top 50 richest cities in the world 2021 top 50 richest cities in the world 2021

In 2018, the city ranked first in Germany and third in the world in the Mercer survey, and in 2018, it was named the worlds most liveable city in the Monocle Quality of Life Survey. This has led to large. Read Also: North Macedonia Economy In Europe [Facts & History]. Sao Paulo has a GDP of $409 billion. It has been swiftly supplanted by the information technology sector and the financial services industry. Remember that state-owned corporations in China get tremendous government support regardless of the economic conditions, including even Global 500 companies like SAIC Motor and China National Petroleum. Dublin Port handles a sizable amount of Irelands import and export trade and is the epicenter of the countrys transportation network. 1. The difference. It grew throughout the 19th century because of domestic and foreign trade, especially its strategic port location. The business has been practiced in Barcelona for centuries. The counties of Dublin (Dublin City, South Dublin, Dn Laoghaire-Rathdown, and Fingal), Meath, Kildare, and Wicklow make up what is called the Greater Dublin Area, according to the Dublin Transport Authority Act of 2008. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. (Based on all 212 countries evaluated. Mukesh. These six are, in turn, broken down into 70 different indicators which are all given a score. At around 88%, the citys employment rate is above average. 917,673 (2021) 49,239.50 With a rate of 6.1% in October 2018, unemployment was much higher than the German average. After the Rhine-Ruhr Metropolitan Region, the Frankfurt Rhine-Main-Region, the Berlin-Brandenburg Metropolitan Region, and the Stuttgart Metropolitan Region, it is Germanys fifth most populated metropolitan region. The Rhine-Ruhr metropolitan region is home to several Fortune 500 firms, some of which include ThyssenKrupp AG, RWE AG, Bayer AG, and Evonik Industries. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. The Essen-based E.ON AG, the Bonn-based Deutsche Post AG, the Dsseldorf-based Metro AG, the Bonn-headquartered Deutsche Telekom AG, the Essen-headquartered ThyssenKrupp AG, the Essen-headquartered RWE AG, the Essen-headquartered Bayer AG, the Essen-headquartered Evonik Industries, the Essen-headquartered Hochtief AG, and the Dsseldorf-headquartered Henkel Group all call this area home. The GDP per resident of Milan is around 49,500 (US$55,600), making it one of the wealthiest regions in Italy. The Global Wealth and Lifestyle Report 2020 also names it as one of the worlds most cost-effective metropolises for the affluent. As the EUs third most populous and fourth most prosperous metropolis, it also ranks highly in terms of GDP. Shanghai may not be the richest city globally, but it has a GDP of $608 billion, more than the GDPs of many national economies. New York, Americas greatest city, is in third thanks to the high number of Global 500 companies located in the Big Apple as well as the citys endless nightlife, shopping and attractions that sustain its enduring allure. Los Angeles is the manufacturing hub of the nation, which is a truth that is not well recognized. It has been the capital area of South Korea for around 2,000 years. Currently, the Rhine-Ruhr metropolitan area is the second largest metropolitan GDP in the European Union, contributing close to 15% of Germanys total GDP. Moscow is also a wealthy city because it ranks among the top ten cities with the highest number of billionaires. Furthermore, the city hosts the worlds two largest stock exchanges by market capitalisation, NASDAQ and the New York Stock Exchange. Via Montenapoleone, the most expensive street in Europe, and the Borsa Italiana, the countrys stock exchange, are both located in the heart of the city. Image Source. China, with 12,556 USD per inhabitant, only reaches 79th place. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. We can offer a 5% discount for our readers using the button below. In the 2019/2020 fiscal year, its GDP per citizen was predicted to reach $57,101, making it one of the highest-earning countries in the world. It also serves as one of the richest places in the world, with a GDP of $866 billion. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Highlighted rankings: Restaurants (1), Shopping (1) "Despite the pandemic and subsequent derailment of Japan's plansor perhaps because of themthe Japanese government remains steadfast, keeping its target of 60 million visitors and $136 billion in tourism revenue by 2030. At 33.809, Madrids GDP per capita is 35% more than the rest of Spain. Tokyo was originally a fishing village in the 1600s but grew up to become the most populated city globally by the mid-18th century. Kia, Daewoo, and Hyundai are three other corporations essential to Seouls economys prosperity.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-large-mobile-banner-2','ezslot_10',122,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-large-mobile-banner-2-0'); The Korea Exchange on Yeoui Island serves South Koreas version of Wall Street. There are now 43 Fortune 500 firms that name New York City their home. 2 From that point over a century ago, wealth has multiplied to the point where the richest men and women in the world top out at around $150 billion each. Dallas-Fort Worth is the economic and cultural hub of North Texas and the fourth-largest city in the USA. San Francisco topped the index, with residents bringing in an average of $6,580 a month, the Golden Gate City has the highest salaries in the world for 2019. Denmark, Iceland, Singapore, Australia and Qatar round up the top ten nations. Slower growth was a result of the recession that began in the early 2000s and persisted until 2005. Along with New York, Paris, and London, Milan is often regarded as a global fashion capital. San Jose, ranks second in monthly salaries, according to the analysis, in 2019, the average monthly salary after taxes for citizens of the city of San Jose was $6,457. It first became a city in 1837 and grew in the mid-19th century to become one of the most populated cities in North America. These are the only two cities with trillion dollar economies. In addition to being regarded as the worlds financial hub, Tokyo is also known as the home of invention and innovation, as well as anime, manga, and, of course, robots. Manage Settings Mumbai- GDP: $310 Billion Maximum City is among the richest cities in India and the world as well. Score: 87.97. Updated on 2nd November 2021 by Garry Lu. Its boundaries are unclear because they are not tied to any form of governmental delimitation. Furthermore, the city has been the centre for diplomacy, fashion, science, and the arts. In addition, New York is the city with the highest number of millionaires per capita. Apart from being a global city, it is home to the largest state-owned companies in China and the highest number of Fortune Global 500 companies globally. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. More than 530,000 people, or 37.7% of the citys total population, were born outside of the United States. In the Mediterranean region, it was the first and remains the most significant industrial city. 1. Dublin has the highest per-person income, at $115,094. Parts of the regions of Aisne, Aube, Eure, Eure-et-Loir, Loiret, Marne, Oise, Seine-Maritime, and Yonne are included outside of the le-de-France area. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. Today, Moscow has a GDP of $604 billion. London is recognized as one of the most important global economic hubs. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. AT & T, Walgreens, Abbott Labs, the CTA, Walmart, and Allstate Insurance, amongst other businesses, are major city employment drivers. So, what's the richest big city in America according to the data? 15 poorest countries in Europe with the lowest GDP in 2021. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. New York. Heymondo offers several policies including single trip and annual multi-trip as well as a long-stay option which is ideal for digital nomads and remote workers. Munich has had Germany's highest. It has a GDP of $1,048 billion, contributed by a productive entertainment industry. Hamburgs 2018 GDP of 119.0 billion Euro represented 3.6% of Germanys total economic output. In our view, no city can be a Best City that is part of a country that is taking unprovoked action against another and we have removed Moscow and St. Petersburg from this years report, two cities that finished in the Top 20 last year.. Alejandro de Leon/Getty Images. Today, Moscow has a GDP of $604 billion. Required fields are marked *. The entertainment industry, international commerce, gambling, tourism, fashion industry, and several other sectors are vital to the success of Los Angeles economy. Ahmedabad - Textile Hub Of India. Madrid, as the countrys capital, is a hub for both the political and economic spheres, as well as the academic and scientific communities, as well as the financial and banking sectors (research centers and universities). Catholics make 32% of the 66% of Germany's Christian population. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. There are six cities in where the median household income is less than $20,000: (1). * 1. Much of the city's extensive wealth derives from its prime position in the Witwatersrand hill range, an area replete with minerals and the center of a very profitable gold and diamond trade. That is because cities have become centres of innovation, creativity, and culture and are the focal points for finance, business services, corporate headquarters, and government. As of 2021, Beijing has a GDP of $554 billion. Indian richest cities 2021 1. Madrid became Spains second industrial city after Barcelona in the 20th century, when it saw the emergence of a thriving manufacturing sector. The phrase can also be used in a narrower sense to refer to the city of Dublin and its surrounding suburbs. The GDP of some of cities will amount to more than that of . No. Furthermore, New York is a city with the most millionaires per capita. New Report Shows Rise in Job Creation in Kenya, Growth in Privater Sector Salaries. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Industries, IT, Investment, local/international trade, and transportation are typically at the helm of the city economy. This includes action plans to aid with rent, taxes, company subsidies, and various other financial burdens. It has a GDP of $781 billion, making it one of the most productive regions globally. In a recent ranking, the Paris Metropolitan area in France has been ranked to be the richest city in Europe with Frankfurt topping the list. ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); Even though the epidemic caused a severe economic slowdown, Shanghai has managed to maintain its position as one of the wealthiest cities in the world. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. This comprises the rapidly developing sectors of FinTech, which stands for financial technology. Tokyo has maintained its position as the worlds most populous city for over half a century and shows no signs of relinquishing its leadership. Most of the cleanest cities in Africa have put up policies governing littering and pollution which have, in turn, made sure the places are as tidy as possible. New York Metropolis is the most populated city in the United States and the world's second-richest city. 2 . As of 2015, Munich was ranked as an alpha-world city by the Globalization and World Rankings Research Institute. The city of Madrid, Spain, is at the heart of the Madrid Metropolitan Area, a single-center metropolis in the geographical center of the Iberian Peninsula. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The metropolis offers as many restaurants as the top five cities combined more than 100,000 in total! The city is poised to benefit from the range of new infrastructure constructed for the Olympics which will no doubt come in handy in the future. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. It first came into existence in the 1100s and grew to become Russia's political and economic centre. There are also several major Irish public firms headquartered in Dublin, such as Bank of Ireland, DCC plc, AIB Group, Ardagh Group, CRH plc, Ryanair, Smurfit Kappa, and Flutter Entertainment (formerly Paddy Power Betfair). The Greater Dublin Area, also known as simply Greater Dublin, is a colloquial term that generally refers to the area surrounding Dublin, Ireland. The six factors scrutinized are: economy, research and development, cultural interaction, livability, environment, and accessibility. All of these exchanges are located in Chicago. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Dubai in the UAE remains in the top five best cities in the world thanks to its alluring blend of over-the-top experiences, Arab heritage and luxury shopping. By 2025, the city's GDP would have [] Tokyo is home to some of the most successful businesses and financial brains found anyplace on the planet. Cities are the engines of the global economy and the badges of human ingenuity. Berlin is the birthplace of a number of renowned German corporations, including Siemens, Deutsche Bank, Lufthansa, Allianz, AEG, Telefunken, Osram, Knorr-Bremse, and Edeka. Indian richest cities 2021 2. Furthermore, Moscow has many financial centres that contribute to the citys GDP. Apart from being a powerhouse in Europe, London is also a major financial centre globally, with over 450 banks hosted in the city. Interactive map. Madrids rapid expansion, especially in the 1990s, made it one of the wealthiest cities in Europe, and this trend continued for most of the decade of the 2000s, with an annual growth rate of 3.4% from 2000 to 2009. John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 largely through his ownership of Standard Oil. Moscow is one of the largest and wealthiest cities in the world. While there are affluent areas all across the country, most of the very richest . In 2013/14, exports were 28.97M while imports amounted to 47.29M, resulting in a negative balance of foreign trade for the Madrid region. Every year for our World's Best Awards survey, T+L asks readers to weigh in on travel experiences around the globe to share their opinions on the top hotels, resorts, cities, islands, cruise . The success of these companies have made some of them cross the $1 trillion threshold, while the owners have made tens of billions of dollars, some even crossing a hundred billion in net worth . See all of our readers' favorite hotels, cities . New World Wealth compiles wealth reports on several major markets. Check out the world's richest cities for 2020 below. The Small Business Improvement Fund, the Chicago Recovery Grant, the Special Service Area Program, Tax Increment Financing, and several other programs are included in these projects. The importance of the shipping industry to the worlds economy has been eclipsed in recent years by the growth of service-oriented businesses such as the financial sector. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Owing greatly to the exportation of oil and better management than most African countries. In our new study we explore the wealthiest cities in the world for 2021, with a special spotlight on the wealthiest cities in the Middle East and Africa. New York serves as a centre of many industries, including international trade, financial technology, finance, real estate, fashion, manufacturing, entertainment, education, tourism, and biotechnology. It is also one of the leading cities in the world for culture, politics, diplomacy, business, economics, science, and technology. Tokyo has a high GDP compared to any other city globally because it is a major international finance centre that houses the headquarters of some of the world's largest investment banks and insurance companies. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); I'm a travel expert with vast experience in the traveling industry, couple with hands on experience about the globe. Britain was second with 120 billionaires, and Switzerland was third with 111. SK Holdings, POSCO, and LG Electronics are just a few corporations that are part of the Fortune Global 500. The hypothesis of Dutch illness arose as a result of the unexpected effects of the countrys energy resources on the competitiveness of other sectors of the economy, following the discovery of the massive Groningen gas field. New York Metropolis is living up to its image as a resilient and resourceful city, even though it is still showing signs of being beaten and wounded due to the pandemics ravages. Financial and publishing services were developed to meet the needs of the citys expanding population, which included the royal family and the national government. The 2011 GDP per capita was 74% higher than the national average and 70% higher than the average of the other 27 EU member states. However, the city is making up ground quickly, as productivity is increasing by 2.5% per year in real terms. Weve used several providers over the years and are now covered by an annual multi-trip policy from Heymondo. Kyiv is a city of many faces. As the capital of capitals negotiates the uncharted, perilous terrain of a post-Brexit and pandemic world, London continues to reign as the planets best city for the seventh year running.. Dublin is the wealthiest city, with a per capita income of $115,094. One of the luckiest nations on the continent, Equatorial Guinea "third on our list of richest countries in Africa" is a small nation with a small population with a large oil reserve. This is followed by Paris and New York City.Cleanest Cities in the World. Despite being a manufacturing hub for the worlds most famous vehicles, Los Angeles's economy heavily relies on the entertainment industry, with a sharp focus on TV, motion pictures, music, and interactive video games. Here is a look at some of the richest cities in the world based on their GDP. Growth rates of 1.4% in 2014, 2.7% in 2015, and 2.8% in 2016 are predicted for the city after a recession beginning in 2007/8. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Catalonia, of which the greater Barcelona area constitutes over 66% of the population, is one of the wealthier areas in Europe and the fourth richest region per capita in Spain, with a GDP per capita of 28,400 (16% more than the EU average). Osaka-Kobe is the second-most populated urban region in Japan. Banks and financial institutions contribute significantly to the citys GDP. GDP- $1,732 Billion. Today, Shanghai is Asia's commercial and financial hub and a significant player behind Chinas booming economy. Furthermore, the cities derive their wealth from huge populations that have increased consumer spending, government spending, and business investments, thus growing their GDPs. Top 15 richest companies in the world and their net worth in 2021. New York was the only North American city to place in the top ten. Osaka has a diverse economy, thus ranking in the top ten cities of the world. Apart from being populous, Sao Paulo is the wealthiest state in Brazil that exerts rooted international influences in finance, commerce, and entertainment. Geneva 4. Yeah they are. The Gross Domestic Product (GDP) of Milan and Lombardy in 2017 was $493.3 billion and 650 billion, respectively. New York. Canary Wharf, HSBC, and Barclays are three of Londons most significant financial powerhouses.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-leader-2','ezslot_11',176,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-leader-2-0'); In addition, it serves as the headquarters location for around three-quarters of the worlds Fortune 500 corporations. The wealthiest city in Europe right now is Frankfurt with a GDP of 74,465 Euros. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Los Angeles is home to many car manufacturers, including Honda, Mazda, Hyundai, Suzuki, and Mitsubishi. However, the reports authors believe the city continues to draw talent and visitors en masse and will eventually weather the storm and even emerge stronger. Many of the richest suburbs also have very expensive homes. Score: 87.79. Bernard Arnault 2. Top 25 Best And Smartest Robots In The Top 15 Fastest Motorcycles In The World 2023, Top 10 Most Beautiful And Amazing Desert Oasis In The World, Top 25 Amazing Places To Visit Before You Die, Top 10 Richest Billionaires Men In Zimbabwe, Top 10 Most Women with the Most Attractive Figure, Top 15 Most Famous Celebrities From Newyork, Top 20 Most Watched News Channels In The World, Top 10 Best Juice Brands In The World (Updated), 15 Best Shampoo Brands In The World 2023 (Top Highest Selling). Large service, technological, and creative industries returned to the city after German reunification in 1990. Using data from the World Bank and the Central Intelligence Agency, GOBankingRates ranked the 50 top economies in the world on the basis of GDP per capita. The Ruhr is a polycentric urban area in North Rhine-Westphalia, Germany. Equatorial Guinea-Malabo. The city continues to attract the highest proportion of foreign-born residents of any city in the world, and they tend to be well-educated ranking consistently highly for Educational Attainment globally. Approximately 30 percent of Frances gross domestic product is generated in the Paris metropolitan area, which consists of the City of Paris and the le-de-France region (Paris Region). Chicago, or the City of Chicago, is one of the largest urban areas in the world, with a GDP of $619 billion. The next richest city based on GDP is Los Angeles, California in the U.S. Tokyo is home to several Fortune Global 500 corporations, including Honda Motors, Hitachi, Sony, and Mitsubishi. This city has a population size of over 24 million and is designated by the Chinese government as a "Free Trade Zone". The median annual household incomes in the cities on this list range from nearly $140,000 to more than $240,000. 20 largest tech companies in the world by revenue in 2021. An estimated 6,321,398 people call this area home as of 2017 throughout an area of 5,335.97 square kilometers, as provided by Populationdata.net (2,060.23 sq mi). However, the citys early industrialization, which really took off in 1833 when Catalonias highly developed textile sector started using steam power, is not as well recognized. The Rhine-Ruhr metropolitan area is broken up into three distinct areas, and each of these regions contributes to the overall gross domestic product of the Rhine-Ruhr metropolitan area. These reports focus heavily on HNWI demographics such as city and suburb wealth breakdowns. While there are many ways of assessing the countries in Africa, We relied on the purchasing Gross Domestic Product from 2020 to compile the wealthiest African countries in the year 2021. . Out of Pariss total 390,480 businesses, 80.6% are involved in trade and transportation, 6.5% are in the building trade, and 3.8% are in the manufacturing sector. . Italys largest industrial sector is located on the outskirts of Milan. However, in recent years, this sectors growth has slowed and is gradually replaced by others, including financial services, trade, information technology, real estate, and commerce. Its the biggest in Spain and one of the biggest in all of Europe. Warren Buffett 6. It is one of Germanys eleven metropolitan regions, and it includes all of Berlin and Brandenburg. Cities may be defined as the cities proper, . Seoul is the most populous city in South Korea and forms the country's cultural, commercial, financial, industrial, and residential centre. It is the richest place in the world, with a GDP of $1,790 billion. Carlos Slim Helu 8. The city is home to many skilled manufacturers in different industries, including pharmaceuticals, electronics, machinery, construction, device, food, and chemical. There are a number of highly developed, technologically advanced cities in Europe. Unlike other cities in the USA, Washing leads in the number of tourists or visitors it receives every year. Below are the 10 richest cities in the Philippines based on their total assets: 1| Quezon City - P452.333 billion 2| Makati - P238.464 billion 3| Manila - P76.548 billion 4| Pasig - P49.510 billion 5| Cebu City - P34.754 billion 6| Mandaue - P32.570 billion 7| Tagiug - P30.682 billion 8| Davao City - P23.664 billion 9| Caloocan - P22.203 billion Before the advent of Covid, Chicago had around 55 million visitors in 2017.