If you want to understand how well your city is performing economically, you should know which cities are the richest based on 2016 per capita GDP.
A city’s importance is usually determined by the contribution it has to the country. And only on rare occasions, a city will receive a high value because of any other reasons than economic contribution. Even areas or cities known for cultural diversity or tourism are important because these unique features bring in money. If we look at GDP value and growth rates, we will see cities with high industrial and commercial growth rank high in the rich cities’ list. And we can estimate USA’s capacity to leverage the world’s most important currency because 16 out of the top 20 richest cities are in the United States. We can even find little known American cities doing wonders financially. For example, Des Moines of Iowa, Durham of North Carolina, Hartford and Bridgeport of Connecticut are all extremely rich cities with per capita GDP based on PPP reaching over $80,000. Hartford is actually the richest city in the USA. But you will also most definitely find the usual suspects like Seattle, San Jose, Houston, Boston, San Francisco, New York, and others. Outside USA, the cities which have managed to get a place in among richest are Perth of Australia, Calgary of Canada and the city-state Singapore. But the only city with a PPP of over $100,000 is actually outside USA. The richest city in the world is Macau, which is an autonomous city of the People’s Republic of China. It is known for the huge luxury hotels and casinos.
Insider Monkey has put in a lot of effort in finding out the 20 Richest Cities in the World by 2016 GDP Per Capita. You can check their list out to know more about the top 20 richest cities.
