1 | Tokyo | $1,520 |
| 2 | New York | $1,210 |
| 3 | Los Angeles | $789.7 |
| 4 | Seoul | $779.3 |
| 5 | London | $731.2 |
| 6 | Paris | $669.2 |
| 7 | Osaka | $654.8 |
| 8 | Chicago | $524.6 |
| 9 | Moscow | $520.1 |
| 10 | Shanghai | $516.5 |
1. Tokyo, Japan- GDP: $1,520 billion
One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Also, it is the 8th largest economy in the world with a $ 2.5 trillion economy larger than that of any other city. Also, Tokyo is placed at a top position in the Global Economic Power Index and third in the Global Cities Index. Despite an earthquake in 1923, however, the city has taken extensive growth in a positive direction. The leading industries of the city are telecommunications, rebuild and publishing.
Related: Top 10 Richest Companies in the World in 2018 by Revenue
2. New York, USA- GDP: $1,210 billion
With the GDP of about 1,210 billion dollars, New York is the second wealthiest city in the world. It is a global hub of business and commerce and a major centre for banking and finance, world trade, tourism, media, theatre, fashion, and much more. New York has a strong economic background as of February 2017, New York City’s unemployment rate fell to just 4.3%, which is the lowest in the city’s recorded history. The city also achieved the status of full employment, as recognized by many economists. Newyork is one of the cities that abolished slavery in the United States and also one of the entry port to the immigrants from Europe that makes the more diverse place to live in. The best attraction of the city is the Statue of Liberty, Times Square, the Empire State Building and the Brooklyn Bridge.
Related:Top 10 Tourist Attractions in New York City
3. Los Angeles, USA- GDP: $789.7 billion
Los Angeles is the third largest economy in the world, with an estimated population of about 10 million and a GDP of over $700 billion. Los Angeles has an exceptionally diversified economy, with a large number of established industries such as Aerospace, entertainment, and fashion, consumer products, and tourism. Also, Los Angeles is home to some of the finest research institutions and teaching hospitals in the nation, including UCLA Medical Center, Cedars-Sinai Hospital, the House Ear Institute, Good Samaritan, and many more. The city is famous as the City of Angels, however, many regards as the filmmaking hub in the United States because most of the business in the city is related to the finance and banking sectors.
Related:Top 10 Tourist Attractions in Los Angeles
4. Seoul, South Korea- GDP: $779.3 billion
One of the richest cities in the world, Seoul, the capital city of South Korea is a leading and rising global city, most popularly recognized as an economic boom and the Miracle on the Han River. It is the world’s 4th largest metropolitan economy with a GDP of about $ 845.9 billion. Seoul was also rated as Asia’s most livable city with the second-highest quality of life index and a per capita income of about $ 39,786 for which the city has been ranked at 6th position globally in 2017. The most attractive places in the city are Namsan Park, the Korean War Memorial, Changdeokgung Palace and the N Seoul Tower. The major businesses include textile, electronic, steel and iron production. The city is also listed as one of the most visited cities in the world.
Related: 10 Most Beautiful Cities In The World
5. London, England- GDP: $731.2 billion
London is a leading global city that has top advancements in the field of arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transportation and many more. It is the world’s largest financial centre and has the fifth largest economy in the world with a GDP of about $731.2 billion. London is often regarded as a world cultural capital and is also the world’s most-visited city. The major tourist spots in the city are the Buckingham Palace, the London Eye, the Tower Bridge and most famous Big Ben clock tower. The major businesses of the city are finance and banking.
Related:Top 10 Tourist Attractions in London
6. Paris, France- GDP: $669.2 billion
With the GDP of about $669.2 billion, France is the world leader in tourism and receives around 83 million foreign visitors annually. France is a developed country and the world’s sixth-largest economy in terms of GDP ranking France is globally considered a great power in the world for being one of the five permanent members of the United Nations Security Council with the power to veto and is an official nuclear-weapon state. The major tourist spots in the city include the Champs Elysees, Eiffel Tower, the Arc de Triomphe and the Louvre Museum and it is also one of the most visited countries in the world.
7. Osaka, Japan- GDP: $654.8 billion
Osaka, the second largest metropolitan area in Japan, is one of the largest economies in the world with a GDP of about $ 654.8 billion. Historically, Osaka was an important centre of commerce in Japan, especially in the middle and pre-modern ages. Situated at the mouth of the Yodo River on Osaka Bay, Osaka is the second largest city in Japan that serves as a major economic hub for the country. The per capita income in the city was about ¥ 3.3 million. Also, Osaka ranks 19th among the world’s leading cities and plays an important role in the global economy. The major tourist attractions of the city are the Osaka Castle and Universal Studios Japan. The major businesses in the city include textile, metal and plastic production.
Related: Top 10 Sugar Producing Countries in the World
8. Chicago, USA- GDP: $524.6 billion
Chicago has the third-largest economy in the United States according to September 2017 estimates. With the GDP of about $ 670.5 billion, the city has also been rated as having the most balanced economy in the United States, due to its high level of diversification. Chicago is also the fourth-most important business centre in the world that has recorded the highest number of corporate facilities in the United States and hence making it one of the richest cities in the world. The major businesses of the city are publishing, printing and manufacturing.
Related:Top 10 Tourist Attractions in Chicago
9. Moscow, Russia- GDP: $520.1 billion
Moscow is a major political, economic, and cultural centre of Russia and Eastern Europe It is the largest city in terms of both population and by area entirely on the European continent. Moscow is among the world’s largest cities with the GDP of about $520.1 billion According to Forbes, Moscow has been ranked as the ninth most expensive city in the world and is also one of the fastest-growing tourist destinations in the world. The city produces the largest share of steel, minerals, food and chemicals for the country.
10. Shanghai, China- GDP: $516.5 billion
Shanghai the centre of China, is the most expensive city to live in Mainland China, according to the study of the Economist Intelligence Unit in 2017. It is the largest and one of the richest cities in East Asia with the GDP of about $ 516.5 billion In the last two decades Shanghai has been one of the fastest developing cities in the world that has recorded double-digit growth from 1992. This makes Shanghai a great experience, if you are looking for a combination of tradition and modern technological wealth. Therefore, the city is booming with culture, making it a very attractive destination for a romantic travelling date and an extended vacation experience. The exotic stay requires a fitting companion, which can be easily arranged via a premium escort agency like Ivana Models. The major industries in the city are tourism, chemical and steel production and it is a major commercial hub of the country.
These are the richest cities in the world in terms of GDP rankings.
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FAQs
Which is the richest city in the world list? ›
The study measured the most millionaires per city worldwide, and it turns out that New York City tops the list at number one. According to Henley & Partners, NYC is home to 345,600 millionaires, including 737 centi-millionaires (with wealth of USD 100 million or more) and 59 billionaires.
Which city has highest GDP in Asia? ›...
Value of the GDP in selected cities in the Asia Pacific region in 2020 (in billion U.S. dollars)
- Los Angeles, USA.
- Seoul, South Korea. ...
- London, England. GDP: $731.2 billion. ...
- Paris, France. GDP: $669.2 billion. ...
- Osaka, Japan. GDP: $654.8 billion. ...
- Chicago, USA. GDP: $524.6 billion. ...
- Moscow, Russia. GDP: $520.1 billion. ...
- Shanghai, China. GDP: $516.5 billion. ...
San Francisco has the most billionaire residents of any city, and New York has the most millionaires.
What city has the best economy? ›Madison, Wisconsin, which has a population of 258,000, is the largest of the 10 cities at the top of our rankings. Meanwhile, Seattle and San Francisco are the only two major American cities in the top 20.
Which is the poorest city in the world? ›Theorists suggest the poorest city in the world is in Monrovia, the capital city of Liberia. The population of Liberia is currently 4,294,000 and is one of the least populated countries in Africa. It is considered the fifth poorest country, despite being the oldest independent country.
Which country is No 1 in Asia? ›India is likely to overtake Japan as Asia's second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the U.K. to rank as the world's No. 3, IHS Markit said in a report on Friday. Currently, India is the sixth-largest economy, behind the U.S., China, Japan, Germany and the U.K.
Which is richer London or New York? ›Using different data sets, they rank the favoured cities around the world. This year's report has London at top of the pops for rich folks, beating cities such as New York, Paris, Los Angeles and Singapore.
What is the number 1 biggest city in the world? ›Which cities have the largest economy? ›
| Rank | Metro Area | GDP (2018) |
|---|---|---|
| #1 | New York-Newark-Jersey City | $1.77T |
| #2 | Los Angeles-Long Beach-Anaheim | $1.05T |
| #3 | Chicago-Naperville-Elgin | $0.69T |
| #4 | San Francisco-Oakland-Berkeley | $0.55T |
With a GDP of 23.0 trillion USD, the USA is by far the world's largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.7 trillion USD. Canada is also quite far ahead in the international comparison and occupies the ninth place in this ranking.
Which country has best economy 2022? ›With a GDP of 22.3 trillion USD, the United States is by far the world's largest economy in this ranking for 2022. It is followed by China in 2nd place with a GDP of still 19.9 trillion USD.
What is the richest place on earth? ›New York City — home to more than 345,000 millionaires — is the wealthiest city on Earth, according to a new report.
Is Dubai richest city in the world? ›This placed the emirate as the richest city in the Middle East and Africa (MEA) and the 29th wealthiest in the world according to New World Wealth.
Which country is richer UK or France? ›Its latest World Economic League Table, which looks at the prospects for all 193 countries, forecasts the UK economy will be 16 per cent larger than France's by 2036. The UK's is currently estimated to be worth £2.1 trillion, 3.6 per cent larger than France's.
Which state is richest in USA? ›With a median household income of $87,063, Maryland is by far the richest states in the USA. It derives its economic advantage from its proximity to the federal government in Washington, DC. Fishing, agriculture, biotechnology and tourism are other major income source in Maryland.
Where do wealthy people live? ›New York, Tokyo and Paris are the top places favored by the ultra-rich to live, according to Knight Frank's 2022 Wealth Report, with London and Los Angeles next.
What is world's fastest growing city? ›Shanghai, China
Shanghai's port is the busiest in the world by container traffic, and the city's importance to global trade looks unlikely to diminish in the foreseeable future. According to the World Population Review, by 2035 the municipality's population will have grown to almost 35 million.
| City, State | Growth Rate | |
|---|---|---|
| 1. | Buckeye City, Arizona | 5% |
| 2. | New Braunfels, Texas | 2% |
| 3. | Apex, North Carolina | 8% |
| 4. | Frisco, Texas | 6.1% |
What are the fastest growing economies? ›
Saudi Arabia will be the world's fastest-growing major economy in 2022, outperforming the dynamic Asian giants of China, India, Indonesia and South Korea, as well as the struggling G7 and other major emerging economies.
Which country is No 1 poor country? ›Burundi is the world's poorest country followed by Central African Republic, DR Congo, South Sudan and Somalia as the poorest. The richest countries are Luxembourg, Singapore, Ireland, Qatar and Switzerland.
What are the 10 poorest countries in the world list? ›- Chad.
- Malawi.
- Mozambique.
- Somalia.
- Democratic Republic of the Congo (DRC)
- Central African Republic.
- South Sudan.
- Burundi.
- London, England. London is truly a world unto itself.
- New York City, USA. Our readers knew this top ten list wouldn't be complete without NYC . ...
- Istanbul, Turkey. ...
- Tokyo, Japan. ...
- Rio de Janeiro, Brazil. ...
- Amsterdam, the Netherlands. ...
- Reykjavík, Iceland. ...
- Hong Kong, China. ...
With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India.
What city has the best economy? ›Madison, Wisconsin, which has a population of 258,000, is the largest of the 10 cities at the top of our rankings. Meanwhile, Seattle and San Francisco are the only two major American cities in the top 20.
Is Dubai richest city in the world? ›This placed the emirate as the richest city in the Middle East and Africa (MEA) and the 29th wealthiest in the world according to New World Wealth.
Which is the richest city in India 2022? ›Mumbai. Number of rich individuals: 283 | Being the financial hub of India, Mumbai is home to the maximum number of affluent people, as per IIFL Wealth Hurun India Rich List 2022.
Which is the 2nd richest city in India? ›2. Delhi. The capital of the country and the city with most population, Delhi, is a wealthy city to say the least with estimated GDP of 293.6 billion.
Which Indian state is richest? ›What is world's fastest growing city? ›
Shanghai, China
Shanghai's port is the busiest in the world by container traffic, and the city's importance to global trade looks unlikely to diminish in the foreseeable future. According to the World Population Review, by 2035 the municipality's population will have grown to almost 35 million.
| City, State | Growth Rate | |
|---|---|---|
| 1. | Buckeye City, Arizona | 5% |
| 2. | New Braunfels, Texas | 2% |
| 3. | Apex, North Carolina | 8% |
| 4. | Frisco, Texas | 6.1% |
Qatar is currently the wealthiest country in the Arab World - Fast Company Middle East | The future of tech, business and innovation.
Why is Qatar so rich? ›Resources and power. Qatar possesses enormous deposits of natural gas, and its offshore North Field is one of the largest gas fields in the world. The country's petroleum reserves, found both onshore along the western coast at Dukhān and offshore from the eastern coast, are modest by regional standards.
What's the richest country in the world? ›Luxembourg. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. While its inflation rate rose to 6.8% in August, 2022, its wealth stays stable.
Which is poorest city in India? ›Shravasti 'tops' the list, with 74.38 per cent of the population deemed to be “multidimensionally poor”, followed by neighbouring Bahraich (71.88 per cent) in second position, and Balrampur (69.45 per cent) in fourth.
Is India a rich country? ›Union Minister Nitin Gadkari on Thursday said even as India has emerged as the world's fifth largest economy and although the country is rich, its population is poor, facing issues like starvation, unemployment, casteism, untouchability and inflation.
Which is the cleanest city in India? ›India Cleanest Cities Ranking 2022 List: Indore was adjudged India's cleanest city for the sixth time in a row, while Surat and Navi Mumbai followed it on the next two spots in the Central government's annual cleanliness survey, the results of which were announced Saturday.