Tokyo is the richest city in the world by GDP

VTV.vn - According to a newly released report, Tokyo has been ranked as the richest city in the world, surpassing New York, London and Los Angeles.

Photo: BLOOMBERG

According to the global wealth index recently released by CEOWorld, the capital of Japan has a gross domestic product of 2,550 billion USD, far exceeding New York's 2,490 billion USD and Los Angeles' 1,620 billion USD.

The index ranks 300 cities based on their share of global GDP and other fundamental factors.

Tokyo has excelled thanks to operational excellence, technological sophistication and disciplined economic governance, with its transportation system, financial networks and industrial supply chains operating with unprecedented precision, the report said.

New York's reputation as a global financial center and startup ecosystem bolstered its position in the rankings, while Los Angeles' entertainment economy is complemented by its technology and aerospace industries.

The report says the wealthiest cities are magnets for human capital – entrepreneurs, financiers, innovators and policymakers. Together, the top 10 cities alone account for nearly a third of global GDP, demonstrating the growing concentration of economic power in urban centers that drive innovation, capital flows and global competitiveness. GDP is the most common measure of city wealth, but other factors such as technology, industrial capacity and intellectual capital are also important, the report says.

Henley and Partners, a British consultancy that provides rankings on passport power and wealth, released its own ranking of the world's richest cities earlier this year, placing Tokyo - with 292,300 millionaires residing in the capital - in third place, behind New York and the Bay Area, which includes San Francisco and Silicon Valley.

Other Japanese cities also made it into the CEOWorld index. Osaka-Kobe ranked 8th, while Nagoya ranked 30th. Fukuoka-Kitakyushu ranked 72nd, the last Japanese metropolitan area to make the top 100.

Elsewhere in Asia, Seoul ranked fifth, Shanghai 10th and Beijing 11th.

Source: https://vtv.vn/tokyo-la-thanh-pho-giau-nhat-the-gioi-theo-gdp-100251111155151513.htm