The city also achieved the status of full employment, as recognized by many economists. 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. 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. With the GDP of about 1,210 billion dollars, New York is the second wealthiest city in the world. Related: Top 10 Richest Companies in the World in 2018 by Revenue The leading industries of the city are telecommunications, rebuild and publishing. Despite an earthquake in 1923, however, the city has taken extensive growth in a positive direction. Also, Tokyo is placed at a top position in the Global Economic Power Index and third in the Global Cities Index.
Also, it is the 8th largest economy in the world with a $ 2.5 trillion economy larger than that of any other city. Tokyo has 39 million residents which are 50% more than any other urban area of the world. 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. Here is the list of top 10 richest cities in the world in terms of GDP rankings, Richest Cities S.No 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.
No doubt, there are several cities in the world which are at peak of their advancement and perhaps the richest cities in the world.
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