Whether a town is rich or poor is determined based on its GDP or Gross Domestic Product. Gross Domestic Product is the monetary value of all the products produced and services provided by a nation over a fixed period of time. It helps us to determine the economic conditions of that particular nation and compare it with the other countries.
Our world is one huge big family which is divided into subfamilies like the countries and towns. And these countries and towns can be classified into three categories- undeveloped, developing and developed. The developed nations are mainly responsible for boosting our world economy. So here is the list of top 10 richest towns in the world in 2017.
List of the world’s top 10 richest towns in 2017
10. SHANGHAI, CHINA (GDP/ Net worth – $540 billion) (Living Cost: $2372.78)
Shanghai, the world’s most populated city with a population of around 26 million, is the most developed city in China. This town covers an area of approximately 6,340.5 square kilometers. Tourist destinations like the City God Temple, Yu Garden, and The Bund attract a huge number of tourists from all over the world which has a large impact on its economy. Since 1990, there have been a lot of economic reforms in Shanghai which has led it to become one of the fastest growing and developing towns of the world.
9. MOSCOW, RUSSIA (GDP/Net worth – $546 billion) (Living Cost: $1829.14)
Moscow has a population of around 1.2 million, and it is the capital of Russia. In terms of its resources, Moscow is the richest city in the world. Moscow is famous for its tourist attractions spots like The Kremlin, Saint Basil’s Cathedral, Red Square and Gorky Park. It is also famous for its unique Vodka. Moscow is the largest city in Russia with an area of approximately 2,511 square kilometers.
8. CHICAGO, USA (GDP/Net worth – $550 billion) (Living Cost: $3541.12)
It has emerged one of the richest cities in the world due to its industrial developments and advancements. It is the third largest city in USA and has a population of around 2.9 million. Along with industries, this city also has a large number of tourist attraction spots like Shedd Aquarium, Millennium Park, Navy Pier and Field Museum of Natural History. Tourism plays a crucial role in the economy of this town. Chicago has an area of approximately 28,120 square kilometers.
7. OSAKA, JAPAN (GDP/Net worth – $679 billion) (Living Cost: $3644.77)
A small town based on its size but a town with a huge economy. This city stays awake all night with many attractions. Tourist destinations include places like The Universal Studious Japan, Osaka Aquarium Kaiyukan, Osaka Castle and Umeda Sky Building, which bring in a huge number of tourists from all over the world all round the year and helps to boost the economy of Osaka. The city covers a small area of approximately 223 square kilometers.
6. PARIS, FRANCE (GDP/Net worth – $694 billion) (Living Cost: $3581.35)
The City of Romance, Paris is the sixth richest town of the world due to its huge tourist industry. It has an enormous contribution of around 32% of the French economy. Paris is the capital of France and has a population of around 3.1 million. It has lots and one of the most famous tourist destination spots of the world like the Eiffel Tower, Montmartre, The Louvre, Notre Dame de Paris and Disneyland. Paris has an area of approximately 105.4 square kilometers.
5. LONDON, UNITED KINGDOM (GDP/Net worth – $756 billion) (Living Cost: $3555.09)
London, the capital of United Kingdom, has become one the richest towns in today’s world due to its huge international business channel. Having a population of around 8.7 million, it is one of the most populated towns in England. London also has beautiful tourist attraction spots like the London Eye, St. Paul’s Cathedral, Tower Bridge, Tower of London and The Buckingham Palace. London covers an area of approximately 1,572 square kilometers.
4. SEOUL, SOUTH KOREA (GDP/Net worth – $804 billion) (Living Cost: $3493.72)
Seoul, the capital of South Korea, has a population of around 26 million. It is one of the leading technology centers in the world, and these technological advances have helped this town to secure a position in the top richest towns of the world. Seoul also has tourist attraction spots like Gyeongbokgung, Namsam, Lotte World and N Seoul Tower. It has an area of approximately 605.2 square kilometers.
3. LOS ANGELES, USA (GDP/Net worth – $815 billion) (Living Cost: $3360.46)
The City of Angels, Los Angeles, is the center of entertainment having the Hollywood. Los Angeles is the second largest city of USA having a population of around 3.9 million. Los Angeles has a growing economy which might make it the richest town in the next few years. It also attracts lots of tourists from all over the world to its beautiful tourist spots like Griffith Park, Universal Studios Hollywood, Disneyland and Walt Disney Concert Hall. Los Angeles covers an area of approximately 1,302 square kilometers.
2. NEW YORK, USA (GDP/Net worth – $1,235 billion) (Living Cost: $4295.80)
The ‘City that Never Sleeps’, New York is the second richest town in the world mainly due to its service sectors and tourist destinations. It has a population of around 9.1 million. New York has one of the most attractive tourist destinations like the Brooklyn Bridge, Statue of Liberty, Empire State Building and Museum of Modern Art. New York is one of the cities of the world with most diversified culture and having people from all around the world. It covers an area of approximately 789 square kilometers.
1. TOKYO, JAPAN (GDP/Net worth – $1,545 billion) (Living Cost: $4317.38)
Tokyo, the richest and the wealthiest town of the world is the same town that was destroyed in 1923 due to an earthquake but has emerged to the top once again in 2016. It has a population of around 13 million. Tokyo also attracts tourist from all over the world to spots like Odaiba, Meiji Shrine, and Tokyo Imperial Palace. It plays the most important part in today’s world economy. Tokyo covers a surface area of approximately 2,188 square kilometers.
So if you want to spend your life in the richest places, then you can spend in the above mentioned top 10 richest towns in the world in 2017.