03 Oct 2019
Posted in Business Fundamentals
Tokyo tops GlobalData’s list of top 25 cities by GDP in 2018
Tokyo has edged past Beijing, Paris, Seoul and London to emerge as the top city in the revenue analysis of top 25 global cities with highest GDP based on total revenue generated by the public companies headquartered in each city in 2018, according to GlobalData, a leading data and analytics company.
GlobalData analyzed more than 41,000 global public companies spanning across 5,400 cities and found that the top 25 cities were home to about 9,000 companies (about 22% of the sample), of which 23% were based out of Japan, in 2018.
Japan was followed by China (18%), Hong Kong (16%), the US (14%), South Korea (9%), Singapore (7%), the UK (7%), France (2%), Russia (1%), Brazil (1%), and Mexico (1%).
Parth Vala, Company Profiles Analyst at GlobalData, comments: “With 18 out of the top 25 cities, advanced economies continued to dominate the list. They were home to over 7,000 public-listed companies. The remaining seven cities from the emerging and developing countries were headquarters to around 2,000 public-listed companies.”
In terms of countries, the US was home to 12 out of the top 25 cities, followed by China with four.
The companies from the top 25 cities accounted for 38.5% of the aggregate revenue of the total sample size. The combined revenue of these companies witnessed a year-on-year (YOY) increase of 8.9% in 2018.
There were 23 cities, which reported YOY growth in their aggregate revenues from the companies within. Companies in Beijing, Shanghai, Shenzhen, Houston, Moscow, Dallas, Seattle, Philadelphia, Guangzhou, and Miami performed particularly well with an aggregate revenue growth of over 10%.
Vala adds: “Among these, the revenue of companies in Seattle grew by 21.9% on the back of improved performance in retailing, industrial goods and machinery, technology and communication, food services, transport and logistics, and travel and tourism sectors.
“On the other hand, the combined revenue of companies in London fell by 2.8% due to substantial decline in revenue from insurance, and investment banking & investment services activities.”