Take a look at the below list of Top 10 Richest Cities in The World 2017. There are very many notions as to why a city can stand out as the richest in the current economy. But generally the most logical explanations are those that are based on the economy of the city. These mostly include the fact that a city might have a great economic background or be a financial centre. Others that lead to a wealth are the fact that some countries may be culturally blessed or be beautiful such that it attracts tourists all year round as well as foreign investment in the local businesses. In all the above explanations if the taxation levels in the country are kept at a minimum it is the better. The rate the wealth of a city GDP (Gross Domestic Product) is put in play. Here is a list of the top 10 richest cities in the world 2017.
List of Top 10 Richest Cities in The World 2017
1: Tokyo in Japan
Tokyo is the capital city of Japan country. On top of this, it is the most populated city in Japan. Tokyo is the largest financial centre in the world. It is the headquarters to many investment banks as well as insurance companies in the world. The stock exchange programme in Tokyo is the biggest in the whole country and is among the top in the world. It is ranked as the third. Tokyo is among the biggest cities in terms of telecommunication, transport, and publishing and electronics industries in the world. It also has sites that attract tourists that boost the economy by a great percentage. In the last study the city had a GDP of $1,520 billion making it top of the list.
2: New York in the United States of America
This is the most populous city in the whole of the United States of America. The city of New York is a major city for banking, retail trade, transportation, world trade as well as real estate. Most American corporations have their headquarters based in New York. The city has attracted many foreign investments and as a result improving the economy. Many locals have ventured in the work of real estate. Wall Street which is known as the financial industry for America lies in New York City. In the tourism industry, New York doesn’t fall short of the number of tourists that grace the city with their appearance. It is also home to many film industries. All this contributed to a GDP of about $1,210 billion making it the second in the list of richest cities 2017.
3: Los Angeles in the United States of America
This is mostly the second biggest city in America after New York. The city is home to most or almost all the largest film studios. These include paramount pictures, Universal pictures and 20th Century fox. It is also home to most of the video games, music recording and production industries. There are a wide range of companies in the following fields that improve the economic state of the city. These include companies in technology, aerospace and petroleum. The tourism industry is also stable in the city. The GDP for the city was $866 billion
4: Seoul in South Korea
It is the most populated city in the whole of South Korea and also acts as its capital city. It is the headquarters to most of the companies and banks in the whole of South Korea. These companies include Samsung, LG and Hyundai. Most manufacturing and assembling industries are housed in the city making business constant. The most notable assembling industries in Seoul are Samsung, LG, KIA and Hyundai. The major manufacturing industries in Seoul are Jinro and Soju. The tourists are not very rare in these parts and as such make the market improve. This city had a GDP of $731.2 billion.
5: London in the United Kingdom
This is the capital city of the United Kingdom. It is also the most populous city in the country. London has more than 480 oversea banks. It is rated as the biggest centre trading in currency. This is the main reason why its economy was affected by the financial crisis. The city has a place called Silicon roundabout where there are a high number of technological companies. London has been ranked as one of the best tourist attraction sites in the world based on the amount of visits that it experiences. This city had a GDP of $731.2 billion. It tied with Seoul.
6: Paris in France
This is the most populated city and also serves as the capital of France. This is considered as the best destination to many tourists because of the many sites that are appealing to the human eye. This includes Eiffel Tower, Arc de Triomphe and the Louvre Museum. It also is known as the most romantic city in the world 2017. The economy is largely dependent on the many services that are offered and rendered in the city. This city had a GDP of $669.2 billion.
7: Osaka in Japan
This is the second largest cities in the whole of Japan. It is home to a large amount of companies including Panasonic, Sanyo and Sharp. In the recent past, the city began a project to attract investment from both the locals and the people from other countries. Taking tourism in topic, it is among the many cities in the world with places like the Universal Studios Japan, Kyocera Dome and the Tempozan Harbour Village which acts as a tourist attraction site. In the recent study it had a GDP of $654.8 billion.
8: Chicago in America
This is home to major of the most field activities. It is home to most of the basketball teams and has established itself as one of the best city involved with sports in America. This city is one of the best financial cities in the world. Food processing publishing and printing are among the many industries that the city prides in. It had a GDP of $524.6 billion.
9: Moscow in Russia.
This city is the greatest it has the most natural resources and acts as the capital and the most populated city in the whole of Russia. It is also a city that has shown a great rise in the tourism economy. It has a hiked number of new tourists visiting the country. It has the lowest unemployment rate in the world. It is also the financial centre for Russia.it had a GDP of $520.1 billion.
10: Shanghai in China
In terms if population, this is the one of largest and richest cities in the world 2017. This is the commercial and financial city in the whole of China. This has been the fastest growing city in the world. As the economy grows, so does the tourism economy with more sites that attract foreigners to the city being erected. Most of the buildings erected attract foreigners. The GDP for this city was $516.5 billion making it the number 10 in our list
So, these are the world’s top 10 richest cities 2017. The more the financial system of a city is stabilised the more it rises as a rich city. Thus it is good to make sure you encourage local and international investments.