Asia is home to some of the most prosperous cities in the world. They have a booming economy, high standard of living, and a wealth of cultural diversity. In this article, we will explore the top 10 richest cities in Asia and the criteria used to rank them.
Ranking criteria for The Top 10 Richest Cities in Asia
The ranking is based on the Gross Domestic Product (GDP). GDP is the total value of all goods and services produced in a city. The sources of these GDP figures are the World Bank, IMF and national statistics agencies. Another major factor is the concentration of multinational corporations. We have also considered the standard of living in the city.
Relevant article: TOP 10 RICHEST COUNTRIES IN ASIA: A LOOK AT THEIR ECONOMIES AND INDUSTRIES
List of The Top 10 Richest Cities in Asia
Tokyo, Japan
Tokyo is the capital of Japan and the richest city in Asia. The city is home to many multinational corporations, including Toyota, Sony, and Toshiba. Tokyo is also a center for finance and banking and has the largest stock exchange in Asia. The city’s GDP is $1.8 trillion. Tokyo is also the 5th-safest city in the world.
Shanghai, China
Shanghai is the second wealthiest city in Asia. It is China’s largest city and the country’s financial hub. The city is home to the Shanghai Stock Exchange and many multinational corporations. The big multinational include Ford, General Electric, and Siemens. Shanghai has a GDP of $1.7 trillion.
Beijing, China
Beijing is the capital city of China and is also a financial center. The city has a large concentration of multinational corporations. Some of them are Intel, Nokia, and Motorola. Beijing’s GDP is $1.6 trillion.
Seoul, South Korea
Seoul is South Korea’s capital city and a major economic center in the country. The city is home to many multinational corporations, including Samsung, LG, and Hyundai. Seoul’s GDP is at $779 billion.
Mumbai, India
Mumbai is the financial capital of India and a major port city. It is the 5th wealthiest city in Asia The city is home to many multinational corporations. Some of them are Tata Group, Reliance Industries, and Aditya Birla Group. Mumbai’s GDP is at $368 billion.
Osaka, Japan
Osaka is Japan’s third-largest city and a major economic center in the country. The city is home to many multinational corporations. They include Panasonic, Sharp, and Daiwa Securities. Osaka’s GDP is $341 billion.
Shenzhen, China
Shenzhen is the 7th wealthiest city in Asia. It is located in China’s Guangdong province. It is a technology hub. The city is home to many multinational corporations, including Tencent, Huawei, and ZTE. Shenzhen’s GDP is $338 billion.
Hong Kong, China
Hong Kong is a special administrative region of China. It is a major financial center in Asia. The city is home to many multinational corporations. Some of them are HSBC, Bank of China, and Cathay Pacific. Hong Kong’s GDP is $320 billion.
Taipei, Taiwan
Taipei is the capital city of Taiwan and a major economic center in the country. The city is home to many multinational corporations, including Acer, Asus, and HTC. Taipei’s GDP is $259 billion.
Singapore
Singapore is a small island city-state and a major financial center in Asia. The city is home to many multinational corporations. They include DBS Bank, United Overseas Bank, and Singapore Airlines. Singapore’s GDP is $364 billion.
Summary of The Top 10 Richest Cities in Asia
The top 10 richest cities in Asia are Tokyo, Shanghai, Beijing, Seoul, Mumbai, Osaka, Shenzhen, Hong Kong, Taipei and Singapore. They are the powerhouses of Asia. They contribute significantly to the growth and development of the continent. Create a itinerary to travel to those cities.
